Explanation of the corporate events: User Manual
Corporate Updates - Bursa Malaysia
2025-07-03
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on Bursa Malaysia listed companies.
| Date | Company | Major Action | Recent Events |
|---|---|---|---|
| 2 Jul, 2025 | Wawasan Dengkil Holdings Bhd | The company has secured two contracts worth a total of RM53.81 million. The first, valued at RM44.76 million, was awarded by PG LinkaranFiber Sdn Bhd for the supply, construction, and setup of fibre-optic infrastructure in southern Peninsular Malaysia. The second contract, worth RM9.05 million, was awarded by TG Malim Hi-Tech Park Sdn Bhd for site clearance and earthworks in Behrang Ulu, Perak. | Contract Awarded |
| 2 Jul, 2025 | Plytec Holding Bhd | The company has formally applied to transfer its listing from the ACE Market to the Main Market, with the application submitted to the Securities Commission Malaysia (SC). | Proposed Listing |
| 2 Jul, 2025 | Ecobuilt Holdings Bhd | Decided to call off its proposed rights issue and proceed only with a share capital reduction. | Termination |
| 2 Jul, 2025 | Dataprep Holdings Bhd | Dataprep has entered into a deal to acquire intellectual property rights from China-based Qingdao Xingyun Digital Technology Co Ltd (QXDT) for RM15.5 million. The payment will be made in full by its technology partner, Zenith City Management Services (Sichuan) Co Ltd, in exchange for exclusive rights to use the systems in Malaysia, Thailand, Singapore, and Indonesia. The IP covers systems used in smart city infrastructure, including fibre-optic telecommunications networks, and AI-powered solutions for health monitoring, community services, and IoT integration. The systems are currently being used in the Greater Bandung area, serving 2.76 million residents. Zenith, focused on smart city development, will lead deployment with its AI-driven infrastructure solutions. | Operation Updates |
| 2 Jul, 2025 | Tenaga Nasional Bhd | Tenaga Nasional Bhd (TNB) has warned of a potential financial impact after the Federal Court ruled in favour of the Inland Revenue Board in a RM1.25 billion tax dispute over its 2018 assessment. The court found that TNB had wrongly claimed tax relief meant for manufacturers, when it should have applied under the utility scheme since electricity is classified as a utility. TNB said the ruling could negatively affect its earnings and assets for the financial year 2025. | Others |
| 2 Jul, 2025 | PBA Holdings Bhd | Perbadanan Bekalan Air Pulau Pinang Sdn Bhd has proposed the establishment of a RM5 billion sukuk wakalah programme to support its long-term financing needs. Proceeds from the sukuk will be used for shariah-compliant purposes, including capital expenditure, working capital and investments, among others. | Cash Call |
| 2 Jul, 2025 | GFM Services Bhd | Acquiring a 60% stake in oil and gas services provider Shapadu Energy Sdn Bhd for RM30 million in cash. This follows an earlier heads of agreement signed in December 2024, in which GFM had initially proposed to acquire a 45% stake from Shapadu Corp Sdn Bhd for the same amount. Post-acquisition, Shapadu Corp will have the remaining 40% and operate as a subsidiary of GFM, but will continue to be managed independently. | Merger & Acquisition |
| 2 Jul, 2025 | Aumas Resources Bhd | Obtained approval from the Sabah Lands and Surveys Department to restart operations at its main processing plant in Tawau, Sabah. | Operation Updates |
| 1 Jul, 2025 | Key Asic Bhd | Secured an artificial intelligence (AI) chip design contract valued at RM13.1 million from a leading technology company involved in the design, development, manufacturing, and sale of semiconductor-based products. | Contract Awarded |
| 1 Jul, 2025 | Perdana Petroleum Bhd | Perdana Petroleum, through its wholly owned subsidiary Perdana Nautika Sdn Bhd, has secured a 120-day contract from a petroleum arrangement contractor to provide an anchor handling tug and supply (AHTS) vessel. Under the deal, Perdana will supply the vessel, crew, and equipment to support 24-hour operations involving drilling rigs, offshore installations, derrick barges, towing, and anchor handling. | Contract Awarded |
You have 7 free insights left!
Login/Register to access unlimited insights.