SD Guthrie Gets RM68.01m Top-Up as DNeX, MISC Deals Land

Quick Answer: SD Guthrie Bhd settled its five-year dispute with the Penang Development Corporation, securing an extra RM68.01 million and lifting total payout to RM241 million. On Oct 9, DNeX agreed to a RM100 million investment in its semiconductor holding company after a global settlement with Tethystronics. Both deals give shareholders clearer visibility on cash and capital, and they sit among 12 listed companies in today’s Bursa Malaysia corporate announcements.

Bursa Malaysia corporate announcements on Oct 9 ranged from land compensation to semiconductor funding, takeovers and sukuk programmes. This roundup breaks down the numbers for 12 listed companies, from SD Guthrie (SDG) to Al-‘Aqar Healthcare REIT (ALAQAR).

Why Did SD Guthrie Get Another RM68.01 Million From PDC?

sd-guthrie-dnex-batu-kawan-mkh-misc Bursa Malaysia corporate announcements — Corporate announcements from SD Guthrie, DNeX, Batu Kawan and MKH on Bursa Malaysia

SD Guthrie Bhd resolved its five-year legal dispute with the Penang Development Corporation (PDC) over the compulsory acquisition of its Byram Estate lands in Seberang Perai Selatan.

The group secured an additional RM68.01 million for 18 parcels totalling about 380 acres that PDC acquired in 2020, raising total payout to RM241 million.

The agreement also unfreezes RM37.52 million in compensation previously held by the land administrator.

What Is DNeX’s RM100 Million SilTerra Settlement?

Dagang NeXchange Bhd (DNEX) reached a global settlement with Chinese partner Tethystronics Technologies Co Ltd (TTCL) over disputes involving semiconductor foundry SilTerra Malaysia Sdn Bhd.

TTCL’s unit Mimastronics Technologies Co Ltd (Mimas) will subscribe for 5,000 redeemable convertible preference shares (RCPS) in DNeX Semiconductor Sdn Bhd (DSSB) at RM20,000 each, a RM100 million investment.

DSSB holds 60% of SilTerra, while Mimas holds the remaining 40%. If the RCPS are fully converted, Mimas would hold about 33.33% of DSSB’s enlarged ordinary share capital.

Has Batu Kawan Lifted Its MKH Stake to 96.73%?

The unconditional mandatory takeover offer by Batu Kawan Bhd (BKAWAN) for MKH Bhd (MKH) closed on Thursday, lifting its stake in the property developer to 96.73%.

Bursa Securities will suspend trading in MKH shares upon expiry of five market days from the extended closing date, effective from 9am on Oct 16.

What Did MISC Win From PETRONAS LNG?

MISC Bhd (MISC) secured long-term charter contracts for five new liquefied natural gas (LNG) carriers from PETRONAS LNG Ltd, an indirect unit of Petroliam Nasional Bhd (PETRONAS).

Each vessel carries a firm 20-year charter period, with operations expected to commence in 2030. The contract value was not disclosed, and MISC signed shipbuilding contracts with China’s Hudong-Zhonghua Shipbuilding (Group) Co Ltd for all five vessels.

How Big Is GDB’s RM81.6 Million Construction Deal?

GDB Holdings Bhd (GDB) plans to acquire a 51% stake each in Bina Tegas Sdn Bhd and BT Borneo Engineering Sdn Bhd for a total consideration of RM81.6 million.

The deal is funded by RM40.8 million in cash and RM40.8 million via 96.91 million new GDB shares at 42.1 sen each, as the group diversifies into property development.

What Were the Other Bursa Malaysia Corporate Announcements on Oct 9?

Exsim Hospitality Bhd (EXSIMHB): secured a RM15.6 million subcontract from a unit of Nestcon Bhd (NESTCON) for building services and general building works, due for completion on Oct 31, 2028, followed by a 27-month defect liability period.
Cyberjaya Education Group Bhd (CYBERE): buying 24,777 sq m of vacant freehold commercial land in Sepang for RM15 million cash to support university expansion.
Life Water Bhd (LWSABAH): acquiring a 1.21-hectare industrial property at KKIP Selatan, Kota Kinabalu Industrial Park, from Kee Foh Haw Sdn Bhd for RM15 million. The built-up area is about 1,793 sq m and will be used as a warehouse.
MTAG Group Bhd (MTAG): proposing an indicative RM13.8 million cash acquisition of LH Label (M) Sdn Bhd and LH Labelprint Sdn Bhd from Khor Chun Chuan, under a letter of intent.
UWC Bhd (UWC): dropped its plan to use RM80.46 million of its RM384.13 million private placement for debt repayment. Factory expansion and working capital now total RM230.13 million, roughly 60% of proceeds.
Al-‘Aqar Healthcare REIT (ALAQAR): lodged two sukuk programmes, an Islamic notes issuance of up to RM3 billion and Islamic commercial papers of up to RM300 million, under an aggregate limit of RM3 billion rather than RM3.3 billion.

Key Takeaways

SD Guthrie’s PDC settlement brings total payout to RM241 million and unfreezes RM37.52 million.
DNeX’s RM100 million RCPS deal would give Mimas about 33.33% of DSSB if fully converted.
Batu Kawan’s stake in MKH stands at 96.73%, with MKH shares suspended from 9am on Oct 16.
MISC’s five LNG carriers carry 20-year charters starting in 2030, though the contract value is undisclosed.
Investors may want to watch UWC’s 60% expansion allocation and Al-‘Aqar’s RM3 billion aggregate sukuk limit.

Readers tracking announcements like these can compare them with AI Stock Analysis for Malaysians. Disclaimer: This article is for information only and is not investment advice. Do your own research before making any investment decision.

Frequently Asked Questions

How much did SD Guthrie receive from the PDC land settlement?

SD Guthrie secured an additional RM68.01 million from the Penang Development Corporation, lifting total payout to RM241 million. The compensation covers 18 parcels of about 380 acres acquired in 2020.

What is DNeX’s stock code on Bursa Malaysia?

DNeX trades under the code DNEX, and its full name is Dagang NeXchange Bhd. Its settlement with Tethystronics paves the way for a RM100 million investment in DNeX Semiconductor Sdn Bhd.

When will MKH shares be suspended after Batu Kawan’s takeover offer?

Bursa Securities will suspend MKH trading upon expiry of five market days from the extended closing date, effective from 9am on Oct 16. Batu Kawan’s stake in MKH rose to 96.73% when the offer closed.

How much is MISC’s LNG charter contract worth?

MISC did not disclose the contract value for its five new LNG carriers from PETRONAS LNG Ltd. Each vessel has a firm 20-year charter period, with operations expected to commence in 2030.

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