MGB SECURES NEW ORDERS FOR SUPPLY AND INSTALLATION OF PRECAST CONCRETE PRODUCTS FOR THE PRESTIGIOUS ROSHN ALAROUS DEVELOPMENT IN JEDDAH
MGB Berhad (“MGB”), a subsidiary of LBS Bina Group Berhad, has secured two Purchase Orders worth SAR75.06 million (RM88.57 million) in Saudi Arabia through its unit, MGB International For Industry (“MGBI”). The orders, from Sany Alameriah, involve supplying and installing precast elements for the ROSHN ALAROUS development in Jeddah.
MGB’s Group Executive Chairman, Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San, said, “These orders strengthen our presence in KSA and reinforce our commitment to delivering quality solutions.” MGBI has also secured additional orders for hollow core slabs, further boosting its 2025 outlook.
Yinson GreenTech’s chargEV partners Khazanah to accelerate development of Malaysia’s EV charging ecosystem
Yinson GreenTech’s chargEV has secured an investment from Khazanah Nasional Berhad via Dana Impak to accelerate EV charging infrastructure expansion. This supports Malaysia’s goal of 10,000 charging points and aligns with the National Energy Transition Roadmap (NETR) towards net zero by 2050.
Yinson GreenTech CEO Lim Chern Yuan said the investment strengthens chargEV’s growth, as its pay-per-use revenue has increased fivefold. Khazanah’s Managing Director Dato’ Amirul Feisal Wan Zahir emphasized the importance of supporting Malaysia’s EV ecosystem, while MGTC’s Acting CEO En Saiful Adib Abdul Munaff highlighted the need for strategic deployment of chargers.
KIP REIT REDUCES ENERGY COSTS BY 15% AND LOWERS CARBON FOOTPRINT
KIP REIT partners with KJTS SB in a 20-year deal to enhance energy efficiency, cutting costs by 15% and reducing carbon emissions. The RM25.3 million upgrade supports sustainability and long-term value for unitholders.
AEON AND KIP REIT SIGN MOU TO EXPAND AEON MALL KINTA CITY
AEON CO. (M) BHD. (“AEON”) has signed an MoU with Pacific Trustees Berhad, trustee of KIP REIT, to expand AEON Mall Kinta City in Perak. The project aligns with KIP REIT’s strategy to enhance property value and attract premium tenants, with AEON committing to a long-term master lease.
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.
