Several Malaysian companies disclosed significant developments on October 23 underscoring broad momentum ahead. Advancecon Holdings Bhd secured two contracts worth RM25.1 million from Sime Darby Property (Bukit Raja) Sdn. Bhd. for earthwork and related works at Bandar Bukit Raja 2 in Selangor. Hengyuan Refining Company Bhd raised RM234 million through a rights issue that was oversubscribed by 122.88 %.
Master Tec Group Bhd’s 51% subsidiary was awarded a RM10.68 million electrical subcontract job, boosting its outstanding order book. Glomac Bhd announced plans to launch approximately RM324 million of new residential developments in FY2026. MST Golf Group Bhd set up operations in Thailand with capital of RM13.6 million.
And global brewer Heineken NV unveiled a five-year strategy, targeting mid-single-digit annual organic net revenue growth through 2030, aided by AI efficiency and cost savings.
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