29 11 月, 2022

Genetec’s Q2FY2023 Performance Remains on Track

BANGI, Malaysia, Nov 29, 2022 - (ACN Newswire via SEAPRWire.com) - Technology leader in providing fully customised, intelligent manufacturing automation solutions, Genetec Technology Berhad announced their quarterly performance to date for their second financial quarter for the financial year ended 31 March 2023 (Q2FY2023). The Company recorded a surge in its profit after tax (PAT) of RM25.7 million representing a 57.7% jump compared to RM16.3 million registered for the corresponding quarter of the preceding year due to higher revenue and managed cost.Genetec registered RM28.0 million in profit before tax (PBT) for the quarter under review, which is 59.1% higher than the PBT of RM17.6 million recorded for Q2FY2022 while revenue of RM70.7 million is 19.2% higher than the RM59.3 million posted in Q2FY2022. Earnings per share stood at 3.59 sen (fully diluted) in the same quarter compared to EPS of 2.33 sen in the corresponding quarter.Genetec highlighted, "On the macro level, 2022 continues to be an exciting year. We have been building on our momentum and diversifying our portfolio in electric vehicle (EV) and energy storage segments. These efforts are yielding results which will come through in the coming quarters. All segments in our portfolio continue to grow with segment contributions remaining consistent with the preceding quarter. Genetec remains focused to build on and deepen our share-of-wallet with existing clients. Efficiency, quality and flexibility continue to be key whilst we actively participate in new bids to expand our client list. With the additional 100,000 square feet (sf) floor space, we are adding capacity to cater to our growing pipeline."Their recent exclusive collaboration with diversified infrastructure and energy conglomerate, Citaglobal Berhad will see Genetec supplying end-to-end battery energy storage management systems (BESS) solutions to designated project sites in different states across Malaysia over a multi-year period. The Company's role covers research and development, design and build and on-site installation and maintenance."Looking ahead, the world's efforts to halve its carbon footprint by 2030 and achieve its net zero carbon target by 2050 will drive energy convergence and investments in renewable energy (RE) technology. New energy storage capacity is expected to be added globally between 2022 and 2030 as companies and countries transition towards clean or RE. Expectations are for RE to provide 65% of the world's total electricity supply by 2030, with a massive 90% decarbonisation of the power sector by 2050[1]. By the end of the decade, United States and China are expected to continue to be the two biggest markets, accounting for more than half of all RE storage installations worldwide[2]. On the EV sector, we will continue to expand our performance and increase our capacity to achieve new heights", highlighted Genetec.About Genetec Technology BerhadGenetec Technology Berhad is a technology leader in providing customised full turnkey smart factory automation manufacturing lines. It is a public company listed on the ACE Market of Bursa Malaysia Securities Berhad (Stock code: 0104) since 2005. Its principal business focus is in the provision of high-quality, responsive and cost-effective designs, as well as the manufacturing of automated industrial systems, equipment and value-added services for our global customers in the Electric Vehicle (EV), Automotive, Hard Disk Drive (HDD), Consumer Goods and Healthcare sectors. For more information on Genetec, please visit www.genetec.net.[1] Source: Energy Outlook 2023, United Nations https://www.un.org/en/climatechange/raising-ambition/renewable-energy[2] Source: Global Energy Storage Market to Grow 15-Fold by 2030. https://tinyurl.com/mw6tzuk6 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

14 10 月, 2022

Samaiden Group Signs Partnership Agreement with Taiwan-based Monitoring Solution Provider Thingnario

PETALING JAYA, Malaysia, Oct 14, 2022 - (ACN Newswire via SEAPRWire.com) - Samaiden Group Berhad (Bursa: SAMAIDEN, 0223), a clean energy solution specialist principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power, is pleased to announce that the Group's wholly-owned subsidiary, Samaiden Sdn Bhd, has signed a partnership agreement with Thingnario Ltd. today, to explore the opportunity in providing telemetry monitoring system support to the Renewable Energy (RE) as well as the Energy Efficiency (EE) businesses of Samaiden Group within Malaysia.Mr. Fong Yeng Foon，Executive Director of Samaiden Group Berhad; IR Chow Pui Hee, Group Managing Director of Samaiden Group Berhad; Mr. Andy Hong Min Ping, Regional Manager, South Asia, of Thingnario Ltd; Mr. Lin Han Ting, Regional Manager, South Asia, of Thingnario Ltd [L-R]Artificial Intelligence (AI) based system provider, Thingnario, is a company founded in 2016 and headquartered in Taipei, Taiwan. It owns the "Photon" intelligent solar monitoring system that has successfully served 3,500 sites with an aggregate capacity of 1.5GW across 10 countries in 2022.Group Managing Director of Samaiden, Ir. Chow Pui Hee said, "We're looking forward to the collaboration with Thingnario for the excellence it gives to our Operation and Maintenance (O&M) works. As part of the Group's digitalisation plan, we strongly believe the support from Thingnario can facilitate our transformation in this area smoothly. We're very optimistic that we can provide effective and efficient solutions to our customers for performance optimisation and improve their return of investment."Chief Operating Officer of Thingnario, William Kao said, "We are looking forward to working with Samaiden to provide businesses with a technology that can help them manage plant operations and maintenance more efficiently without the hassle. More importantly, we are confident that our software will play a vital role in addressing Samaiden's needs in a world where AI, Internet of Things and machine learning is assisting in every aspect of business and life."In order to align the direction of the Group, Samaiden recently launched the Samaiden Energy Efficiency Solutions named "SEE" Solutions in conjunction with the International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM) event held from 12-14 October 2022 at KLCC Convention Centre as the Group embarks on its Energy Efficiency business. SEE Solutions is a program mainly focusing on energy saving measures to reduce the electricity consumption by the commercial & industrial owners. SEE Solutions consists of two pillars of solutions which are Energy Assessment and Energy Optimisation. The purpose is to assist business owners to identify the major and minor consumption in their premises. By unlocking the awareness on energy consumption, the potential energy savings in premises will also be unlocked via implementation of the SEE Solutions.Samaiden Group Berhad: 0223 [BURSA: SAMAIDEN], https://samaiden.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

15 9 月, 2022

Sarawak Consolidated Industries Berhad Appoints Directors

KUCHING, MALAYSIA, Sep 15, 2022 - (ACN Newswire via SEAPRWire.com) - Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) is pleased to announce the redesignation of Mr. Ku Chong Hong as Executive Director and the appointments of En. Mohd. Shakir bin Shahimi and En. Nuraiman Shaiful bin Annuar as Independent Non-Executive Directors (INED), effective today.Group Managing Director and Chief Executive Officer of SCIB, Encik Rosland bin OthmanMr. Ku Chong HongEn. Mohd. Shakir bin ShahimiEn. Nuraiman Shaiful bin AnnuarMr. Ku, who was appointed to the board of directors on 17 March 2022 as an INED, has experience in audit and assurance, and business advisory-related fields through various local and international companies involved in a range of industries from property and construction to software.En. Mohd. Shakir will replace Ku as chairman and member of the audit committee. A chartered accountant, he graduated with a degree in accountancy from Universiti Utara Malaysia and is a member of the Malaysian Institute of Accountants. He was an auditor with Arthur Andersen & Co and has experience auditing public-listed and privately-held companies. He is currently an audit manager with Khairuddin Hasyudeen & Razi. He is also an INED with Bintai Kinden Corporation Berhad, where he is chairman of the nomination, remuneration and risk management committees as well as member of the audit committee.En. Nuraiman has attended the International Bachelor of Business Administration Programme from Hult International Business School, London United Kingdom in year 2017. He has experience in the oil and gas as well as construction fields. He holds directorships in Hipro Technologies Ltd and Petro Flanges and Fittings Sdn Bhd.Group Managing Director and Chief Executive Officer of SCIB, Encik Rosland bin Othman, said, "We welcome En. Mohd Shakir and En. Nuraiman aboard and look forward to their guidance and advice. Their experience and knowledge will be a good addition to the board while enhancing our governance decision-making structure. We would also like to congratulate Mr. Ku in his redesignation as Executive Director. His insights and knowledge will be invaluable in helping us grow the Company."About Sarawak Consolidated Industries BerhadSarawak Consolidated Industries Berhad (SCIB) was founded in 1975 and has evolved from a small enterprise into a reputable Group of companies listed on the Main Market of Bursa Malaysia Securities Berhad. Currently, SCIB is operating three factories in Kuching, Sarawak, one factory in the Pending Industrial Estate and two factories in the Demak Laut industrial park.SCIB is well known for professional management and has long history of innovative ideas and technological advances. Coupled with its wealth of experience and research acquired in more than three decades, SCIB offers its clients in-depth expertise through a combination of technology, efficiency and speed. For more information, visit scib.com.my.Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

