SKYWORLD DEVELOPMENT RECEIVES UNANIMOUS SHAREHOLDER’S APPROVAL TO PROCEED WITH PENANG JOINT DEVELOPMENT AND PREFABRICATED MANUFACTURING VENTURE
SkyWorld Development Berhad announced today that both resolutions tabled at its Extraordinary General Meeting were approved, paving the way for a joint development with Penang Development Corporation and a strategic business diversification into modular construction. The RM13 billion development in Penang is set to strengthen SkyWorld’s northern footprint, while the collaboration with Singapore’s Teambuild Holding marks a key move towards enhancing construction efficiency and supporting the delivery of quality, affordable homes
RESERVOIR LINK CLENCHES SECOND O&G CONTRACT WIN FOR 2025 FROM ENQUEST PETROLEUM
BINASTRA TO ACQUIRE 40.8% EQUITY INTEREST WITH A CALL OPTION TO INCREASE TO 51% EQUITY INTEREST IN LF LANSEN
Binastra Corporation Berhad will acquire up to 51% of LF Lansen Sdn. Bhd. for up to RM 44.8 million. Stage 1 sees a RM 15 million investment for a 40.8% stake, with a call option to hit 51% by 31 December 2025. A performance‑linked earn‑out (up to RM 21.2 million) rewards the vendor if profit targets are met over three years. LF Lansen, a CIDB G7 contractor in thermal energy storage and data‑centre buffer tanks, holds a RM 43 million order book. Completion is expected in H2 2025.
RESERVOIR LINK SECURES WORK ORDER FOR LIGHT WEIGHT WELL TESTING SERVICES
Reservoir Link Energy Bhd’s subsidiary, Reservoir Link Sdn Bhd, has won a Petronas Carigali work order for lightweight well testing services, potentially worth up to RM 40 million. The scope covers personnel mobilisation, advanced testing technology, equipment upkeep and logistics. “We’re honoured by Petronas Carigali’s trust,” said Executive Deputy Chairman Thien Chiet Chai. “We remain committed to delivering reliable solutions to Malaysia’s upstream energy sector
3REN PARTNERS WITH WAWASAN OPEN UNIVERSITY TO EXPLORE WORK BASED LEARNING EDUCATION PROGRAMMES
3REN Berhad, via its subsidiary Sophic Automation, has signed an MOU with Wawasan Open University to launch a work-based learning programme. The partnership aims to equip students with real-world industry experience while supporting 3REN’s long-term talent development goals.
T7 GLOBAL SECURES EPCC CONTRACT FOR REMOTE OPERATIONS FROM PETRONAS
T7 Global Berhad has been appointed by PETRONAS Carigali as a panel contractor for EPCC of remote operations for five years. Through its subsidiary, Tanjung Offshore Services, T7 will support PETRONAS’s push for digital transformation in offshore assets.
SKYWORLD DEVELOPMENT MARKS FORAY INTO PREMIUM DEVELOPMENT WITH RM110 MILLION MONT KIARA LAND DEAL
SkyWorld Development Berhad has acquired a 3.032-acre freehold land parcel in Mont Kiara for RM110 million. The land will be developed into a high-end residential project, marking the Company’s entry into the premium segment and reinforcing its position in Kuala Lumpur’s upscale property market.
NEXTGREEN IOI PULP PARTNERS XIAMEN C&D TO DEVELOP MALAYSIA’S FIRST 150,000MT INTEGRATED PULP PRODUCTION FACILITY
Nextgreen Global Berhad and Xiamen C&D Paper & Pulp are jointly developing a RM900 million pulp facility in Pekan, Pahang. Using palm biomass, the plant will produce 150,000 MT of pulp annually, driving green growth in the ECER Special Economic Zone.
KEYFIELD ENTERS CABLE LAYING BUSINESS VIA ACQUISITION OF DP2 CABLE LAYING BARGE, SECURES IMMEDIATE CHARTER
Keyfield International Berhad has acquired a DP2 cable-laying barge, Keyfield Blessing, for USD20.55 million. The vessel will be chartered to Dejing Group for a submarine cable project in Saudi Arabia, marking Keyfield’s entry into the renewable infrastructure space.
BINASTRA ENTERS JOHOR BAHRU MARKET WITH FIRST TWO MAJOR CONTRACT WINS WORTH RM458.5 MILLION FROM EXSIM
Binastra Corporation Berhad has secured two contracts worth RM458.5 million from Exsim Kebun Teh Sdn. Bhd., marking its debut in Johor Bahru. Located along Jalan Kebun Teh, the projects reinforce Binastra’s regional expansion and long-term partnership with EXSIM.
