Corporate Updates - Bursa Malaysia

2025-11-19
Category: Corporate Updates
Frequency: Daily

Daily compilation of corporate updates and activities on Bursa Malaysia listed companies.

Explanation of the corporate events: User Manual

Date Company Event Details Sector Event Summary
18 Nov, 2025 Careplus Group Bhd Careplus Group Bhd has cancelled its planned three-for-five rights issue at 12 sen per share to fund its new energy vehicle hub in Chembong, Negeri Sembilan, citing a 69% year-to-date drop in its share price. HEALTH CARE EQUIPMENT & SERVICES Termination
18 Nov, 2025 Sin-Kung Logistics Bhd Sin-Kung Logistics Bhd has received approval from the Labuan Financial Services Authority to carry on leasing business through its subsidiary, Sin-Kung Leasing Pte. Ltd., enabling it to lease a Boeing B737-400SF to Sin-Kung Airways. The group will now incorporate the subsidiary and comply with regulatory conditions, with the board expecting the leasing business to positively contribute to earnings and net assets per share from FY2025 onwards. TRANSPORTATION & LOGISTICS SERVICES Operation Updates
18 Nov, 2025 NCT Group NCT Group of Companies, through its subsidiary NCT Land Sdn Bhd, has signed a memorandum of understanding (MOU) with Speedex Express Logistics (M) Sdn Bhd to provide integrated logistics solutions at the NCT Smart Industrial Park. PROPERTY Operation Updates
18 Nov, 2025 Nestcon Bhd Nestcon Bhd has secured a RM355 million contract from Inter Sky Development to build two 57-storey serviced apartment towers in Taman Wahyu, off MRR2, marking its sixth major win in 2025 and lifting total year-to-date contract wins to about RM810.43 million; the project will run for 34 months with a targeted completion on 14 Sept 2028, followed by a 27-month defect liability period, reinforcing Nestcon’s growing order book and steady pipeline of high-rise construction jobs. CONSTRUCTION Contract Awarded
18 Nov, 2025 Dialog Group Bhd Dialog Group has signed a long-term deal with BP Singapore to more than double refined petroleum and biofuel storage capacity at Phase 3 of its Pengerang Deepwater Terminals in Johor, raising total capacity to about one million m³ across 48 tanks and adding five new berths to support higher vessel traffic. Funded through internal resources and borrowings, the expansion is expected to positively contribute to earnings beyond FY2026 without materially affecting this year’s results. Phase 3, launched in 2018, provides integrated port, marine, and storage facilities, and BP Singapore will remain the dedicated customer for the new capacity. ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES Expansion Plan
18 Nov, 2025 Dataprep Holdings Bhd Dataprep Holdings has terminated its RM15.5 million plan to acquire intellectual property rights from China-based Qingdao Xingyun Digital Technology after both parties agreed the deal was no longer commercially or strategically relevant, following Dataprep’s sale of its Indonesian unit involved in the Bandung smart city project—the original purpose for the IP. The cancellation also voids the exclusive rights previously granted to Zenith City Management Services to use the assets, and Dataprep says the move is not expected to materially affect its FY2026 earnings, net assets, or gearing. The shelved IP covers AI-driven systems for smart city operations, property and community management, Internet of Things integration, and digital wellness services. DIGITAL SERVICES Termination
10 Nov, 2025 Malayan Banking Bhd Maybank is channeling over RM15 billion into the Johor-Singapore Special Economic Zone, comprising about RM10 billion in committed financing and up to RM5.35 billion in client investment interests over three to 10 years via letters of intent. The funding supports a wide range of sectors, including high-value manufacturing, digital economy, healthcare, food security, and logistics, covering SMEs, mid-cap, and multinational firms. Maybank also facilitates Single Family Offices in the Forest City Special Financial Zone, provides Halal advisory services, and launched its Forest City Service Centre to combine in-person and digital client experiences. The centre aims to strengthen investment, wealth management, and sector growth in the JS-SEZ and FCSFZ, reinforcing Maybank’s role as a key financial and advisory partner in the region. BANKING Operation Updates
10 Nov, 2025 Malayan Banking Bhd Maybank is facilitating over RM15 billion ($4.7 billion) in financing and investment into the Johor-Singapore Special Economic Zone (JS-SEZ), including RM10 billion ($3.13 billion) in committed financing and up to RM5.35 billion ($1.67 billion) via client Letters of Intent over the next three to 10 years. The support spans SMEs to multinational corporations in sectors such as high-value manufacturing, digital economy, food security, healthcare, logistics, semiconductors, electric vehicles, and Halal economy. Maybank has also helped establish two Single Family Offices in the Forest City Special Financial Zone, with 13 more planned, and provided Islamic finance and Halal advisory for local businesses to unlock growth. BANKING Operation Updates
10 Nov, 2025 SNS Network Technology Bhd SNS Network Technology Bhd has faced margin pressure in its AI super server sales segment, with net profit margin dropping to 1.17% in 2QFY2026 despite revenue surging to RM1.75 billion, as global competition entered Malaysia’s AI data centre market. The company is pivoting to GPU-as-a-Service, renting data centre space to host its own Nvidia H100-equipped servers, targeting small and medium enterprises, educational and government organisations, with projected low double-digit margins and a planned RM40 million investment over five years. SNS’ AI Factory, located at Telekom Malaysia’s Klang Valley Data Centre, is Malaysia’s first locally hosted, fully managed AI cloud infrastructure. The ICT sale and distribution business, which includes AI super servers, still dominates SNS’ revenue, but the company expects another surge in super server demand as new data centres reach completion, with a target to sell 500 units in FY2026. TECHNOLOGY EQUIPMENT Operation Updates
6 Nov, 2025 IOI Corp Bhd IOI Corp Bhd and Singapore’s Mega Star Holding Pte Ltd will jointly develop a RM100 million integrated coconut mill complex in Segamat, Johor — Malaysia’s first of its kind. Set for completion in 4Q 2027, the mill will process 100,000 coconuts per day, with plans to scale up to 300,000 as IOI expands its coconut plantations to 5,000 hectares. PLANTATION Business Venture