Explanation of the corporate events: User Manual
Corporate Updates - Bursa Malaysia
2024-11-03
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on Bursa Malaysia listed companies.
| Date | Company | Major Action | Recent Events |
|---|---|---|---|
| 25 Oct, 2024 | Petronas Chemicals Group Bhd | Announced that its second production line for 2-ethylhexanoic acid (2-EHAcid) at the integrated site in Kuantan, Pahang, has successfully doubled the annual production capacity to 60,000 tonnes. | Expansion Plan |
| 21 Aug, 2024 | Steel Hawk Bhd | Secured a scaffolding services contract from Kertih Port Sdn Bhd, a wholly-owned subsidiary of Petronas Chemicals Group Berhad. The contract operates on a call-out basis with no fixed value and will see Steel Hawk providing specified services as needed throughout the contract period. | Contract Awarded |
| 21 Feb, 2024 | Petronas Chemicals Group Bhd | signed a memorandum of understanding with Sarawak state-owned Sarawak Petchem Sdn Bhd to conduct a joint feasibility study to develop a low-carbon ammonia and urea plant in Bintulu. | Operation Updates |
| 9 Oct, 2023 | Petronas Chemicals Group Bhd | Reached a final investment decision to construct Asia’s largest advanced chemical recycling plant in Pengerang, Johor with a capacity of 33 kilotonnes per annum. The plant is targeted to be operational by the first half of 2026. | Expansion Plan |
| 25 Sep, 2023 | Dialog Group Bhd | Wholly owned indirect subsidiary Dialog Malic Sdn Bhd, will build, own and operate a RM374.8 million speciality chemical plant producing malic acid in Gebeng, Kuantan, Pahang. The plant, located within the integrated chemical site operated by BASF Petronas Chemicals Sdn Bhd, marks the group’s first foray into production of specialty chemicals. Malic acid is a specialty chemical that is mainly used as a food additive in the food and beverage (F&B) industry. | Expansion Plan |
| 6 Jul, 2023 | Petronas Chemicals Group Bhd | Diversifying into specialty chemicals for growth and to cushion against the cyclical nature and volatility of the broader oil and gas industry. PCG’s specialty chemicals portfolio brings a wide range of products that includes Silicones, Lube Oil Additives and Chemicals, Resin and Coatings, Engineered Fluids, Animal Nutrition and Advanced Coatings to the market. | Business Venture |
| 30 Jun, 2023 | Petronas Chemicals Group Bhd | The validity period of the existing gas supply agreement between Petroliam Nasional Bhd (Petronas) and Petronas Chemicals Group Bhd (PCG) for the supply of ethane and propane as feedstock for plant operations at Petronas Chemicals Olefins Sdn Bhd (PCOSB) has been extended from July 1, on the same terms and conditions for a minimum of six months. | Operation Updates |
| 13 Jun, 2023 | Petronas Chemicals Group Bhd | Acquire a maleic anhydride (MAn) plant in Gebeng, Kuantan from its 40% owned unit BASF Petronas Chemicals Sdn Bhd (BPC) for an undisclosed sum. | Merger & Acquisition |
| 16 Mar, 2023 | Ancom Nylex Bhd | Accepted two separate sale and purchase agreements with Petronas Chemicals Marketing (Labuan) Ltd (PCML). The agreements entail PCML supplying methanol to Ancom's wholly owned subsidiary Perusahaan Kimia Gemilang Sdn Bhd and the 51%-owned subsidiary Ancom Kimia Sdn Bhd. The duration of the contract is for five years commencing Jan 1 to Dec 31, 2027. | Operation Updates |
| 9 Jan, 2023 | Petronas Chemicals Group Bhd | Inked a heads of agreement to sell a 25% stake in its wholly-owned Petronas Chemicals Fertiliser Sabah Sdn Bhd to SMJ Sdn Bhd, which is owned by the Sabah state government. The transaction was finalized on 25 Apr 2023 involving RM 1.2 billion for the 25% stake. | Disposal |
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