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--RM 43 BILLION TNB MARKET--
In a research note, CGS International Securities Malaysia Sdn Bhd said the CAGR was driven by the RM43 billion allowed capital expenditure (capex), nearly twice the average spent over the past three RPs. https://www.thestar.com.my/business/business-news
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KUALA LUMPUR, 16 JANUARY 2026 – MN Holdings Berhad (“MN Holdings” or the “Group”), a leading
infrastructure utilities construction and engineering solutions specialist in Malaysia, announced that its wholly owned subsidiary, MN Utilities Engineering Sdn Bhd (“MNUE”), has accepted four Letters of Appointment
(“LOAs”) with a total contract value of RM122.7 million for supply and install of substation equipment for data
centre projects in Central and Southern Peninsular Malaysia.
KUALA LUMPUR: MN Holdings Bhd's unit, MN Utilities Engineering Sdn Bhd, has secured a RM216 million contract to design and build a consumer substation for a data centre in the southern region
KUALA LUMPUR: MN Holdings Bhd's unit, MN Power Transmission Sdn Bhd, has secured two contracts worth a combined RM245.4 million to build consumer landing station facilities for two data centres in the southern region.
MN Holdings has secured RM720 million in new contracts in the financial year to date, which exceeded expectations, and the company is expected to add new jobs worth RM1 billion in the next 12 months ending June 2027, according to Phillip Capital’s forecasts.