LFG ANNOUNCES DISPOSAL OF KAYRA, ITS AWB VESSEL
Lianson Fleet Group Berhad (“LFG”) has agreed to sell its accommodation workboat Kayra to MAG Offshore Investments LLC for RM92.6 million, as part of its strategy to modernise its fleet, enhance efficiency, and diversify into new asset classes. The deal is expected to complete by December 2025.
KIP REIT Broadens Industrial Footprint with Sarawak Acquisition Completion
KIP REIT has completed its first East Malaysia acquisition, securing an industrial property in Bintulu, Sarawak for RM28.7 million. The fully occupied asset, tenanted by Hextar Solutions, strengthens KIP REIT’s portfolio diversification and supports its RM2.0 billion AUM growth target.
SKYWORLD DEVELOPMENT REAFFIRMS RM4.6 BILLION GDV TARGET AND STRENGTHENS FOCUS ON URBAN AFFORDABLE HOUSING AT 2025 AGM
SkyWorld Development Berhad successfully held its 2025 AGM, with shareholders approving all resolutions, including the re-election of directors and reappointment of Deloitte PLT as external auditor.
Chairman Datuk Seri Ng Thien Phing thanked shareholders for their support, citing strong demand for urban affordable housing as a key growth driver.
CEO Lee Chee Seng reaffirmed the target of RM4.6 billion GDV by 2026 and highlighted the Penang project—Malaysia’s largest affordable housing development and first using PPVC technology—as a major milestone in expanding beyond the Klang Valley.
KIP REIT MARKS EAST COAST EXPANSION WITH COMPLETION OF KIP KUANTAN
KIP REIT has completed its RM56.0 million acquisition of three retail assets in Kuantan, expanding its portfolio to 16 properties valued at around RM1.7 billion. Anchored by long-term leases with Lotus’s and KFC, KIP Kuantan strengthens income stability and geographic diversification.
ITMAX SECURES SIXTH AI-POWERED VIDEO SURVEILLANCE CONTRACT IN JOHOR
ITMAX System Berhad (“ITMAX”), via subsidiary Southmax Sdn Bhd, has won a RM51.0 million, 180-month contract from Batu Pahat Municipal Council to deploy and maintain a smart operations centre, AI-powered CCTV, and AI traffic lights. CEO William Tan Wei Lun said the project strengthens public safety, traffic flow, and long-term earnings visibility under ITMAX’s subscription-based model.
LFG TO ACQUIRE TWO ADDITIONAL BULK CARRIERS
Lianson Fleet Group Berhad (“LFG”), formerly Icon Offshore Berhad, is acquiring two bulk carriers for RM115.1 million, raising its bulk carrier fleet to three and total vessels to 39. The move supports LFG’s diversification beyond OSVs and strengthens recurring income streams.
FBG HOLDINGS ANNOUNCES RENOUNCEABLE RIGHTS ISSUE WITH WARRANTS
FBG Holdings Berhad (“FBG” or the “Group”) has proposed a renounceable rights issue with warrants to raise approximately RM100.1 million. The proceeds will primarily fund the acquisition of land for its flagship Medi-City Project, which carries an estimated GDV of RM2.0 billion. The exercise is targeted for completion by Q4 2025.
RESERVOIR LINK’S ASSOCIATE ANNOUNCES PARTNERSHIP FOR EV CHARGING FACILITY & BESS SOLUTIONS
Reservoir Link Energy Bhd announced that its associate Founder Group Limited has signed an MoU with Nichcom Go Sdn Bhd to roll out 1,000 EV charging stations and develop battery energy storage systems over the next three years.
OCK ANNOUNCES PROPOSED LISTING OF SUBSIDIARY ON THE ACE MARKET OF BURSA SECURITIES
OCK Group Berhad plans to list its subsidiary, EI Power Berhad, on the ACE Market of Bursa Malaysia to fund regional expansion and power solution projects.
RESERVOIR LINK CLINCHES RM60.2 MILLION TURNKEY EPCC CONTRACT FOR WASTE RECOVERY FACILITY
Reservoir Link Energy Bhd has won a RM60.2 million EPCC contract from Sage Promaster to build an industrial waste recovery facility. The six-month project will process up to 15,000 metric tonnes of waste to produce Safefuels®, a renewable alternative fuel, reinforcing Reservoir Link’s push into the clean energy sector.
