SKYWORLD DEVELOPMENT PARTNERS WITH PR1MA TO BUILD AFFORDABLE HOMES IN BRICKFIELDS
SkyWorld Development Berhad, through its subsidiary Aspirasi Cekap Sdn Bhd, has entered a joint development agreement with PR1MA Corporation to develop SkyAwani Prima in Brickfields. The project includes 491 affordable apartments, each priced at RM390,000.
The development, valued at RM191.49 million, is designed for middle-income households and promotes “Healthy Building, Healthy Living.”
Leader Energy secures over US$100 million investment from CAF II to accelerate renewable energy growth in Southeast Asia
Leader Energy Group Berhad has secured over US$100 million from the China-ASEAN Investment Cooperation Fund II (CAF II) to enhance its renewable energy initiatives in Southeast Asia. Since its entry into the sector in 2016, the company has achieved more than 550 megawatts in capacity and aims to double this within five years.
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.
