AXIS-REIT COMPLETES MAIDEN RM300.0 MILLION SENIOR SUKUK ISSUANCE
Axis-REIT has completed its maiden RM300.0 million Senior Sukuk issuance to strengthen its financing mix and fund future growth.
UMEDIC UNVEILS NEW STRATEGIC VENTURE INTO MEDICAL SERVICES
UMediC Group Berhad has officially launched its new medical services segment at its headquarters today, marking a strategic vertical expansion into healthcare services.
Building on its strong presence among hospitals and local healthcare providers, this new segment will offer post-recovery care at a dedicated care centre, comprehensive ambulance solutions equipped with the latest medical devices, and a learning centre to conduct training workshops for public health awareness and professional medical training, further enhancing UMC’s integrated healthcare offerings.
COGNITIVE CONSULTING, A CENSOF SUBSIDIARY, RECOGNISED AS UIPATH AGENTIC AUTOMATION FAST TRACK PARTNER
AGOGO FPSO ACHIEVES FIRST OIL FOUR MONTHS AHEAD OF SCHEDULE AND BEGINS 15-YEAR FIRM CHARTER
Yinson Production has begun the 15-year charter for the Agogo FPSO with Azule Energy, following first oil achieved four months ahead of schedule. The USD 5 billion contract marks Yinson’s first asset in Angola and the world’s first operating FPSO with carbon capture technology.
SKYWORLD DEVELOPMENT ACQUIRES 26.4 ACRES IN PENANG TO BUILD NEW PPVC MODULAR SYSTEMS MANUFACTURING FACTORY
SkyWorld Development Berhad is acquiring 26.4 acres of freehold land in Seberang Perai Tengah, Penang for RM82.7 million to build a modular systems factory, supporting its 35,000-unit affordable housing projects under the Rumah Bakat MADANI schemes.
ITMAX SECURES SECOND SMART PARKING CONTRACT IN SELANGOR
ITMAX System Berhad’s unit Selmax Sdn Bhd has been appointed by Shah Alam City Council to operate the Selangor Intelligent Parking (SIP) system for 10 years, with a 5-year extension option, under a 50:50 revenue-sharing model. CEO William Tan Wei Lun said the contract reinforces ITMAX’s role in modernising urban mobility through AI-powered solutions that enhance parking compliance, efficiency, and public safety.
PHARMANIAGA COMPLETES REGULARISATION PLAN, SETS COURSE TO EXIT PN17 BY Q1 2026
Pharmaniaga Berhad has completed its Regularisation Plan with the successful RM520 million Capital Reduction, paving the way to exit PN17 by Q1 2026.
The Group had earlier raised RM223.7 million via Rights Issue and Private Placement, with proceeds to reduce debt, boost expansion, and strengthen financial resilience.
Yinson Production acquires FPSO Atlanta project loan
Yinson Production has completed the buy-out of the FPSO Atlanta project loan from Brava Energia S.A., paying USD 255.5 million plus USD 1.9 million in interest for a loan with USD 408.8 million outstanding.
The deal was funded with internal cash, with future debt financing planned. FPSO Atlanta, acquired in 2023, is under a 15-year firm contract with a remaining value of approximately USD 2 billion.
ITMAX EXPANDS ITS PRESENCE INTO SELANGOR STATE
ITMAX System Berhad, through Selmax Sdn Bhd, has secured a 10-year deal to operate Selangor Intelligent Parking for MBSJ, with a 50% revenue share. The project marks ITMAX’s entry into Selangor, advancing the state’s Smart City agenda with AI-powered parking solutions.
AXIS-REIT ACQUIRES WAREHOUSE FACILITY IN KLANG FOR RM80.0 MILLION
Axis-REIT is acquiring a fully leased warehouse in Telok Gong, Klang for RM80 million, a move expected to boost recurring income and strengthen earnings by end-2026.
