KWAP SELECTS CENSOF TO IMPLEMENT ACCOUNTING SYSTEM REPLACEMENT PROJECT
Censof Holdings Berhad (“Censof”) is pleased to announce that its subsidiary, Century Software (Malaysia) Sdn. Bhd., has secured a contract from Kumpulan Wang Persaraan (Diperbadankan) (“KWAP”) to replace and implement a new government resource planning (“GRP”) system.
The RM4.3 million contract covers a 12-month implementation phase, a 12-month warranty period, and a 4-year subscription. The transition to a cloud-based system aims to enhance operational efficiency, scalability, and accessibility, enabling streamlined processes and greater flexibility to meet evolving business needs.
KIP REIT UNITHOLDERS APPROVE RM98.3 MILLION ACQUISITIONS
KIP Real Estate Investment Trust (“KIP REIT”) is pleased to announce that unitholders have approved the acquisition of four industrial properties valued at RM98.3 million at today’s Extraordinary General Meeting.
Located in Selangor, Sarawak, and Johor, the properties offer a net lettable area of over 650,000 sq. ft. and are secured under long-term master lease agreements with rental increments every three years, yielding between 6.6% to 7.6%. Upon completion, the Group’s total property value will rise to RM1.5 billion, with a net lettable area of 3.1 million sq. ft.
KEYFIELD SUCCESSFULLY COMPLETES SOLAR PV SYSTEM ONBOARD ITS WORK BARGE, ENTERS MALAYSIA BOOK OF RECORDS
Keyfield International Berhad (“Keyfield”) has completed its pilot solar photovoltaic (“PV”) project on Keyfield Wisdom, a 500-men accommodation work barge, featuring a 121.2kWp solar hybrid system with battery storage. The system reduces fuel consumption and emissions, earning recognition from the Malaysia Book of Records.
Keyfield COO Encik Mohd. Erwan bin Ahmad emphasized the project’s alignment with the Group’s ESG strategy and client sustainability goals. Worldwide Holdings Berhad, the turnkey contractor, completed the project 15 days ahead of schedule despite tight timelines.
FBG SIGNS MASTER PURCHASE DEVELOPMENT AGREEMENT FOR PENANG MEDI-CITY, BATU KAWAN
Fajarbaru Builder Group Bhd (“FBG”) has signed a Master Purchase and Development Agreement with Penang Development Corporation to develop the 235.8-acre Medi-City in Batu Kawan. This transformative project will feature a comprehensive medical hub, including a 200-bed specialist hospital, healthcare and wellness facilities, alongside residential and commercial components, with a GDV of RM2 billion over eight years.
FBG has also formed strategic collaborations with key partners to integrate renewable energy, advanced cooling systems, and stem cell facilities, further enhancing the Medi-City ecosystem. Executive Chairman Tan Sri Dato’ Sri Chan Kong Choy highlighted the development’s goal of positioning Penang as a world-class regional medical hub.
SKYWORLD DEVELOPMENT ENTERS PREFABRICATED MANUFACTURING BUSINESS VIA SHAREHOLDERS’ AGREEMENT WITH TEAMBUILD
SkyWorld Development Berhad (“SkyWorld”) has partnered with Singapore-based Teambuild Holding (S) Pte Ltd to form Prefab Master Sdn Bhd, marking its entry into the prefabricated manufacturing sector. SkyWorld holds a 70% stake, with Teambuild holding 30%.
Prefab Master will introduce Prefabricated Prefinished Volumetric Construction (PPVC) technology to Malaysia, addressing industry challenges like quality, labour shortages, and delivery timelines.
A key initiative includes Malaysia’s largest affordable housing project in Penang, valued at RM13 billion, set to launch in 2025, delivering over 35,000 units over 10 years.
SkyWorld CEO Lee Chee Seng highlighted PPVC’s productivity, sustainability, and ESG benefits, ensuring cost-effective, high-quality housing solutions.
UUE WINS CONTRACTS WORTH RM27.5 MILLION
UUE Holdings Berhad (“UUE”) has secured two contract renewals worth RM27.5 million via its subsidiary, Kum Fatt Engineering Sdn Bhd. The contracts involve installing and commissioning 11kV underground cables within TNB’s distribution network in Malaysia’s east coast and southern regions.
These renewals bring UUE’s total 2025 order wins to RM64.0 million, strengthening its presence in key regions and ensuring earnings visibility. UUE Managing Director, Datuk Dr. Ting Kok Hwa, highlighted plans for a new factory to support in-house HDPE pipe manufacturing, emphasizing the Group’s focus on delivering results and shareholder value.
OPTIMAX COLLABORATES WITH 2 MINISTRIES UNDER THE REFRACTIVE SCREENING PROGRAMME
Optimax Holdings Berhad (“Optimax”) participated in the Eyeglass Distribution Ceremony under the Refractive Screening Programme for B40 and M40 students in Putrajaya. The event, held at Sekolah Kebangsaan Putrajaya 9(2), was officiated by Health Minister YB Datuk Seri Dr. Dzulkefly Ahmad and Education Minister YB Fadhlina Sidek.
In collaboration with the Ministry of Health and Ministry of Education, the programme screened 258 students across 16 schools, identifying 100 students in need of eyeglasses, which Optimax will provide for free.
FAJARBARU REBRANDS AS “FBG”
Fajarbaru Builder Group Bhd. is now FBG, reflecting its commitment to sustainability and innovation in construction and property development.
Subsidiaries Fajarbaru Builder Sdn Bhd and Fajarbaru Land (M) Sdn Bhd have also been renamed FBG Builder Sdn Bhd and FBG Land Sdn Bhd.
Executive Chairman Tan Sri Dato’ Sri Chan Kong Choy stated, “Our new identity, ‘The Makers of Tomorrow,’ embodies our vision for a sustainable and innovative future.”
Yinson Production secures USD 1 billion investment from consortium of international investment firms to drive further growth
Yinson Production has secured USD 1 billion from global investors, including ADIA, BCI, and RRJ Group, to fund growth and distribute USD 200 million to its controlling shareholder. The deal, valued at USD 3.7 billion, may expand to USD 1.5 billion within 24 months and is expected to close in Q1 2025.
EDEN INC. BERHAD SECURES 29.99 MW SOLAR POWER PROJECT IN PAHANG
EDEN INC. BERHAD has secured a 29.99 MW solar plant development in Gebeng, Kuantan, under the Energy Commission’s Large-Scale Solar 5 programme. The plant, set to begin operations by July 2027, will operate under a 21-year agreement with Tenaga Nasional Berhad (TNB).
This project reinforces EDEN’s commitment to renewable energy and regional development. The company’s shares were also reclassified under the renewable energy sub-sector on Bursa Malaysia, effective 13th January 2025.