20 7 月, 2022

UCrest Partners with Malaysian Genomics to Digitalize Genome Services Worldwide

PETALING JAYA, Malaysia, Jul 20, 2022 - (ACN Newswire via SEAPRWire.com) - UCrest Berhad (ACE Market: 0005) and Malaysian Genomics Resources Centre Berhad, (ACE Market: 0155) announced today that they have signed a collaborative agreement to integrate genomic testing services into digital health platform, iMedic(TM), elevating healthcare services to the next level.Dato' Dr. Mohd Fikri bin Abdullah, Independent Director of UCrest Berhad; Mr. Eg Kah Yee, Chairman and Managing Director of UCrest Berhad; En. Sasha Nordin, Chief Executive Director, Malaysian Genomics Resource Centre Berhad; Dr. Eunice Pui Wan Wen, Head of Medical Affairs, Malaysian Genomics Resource Centre Berhad[L-R]Dato' Dr. Mohd Fikri bin Abdullah, Independent Director of UCrest Berhad; Mr. Eg Kah Yee, Chairman and Managing Director of UCrest Berhad; En. Sasha Nordin, Chief Executive Director, Malaysian Genomics Resource Centre Berhad; Dr. Eunice Pui Wan Wen, Head of Medical Affairs, Malaysian Genomics Resource Centre Berhad[L-R]Under this agreement, a virtual genome service centre will be developed on iMedic platform enabling the genomic testing services of MGRC to be made available to the hospitals and clinics (B2B), widening its market access not just in Malaysia, but globally. Additionally, the genomic testing services will also be made available to patients directly (B2C). Patients' genomic data from their test results will be integrated into Electronic Medical Records (EMR) making it accessible by doctors and patients in the process of consultation and management, resulting in improved accuracy in diagnosis and treatment.UCrest is the leading technology provider of digital health platform with offices in Malaysia, Singapore, China and Taiwan providing access to thousands of doctors, including many from the leading hospitals in the United States and China, to provide online consultation and management of patients anywhere in the globe.Malaysian Genomics is a leading genomics and biopharmaceutical company in ASEAN for genome sequencing, bioinformatics analysis, and genetic screening, and various types of immunotherapy including CAR T-Cell therapy for the treatment of certain cancers.The global genomics market size was valued at US$20.1 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 15.35% from 2021 to 2028. The Asia Pacific genome sequencing market will grow by 15.6% annually over 2022-2030 due to growing government funding initiatives in genomics projects related to cancer treatment and the utilization of genomics in personalized medicine targeting chronic disease prevention and management.Mr. Sasha Nordin, Chief Executive Officer of Malaysian Genomics, said, "We are looking forward to working with UCrest as its iMedic platform will provide us an opportunity to reach out to markets beyond Malaysia. The platform will also enable us to strengthen our B2B and B2C channels. This collaboration can play an important role in providing physicians with easy access to the latest in genetic screening, in support of enhancing their medical practice and improving patient outcomes.""This partnership with Malaysian Genomics allows us to enhance our vision of integrating preventive and precision medicine into iMedic where genome data will empower the patients to better prevent and manage the chronic diseases with the online consultation of doctors," said Mr. Eg Kah Yee, Chief Executive Officer of UCrest. "Cancer, Cardiovascular Diseases (CVD), diabetic, asthma, sleep apnea and many other chronic diseases can be prevented, managed or treated more effectively with the addition of the genome services," he added.Malaysian Genomics Resource Centre Berhad: 0155 [BURSA: MGRC] [RIC: MGRC:KL] [BBG: MGRC:MK], http://www.mgrc.com.my/UCrest Berhad: 0005 [BURSA: UC] https://www.ucrest.net/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

7 7 月, 2022

Seng Fong Holdings Berhad Debuts on Main Market of Bursa Malaysia

KUALA LUMPUR, Jul 7, 2022 - (ACN Newswire via SEAPRWire.com) - Seng Fong Holdings Berhad, a rubber processor producing and trading Standard Malaysia Rubber and premium grade block rubber, made a successful debut on the Main Market of Bursa Securities Malaysia Berhad, opening at RM0.75 per share with an opening volume of 10.8 million shares, which is the same as the initial public offering (IPO) price of RM0.75 sen per share.Seng Fong's market capitalisation at listing is RM389.22 million, and the Company was listed under the stock name, SENFONG and stock code, 5308.The Chairman of Seng Fong, Mr. Ng Ah Bah @ Kok Yee, thanked the Securities Commission Malaysia, Bursa Securities, Hong Leong Investment Bank Berhad (HLIB) and other professionals involved in the IPO, and highlighted that the listing provides the Company the opportunity to realise its immediate objectives as well as investing in environmental, social, and governance (ESG) initiatives."Going forward, we will be well-positioned to capture opportunities arising from the increasing demand from our existing customers as well as from new customers as we ramp up production through the hiring of more people for a second shift and implementing ESG initiatives to make our business more sustainable.""Building a sustainable business also requires the support of our shareholders. Thus, we intend to distribute at least 50% of our annual net profit as dividend to shareholders, subject to the approval of the Board of Directors and shareholders."Block rubber is driven by the automotive industry with approximately 70% of global natural rubber being used for tyre manufacturing. Going forward, the world vehicle sector is anticipated to grow at a 5-year (2021 to 2025) CAGR of 7.03% to 105.0 million units.Seng Fong is raising RM68.1 million from the IPO. From the proceeds, RM19.7 million has been allocated for working capital requirements including purchase of raw materials and the hiring of additional workers; RM37.9 million for the repayment of bank borrowings that include the partial funding for the solar system units, RM6.3 million to fund the installation of the biomass system units and RM4.2 million for listing expenses.The installation of the solar system is estimated to achieve cost-savings of approximately RM2.6 million per annum from electricity costs and a further RM3.5 million per annum from diesel costs through the installation of the biomass system.For the financial year ended 30 June 2021, the Company's export market share of block rubber stood at 11.8% based on its export output of 121,404 metric tonnes ("MTS") against the country's total export volume for block rubber of 1.03 million MTS in 2021. Seng Fong's revenue is almost entirely derived from exports, with the primary markets being China, Hong Kong, Singapore, and Taiwan.The block rubber produced by Seng Fong are sold directly to end-user customers, majority are tyre manufacturers, and are also sold to international rubber traders. Block rubbers which are sourced from international rubber traders and/or natural rubber processors, for trading purposes, are sold to tyre manufacturers.HLIB is the Principal Adviser, Underwriter and Placement Agent for the IPO.Seng Fong Holdings Bhd: http://sengfongholdings.com/Pictured (from left):- Mr. Phang Siew Loong, Head of Equity Markets, Hong Leong Investment Bank Berhad- Mr. Shim Choon Lim, Co-head of Corporate Finance, Hong Leong Investment Bank Berhad- Ms. Lim See Tow, Independent Non-Executive Director, Seng Fong Holdings Berhad- Mr. Jimmy Er Tzer Nam, Non-Independent Executive Director- Mr. E Tak Bin, Non-Independent Executive Director, Seng Fong Holdings Berhad- GONG -- Mr. Er Hock Lai, Managing Director, Seng Fong Holdings Berhad- Mr. Ng Ah Bah @ Kok Yee, Independent Non-Executive Chairman, Seng Fong Holdings Berhad- Ms. Lee Jim Leng, Group Managing Director/Chief Executive Director, Hong Leong Investment Bank Berhad- Ms. Lim May Wan, Independent Non-Executive Director, Seng Fong Holdings Berhad- Mr. Chong Yeaw Kiong, Independent Non-Executive Director, Seng Fong Holdings Berhad( https://www.acnnewswire.com/topimg/Low_SengFong2022707.jpg ) Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

