NEXTGREEN SECURES RM50 MILLION FINANCING FROM BANK RAKYAT TO SUPPORT BUSINESS EXPANSION

Nextgreen Global Berhad (NGGB) has secured a RM50.0 million Working Capital Financing-i facility from Bank Rakyat to support its operations and growth. The Shariah-compliant facility will fund working capital needs and offers up to five years of flexible, revolving tenure.

NGGB said the financing strengthens its financial position and supports its green technology and biomass-based initiatives.

SUNVIEW CONSORTIUM SECURES RM2 BILLION EPCC CONTRACT

Sunview Group Berhad has secured an approximately RM2 billion EPCC contract, via a consortium with Cypark Renewable Energy, for the development of a 595 MW floating solar PV plant with BESS at Kenyir Lake. The project marks the Group’s largest contract to date and its first venture into floating solar.

KERJAYA PROSPEK TO BUILD PRIVATE HOSPITAL FOR NEW CLIENT

Kerjaya Prospek Group Berhad has secured a RM98.8 million contract for the construction of a private hospital in Seremban 2, marking its first venture into the healthcare construction segment and further strengthening its order book.

ORKIM ACQUIRES IMO TYPE II TANKER FOR FLEET REJUVENATION

Orkim Berhad will acquire the IMO Type II tanker Rich Sunda for USD24.2 million, to be renamed Orkim Garnet upon delivery in May 2026. The move supports its fleet expansion and enhances its ability to transport both petroleum and chemical cargoes.

GEORGE KENT SUCCESSFULLY ISSUES RM80 MILLION SUKUK  

George Kent

George Kent (Malaysia) Berhad (George Kent or the Company) today announced the successful issuance of Sukuk amounting to RM80.0 million in nominal value pursuant to the Sukuk Wakalah Programme.

The issuance was completed in accordance with the terms of the Programme and forms part of the Company’s strategy to maintaining a balanced and sustainable capital structure.

This successful exercise reflects the Company’s continued access to the capital markets, demonstrating investor confidence in George Kent’s credit strength and long-term prospects. George Kent remains focused on prudent capital management and will continue to evaluate funding options that align with its strategic objectives and enhance long-term shareholder value.