UNIQUE FIRE CONCLUDES ITS 3rd ANNUAL GENERAL MEETING WITH A FOCUS ON SUSTAINABLE GROWTH
Unique Fire Holdings Berhad (“Unique Fire” or the “Group”) conducted its 3rd Annual General Meeting (AGM) virtually today, allowing shareholders to participate through live streaming and remote voting. The audited financial statements for the year ended 31 March 2024, along with the Directors’ and Auditors’ Reports, were presented and received, and all resolutions outlined in the AGM notice dated 30 July 2024 were passed by poll.
marinEV’s Hydromover Commences Commercial Trials to Electrify and Decarbonise Cargo Transfers
Yinson GreenTech’s (“YGT”) marinEV has launched trials for the Hydromover, Singapore’s first fully electric cargo vessel. Funded by the Maritime and Port Authority of Singapore (“MPA”) and Singapore Maritime Institute (“SMI”), the Hydromover offers zero emissions and lower costs.vThe trials began on 26 August 2024 with OPL Services and support Singapore’s goal of net-zero emissions for harbour crafts by 2050.
BINASTRA WINS 10TH CONTRACT FOR FY2025
Binastra Corporation Berhad (“Binastra” or the “Group”) announced that its subsidiary, Binastra Builders Sdn. Bhd., has secured a RM283.3 million contract from Kaisar Maxim Sdn. Bhd. for a major residential development in Taman Desa, Kuala Lumpur. This contract, Binastra’s 10th for FY2025, raises its total contract wins for the year to RM1.9 billion, well above last year’s RM612.2 million. The project involves constructing 624 residential units across three 31-storey blocks, with a completion timeline of 32 months starting 17 September 2024.
KIPMALL SENAWANG’S REJUVENATION EXERCISE REDEFINES SHOPPING EXPERIENCE
KIP Real Estate Investment Trust (“KIP REIT”) has completed asset enhancement initiatives for KIPMall Senawang, Negeri Sembilan. The upgrades, started in February 2024, include new retail and F&B outlets, entrance renovations, and system enhancements. A 51,000 sq ft area was added for anchor tenant ST Rosyam. KIPMall Senawang, with 84 retail outlets, features a fresh market, retail zones, and popular tenants like MR DIY, KFC, Watson, and Zus Coffee
99 HOLDINGS POSTS RM4.8 BILLION REVENUE FOR 1H2024 RESULTING IN 41.6% Y-O-Y LEAP IN PAT
99 Speed Mart Retail Holdings Berhad (“99 Holdings”) reported an 8.2% year-on-year revenue increase to RM2.4 billion for Q2 2024, driven by new outlets and e-commerce growth. Profit before tax rose 65% to RM169.5 million, while profit after tax grew 66.3% to RM125.5 million. For the first half of 2024, revenue reached RM4.8 billion, with profit before tax and profit after tax up 41.5% and 41.6%, respectively.
BINASTRA SECURES RM236 MILLION CONTRACT FOR MAJOR DEVELOPMENT PROJECT IN PETALING JAYA
Binastra Corporation Berhad (“Binastra”) has secured a RM235.5 million contract to develop a 39-storey serviced apartment in Sentral Damansara, Petaling Jaya, featuring 662 units, a rooftop “Sky Garden,” and a 4-level parking podium. The project is expected to be completed in 40 months.
Yinson divests offshore marine business to Icon Offshore
Yinson Holdings Berhad (“Yinson”) will divest its offshore marine business, Regulus Offshore, to Icon Offshore Berhad (“ICON”) for RM160 million via new ICON shares at RM0.88 each. This strategic move, subject to shareholder and regulatory approvals, will enable Yinson to focus on its FPSO and energy transition businesses while retaining a stake in ICON for future growth opportunities.
SKYWORLD DEVELOPMENT SIGNS MOU FOR SECOND PROJECT IN VIETNAM
SkyWorld Development Berhad (“SkyWorld Development”) announced its second venture in Vietnam through its subsidiary, SkyWorld Development (Vietnam) Company Limited. The company signed an MOU with SkyVenue Land Group to co-develop the remaining plots of the Guocoland Commercial Complex in Thuan An City, Binh Duong Province, Vietnam. The project includes two residential plots and a mixed-use tower, with plans to launch by Q4 2024.
KIP REIT EXPANDS INDUSTRIAL FOOTPRINT WITH 4 NEW ACQUISITIONS
KIP REIT, through Pacific Trustees Berhad, is set to acquire four strategic industrial properties in Malaysia for RM98.3 million. This move aligns with KIP REIT’s strategy to diversify its portfolio, ensuring stable rental yields.
BINASTRA SECURES RM155 MILLION MEMBRANE BIOLOGICAL REACTOR SEWAGE PLANT CONSTRUCTION CONTRACT
Binastra Corporation Berhad has secured a RM155.0 million contract! Its wholly owned subsidiary, Binastra Builders Sdn. Bhd. will design and build a membrane biological reactor (MBR) sewage treatment plant in Sri Hartamas, Kuala Lumpur, with a capacity of 160,000 Population Equivalents. The project is expected to be completed within 36 months.