30 6 月, 2022

Leon Fuat Berhad Shareholders Vote to Pass All Resolutions at AGM

Shareholders also approved a final single-tier dividend of 2.0 sen per share for FY2021 SHAH ALAM, Malaysia, June 28, 2022 – (ACN Newswire) – Leon Fuat Berhad, a manufacturer and trader of steel products, specialising in rolled long and flat steel products, is pleased to announce that shareholders have passed all resolutions at the Group’s 15th AGM held today. Mr. Calvin Ooi Shang How, Executive Director of Leon Fuat Shareholders passed a resolution approving a final single tier dividend of 2.0 sen per share for the financial year ended 31 December 2021 (FY2021). Shareholders also voted to re-elect Dato’ Sri Ooi Bin Keong, Mr. Tan Did Heng, Mr. Tan Sack Sen and Dato Lim Cheng Poh as directors as well as to retain Mr. Chan Kee Loin as an independent director. Also retained as independent directors were Did Heng and Sack Sen. Among the other resolutions up for voting, shareholders reappointed Baker Tilly Monteiro Heng PLT as the Group’s auditors and authorised the directors to fix the remuneration of the auditors. Mr. Calvin Ooi Shang How, Executive Director of Leon Fuat said, “We are happy to meet our shareholders again in a physical setting for the 15th AGM after having held the previous AGM virtually. We would like to thank shareholders for their trust and confidence in us as we navigated a challenging FY2021. Our financial performance for the first quarter ended 31 March 2022 was satisfactory despite the decrease in overall gross profit margin.” “We are cautiously optimistic of achieving profitable results for the remaining quarters of FY2022 but would like to point out that the outlook has dimmed considerably with the World Bank having cut global economic growth outlook to 2.9% for this year from the 4.1% growth outlook it had forecast in January 2022. To mitigate risks, the Group will continue to monitor steel prices closely as well as related foreign currencies. We will also take proactive measures such as anticipating price and currency volatility through negotiating forward contracts as well as prudent inventory management.” Leon Fuat Berhad: [BURSA: LEFU] , https://www.leonfuat.com.my/

25 5 月, 2022

CNERGENZ Berhad Lists on ACE Market, Share Price Gains 4.31% to RM0.605 on Debut

KUALA LUMPUR, May 25, 2022 - (ACN Newswire via SEAPRWire.com) - CNERGENZ Berhad (CNERGENZ), an established electronics manufacturing solutions provider based in Penang, has made its debut on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities) under the Technology sector, opening at RM0.605 per share, which is a premium of RM0.025 or 4.31% above the IPO price of RM0.58 per share.Ms. Yeat Soo Ching, Independent Non-Executive Director of Cnergenz; Ms. Alwizah Al-Yafii Binti Ahmad Kamal; Mr. David Lim, Chief Executive Officer of UOB Kay Hian Securities; Mr. Lye Yhin Choy, CEO & Executive Director of Cnergenz; Mr. Kong Chia Liang, COO & Executive Director; Dato' Azman bin Mahmud, Independent Non-Executive Chairman; Mr. Lye Thim Loong, Chief Corporate Officer & Executive Director; Ms. Ooi Ley Ching, Independent Non-Executive Director [L-R]Chairman of CNERGENZ, Dato' Azman bin Mahmud, extended the thanks of the Company to the Securities Commission, Bursa Securities, UOB Kay Hian Securities Sdn Bhd as well as others involved in the IPO exercise, and said, "I would like to thank our investors who have placed their trust and confidence in CNERGENZ, and for their support which has contributed to the success of CNERGENZ's IPO.""I am confident that CNERGENZ will continue its growth trajectory, enhancing its market presence and operations through its future expansion and development plans. We believe that the introduction of CNERGENZ to the stock exchange will bring greater visibility to investors, and highlights the importance of electronics manufacturing solutions in building up an advanced and efficient manufacturing ecosystem in the country, further strengthening Malaysia's position as a global electronics and semiconductor hub."Through its IPO, CNERGENZ has successfully raised RM58.0 million in funds, which are expected to be utilised towards the Company's facility expansion plans, research and development activities, as well as general working capital purposes."I would also like to thank all our suppliers, customers, investors and shareholders, who have made today's listing a possibility and a memorable event." Dato' Azman bin Mahmud added.CNERGENZ is an electronics manufacturing solutions provider, specialising in surface mount technology manufacturing solutions for the electronics and semiconductor industries. CNERGENZ's offers its solutions, ranging from integrated solutions such as production line systems and smart factory solutions, to individual machinery, equipment and tools, to its network of over 100 customers operating within the E&S Industries, such as IDMs, OSATs, EMS and electronic products brand owners.Based in Penang, CNERGENZ's market base is primarily in Malaysia (save for Melaka and Johor), contributing 71.9% to the Group's revenue in the recent financial year ended 31 December 2021, and extends to the Company's overseas markets in Vietnam and Thailand.UOB Kay Hian is the principal adviser, sponsor, underwriter, and placement agent for CNERGENZ's IPO.CNERGENZ Bhd: https://cnergenz.comCNERGENZ Bhd: [BURSA: CNERGENZ] Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

13 5 月, 2022

CNERGENZ Berhad IPO Shares Oversubscribed by 40.32 Times

KUALA LUMPUR, May 13, 2022 - (ACN Newswire via SEAPRWire.com) - CNERGENZ Berhad (CNERGENZ) is pleased to announce that the share allocation to the Malaysian public from its IPO has been oversubscribed by 40.32 times.Chief Executive Officer & Executive Director of CNERGENZ Berhad, Mr. Lye Yhin ChoyCNERGENZ's IPO comprises a public issue of 100,000,000 new ordinary Shares which were made available for application in the following manner:- 25,000,000 Issue Shares available for application by the Malaysian Public;- 10,000,000 Issue Shares reserved for application by the eligible directors and employees as well as persons who have contributed to the success of the CNERGENZ group (Eligible Persons);- 52,750,000 Issue Shares by way of private placement to identified institutional and/or selected investors; and- 12,250,000 Issue Shares by way of private placement to identified Bumiputera investors approved by the Ministry of International Trade and Industry, Malaysia (MITI);and an offer for sale of 50,000,000 Offer Shares by way of private placement to identified Bumiputera investors approved by the MITI.A total of 16,186 applications for 1,033,093,200 Issue Shares were received from the Malaysian Public, representing an oversubscription rate of 40.32 times. A total of 9,089 applications for 376,239,100 Issue Shares were received under the Bumiputera category, representing an oversubscription rate of 29.10 times, whilst a total of 7,097 applications for 656,854,100 Issue Shares were received under the other Malaysian Public category, representing an oversubscription rate of 51.55 times.Meanwhile, the total of 10,000,000 Issue Shares available for application by the Eligible Persons were fully subscribed.Chief Executive Officer of CNERGENZ Berhad, Mr. Lye Yhin Choy, said, "We would like to thank investors for putting their trust in us. We are extremely pleased with the reception to our IPO as it shows deep investor confidence in our business, our solutions capabilities, and the overall optimism and positive outlook of the electronics and semiconductor industry."Chief Executive Officer of UOB Kay Hian Securities (M) Sdn. Bhd., Mr. David Lim said, "The response to CNERGENZ's IPO is a reflection of investors' appetite for businesses with fundamentally strong prospects and solid growth plans. The Company is well-positioned to leverage on the continued growth and investment in the electronics and semiconductor industries in Malaysia, Vietnam and Thailand.UOB Kay Hian, being the Principal Adviser, Sponsor, Underwriter and Placement Agent in conjunction with the IPO, has confirmed that the 52,750,000 Issue Shares by way of private placement to identified institutional and/or selected investors have been fully placed out.The Company is expected to list on the ACE Market of Bursa Securities on 24 May 2022. About CNERGENZ BerhadCNERGENZ Berhad was incorporated in Malaysia on 6 August 2021 as a private limited company under the name CNERGENZ Sdn. Bhd. and assumed its present name upon conversion to public company on 23 September 2021.The Group is principally an investment holding company. Through its subsidiary, SiP Technology Sdn. Bhd., CNERGENZ is an electronic manufacturing solutions provider, specialising in surface mount technology (SMT) manufacturing solutions for the electronics and semiconductor industries (E&S Industries). The Group's solutions and services are typically provided to customers who are looking to commission new integrated production lines or automate their production facilities, based on their operational requirements, budget and capital expenditure. CNERGENZ mainly serves electronics and semiconductor companies that carry out the assembly of the advanced semiconductor packaging products as well as assembly and testing of printed circuit board assembly (PCBAs). For more information, visit cnergenz.com.For more information, please contact: Hakim Syed MunifSwan Consultancy Sdn BhdTel: +60 12-318 5410Email: h.juraimi@swanconsultancy.biz Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

