RESERVOIR LINK TO VENTURE INTO CARBON CAPTURE PROJECTS
Reservoir Link Energy Bhd’s subsidiary, Reservoir Link Solutions, has signed an MOU with Ad Terra Asia Sdn Bhd to explore carbon capture, utilisation, and storage (CCUS) solutions in Malaysia. The partnership aims to leverage both parties’ expertise to meet the growing demand for carbon capture in the energy sector. The MOU is valid for six months, with an option to extend.
RESERVOIR LINK SECURES CONTRACT FROM HIBISCUS OIL & GAS MALAYSIA LIMITED
Reservoir Link Energy Bhd (“Reservoir Link”) has been awarded a three-year contract by Hibiscus Oil & Gas Malaysia Limited for well leak diagnostic and remedial services, with an option to extend for another year.
YINSON RENEWABLES’ 97 MWP MATARANI SOLAR PROJECT IN PERU COMMENCES OPERATIONS
Yinson Renewables’ 97 MWp Matarani Solar Plant in Peru is now fully operational, generating 260 GWh annually. It powers 62,000 homes and cuts CO2 emissions by over 56,000 tonnes per year. This marks Yinson’s first project in Peru, positioning the company as the second largest solar generator in the country.
T7 GLOBAL ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS
T7 Global Berhad has appointed Dato’ Ir. Mat Rosly Bin Mat Daud as an Independent Non-Executive Director. With over 40 years of experience in airport and highway planning, he replaces Admiral Tan Sri Dato’ Seri Panglima Ahmad Kamarulzaman, who is stepping down to pursue personal interests.
ITMAX SECURES FOURTH SMART PARKING CONTRACT IN JOHOR
ITMAX System Berhad’s subsidiary, Southmax Sdn Bhd, has been appointed as the smart parking operator for 7,637 street parking bays in Segamat. The 15-year contract, effective 1 September 2024, operates on a revenue-sharing model, with Southmax receiving 70% of parking revenue.
PHARMANIAGA LAUNCHES MALAYSIA’S FIRST LOCALLY OWNED BIOPHARMACEUTICAL PLANT TO STRENGTHEN MEDICAL SUPPLY CHAIN
Pharmaniaga Berhad has launched Malaysia’s first locally owned biopharmaceutical plant, producing human insulin, biosimilars, and vaccines. Officiated by Defence Minister Dato’ Seri Mohamed Khaled Nordin, the plant aligns with LTAT’s investment strategy and the Ministry of Finance’s GEAR-uP initiative, boosting local pharmaceutical production and reducing reliance on imports.
YUWANG PLANTATION’S STAKE IN NGGB RISES TO 7.5%
Nextgreen Global Berhad (“NGGB” or the “Group”) announced that Tan Sri See Hong Cheen has secured 22.7 million shares from a private placement exercise, which were listed on Bursa Malaysia today. Alongside Yuwang Plantation Sdn Bhd’s 5.5% stake acquired in July 2024, the combined stake of Tan Sri See and the Yuwang Group in NGGB now totals 7.5%.
ITMAX FURTHER EXPANDS SMART PARKING SOLUTIONS IN JOHOR
ITMAX System Berhad (“ITMAX”) announced that its subsidiary, Southmax Sdn Bhd, has been appointed by Tangkak District Council (“MDT”) as the smart parking operator for 5,113 street parking bays. The 15-year contract, effective from 1 September 2024, operates on a revenue-sharing model, with Southmax receiving 70% of parking revenue.
KERJAYA PROSPEK HITS RM1.5 BILLION CONTRACT WINS TARGET FOR 2024
Kerjaya Prospek Group Berhad (“Kerjaya”) announced that its subsidiary, Kerjaya Prospek (M) Sdn. Bhd., has secured a RM292.8 million contract from Mega Legacy (M) Sdn. Bhd., a UEM Sunrise subsidiary, to build a 57-storey residential building in Mukim Batu, Kuala Lumpur. Construction begins on 17 September 2024, with a 38-month completion timeline.
BINASTRA RECEIVES SECOND DATA CENTRE CONTRACT WORTH RM574 MILLION
Binastra Corporation Berhad (formerly Comintel Corporation Bhd) (“Binastra” or the “Group”) has secured a RM574.4 million contract from Exsim Jalil Link Sdn Bhd for Phase 2 of a data centre development in Bukit Jalil, Kuala Lumpur. The project, including a 5-storey data centre block and office spaces, will begin on 1 October 2024 and complete within 16 months. This contract, the Group’s largest to date, pushes its outstanding order book to a record RM3.3 billion for FY2025, significantly exceeding its contract wins from the previous two years
