ITMAX EXPANDS FOOTPRINT IN JOHOR WITH ANOTHER SMART PARKING CONTRACT WIN

ITMAX System Berhad’s subsidiary, Southmax Sdn Bhd, has been appointed by the Pontian Municipal Council as the smart parking operator for Pontian’s outdoor parking spaces. The 15-year agreement, effective 1 February 2025, operates on a 70% revenue-sharing model via the Parkmax@JOHOR app. ITMAX CEO William Tan Wei Lun highlighted this as their sixth smart parking project in Johor, reinforcing their commitment to driving digital transformation and sustainable city management.

FBG AWARDED DELIVERY PHASE CONTRACT WORTH RM131.6 MILLION FROM AUSTRALIAN DEPARTMENT OF DEFENCE 

Fajarbaru Builder Group Bhd. (“FBG”) announced that its subsidiary, FBG Builder Sdn Bhd, together with Avionics Pty Ltd, has been awarded the Delivery Phase of a contract from the Australian Department of Defence worth RM131.6 million. FBG’s portion is RM75.9 million.

The project involves upgrades to the Royal Malaysian Air Force Base in Butterworth, Penang, including airfield pavements, ground lighting, and recreational facilities. With this latest award, FBG’s total contract value for the project has reached RM115.0 million.

ICON OFFSHORE RENAMES AS LIANSON FLEET GROUP BERHAD 

Icon Offshore Berhad (“ICON”) has secured shareholder approval to acquire equity stakes worth RM403.5 million and rebrand as Lianson Fleet Group Berhad (“LFG”).

The acquisitions, financed via 458.5 million new shares at RM0.88 each, will add 40 marine assets, bolstering LFG’s position in offshore marine, energy, and transportation services. The rebranding reflects its expanded operations and strategic goals.

Executive Chairman Mr. Lim Chern Wooi called the move a transformative milestone, enhancing capabilities, market presence, and long-term growth. Completion is expected by early February 2025.

KWAP SELECTS CENSOF TO IMPLEMENT ACCOUNTING SYSTEM REPLACEMENT PROJECT

Censof Holdings Berhad (“Censof”) is pleased to announce that its subsidiary, Century Software (Malaysia) Sdn. Bhd., has secured a contract from Kumpulan Wang Persaraan (Diperbadankan) (“KWAP”) to replace and implement a new government resource planning (“GRP”) system.

The RM4.3 million contract covers a 12-month implementation phase, a 12-month warranty period, and a 4-year subscription. The transition to a cloud-based system aims to enhance operational efficiency, scalability, and accessibility, enabling streamlined processes and greater flexibility to meet evolving business needs.

KIP REIT UNITHOLDERS APPROVE RM98.3 MILLION ACQUISITIONS

KIP Real Estate Investment Trust (“KIP REIT”) is pleased to announce that unitholders have approved the acquisition of four industrial properties valued at RM98.3 million at today’s Extraordinary General Meeting.

Located in Selangor, Sarawak, and Johor, the properties offer a net lettable area of over 650,000 sq. ft. and are secured under long-term master lease agreements with rental increments every three years, yielding between 6.6% to 7.6%. Upon completion, the Group’s total property value will rise to RM1.5 billion, with a net lettable area of 3.1 million sq. ft.

KEYFIELD SUCCESSFULLY COMPLETES SOLAR PV SYSTEM ONBOARD ITS WORK BARGE, ENTERS MALAYSIA BOOK OF RECORDS

Keyfield International Berhad (“Keyfield”) has completed its pilot solar photovoltaic (“PV”) project on Keyfield Wisdom, a 500-men accommodation work barge, featuring a 121.2kWp solar hybrid system with battery storage. The system reduces fuel consumption and emissions, earning recognition from the Malaysia Book of Records.

Keyfield COO Encik Mohd. Erwan bin Ahmad emphasized the project’s alignment with the Group’s ESG strategy and client sustainability goals. Worldwide Holdings Berhad, the turnkey contractor, completed the project 15 days ahead of schedule despite tight timelines.

FBG SIGNS MASTER PURCHASE DEVELOPMENT AGREEMENT FOR PENANG MEDI-CITY, BATU KAWAN 

Fajarbaru Builder Group Bhd (“FBG”) has signed a Master Purchase and Development Agreement with Penang Development Corporation to develop the 235.8-acre Medi-City in Batu Kawan. This transformative project will feature a comprehensive medical hub, including a 200-bed specialist hospital, healthcare and wellness facilities, alongside residential and commercial components, with a GDV of RM2 billion over eight years.

FBG has also formed strategic collaborations with key partners to integrate renewable energy, advanced cooling systems, and stem cell facilities, further enhancing the Medi-City ecosystem. Executive Chairman Tan Sri Dato’ Sri Chan Kong Choy highlighted the development’s goal of positioning Penang as a world-class regional medical hub.

SKYWORLD DEVELOPMENT ENTERS PREFABRICATED MANUFACTURING BUSINESS VIA SHAREHOLDERS’ AGREEMENT WITH TEAMBUILD

SkyWorld Development Berhad (“SkyWorld”) has partnered with Singapore-based Teambuild Holding (S) Pte Ltd to form Prefab Master Sdn Bhd, marking its entry into the prefabricated manufacturing sector. SkyWorld holds a 70% stake, with Teambuild holding 30%.

Prefab Master will introduce Prefabricated Prefinished Volumetric Construction (PPVC) technology to Malaysia, addressing industry challenges like quality, labour shortages, and delivery timelines.

A key initiative includes Malaysia’s largest affordable housing project in Penang, valued at RM13 billion, set to launch in 2025, delivering over 35,000 units over 10 years.

SkyWorld CEO Lee Chee Seng highlighted PPVC’s productivity, sustainability, and ESG benefits, ensuring cost-effective, high-quality housing solutions.

UUE WINS CONTRACTS WORTH RM27.5 MILLION

UUE Holdings Berhad (“UUE”) has secured two contract renewals worth RM27.5 million via its subsidiary, Kum Fatt Engineering Sdn Bhd. The contracts involve installing and commissioning 11kV underground cables within TNB’s distribution network in Malaysia’s east coast and southern regions.

These renewals bring UUE’s total 2025 order wins to RM64.0 million, strengthening its presence in key regions and ensuring earnings visibility. UUE Managing Director, Datuk Dr. Ting Kok Hwa, highlighted plans for a new factory to support in-house HDPE pipe manufacturing, emphasizing the Group’s focus on delivering results and shareholder value.

OPTIMAX COLLABORATES WITH 2 MINISTRIES UNDER THE REFRACTIVE SCREENING PROGRAMME 

Optimax Holdings Berhad (“Optimax”) participated in the Eyeglass Distribution Ceremony under the Refractive Screening Programme for B40 and M40 students in Putrajaya. The event, held at Sekolah Kebangsaan Putrajaya 9(2), was officiated by Health Minister YB Datuk Seri Dr. Dzulkefly Ahmad and Education Minister YB Fadhlina Sidek.

In collaboration with the Ministry of Health and Ministry of Education, the programme screened 258 students across 16 schools, identifying 100 students in need of eyeglasses, which Optimax will provide for free.