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.
AXIS-REIT TO DISPOSE OF THE ANNEX, NET GAINS TO BE FULLY DISTRIBUTED TO UNITHOLDERS
Axis-REIT is divesting The Annex in Seksyen 19, PJ, for RM24.2 million, doubling its 2012 acquisition price. The sale is expected to generate a net gain of RM9.0 million, benefiting unitholders and reducing gearing.
KEYFIELD BAGS BLUEPRINT AWARD FROM RAM RATINGS FORGROUNDBREAKING RAM-RATED RM1.0 BILLION SUKUK PROGRAMME
Keyfield International Berhad (“Keyfield”) has been awarded the prestigious RAM Blueprint Award at the 22nd RAM League Awards, recognising its landmark RM1.0 billion Sukuk issuance. This achievement highlights Keyfield’s market leadership in offshore support vessels and renewed investor confidence in the oil & gas sector.
CEO Dato’ Darren Kee Chit Huei expressed gratitude for the recognition, reaffirming Keyfield’s commitment to sustainable growth and financial discipline as it expands its fleet and strengthens its market position
GEORGE KENT ESTABLISHES “GK SUPERTECH SDN BHD” TO DEEPEN ITS THRUST INTO HIGH-TECHNOLOGY AND AI
George Kent (Malaysia) Berhad has launched GK SuperTech Sdn Bhd, a wholly-owned subsidiary, to drive its high-tech and AI innovations. This move consolidates its advanced technology initiatives, including Automated Meter Reading (AMR), positioning the Group for sustained growth in telecommunications, metering solutions, and AI applications.
BINASTRA COMMENCES FY2026 WITH MAJOR DATA CENTRE CONTRACT IN CYBERJAYA
Binastra Corporation Berhad has secured a RM250.37 million contract to build a six-storey data centre in Cyberjaya for AIMS Group. Construction begins on 26 February 2025, marking Binastra’s first major win for FY2026.
With this, Binastra’s total secured data centre projects reach RM1.24 billion, reinforcing its role in Malaysia’s digital infrastructure growth.
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.
