ITMAX BAGS FIFTH SMART PARKING CONTRACT IN JOHOR
ITMAX System Berhad (“ITMAX”) announced that its subsidiary, Southmax Sdn Bhd, has been appointed as the smart parking operator for 8,650 street parking bays in Muar. The 15-year contract, effective 1 October 2024, allows Southmax to retain 70% of the revenue.
KIP REIT CONCLUDES ITS 8TH AGM AND EGM, GARNERING STRONG UNITHOLDERS’ SUPPORT
KIP REIT successfully held its 8th AGM and EGM, securing strong support for all resolutions, including the RM320 million acquisition of DPulze Shopping Centre.
PHARMANIAGA ANNOUNCES KEY LEADERSHIP CHANGES
Pharmaniaga Berhad has appointed Dato’ Seri Abdul Razak Jaafar as its new Independent Non-Executive Chairman, succeeding Izaddeen Daud. Dato’ Seri Abdul Razak brings a wealth of experience in public administration and corporate governance. Pharmaniaga’s Managing Director, Zulkifli Jafar, believes his leadership will drive the Group’s growth, especially in the biopharmaceutical sector. Additionally, Ahmad Shahredzuan Mohd Shariff has been appointed Chief Operating Officer
P.A. EXTRUSION (M) SDN. BHD., A WHOLLY OWNED SUSBDIARY OF P.A. RESOURCES RECEIVES FINAL AFFIRMATIVE 0% TARIFF IN U.S. ANTI-DUMPING AND COUNTERVAILING DUTY
P.A. Resources Berhad (“PA Group”), Malaysia’s leading aluminium extruder, proudly announces that the U.S. Department of Commerce has determined a 0% dumping rate for the Group following anti-dumping proceedings. This ruling confirms that PA Group’s aluminium extrusions are fairly priced in the U.S., allowing customers to operate without additional tariffs, enhancing the Group’s competitiveness in one of the world’s largest markets.
SKYWORLD WRAPS UP ITS 2024 AGM AND EGM WITH STRONG SHAREHOLDERS’ SUPPORT
SkyWorld Development Berhad (“SkyWorld Development” or the “Company”), an urban property developer, successfully concluded its 2024 Annual General Meeting (“AGM”) and Extraordinary General Meeting (“EGM”). All resolutions presented in the AGM Notice were approved by shareholders, including the proposed offer allocation to CEO Lee Chee Seng under the long-term incentive plan, which had been approved in June 2024.
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.