29 4 月, 2022

CNERGENZ Berhad launches Prospectus for ACE Market IPO

KUALA LUMPUR, Apr 29, 2022 - (ACN Newswire via SEAPRWire.com) - Cnergenz Berhad (CNERGENZ), an established electronics manufacturing solutions provider based in Penang, has launched the Company's Prospectus today for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities).Mr. David Lim, Chief Executive Officer of UOB Kay Hian Securities (M) Sdn Bhd; Mr. Kong Chia Liang, Chief Operating Officer & Executive Director of CNERGENZ Berhad; Dato' Azman bin Mahmud, Independent Non-Executive Chairman of CNERGENZ Berhad; Mr. Lye Yhin Choy, Chief Executive Officer & Executive Director of CNERGENZ Berhad; Mr. Lye Thim Loong, Chief Corporate Officer & Executive Director of CNERGENZ Berhad [L-R]Applications for the IPO have opened starting at 10.00 a.m. today following the Prospectus launch and will close on 11 May 2022. The targeted IPO listing date of the Company on the ACE Market is on 24 May 2022. At the IPO price of RM0.58 per share, CNERGENZ will have a market capitalisation of RM288.84 million ahead of its debut.The IPO involves the public issue of 100.0 million issue shares and an offer for sale of 50.0 million offer shares by way of private placement at the IPO price of RM0.58 per share. From the public issue, 25.0 million issue shares will be made available for application to the Malaysian public, 10.0 million shares will be allocated for application by eligible directors and employees as well as persons who have contributed to the success of CNERGENZ Group, 52.75 million shares will be reserved for private placement to identified investors and 12.25 million shares will be reserved for private placement to identified Bumiputera investors approved by the Ministry of International Trade and Industry, Malaysia (MITI).The IPO is expected to raise gross proceeds of RM58.0 million and shall primarily be channelled towards the Group's expansion of its operational facility, as well as research and development expenditure and working capital purposes.CNERGENZ is an established electronics manufacturing solutions provider specialising in surface mount technology (SMT) catering to the electronics and semiconductor industries (E&S Industries) in Malaysia, Thailand and Vietnam. The Group has an established track record in providing integrated solutions that suit the evolving nature and changing technological landscape of the E&S Industries since the commencement of its business in 2004.Chief Executive Officer of CNERGENZ Berhad, Mr. Lye Yhin Choy, said, "We are elated to have reached a new milestone with the Prospectus launch today, bringing us a step closer towards becoming a listed entity on the ACE Market of Bursa Securities. Having been in the E&S space since 2004, our listing is in line with our growth plans and strategies to scale up our operations, expand our integrated solutions and smart factory solutions offerings and develop our own proprietary range of solutions."Chief Executive Officer of UOB Kay Hian Securities (M) Sdn. Bhd. (UOB Kay Hian), Mr. David Lim said, "We are pleased that the interest among institutional and selected investors, as well as MITI Bumiputera institutional and individual investors have been encouraging with many indicating strong interest to subscribe for the IPO."UOB Kay Hian is the principal adviser, sponsor, underwriter, and placement agent for CNERGENZ's IPO.CNERGENZ Bhd: https://cnergenz.comCNERGENZ Bhd: [BURSA: CNERGENZ] Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

25 4 月, 2022

G3 Global Berhad and China Partners Remain Committed to Furthering Malaysia’s Digital Economy Blueprint

KUALA LUMPUR, Apr 25, 2022 - (ACN Newswire via SEAPRWire.com) - G3 Global Berhad (G3 or the Company), a developer of artificial intelligence (AI) and other information technology (IT) - based solutions for various industries, remains committed to the vision of the Memorandum of Understanding (MoU) with SenseTime Group Ltd (SenseTime) and China Harbour Engineering Company Ltd (CHEC) for the development of an AI Park.Dirk Quinten, Managing DirectorThe MoU, which was signed on 26 April 2019, expires today.Managing Director of G3, Mr. Dirk Quinten, said, "G3 will continue to focus on its AI and other IT-based solutions to grow the business. The parties to the MoU noted that the landscape for the development of the originally anticipated AI Park has changed and that the project may have to take on a new form.""G3 as well as SenseTime and CHEC remain keen to work together on large-scale AI & IT projects that are sustainable over the longer term. We have been exploring and discussing concepts that leverage on each other's strengths and expertise, whilst considering Malaysia's AI roadmap and strategic position at the same time."The Company will make the necessary announcements to Bursa Malaysia Securities Berhad as and when there are further developments on these discussions.G3 Global: https://g3global.com.my/G3 Global: 7184 / [BURSA: G3G] [RIC: GLOA:KL] [BBG: G3G:MK] Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

18 4 月, 2022

PLS Plantations rated Silver3 by RAM Sustainability

KUALA LUMPUR, Apr 18, 2022 - (ACN Newswire via SEAPRWire.com) - PLS Plantations Berhad today announced their receipt of Silver3 ratings by RAM Sustainability for its principal plantations and trading segments, reflecting some gaps and the early stages of the Company's ESG practices that are crucial for reforestation and plantation-related sectors.The sustainability ratings by RAM Sustainability, a leading provider of independent ESG analytics, captures the Company's corporate sustainability performance based on all the environmental, social and governance (ESG) themes, as well as relevant international and domestic guidelines by Bank Negara Malaysia's (BNM) Climate Change and Principle-based Taxonomy (CCPT).PLS Plantations' Independent Non-Executive Chairman, Tan Sri Nazir Razak said, "This rating sets the baseline for the Company, in providing clear forward strategy in terms of our priorities and focus areas, across our business and operations, especially in areas for improvement. Equally as important, it offers our stakeholders - investors, regulators, business partners, suppliers, and clients - an objective and transparent assessment of our commitment to sustainability and responsibility as a reliable supplier, business partner, and an employer. PLS Plantations is working hard to execute against our strategy towards becoming Malaysia's leading sustainable, agrofood provider in the coming years."RAM Sustainability's Chief Executive Officer, Promod Dass said, "PLS Plantations is establishing a starting point for its ESG journey by subjecting itself to the rigors of a sustainability rating and positioning that transparency is a priority even though it points to its high ESG risk profile - for this it must be commended, and we look forward to monitor its sustainability progress. We hope that this will set a precedent for more companies to embark on their sustainability journey and aspire to achieve the highest ratings."As part of the Company's turnaround journey, PLS demonstrates strong commitment to expand on its corporate governance framework and policies, especially in areas of sustainability governance, pending a dedicated group-wide framework and policies to govern the Company. As a Public-Private-Partnership (PPP), PLS Plantations' vision is to contribute to the nation's food security and positive socioeconomic impact through initiatives in supporting local farmers, specifically the B40 and indigenous communities. The Company commits to produce quality products and services evidenced by the various certifications obtained such as the Malaysian Sustainable Palm Oil (MSPO) Certification for its plantation segment. The Company's trading business has received Good Manufacturing Practices (GMP), Malaysia Good Agricultural Practices (myGAP), HALAL and Hazard Analysis Critical Control Point (HACCP) certifications, among others and has dedicated policies to manage human resource and human rights including the Good Social Practices Policy, Occupational Safety and Health Policy, Child Labour Policy and Sexual Harassment Policy.For more information, or to download the complete the PLS Plantation's RAM Sustainability rating report, please click here. https://www.ram.com.my/pressrelease/?prviewid=5964About PLS Plantations BerhadPLS Plantations was incorporated in Malaysia in 1987 and was listed on the Second Board of Kuala Lumpur Stock Exchange in 1994. Currently listed on the Main Board of Bursa Malaysia Securities Berhad, PLS and its subsidiaries are involved in the management and operation of forest, oil palm and durian plantations, as well as the processing, distribution and sale of durian products.Forward-Looking StatementsThe statement included in this press release, other than statements of historical facts, are forward-looking statements. Forward-looking statement generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "plan," "seek," or "believe." These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations about future event. There are important factors that could cause our actual results, level of activity, performance, or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statement, including, but not limited to our ability to win additional business. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future result, level of activity, performance, or achievements. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements apply only as of the date of this press release; as such, they should not be unduly relied upon as circumstances change. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this release or those that might reflect the occurrence of unanticipated events.Media Contact:Cheong Sue FyennNarro CommunicationsE: suefyenn@narrocomms.comT: +6016 910 7625PLS Plantations Berhad: https://plsplantations.my/PLS Plantations Berhad: 9695 / [BURSA: PLS] Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

