Key Corporate Announcements in Malaysia: PPB, Malakoff, Samaiden, Hextar Global, Tropicana, KJTS, DNeX, Sunway, Cypark, Luxchem, Cape EMS, and Inta Bina.

PPB Group faces up to RM600mn in potential financial impact if Wilmar International loses its appeal in Indonesia's Supreme Court. Malakoff and Solarvest have secured a letter of notification to jointly develop a 470-MWac large scale solar photovoltaic plant in Perak. Samaiden and JBB Builders received a letter of notification for a 99.99-MW large-scale solar photovoltaic plant in Johor. Hextar Global's indirect unit is selling durian plantation land in Pahang for RM13.8mn. Tropicana Corporation redeemed a tranche of its sukuk wakalah programme worth RM100mn. KJTS Group proposed a special issue of up to 102.1mn new shares to meet its Bumiputera equity condition. Dagang Nexchange received a contract extension to operate and maintain Malaysia's National Single Window for Trade Facilitation System. Sunview Group and Cypark Resources formed a consortium to develop a 99.99MW solar photovoltaic plant in Negeri Sembilan. Luxchem Corporation entered into sale and purchase agreements to purchase three parcels of land in Klang, Selangor. Cape EMS signed a strategic cooperation agreement with Shanghai Sermatec Energy Technology Co Ltd to localise battery energy storage solutions in Malaysia. Inta Bina Group Bhd signed a memorandum of understanding with YKGI Holdings Bhd to form a joint venture to develop a 99.99MW solar photovoltaic plant in Kulai, Johor. Magni-Tech Industries Bhd received a letter of intent from the Johor Energy, Green Technology and Water Committee for a 99.99MW solar photovoltaic plant in Johor.

PPB Group Faces Potential Financial Impact

PPB Group Bhd (KL:PPB) is bracing for a potential financial impact of up to RM600 million if Wilmar International Ltd loses its appeal in Indonesia’s Supreme Court over alleged misconduct in palm oil export permits [1]. Managing director Lim Soon Huat stated that the amount, translating to about 45 sen per PPB share, represents the group’s share of Wilmar’s US$729 million (RM3.1 billion) security deposit placed with Indonesia’s Attorney General’s Office (AGO). Despite this potential liability, PPB’s dividend commitment remains intact, with the group declaring a 12 sen interim dividend for the quarter ended June 30, 2025. Wilmar, PPB’s key profit contributor, contributed RM992 million to PPB’s total profit before tax of RM1.33 billion in FY2024.

Malakoff and Solarvest Secure Solar Project in Perak

Malakoff Corp and Solarvest Holdings Bhd have been shortlisted by the Energy Commission (EC) to develop a 470 MWac large scale solar photovoltaic project at Malakoff's Windsor Estate in Mukim Kamunting and Mukim Batu Kurau, Perak [2]. The project will be financed through a combination of debt and equity, with Malakoff holding an 80% stake and Solarvest holding the remaining 20%. The project aims to contribute towards Malaysia’s net zero ambitions and help ensure a stable and reliable energy supply.

Samaiden and JBB Builders Secure Solar Project in Johor

Samaiden-led consortium has received a letter of notification for a 99.99 MW large-scale solar photovoltaic plant in Johor [4]. This project is part of Malaysia’s ongoing efforts to increase its renewable energy capacity.

Other Notable Developments

- Hextar Global's Land Sale: Hextar Global's indirect unit is selling durian plantation land in Pahang for RM13.8 million.
- Tropicana Corporation's Sukuk Redemption: Tropicana Corporation redeemed a tranche of its sukuk wakalah programme worth RM100 million.
- KJTS Group's Share Issue: KJTS Group proposed a special issue of up to 102.1 million new shares to meet its Bumiputera equity condition.
- Dagang Nexchange's Contract Extension: Dagang Nexchange received a contract extension to operate and maintain Malaysia's National Single Window for Trade Facilitation System.
- Sunview Group and Cypark Resources: Formed a consortium to develop a 99.99 MW solar photovoltaic plant in Negeri Sembilan.
- Luxchem Corporation's Land Purchase: Luxchem Corporation entered into sale and purchase agreements to purchase three parcels of land in Klang, Selangor.
- Cape EMS and Shanghai Sermatec: Signed a strategic cooperation agreement to localize battery energy storage solutions in Malaysia.
- Inta Bina Group Bhd and YKGI Holdings Bhd: Signed a memorandum of understanding to form a joint venture to develop a 99.99 MW solar photovoltaic plant in Kulai, Johor.
- Magni-Tech Industries Bhd: Received a letter of intent from the Johor Energy, Green Technology and Water Committee for a 99.99 MW solar photovoltaic plant in Johor.

References

[1] https://theedgemalaysia.com/node/769158
[2] https://www.thestar.com.my/business/business-news/2025/09/03/malakoff-solarvest-consortium-shortlisted-for-perak-lsspv-project
[4] https://www.nst.com.my/business/corporate/2025/09/1269898/samaiden-led-consortium-bags-9999mw-large-solar-project-johor