Sunway Proposes RM10 Billion Sukuk, Capital A Clarifies Bursa Decision Impact, Multiple Contracts Secured by Malaysian Firms
Sunway Treasury Sdn Bhd has proposed a RM10 billion sukuk wakalah programme for working capital and refinancing. Meanwhile, Capital A Bhd clarified that Bursa Malaysia's denial of its extension request for distributing AirAsia X Bhd shares will not significantly affect its operations. Additionally, several Malaysian firms have secured multiple contracts across various sectors, including a RM58.4 million subcontract for water supply infrastructure and a RM29 million contract for gas pipeline rectification.
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Sunway Treasury Sdn Bhd, a unit of Sunway Bhd, has proposed a sukuk wakalah programme of up to RM10 billion for working capital and refinancing. Capital A Bhd stated that Bursa Malaysia's denial of its extension request for distributing AirAsia X Bhd shares will not significantly impact its corporate activities.
A consortium led by Kinergy Advancement Bhd has signed an equipment supply agreement for a 1.5GW gas turbine power plant in Perlis. Orkim Bhd secured a marine transport contract from Boustead Petroleum Marketing Sdn Bhd.
T7 Global Bhd received a work order from PETRONAS Carigali for integrated well services. Insights Analytics Berhad was awarded a RM58.4 million subcontract for water supply infrastructure in Sarawak. Alam Maritim Resources Bhd obtained a RM29 million contract from Vestigo Petroleum for gas pipeline rectification.
Globaltec Formation Bhd is partnering with PT Beijing Energy Linking on coalbed methane projects in South Sumatra. PJBumi Heavy Engineering is acquiring Rig Capital Pte Ltd for SGD6,500. IGB REIT reported a RM280 million gross fair value uplift in its mall portfolio. ISF Group Bhd launched an IPO prospectus priced at 33 sen per share, targeting RM61.2 million ahead of a January 2026 listing.
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