8 4 月, 2022

RTO of LTKM Berhad via the Acquisition of EMS Business for RM336 Million

KLANG, Malaysia, Apr 8, 2022 - (ACN Newswire via SEAPRWire.com) - LTKM Berhad (LTKM), a leading chicken egg producer, today announced a composite proposal, chiefly to divest the Company's existing business and venture into the business of providing of electronic manufacturing services (EMS) while at the same time, rectify its non-compliance with the public spread requirement of its shares under the listing requirements of Bursa Securities Malaysia Berhad.Chai Voon Sun, co-founder and Managing Director of Local Assembly [L] and Executive Chairman of LTKM, Datuk Tan KokWee Thian Song - Co-founder, Executive Director and Engineering Director of Local Assembly; Gurmakh Singh - Co-founder, Executive Director and General Manager of Local Assembly; Datuk Seri Chiau Beng Teik - Executive Chairman of Chin Hin Group Berhad; Chai Voon Sun - Co-founder and Managing Director of Local Assembly; Datuk Tan Kok - Executive Chairman of LTKM; Tan Kah Poh, Kenny - Independent Director of LTKM; Rahman Ali Bin Abdul Wahab - Director of Proven Venture Sdn. Bhd. [L-R]Executive Chairman of LTKM, Datuk Tan Kok said, "At its core, the proposals seek to reward our shareholders from the proceeds of the disposal of the Company's existing poultry business while at the same time, allow them to continue participating in the new EMS business following the proposals.""The proposed disposal comes amid the challenging operating landscape for the poultry industry brought on by overcapacity, low average selling price of eggs, high raw material prices, difficulty in controlling disease outbreaks in the farms and acute labour shortage. In relation to these challenges, we have also incurred losses in the recent financial years ended 31 March 2020 to 2021 and for the nine-month period ended 31 December 2021. This has affected our ability to pay dividends too.""Concurrent with the proposed disposals, we believe the proposed acquisition of the EMS business is an opportunity to create value for our shareholders through a business that is viable and profitable."Briefly, the proposals comprise the following inter-conditional steps:1. Proposed disposal of LTKM's existing business to Ladang Ternakan Kelang Sdn Bhd (LTKSB) for a total cash disposal consideration of RM158.83 million. LTKSB, which holds 71.6% of the equity interest in LTKM, is also the holding company of LTKM;2. Proposed special dividend and capital repayment of RM1.1098 per LTKM share totalling RM158.83 million on an entitlement date to be determined;3. Proposed consolidation of two existing LTKM shares into one LTKM share following the proposed special dividend and capital repayment;4. Proposed acquisition by LTKM, of 100.0% equity interest in Local Assembly Sdn Bhd (Local Assembly) from Chai Voon Sun, Gurmakh Singh a/l Ajmer Singh, Wee Thian Song, Divine Inventions Sdn Bhd and Proven Venture Sdn Bhd (Vendors) for RM336.00 million to be satisfied through cash of RM100.00 million and the issuance of 393,333,333 new LTKM shares at an issue price of RM0.60 each;5. Proposed restricted issue of 230.00 million new LTKM shares at an indicative issue price of RM0.60 each, representing 33.1% of the enlarged share capital of LTKM after the proposals to investors to be identified;6. Proposed exemption to the vendors and persons acting in concert from the obligation to undertake a mandatory take-over offer to acquire the remaining LTKM shares not already owned by them upon completion of the proposed acquisition; and7. Proposed change of name to "LA Technology Berhad" from "LTKM Berhad".The proposed acquisition will result in a significant change in LTKM's business direction from a producer of chicken eggs to becoming an EMS provider. Local Assembly, an EMS provider, will become a wholly-owned subsidiary of LTKM while the vendors of Local Assembly will become LTKM's controlling shareholders with a 56.6% equity interest in the Company following the proposed acquisition and proposed restricted issue. By virtue of his shareholding in Divine Inventions, Datuk Seri Chiau Beng Teik, the Executive Chairman of Chin Hin Group Berhad, will become a major shareholder of LTKM.Under the proposed acquisition, the vendors have provided a profit guarantee for Local Assembly of a minimum profit after tax (PAT) of RM28.00 million for the financial year ending 31 December 2022 or not less than an aggregate of RM50.00 million PAT for both financial years ending 31 December 2022 and 2023. Based on the guaranteed PAT of RM28.00 million for the financial year ending 31 December 2022, the purchase consideration represents a price to earnings multiple of 12 times.For Chai Voon Sun, co-founder and Managing Director of Local Assembly, the listing of Local Assembly via LTKM means a realisation of 2 decades of hardwork for him and his co-founders and a step forward in the company's journey of growth and expansion. "This transaction is a major milestone for Local Assembly. We look forward to the next phase of our corporate journey as a listed entity, which will further accelerate our growth as an EMS player, allow us to expand our customer base and product offerings and pursue more opportunities" he adds.Local Assembly, which started operations in 2000, is a manufacturer of electronic, electrical and plastic injection moulded components, and sub-contract assembler of electrical appliances and equipment. Its principal markets are Malaysia and Singapore. For the financial year ended 31 December 2022, Local Assembly achieved PAT of RM20.06 million on the back of a revenue of RM116.35 million.The application for the proposals is expected to be submitted to the relevant authorities by the second quarter of 2022. Subject to approvals from relevant parties including Securities Commission, Bursa Securities Malaysia Berhad as well as shareholders of LTKM, the proposals are expected to be completed in the first half of 2023. M & A Securities Sdn Bhd is Adviser to LTKM for the proposals.LTKM Berhad: https://www.ltkm.com.my/LTKM Berhad: 7085 / [BURSA: LTKM] [RIC: LTKM:KL] [BBG: LTKM:MK] Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

4 4 月, 2022

Malaysian Genomics Resource Centre Berhad Awarded Covid-19 Surveillance Contract

PETALING JAYA, Malaysia, Apr 4, 2022 - (ACN Newswire via SEAPRWire.com) - Malaysian Genomics Resource Centre Berhad ("Malaysian Genomics" or "the Group"), a leading genomics and biopharmaceutical specialist, was recently awarded a COVID-19 surveillance contract by the Institute for Medical Research ("IMR"), the biomedical research arm of the Ministry of Health ("MOH"). Malaysian Genomics is one of the private laboratories that IMR has engaged to outsource genome surveillance of SARS-CoV2.Dato' Alvin Nesakumar, Executive Director of Malaysian Genomics Resource Centre BerhadDato' Alvin Nesakumar, Executive Director of Malaysian Genomics, said, "We are pleased to support IMR and MOH in this important effort to monitor the evolution of the COVID-19 virus, its variants and sub-variants. With our expertise and knowledge in genomics and bioinformatics, we can help IMR track and trace the virus for any variants of concern that the Government needs to be informed of as well as prepare for."Malaysian Genomics, whose cell laboratory is the only privately-owned BioSafety Level 2 ("BSL-2") facility in Malaysia with the Current Good Manufacturing Practice ("cGMP") certification, is moving towards becoming a premier healthcare provider through the production of CAR T-cells for cancer immunotherapy for solid cancers, as well as other cell engineering services. BSL-2 and cGMP certifications indicate that a laboratory facility has stringent measures for biocontainment standards and ultra-pure laboratory environments to safely work on human cells.The Group is also ISO 9001:2015, ISO 15189:2014 and ISO 17025:2017 certified under the Integrated Management System.Malaysian Genomics Resource Centre Berhad: http://www.mgrc.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

