ITMAX STRENGTHENS PRESENCE IN JOHOR WITH SEVENTH SMART PARKING CONTRACT
ITMAX System Berhad (“ITMAX”) expands its Johor presence as its subsidiary, Southmax Sdn Bhd (“Southmax”), is appointed by Mersing District Council (“MDM”) as the smart parking operator for outdoor spaces. The 15-year contract, effective 1 May 2025, operates under a revenue-sharing model, with Southmax receiving 70% of collections via Parkmax@JOHOR.
This marks ITMAX’s seventh smart parking project in Johor, reinforcing its commitment to AI-driven urban mobility solutions.
ITMAX STRENGTHENS FOOTPRINT IN PENANG WITH RM26.6 MILLION CONTRACT FROM MBSP
ITMAX System Berhad has secured a RM26.6 million contract from Seberang Perai City Council to deploy and maintain AI-powered video surveillance.
“This project strengthens our presence in Penang and supports smarter, safer cities,” said William Tan Wei Lun, ITMAX Managing Director/CEO.
KEYFIELD BRINGS FESTIVE CHEER TO 300 RESIDENTS OF SRI KELANTAN FLATS THROUGH RAMADAN CSR INITIATIVE
In the spirit of giving and compassion during the holy month of Ramadhan, Keyfield International Berhad (“Keyfield”) demonstrated its commitment to Corporate Social Responsibility by extending a helping hand to the economically disadvantaged urban residents of the Sri Kelantan flats in Sentul, Kuala Lumpur.
Keyfield generously distributed essential daily supplies, including rice, cooking oil, noodles, sugar, and other necessities to about 300 residents of the Sri Kelantan flats. To further add to the festive tradition of sharing, the Group also presented Duit Raya to the residents, bringing additional joy and relief during this special time
MGB SECURES NEW ORDERS FOR SUPPLY AND INSTALLATION OF PRECAST CONCRETE PRODUCTS FOR THE PRESTIGIOUS ROSHN ALAROUS DEVELOPMENT IN JEDDAH
MGB Berhad (“MGB”), a subsidiary of LBS Bina Group Berhad, has secured two Purchase Orders worth SAR75.06 million (RM88.57 million) in Saudi Arabia through its unit, MGB International For Industry (“MGBI”). The orders, from Sany Alameriah, involve supplying and installing precast elements for the ROSHN ALAROUS development in Jeddah.
MGB’s Group Executive Chairman, Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San, said, “These orders strengthen our presence in KSA and reinforce our commitment to delivering quality solutions.” MGBI has also secured additional orders for hollow core slabs, further boosting its 2025 outlook.
Yinson GreenTech’s chargEV partners Khazanah to accelerate development of Malaysia’s EV charging ecosystem
Yinson GreenTech’s chargEV has secured an investment from Khazanah Nasional Berhad via Dana Impak to accelerate EV charging infrastructure expansion. This supports Malaysia’s goal of 10,000 charging points and aligns with the National Energy Transition Roadmap (NETR) towards net zero by 2050.
Yinson GreenTech CEO Lim Chern Yuan said the investment strengthens chargEV’s growth, as its pay-per-use revenue has increased fivefold. Khazanah’s Managing Director Dato’ Amirul Feisal Wan Zahir emphasized the importance of supporting Malaysia’s EV ecosystem, while MGTC’s Acting CEO En Saiful Adib Abdul Munaff highlighted the need for strategic deployment of chargers.
KIP REIT REDUCES ENERGY COSTS BY 15% AND LOWERS CARBON FOOTPRINT
KIP REIT partners with KJTS SB in a 20-year deal to enhance energy efficiency, cutting costs by 15% and reducing carbon emissions. The RM25.3 million upgrade supports sustainability and long-term value for unitholders.
AEON AND KIP REIT SIGN MOU TO EXPAND AEON MALL KINTA CITY
AEON CO. (M) BHD. (“AEON”) has signed an MoU with Pacific Trustees Berhad, trustee of KIP REIT, to expand AEON Mall Kinta City in Perak. The project aligns with KIP REIT’s strategy to enhance property value and attract premium tenants, with AEON committing to a long-term master lease.
EDEN INC. BERHAD SECURES POWER PURCHASE AGREEMENT (“PPA”) EXTENSION IN SABAH
EDEN INC. BERHAD (“EDEN”), via Stratavest Sdn Bhd, has secured a two-year extension for Libaran Power Plant, increasing its capacity to 45 MW to support Sabah’s energy needs.
MGB WELCOMES MALAYSIAN DELEGATION TO ITS MODERN PRECAST CONCRETE FACTORY IN JEDDAH
MGB Berhad welcomed Malaysia’s Embassy delegation in Riyadh to its Jeddah precast facility, reinforcing its role in Saudi’s Vision 2030. With enhanced automation and a 250,000m³ capacity, MGB is poised for growth in the region’s real estate sector. #MGB #Vision2030 #Construction
KIP REIT COMPLETES ACQUISITION OF CHERAS JAYA INDUSTRIAL PROPERTY
KIP REIT has successfully acquired its Cheras Jaya industrial property for RM22.6 million, strengthening its industrial portfolio and long-term growth strategy.
CEO Valerie Ong Pui Shan stated, “This acquisition enhances our portfolio resilience and brings us closer to our RM2 billion asset target.”
With this addition, KIP REIT’s total property valuation rises to RM1.4 billion, reinforcing its position as a leading diversified REIT in Malaysia.
