AXIS-REIT ACQUIRES 2 PROPERTIES IN PELABUHAN KLANG FOR RM158.644 MILLION
Axis-REIT is acquiring two warehouse facilities in Pelabuhan Klang for RM158.644 million. These properties, with a total lettable area of 301,228.40 sq. ft., will be leased to MDSB for 9 years, starting with a monthly rental of RM570,179.03
T7 GLOBAL SECURES RM74.6 MILLION CONTRACT FROM MINDEF
T7 Global Berhad (“T7 Global”) announced that its subsidiary, T7 Kemuncak Sdn Bhd, has secured a RM74.6 million contract from the Ministry of Defence Malaysia (“MINDEF”). The contract involves supplying, delivering, testing, and commissioning airfield surveillance radar (ASR) and associated systems to the Royal Malaysian Air Force (RMAF) over the next five years.
KIP REIT FURTHER INFLATES ASSET PORTFOLIO WITH 3RD ACQUISITION FOR THE YEAR
Pacific Trustees Berhad, on behalf of KIP REIT, has entered into a conditional SPA to acquire a leasehold land in Gerik, Perak for RM14.8 million. This acquisition aligns with KIP REIT’s strategy to expand its retail asset portfolio, now totaling 12 assets. The property, currently leased by TF Value-Mart, will offer an expected annual yield of 7.5%, enhancing sustainable growth.
YXPM RECEIVES BURSA APPROVAL FOR MAIN MARKET TRANSFER
YX Precious Metals Bhd has received approval from Bursa Malaysia to transfer their listing from the ACE Market to the Main Market, under the consumer products and services sector. This is a significant achievement for the Group as they continue to grow and expand.
OCK SECURES 3 NEW DATA CENTRE CONTRACTS WORTH RM32.5 MILLON
OCK Group Berhad’s subsidiary, EI Power Technologies Sdn Bhd, has secured three new contracts worth RM32.5 million for data centre backup power solutions. This critical project will ensure uninterrupted operations during power outages, further strengthening their position as Malaysia’s leading telecommunications network solutions provider.
KERJAYA PROSPEK SECURES RM275 MILLION CONTRACT
Kerjaya Prospek’s subsidiary has secured a RM275.3 million contract for a 50-storey serviced apartment in Pulau Andaman, Penang. Construction will begin on 2 January 2025 and is set to complete in 38 months. The contract is from Persada Mentari Sdn. Bhd., part of Eastern & Oriental Berhad.
T7 GLOBAL’S TSEVEN SHIRLEY MOPU ACHIEVES FIRST OIL
T7 Global Berhad’s wholly owned TSEVEN SHIRLEY Mobile Offshore Production Unit (MOPU) has successfully achieved first oil production at the Nong Yao field in the Gulf of Thailand. This is a significant step forward in their ongoing efforts to deliver innovative energy solutions across the region.
ITMAX SECURES RM539 MILLION VIDEO SURVEILLANCE CONTRACT FROM DBKL
ITMAX System Berhad has secured a RM539 million contract with DBKL to roll out 5,000 AI-driven surveillance cameras across Kuala Lumpur.
UNIQUE FIRE INKS STRATEGIC PARTNERSHIP WITH MOSAFE
Unique Fire Holdings Berhad has formed a joint venture with Shanghai Mosafe Equipment Co Ltd to create Unique Mosafe Sdn Bhd in Malaysia. Unique Fire holds 60% ownership, with Shanghai Mosafe at 40%. The venture will manufacture and distribute fire sprinklers globally, aiming for market penetration across Southeast Asia and other regions.
CENSOF BAGS RM14.6 MILLION CONTRACT FROM PENANG DEVELOPMENT CORPORATION
Censof Holdings Berhad announced that it has accepted a letter of acceptance from Penang Development Corporation (“PDC”) through its subsidiary, Century Software (Malaysia) Sdn. Bhd. worth RM14.6 million.