28 2 月, 2022

G3 Global records highest revenue in Year 2021 on higher COVID-19 test kit distribution solutions

KUALA LUMPUR, Feb 28, 2022 - (ACN Newswire via SEAPRWire.com) - Artificial Intelligence specialist G3 Global Berhad ("G3 Global" or "Group") completed its financial year ended 31 December 2021 ("FY2021") on a positive note as the Group's quarterly revenue surged to the highest level in over 4 years. The stellar performance of its new Healthcare division, where revenue increased by more than 700% quarter-on-quarter ("q-o-q") due to stronger sales of COVID-19 antigen kits, propelled G3 Global closer to its turnaround target.Dirk Quinten, Managing DirectorG3 Global, which also supplies Internet-of-Things (IoT) connected objects and deliver cloud-based data solutions, recorded a revenue of RM18.79 million in the fourth quarter of FY2021, representing a strong growth of more than eight-fold year-on-year ("y-o-y"). The Group had posted a revenue of RM2.29 million in the previous year corresponding quarter.In terms of bottom-line performance, G3 Global registered a loss before tax of RM7.27 million in the fourth quarter of FY2021 as compared to a loss before tax of RM6.97 million a year earlier. The higher amount was due to the ongoing kitchen-sinking exercise undertaken by G3 Global for its Information, Communications and Technology ("ICT") division, especially with regards to items related to past collaborations with Green Packet Berhad. This involved an impairment of RM2.9 million made on the amount owed by Green Packet Berhad for ICT products purchased from G3 Global as well as a write-off of inventories worth RM2.2 million relating to telematics and Internet of Things. Excluding the impairment and write-off, G3 Global would have reported a loss before tax of only RM2.2 million in the fourth quarter of FY2021.As for the 12-month period ended 31 December 2021, G3 Global recorded a 57% jump in revenue to RM23.6 million compared to RM15.03 million previously, mainly driven by the Healthcare division. Meanwhile, the Group's loss before tax has been successfully reduced to RM9.22 million in FY2021, down by 31% y-o-y from RM13.39 million.It is noteworthy that the ICT division's loss from operations in FY2021 declined by 13% y-o-y to RM11.69 million, following the cost-rationalisation exercise undertaken by G3 Global and its subsidiaries. On the other hand, the Healthcare division contributed a profit of RM2.48 million for the financial year ended 2021.Mr. Dirk Quinten, Managing Director G3 Global Berhad said "G3 Global's financial turnaround has picked up steam, especially after the diversification into the healthcare sector through the acquisition of a 51% stake in Bestinet Healthcare Sdn Bhd. The outlook for Bestinet Healthcare remains promising, with orders for 2 million test kits in hand. If the current momentum continues, the Group is on track to return to profitability by Q3, 2022. Given our involvement in COVID-19 antigen kit distribution solutions, G3 Global is a beneficiary of the robust demand for such self-testing kits amidst the spike in coronavirus cases in Malaysia.In addition, with the expected recovery in the Malaysian economy this year, we are also positive that our ICT division will benefit from greater flow of projects. We are already receiving increased queries from existing and prospective clients, and this should translate into an improved performance for the ICT division.Notwithstanding the impact from the current pandemic, the Group will continue to focus on (1) expanding the involvement in the healthcare sector and pursue key ICT projects, (2) increasing business development efforts to boost revenue and (3) corporate exercise to raise funds.Moving forward, G3 Global will be spearheaded by a fresh board of directors, especially with new major shareholder Datuk Seri Aminul Islam Abdul Nor (better known as Datuk Seri Mohd Amin) on board.In November 2021, Datuk Seri Mohd Amin had emerged as a major shareholder of G3 Global with a 25% stake, and was subsequently made an executive director of the Group. He is the founder and chairman of technology firm Bestinet Sdn Bhd, which provides information technology solutions for managing foreign labour for all stakeholders.On 4 January 2022, former secretary-general of the Ministry of Education Dato' Sri Alias bin Ahmad was appointed as Independent Non-Executive Director and Chairman. He succeeded Datuk Wan Khalik Bin Wan Muhammad, who served as G3 Global's Executive Chairman previously.It is important to note that Green Packet Bhd and Mr. Puan Chan Cheong are no longer related to G3 Global, as both parties have ceased to be substantial shareholders of the Group. G3 Global will be driven by a fresh mandate, with improved aspirations for further growth.G3 Global is shifting its focus to artificial intelligence and other information technology-based healthcare solutions. Beyond the sales of COVID-19 test kits, the Group's healthcare business will also explore the vast potential of artificial intelligence in healthcare, especially in the area of healthcare diagnosis. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

16 12 月, 2021

Aurelius Technologies Berhad Debuts on Main Market

KUALA LUMPUR, Dec 16, 2021 - (ACN Newswire via SEAPRWire.com) - Aurelius Technologies Berhad ("ATech" or the "Company"), a provider of electronics manufacturing services ("EMS") for industrial electronic products, was successfully listed on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") at RM1.41 per share, or RM0.05 above the offer price of RM1.36 per share.Thanking the Securities Commission, Bursa Securities, Maybank Investment Bank Berhad and other professionals for their guidance and advice on the initial public offering ("IPO") exercise, Chairman of ATech Datin Normaliza binti Kairon ("Datin Normaliza") said, "I would also like to express my heartfelt gratitude to the investors who have trusted us and have confidence in our business as a leading provider of electronic manufacturing services in Malaysia for manufacturing of industrial electronics products since day one. We are gratified by the response of investors to our listing and we are very pleased with our debut on the Main Market today"."We believe this listing will give us the visibility that we need to leverage the expansion of the business, to retain and attract more customers from across Asia Pacific, the Americas and Europe. We see this listing also giving us the opportunity to realise our future plans and strategies, including expansion and upgrading of our production facilities".The Company is raising RM104.73 million from the IPO exercise. From the proceeds, RM40.0 million would be used for the purchase of new machinery and equipment, RM29.52 million for the repayment of borrowings, RM28.13 million for working capital and RM7.09 million for the listing expenses.Datin Normaliza pledged that ATech will continue creating value through focusing on environmental, social and governance ("ESG") matters. "Besides technology adoption, we also want to create value through focusing on ESG by having sustainable practices. We have since 2004 have had our environmental management system ISO-certified and we endeavour to become the top electronics manufacturing services provider with green credentials".ATech offers a comprehensive range of EMS to multinational corporations across 11 countries covering Asia Pacific, Americas and Europe. These services include engineering support services, prototyping, board assembly, mechanical assembly, testing and labelling for communications and Internet of Things ("IoT"), electronic devices and semiconductor component products used by the transportation, power management, telecommunications and IoT industries.For the financial year ended 31 January 2021, communications and IoT products contributed 89.5% to the Company's revenue, with electronic devices contributing 9.4% and semiconductor components contributing less than 1%. The top three countries by revenue contribution for FYE19 to FYE21 were the USA, Malaysia and Singapore, which collectively accounted for 93.6%, 92.7%, and 89.3% of revenue.Maybank Investment Bank Berhad is the Principal Adviser, Sole Bookrunner and Sole Underwriter.Pictured (from left):- Mr. Loh Hock Chiang, Executive Director and Group Chief Financial Officer- Mr. Lee Chong Yeow, Executive Director and Group Chief Executive Officer- Datin Normaliza Binti Kairon, Chairperson and Independent Non-Executive Director- Dato' Fad'l Mohamed, Chief Executive Officer of Maybank Investment Bank Berhad (https://www.acnnewswire.com/topimg/Low_Aurelius20211216.jpg) Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

