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.
AXIS-REIT TO ACQUIRE AN INDUSTRIAL PROPERTY LOCATED WITHIN KAWASAN INDUSTRI BANDAR SULTAN SULEIMAN, PORT KLANG FOR RM50.0 MILLION
Axis-REIT is acquiring a 9-acre industrial property in Port Klang from Barry Callebaut Malaysia for RM50 million. Featuring factory, warehouse, and office facilities with strong highway connectivity, the deal is set to complete in 1Q2026. The property’s designation for light to heavy industrial use supports Axis-REIT’s strategy of securing prime, flexible assets in high-demand locations.
E&O’s Andaman Island Masterplan Strengthened with RM780 Million Financing through Tanjung Pinang Development (TPD) from AmBank Group
AmBank Group has extended RM780 million in financing to Tanjung Pinang Development Sdn Bhd, a subsidiary of Eastern & Oriental Berhad, to fund Phase 2 reclamation and infrastructure works for Andaman Island, Penang, slated for completion in 2028. Envisioned as a 30-year, RM70 billion masterplan, Andaman Island will set new benchmarks in sustainable island living and urban development, supported by GreenRE Platinum certification and strong market response. This financing underscores AmBank’s commitment to transformative projects that drive growth while advancing Malaysia’s green agenda.
ITMAX EXPANDS SMART PARKING FOOTPRINT IN SELANGOR
ITMAX System Berhad (“ITMAX”), via its subsidiary Selmax Sdn Bhd, has been appointed by Selayang Municipal Council (“MPS”) to operate the Selangor Intelligent Parking (“SIP”) system under a 10-year contract with a 50:50 revenue-sharing model. This marks ITMAX’s third smart parking project in Selangor, reinforcing its role in supporting the state’s digital and smart city agenda.
KEYFIELD INVESTS RM76.0 MILLION TO ACQUIRE CARIMIN ACACIA, A DP2 ACCOMMODATION WORKBOAT
Keyfield International Berhad will acquire Carimin Acacia, a DP2 Accommodation Workboat, for RM76.0 million to strengthen its offshore accommodation fleet, funded entirely via proceeds from its Sukuk issuance.
