CENSOF SECURES RM4.04 MILLION CONTRACT TO DELIVER AND MAINTAIN AN INTEGRATED ACCOUNTING SYSTEM FOR TH TRAVEL & SERVICES
Censof Holdings Berhad (“Censof”) announced a RM4.04 million project with TH Travel & Services, led by its subsidiary Century Software. The project includes an integrated accounting system and automation tools to enhance financial management and efficiency at THTS.
UNIQUE FIRE ADVANCES TO THE NEXT LEVEL WITH THE PROPOSED TRANSFER TO THE MAIN MARKET
Unique Fire has proposed a transfer from the ACE Market to the Main Market of Bursa Malaysia, a move that highlights the Group’s strong financial standing, consistent performance, and growth in the fire safety industry since their listing in August 2022. Unique Fire has met the profit and capital criteria set by Bursa Malaysia and is well-positioned for continued success.
PARKWOOD BUYS RAWANG LAND FOR RM30.9 MILLIONFOR LANDED HOUSING DEVELOPMENT
Parkwood has acquired 32.3 acres of freehold land in Rawang for RM30.9 million, setting the stage for a modern residential enclave designed around sustainability, community, and seamless connectivity.
Singapore’s first fully electric cargo vessel,Yinson GreenTech’s Hydromover, wins Green Ship Award at SRS Forum 2024
Yinson GreenTech has been awarded the Green Ship Award at the Singapore Registry of Ships (SRS) Forum 2024 for its groundbreaking electric vessel, the Hydromover. Developed in collaboration with the Goal Zero Consortium and supported by MPA and the Singapore Maritime Institute, the Hydromover is Singapore’s first fully electric light cargo vessel.
AXIS-REIT SUCCESSFULLY RAISES RM449.73 MILLION THROUGH PRIVATE PLACEMENT
Axis Real Estate Investment Trust (Axis-REIT) has successfully raised RM449.73 million to drive its growth strategy, targeting high-quality, yield-accretive acquisitions and enhancing its current portfolio to deliver sustainable returns to unitholders. The placement price was set at RM1.71 per unit, reflecting a 5.1% discount to the average market price.
MGB NAMED AS ONE OF THE BEST PERFORMERS AT THE EDGE ESG AWARDS 2024, AND SCORES DIAMOND 1 STAR AT MOSHPA’s 20th OSH EXCELLENCE AWARDS 2024 WITHIN THE SAME WEEK
MGB Berhad (“MGB”), a subsidiary of LBS Bina Group Berhad, has received two notable awards for its ESG initiatives. The company secured the Silver award for Best Performer by Sector (Construction) at The Edge Malaysia ESG Awards 2024 and the Diamond 1 Star award for OSH Management from MOSHPA.
These recognitions highlight MGB’s commitment to sustainability and workplace safety, while the company continues progressing towards its Net Zero Carbon Emissions goal by 2050.
KEYFIELD LODGES ITS FIRST RM1.0 BILLION SUKUK WAKALAH PROGRAMME
Keyfield International Berhad has filed documents for a RM1.0 billion Sukuk Wakalah Programme with the Securities Commission Malaysia. The Sukuk, rated AA3, will fund Shariah-compliant investments in oil, gas, and maritime projects. CEO Dato’ Darren Kee highlighted the programme’s role in providing flexible financing to support growth.
KERJAYA PROSPEK WINS TWO NEW CONTRACTS WORTH RM34.4 MILLION
Kerjaya Prospek Group Berhad has secured two contracts through its subsidiary, totaling RM34.4 million. The projects, commencing on 5 November 2024, include piling work in Batu Kawan, Penang, and site clearance in Damansara Damai, Selangor. With an order book now at RM4.5 billion and 10 contracts worth RM1.6 billion secured this year, Kerjaya is well-positioned for continued growth.
RESERVOIR LINK ANNOUNCED PRICING OF INITIAL PUBLIC OFFERING FOR FOUNDER GROUP LIMITED
Reservoir Link Energy Bhd has announced the IPO pricing for its subsidiary, Founder Group Limited, offering 1,218,750 ordinary shares at $4.00 each to raise about $4.875 million. The shares will begin trading today on the Nasdaq under the ticker “FGL,” with the offering expected to close on October 24, 2024. US Tiger Securities is the sole underwriter. For more details, visit the SEC’s website or contact US Tiger Securities.
Yinson Production completes sale of minority stake in FPSO Anna Nery to “K” Line
On 22 October 2024, Yinson Production completed the sale of an 11.8% stake in Yinson Boronia Consortium Pte. Ltd., the entity that indirectly owns FPSO Anna Nery, to Kawasaki Kisen Kaisha, Ltd. (“K” Line) for USD 49 million. This sale, first announced in July 2020, follows key milestones like the final acceptance of the FPSO and successful refinancing. After the transaction, Yinson retains a 63.2% controlling stake in FPSO Anna Nery, which is critical to Petrobras’ Marlim field offshore Brazil.
This deal further strengthens the strategic partnership between Yinson, “K” Line, and Sumitomo Corporation.