29 9 月, 2021

CEKD Berhad Debuts on ACE Market at 12 sen premium, 25% above IPO price

KUALA LUMPUR, Sep 29, 2021 - (ACN Newswire via SEAPRWire.com) - CEKD BERHAD ("CEKD"; KLSE stock code: 0238), a die-cutting solutions provider as well as manufacturer of die-cutting moulds and trader of related consumables, tools and accessories successfully listed on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities) today.Gary Ting, Head of Corporate Finance, M&A Securities Sdn Bhd; Chong Chin Look, Independent Non-Executive Director, CEKD; Datuk Mak Foo Wei, Independent Non-Executive Director, CEKD; Dato' Zulkifli Bin Adnan, Independent Non-Executive Chairman, CEKD; Yap Kai Ning, Managing Director, CEKD; Yap Kai Min, Chief Operation Officer, CEKD; Yap Tian Tion, Deputy Executive Chairman, CEKD; Datuk Bill Tan, Managing Director of Corporate Finance, M&A Securities Sdn Bhd [L-R]CEKD opened at 60 sen, which is a 12 sen premium or 25% higher than its initial public offering (IPO) price of 48 sen per share, with the first traded volume recorded at 6,286,100 shares."We are extremely pleased with today's listing debut on the ACE Market and are humbled by the reception to our IPO from the investing public. We are a leading provider of die-cutting mould solutions in Malaysia, and we believe this IPO will give the Group more visibility and aid in the expansion of the business. This will help us to not only retain our customers in Malaysia but help capitalise on other markets such as Southeast Asia and the Middle East," Independent Non-Executive Chairman of CEKD Berhad, Dato' Zulkifli bin Adnan said."As the only die-cutting mould specialist in Southeast Asia to be certified by Bobst Mex SA, a leading global supplier of machinery and services to the packaging industry from Switzerland, we have plans in the pipeline post-listing to expand our operations and manufacturing services in our existing markets as well as solidify our position in Southeast Asia and the Middle East. We believe that there are plenty of opportunities that we can tap into in these markets due to the growth in the E&E, plastic and packaging, automotive as well as textile and leather industries."While CEKD distributes to markets in Australia, Vietnam, Thailand, Philippines and the Middle East, Malaysia makes up 85.0% of the overall revenue in the financial period ended 31 March 2021. The Group's customers are mainly from the printing and packaging, electrical and electronics, automotive, plastic packaging, textile, and leather industries.Today's listing follows from the Balloting Ceremony on 21 September 2021 where CEKD recorded an oversubscription rate of 131.61 from the new shares made available to the Malaysian public.M&A Securities Holdings Berhad is the Adviser, Sponsor, Sole Underwriter and Placement Agent for the IPO exercise.Please contact the below for more information:Hakim JuraimiEmail: h.juraimi@swanconsultancy.biz Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

21 9 月, 2021

CEKD IPO shares oversubscribed by 131.61 times

KUALA LUMPUR, Sep 21, 2021 - (ACN Newswire via SEAPRWire.com) - The shares of CEKD BERHAD ("CEKD" or the "Group") has been oversubscribed by 131.61 times ahead of the Group's listing on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities").Managing Director of CEKD, Ms. Yap Kai Ning"We are extremely grateful for the strong confidence our investors have in CEKD, our business, prospects and future plans. Our hard work to build a sustainable business has paid off," said Managing Director of CEKD, Ms. Yap Kai Ning.CEKD is raising RM24.28 million from the IPO exercise. From the proceeds, the Group will use RM8.8 million for the acquisition of a factory for Hotstar, RM3.0 million for purchase of new machinery, RM1.3 million for upgrade and development of computer software and server, RM4 million for repayment of bank borrowings, with the remainder to be used for marketing activities, general working capital and listing expenses."This is just the beginning of our corporate journey. The expansion plan will give a push to the growth of the Group's business," Ms. Yap explained. "This is also part of the strategy to increase automation and capacity to meet the demand of our new and existing clients."For this IPO, a total of 18,884 applications for 1,290,183,500 new Shares with a value of RM619,288,080.00 were received from the Malaysian public, which represents an overall oversubscription rate of 131.61 times.For the Bumiputera portion, a total of 10,413 applications for 593,591,600 new Shares were received, which represents an oversubscription rate of 121.03 times. For the public portion, a total of 8,471 applications for 695,591,900 new Shares were received, which represents an oversubscription rate of 142.20 times.Meanwhile, a total of 9,729,000 new Shares available for application by the eligible directors and employees and persons who have contributed to the success of the Group have also been fully subscribed.In addition, the Placement Agent has confirmed that the 31,132,000 Shares made available for application by way of private placement have been fully placed out.The notices of allotment will be posted to all successful applicants on or before 28 September 2021.M&A Securities Sdn Bhd is the Adviser, Sponsor, Underwriter and Placement Agent for this IPO exercise.CEKD's listing on the ACE Market of Bursa Securities is scheduled on 29 September 2021.About CEKD BerhadCEKD Berhad ("CEKD" or the "Group") is an investment holding company with three wholly owned subsidiaries, namely Sharp Die Cutting Mould Sdn Bhd at Jalan Kelang Lama, Kuala Lumpur; Hotstar (M) Sdn Bhd at Kepong, Kuala Lumpur and Focuswin Diecutting Mould Sdn Bhd at Prai, Penang.The Group is a die-cutting solutions provider and is involved in the manufacturing of die-cutting moulds and trading of related consumables, tools, and accessories, mainly to the paper printing and packaging industry, electronic and electrical industry, and other industries such as automotive, plastic packaging, textile and leather industries.CEKD's die-cutting moulds and tools are used to die-cut paper boxes and cartons, plastic packaging boxes, electrical components such as laptops, hard disks, audio speakers, remote controllers, automotive parts such as engine gaskets, emblem, fabric and leather for furniture, car seats, steering wheels, clothing and shoes. For more information, visit www.cekd.com.my.Issued by: Swan Consultancy on behalf of CEKD BerhadDate: 21 September 2021Please contact the below for more information:Hakim JuraimiTel: +60 12-318 5410Email: h.juraimi@swanconsultancy.bizKahjin GanTel: +60 16-555 5187Email: kj.gan@swanconsultancy.biz Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

6 9 月, 2021

CEKD Berhad Launches Prospectus to Raise RM24.28 Million from IPO

KUALA LUMPUR, Sep 6, 2021 - (ACN Newswire via SEAPRWire.com) - CEKD BERHAD ("CEKD" or the "Group"), a die-cutting solutions provider as well as manufacturer of die-cutting moulds and trader of related consumables, tools and accessories enroute to a listing on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities), is pleased to announce the launch of the Group's prospectus for the initial public offering (IPO).The Group aims to raise RM24.28 million from its upcoming listing. The IPO involves the public issue of 50.59 million new shares at the issue price of RM0.48 sen per share, to be made available for application in the following manner:Public issue:- 9.73 million new shares will be available for application to the Malaysian public;- 9.73 million new shares will be allocated for application by eligible directors, employees and persons who have contributed to the success of the Group;- 6.81 million new shares by way of private placement to selected investors; and- 24.32 million shares by way of private placement to Bumiputera investors approved by the Ministry of International Trade and Industry (MITI).The Utilisation of Proceeds table as below: https://www.acnnewswire.com/topimg/Low_CEKD202109062.jpgManaging Director of CEKD, Yap Kai Ning, said: "The forthcoming listing of CEKD Berhad marks a significant milestone in our history. This IPO will not only strengthen our presence in the industry as a leading die-cutting solutions provider and manufacturer but also raise our profile to help us in our expansion plans. We are committed to sustaining our reputation and creating value for our shareholders.""The proceeds from the IPO will go towards acquiring laser-cutting machines and automatic steel rule processors to support business expansion and increase our production efficiency. Our production capability will be enhanced with the upgrading of our computer software and servers and this will support business growth. Besides the purchase of machinery and equipment, we are also going to acquire a factory for Hotstar located in Kepong, Kuala Lumpur."As at 6 August 2021, the Group has a large and diverse customer base of 1,309 customers while the Group achieved an average gross profit margin of 48.3% from FYE 2018 to FYE 2020.Managing Director of Corporate Finance, M&A Securities Sdn Bhd (M&A Securities), Datuk Bill Tan said: "As of today, we have received positive response from investors for CEKD's IPO and we are pleased to play a significant role in its goal to become a public listed company. This milestone today is the result of the hard work and dedication of the CEKD team. They are experienced and committed with operational expertise and in-depth knowledge of the manufacturing of die-cutting moulds and trading of related consumables, tools and accessories. The IPO will strengthen CEKD's foothold in the industry."CEKD's Adviser, Sponsor, Sole Underwriter and Placement Agent in relation to the IPO is M&A Securities. Pursuant to the underwriting agreement, M&A Securities will be underwriting for shares available for application by the Malaysian public.Please contact the below for more information:Hakim JuraimiTel: +60 12-318 5410Email: h.juraimi@swanconsultancy.biz Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

