GEORGE KENT TRANSFORMS SMART METERING WITH TELECOMMUNICATIONS TECHNOLOGY BREAKTHROUGHS
George Kent (Malaysia) Berhad has commercialized its automated meter reading (AMR) technology, now contributing to profits. Backed by over a decade of R&D, its third-generation AMR system, powered by 5G and NB-IoT, is expanding across Malaysia, Singapore, and Vietnam, driving innovation in smart water management.
ITMAX EXPANDS PRESENCE IN PENANG WITH SECOND CONTRACT VALUED AT RM11.8 MILLION
ITMAX System Berhad (“ITMAX”) secured an RM11.8 million contract from Penang Island City Council (“MBPP”) to upgrade and maintain AI-enhanced video surveillance on Penang Island over 60 months. CEO William Tan Wei Lun highlighted this as a key milestone, building on prior collaborations to enhance MBPP’s surveillance infrastructure.
KEYFIELD INVESTS USD17.6 MILLION TO ACQUIRE A PSV TO LEVERAGE ON ITS PCC STATUS
Keyfield International Berhad (“Keyfield”) announced the acquisition of a Dynamic Positioning 2 (DP2) Platform Supply Vessel (PSV), to be renamed Keyfield Gratitude. Purchased for USD17.6 million (RM79.22 million) with additional capital expenditure of USD2.0 million (RM9.0 million), Gratitude will support Keyfield’s vessel chartering business, transporting materials and equipment between shore and offshore platforms while accommodating up to 59 persons.
KERJAYA PROSPEK SECURES FIRST CONSTRUCTION CONTRACT FOR 2025
Kerjaya Prospek Group Berhad (“Kerjaya”) secured a RM256.4 million contract from Eastern & Oriental Express Sdn. Bhd. to construct 360 terrace houses and related infrastructure in Elmina West, Shah Alam. The 26-month project raises Kerjaya’s order book to RM4.2 billion, ensuring strong earnings visibility. CEO Tee Eng Tiong highlighted the win as a testament to the Group’s commitment to growth and shareholder value.
YINSON PRODUCTION SECURES CONTRACT EXTENSION OF AT LEAST 18 MONTHS FOR FPSO PTSC LAM SON
Yinson Production is pleased to announce the charter contract for FPSO PTSC Lam Son has been extended for a firm period of 18 months, starting 1 January 2025 through 30 June 2026. The agreement also includes an automatic six-month extension until 31 December 2026, subject to conditions.
The total value of this extension is approximately USD 36.2 million, with USD 17.7 million attributable to Yinson Production.
KEYFIELD ISSUES MAIDEN RM200.0 MILLION SUKUK WAKALAH
Keyfield International Berhad (凯辉国际有限公司) (“Keyfield”) successfully issued RM200.0 million Sukuk Wakalah, with proceeds supporting fleet expansion and Shariah-compliant growth initiatives. Group CEO Dato’ Darren Kee Chit Huei highlighted investor confidence and the strong market response to the inaugural issuance.
PLYTEC EXPANDS TO THE PHILIPPINES VIA STRATEGIC PARTNERSHIP
PLYTEC Holding Berhad (“PLYTEC”) has appointed FASI Forms Inc. as the exclusive distributor of its products, including WONDERBoard and formwork systems, in the Philippines for five years.
Group CEO Yang Kian Lock stated, “This partnership aligns with the Philippines’ booming construction sector under the Build Better More programme, enabling us to support sustainable and efficient projects.”
GEORGE KENT CLINCHES RM45.5 MILLION CONTRACT FOR INFRASTRUCTURE PROJECT IN KWASA DAMANSARA TOWNSHIP
George Kent (Malaysia) Berhad (“George Kent” or “the Group”) has secured a RM45.5 million contract from Kwasa Land Sdn Bhd for key infrastructure works at Kwasa Damansara Township, Selangor. The project, starting on 9 January 2025, is set for completion by 8 July 2027.
Tan Sri Dato’ Tan Kay Hock, Executive Chairman, remarked: “We are proud to support the growth of Kwasa Damansara with our proven expertise.”
This marks George Kent’s second project win this month, highlighting its strong pipeline and commitment to Malaysia’s development.
KIP REIT COMPLETES ACQUISITION OF D’PULZE SHOPPING CENTRE AHEAD OF SCHEDULE
KIP REIT has completed its largest acquisition, D’Pulze Shopping Centre in Cyberjaya, for RM320 million. The fully occupied retail asset adds 311,499 square feet to KIP REIT’s portfolio, boosting total lettable space to over 2.4 million square feet.
With a 7.1% yield, D’Pulze marks a key milestone in KIP REIT’s growth, expanding its portfolio to 13 properties and reinforcing its commitment to sustainable, long-term returns for unitholders.
OCK EXPANDS RENEWABLE ENERGY SEGMENT THROUGH STRATEGIC INVESTMENT IN 116MW SOLAR PLANT
OCK Group Berhad (“OCK”), Malaysia’s largest telecommunications network solutions provider, announced a strategic investment in a 116MW solar photovoltaic plant in Sungai Petani, Kedah. The project, secured under the large-scale solar programme, will enhance OCK’s renewable energy portfolio and provide long-term recurring revenue through a 21-year power purchase agreement with Tenaga Nasional Berhad.
