Corporate Malaysia Recap: Dialog, Zetrix, Kwasa, Alliance, BIG, Steel Hawk, Dayang, Paramount, Samaiden, SP Setia, MMM, CIM, Axis REIT, Pantech, Destini, EcoFirst Announcements

Dialog Group is expanding its storage capacity in Johor's refinery town with a $330mn investment. Zetrix AI can continue to offer immigration services, while Kwasa Land awarded LBS Bina Group development rights for an RM8.3bn residential project. Alliance Bank is keeping its net interest margin forecast within 2.4%-2.5% after the central bank rate cut. BIG Industries is acquiring an air separation unit for RM22.9mn. Steel Hawk secured a scaffolding services contract from EPOMS, while Dayang Enterprise Holdings was awarded a work order for an accommodation work barge from PETRONAS Carigali. Paramount Corp has no plans to acquire additional F&B businesses, and Samaiden Group secured three bio-energy project awards. S P Setia held a groundbreaking ceremony for its Setia Garden Residences project in Vietnam. MMM Group's shares will be suspended from Aug 7 after Bursa Malaysia Securities rejected its proposed regularisation plan. PT Bank CIMB Niaga Tbk reported a 4.6% drop in 2QFY2025 net profit, and Axis REIT will distribute RM8.8mn in net disposal gains from The Annex over three quarters.

KUALA LUMPUR, July 2, 2025 — Dialog Group Bhd (KL:DIALOG) has announced a significant investment of US$330 million (RM1.4 billion) to expand the storage capacity of its associate, Pengerang Terminals (Two) Sdn Bhd (PT2SB), in Johor's refinery town [1]. The expansion, set to be completed by the first half of 2028, will develop a storage capacity of 272,000 cubic meters dedicated to Pengerang Biorefinery Sdn Bhd (PBSB), a joint venture involving Petronas, Eni SpA, and Euglena Co Ltd. PT2SB, which is 25%-owned by Dialog, will benefit from the efficiencies of the current capacity and infrastructure of PT2SB, including its dedicated deep-water terminal serving the Pengerang Integrated Complex [1].

The project aligns with Dialog's strategy to generate recurring income and diversify its portfolio across the energy sector and the green segment, aiming to weather different economic and oil price cycles. Dialog remains committed to developing Pengerang Deepwater Terminals into the largest petroleum and petrochemical hub in the Asia-Pacific region [1].

Separately, Zetrix AI Berhad, formerly known as My E.G. Services Berhad, will continue to provide immigration-related services despite the termination of a specific agreement term with the Ministry of Home Affairs [2]. The company received a clarification letter from the Ministry, allowing it to continue offering these services under the scope of its other existing agreements with the Malaysian government. The Board of Directors of Zetrix AI Berhad confirmed that the full suite of Immigration Related Services provided by the company remains accessible to its customers through its platform [2].

References:
[1] https://theedgemalaysia.com/node/764570
[2] https://www.businesstoday.com.my/2025/07/30/zetrix-ai-to-continue-immigration-services-despite-agreement-termination/