2 8 月, 2021

CEKD Berhad Signs IPO Underwriting Agreement with M&A Securities

KUALA LUMPUR, Aug 2, 2021 - (ACN Newswire via SEAPRWire.com) - CEKD Berhad ("CEKD" or the "Company"), a die-cutting solutions provider as well as manufacturer of die-cutting moulds and trader of related consumables, tools and accessories, has on even date signed an underwriting agreement with M&A Securities Sdn Bhd ("M&A Securities"). This underwriting agreement is a precursor to the upcoming initial public offering ("IPO") of the Company on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") that will take place in September 2021.L-R: M&A Securities Head of Corporate Finance Mr. Gary Ting; M&A Securities Managing Director of Corporate Finance Datuk Bill Tan; CEKD Managing Director Ms. Yap Kai Ning; CEKD Deputy Executive Chairman Mr. Yap Tian TionAs reported in the prospectus exposure on the Securities Commission's website, CEKD's IPO entails a proposed public issue of 50.59 million shares where 9.73 million shares will be made available for application by the Malaysian public. An additional 9.73 million will be allocated to eligible directors, employees, and contributors to the Company; another 6.81 million shares will be reserved for private placement to selected investors and 24.32 million shares will be reserved for private placement to Bumiputera investors approved by the Ministry of International Trade and Industry (MITI).Under the agreement, M&A Securities will underwrite 19.46 million of the total proposed issue of shares allocated to the Malaysian public or through pink forms. The balance of 31.13 million issue shares available for application by Bumiputera investors approved by MITI and selected investors will not be underwritten and will be placed out by the M&A Securities.Managing Director of CEKD Berhad, Ms. Yap Kai Ning said, "The signing of the underwriting agreement brings us closer towards our goal of taking CEKD public through an IPO. As one of the leading custom die-cutting solutions providers in Malaysia, we believe that this will be extremely beneficial for CEKD in strengthening and solidifying our position in the industry from an operational and financial standpoint."Managing Director of Corporate Finance of M&A Securities, Datuk Bill Tan said, "We are honoured to have been a part of CEKD's journey towards listing on the ACE Market of Bursa Securities. We want to extend our appreciation for having been appointed as CEKD's Adviser, Sponsor, Sole Underwriter and Placement Agent of the IPO. The Company has come a long way since its inception, and we are proud to have been a part of this important milestone in its history. This IPO marks another impressive achievement for the Company, and we wish them all success and the best."CEKD's principal market is mainly from Malaysia which contributed 85.6% of the overall revenue in the financial year ended 31 August 2020. CEKD's customers are mainly from the paper printing and packaging, electrical and electronics, automotive, plastic packaging, textile and leather industries. Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

30 6 月, 2021

Haily Group Berhad aims to raise RM20.4 million from IPO

KUALA LUMPUR, Jun 30, 2021 - (ACN Newswire via SEAPRWire.com) - Haily Group Berhad ("Haily" or the "Group") aims to raise RM20.4 million from its upcoming listing on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") through an Initial Public Offering ("IPO") exercise.(from left) Haily Group Berhad Executive Director Ms See Swee Ling, Haily Construction Sdn Bhd Director Mdm Kik Siew Lee, Haily Group Berhad Founder & Executive Director Mr See Tin Hai, and Haily Group Berhad CEO & Executive Director Mr Yoong Woei YehHaily is principally a main contractor involved in building construction of residential and non-residential buildings in the Southern Region of Peninsular Malaysia, in particular, Johor and is also involved in the provision of rental of construction machinery. Haily has completed approximately 65 building construction projects with a total contract value of RM1.29 billion since 2008. As a Grade 7 contractor with CIDB, this allows the Group to bid and carry out any size of building construction projects irrespective of the contract value. Haily's clients include subsidiaries of public listed companies such as Mah Sing group of companies, Country View Resources Sdn Bhd, IOI group of companies, IJM Properties Sdn Bhd, as well as other private companies such as WB Land Sdn Bhd, Danau Homes Sdn Bhd and Connoisseur Food Generation Sdn Bhd.Launching its Prospectus today, Haily said the IPO involved a public issue of 30.00 million shares at RM0.68 each which is expected to raise gross proceeds of RM20.40 million.Of the 30.00 million shares, it is offering 8.92 million shares to the Malaysian public, 10.00 million to its eligible directors, employees and persons who have contributed to the success of the Group, and 11.08 million to selected investors by way of private placement.In addition, there will be an offer for sale by its promoter that involves 18.00 million existing ordinary shares in Haily by way of private placement to selected investors which is expected to raise gross proceeds of RM12.24 million. Its promoters are Haily Holdings Sdn Bhd, See Tin Hai and Kik Siew Lee.Of the RM20.40 million to be raised from its public issue, Haily plans to use RM4.20 million (20.59%) for purchase of construction machinery, equipment as well as new contract management and accounting software and office equipment, RM6.00 million (29.41%) for working capital for construction projects, RM7.00 million (34.31%) for repayment of bank borrowings, and the remaining RM3.20 million (15.69%) as listing expenses.Haily Group Berhad Founder and Executive Director See Tin Hai said: "The listing exercise is an important next step which will increase the stature of our Group, thus enhancing our reputation as we market our construction services and expand our customer base in Malaysia. We are excited to provide an opportunity for investors and institutions to participate in our equity and continuing growth."Currently, Haily has 18 on-going building construction projects as well as 2 civil engineering related construction projects. Its total secured contract value and unbilled contract value as at 10 June 2021 stood at RM460.04 million and RM249.58 million respectively. The ongoing projects are expected to be completed progressively between 2021 and 2023.On the long-term prospects of the construction industry, See said Malaysia's economy is expected to gradually improve in the second half of 2021 underpinned by key growth drivers such as continued improvement in global growth, trade and technology cycle, upcoming large-scale infrastructure projects as well as economic stimulus measures."The growth of the residential and industrial sector in other districts of Johor will provide opportunities for the Group, and we have secured and unbilled contracts that can sustain us through the near-term challenges brought about by the Covid-19 pandemic.Taking into consideration our healthy cash position, expected profits to be generated from our operations, the amount that is available under our existing banking facilities and proceeds expected to be raised from the public issue, we will have adequate working capital to meet our present and foreseeable requirements as we continue to replenish and enlarge our order book to provide business growth," See added.TA Securities Holdings Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent in relation to the IPO. Its Head of Corporate Finance, Ku Mun Fong said: "The Malaysian economy in 2020 has weathered a challenging year amidst the pandemic. However, with the strong fundamentals of the Malaysian economy, Bursa Malaysia Securities Berhad is able to weather challenges and is poised to grow in the long term. This augurs well with the listing of Haily Group Berhad on the ACE Market of Bursa Malaysia Securities Berhad."The Group has an intention to distribute dividends of at least 30% of its annual profits attributable to its shareholders upon completion of the listing. However, it is not a legally binding obligation/guaranteed commitment to the shareholders. Dividends declared and distributed by the Group for the financial year ended 31 December ("FYE") 2017, FYE 2018, FYE 2019 and FYE 2020 were RM10.01 million, RM5.25 million, RM6.00 million and RM2.50 million respectively.Haily's core competency is building construction in Johor, mainly in the districts of Johor Bahru and Kulai, and the Group plans to continue focusing on building construction there while leveraging on its experience to extend its reach to the other districts. The listing exercise will help accelerate this, as well as enable them to purchase new construction machinery and equipment in anticipation of future growth. Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)