KIP REIT COMPLETES SECOND TRANCHE OF PRIVATE PLACEMENT

KIP Real Estate Investment Trust (“KIP REIT”) has completed the second tranche of its private placement, issuing 37 million new units at RM0.825 per unit to raise RM30.5 million. The new units will be listed on Bursa Malaysia on 15 October 2025.

This concludes the private placement of 160 million units, raising a total of RM130.2 million to strengthen KIP REIT’s balance sheet and fund recent acquisitions. CEO Ms. Valerie Ong said the strong investor support reflects confidence in KIP REIT’s growth strategy and commitment to delivering sustainable returns.

ORKIM WELCOMES MARC’S POSITIVE OUTLOOK REVISION REFLECTING STRENGTH AND STRATEGIC GROWTH

Orkim Berhad (“Orkim”) announced that MARC Ratings Berhad (“MARC”) has affirmed the AA-IS rating on its RM1.0 billion Islamic Medium-Term Notes (IMTN) Programme and revised the outlook to Positive from Stable.

The revision reflects confidence in Orkim’s strong fundamentals, leadership in the domestic clean petroleum product (CPP) transportation market, and growth prospects. It also follows a proposed shareholder restructuring that will see Permodalan Nasional Berhad (PNB) and its managed Unit Trust Funds become majority shareholders, reinforcing institutional support aligned with the GEAR-uP initiative.

CEO Captain Cheah Sin Bi said the outlook revision underscores Orkim’s solid strategy and long-term value creation.

BINASTRA BAGS ITS FIRST SOLAR AND BATTERY STORAGE EPCC CONTRACT IN JOHOR

Binastra Corporation Berhad announced that its unit, Binastra Green Energy Sdn Bhd, has secured a RM305 million EPCC contract from Bahru Stainless Sdn Bhd to develop a 65MWp solar PV system and 200MWh battery storage at its Pasir Gudang plant.

The AI-integrated project will supply 80% of the plant’s energy needs, cutting costs by up to RM45.6 million annually and avoiding 61,920 tonnes of CO₂ emissions, aligning with Malaysia’s NETR and SelCo initiatives.

Leader Energy to Develop Sarawak’s 100MW Large-Scale Solar Farm in Tanjung Manis

Leader Energy Group Berhad, through its subsidiary Leader Energy (Sarawak) Sdn Bhd, has signed a PPA with Syarikat SESCO Berhad to develop a 100MW solar farm in Tanjung Manis, Sarawak. Partnering with Pusaka Capital and Smartgen Energy, the project — slated for completion by 2027 — will supply clean power under a 30-year agreement, supporting Sarawak’s renewable energy goals and Malaysia’s clean energy transition

LFG ANNOUNCES DISPOSAL OF KAYRA, ITS AWB VESSEL

Lianson Fleet Group Berhad (“LFG”) has agreed to sell its accommodation workboat Kayra to MAG Offshore Investments LLC for RM92.6 million, as part of its strategy to modernise its fleet, enhance efficiency, and diversify into new asset classes. The deal is expected to complete by December 2025.

KIP REIT Broadens Industrial Footprint with Sarawak Acquisition Completion

KIP REIT has completed its first East Malaysia acquisition, securing an industrial property in Bintulu, Sarawak for RM28.7 million. The fully occupied asset, tenanted by Hextar Solutions, strengthens KIP REIT’s portfolio diversification and supports its RM2.0 billion AUM growth target.

SKYWORLD DEVELOPMENT REAFFIRMS RM4.6 BILLION GDV TARGET AND STRENGTHENS FOCUS ON URBAN AFFORDABLE HOUSING AT 2025 AGM

SkyWorld Development Berhad successfully held its 2025 AGM, with shareholders approving all resolutions, including the re-election of directors and reappointment of Deloitte PLT as external auditor.

Chairman Datuk Seri Ng Thien Phing thanked shareholders for their support, citing strong demand for urban affordable housing as a key growth driver.

CEO Lee Chee Seng reaffirmed the target of RM4.6 billion GDV by 2026 and highlighted the Penang project—Malaysia’s largest affordable housing development and first using PPVC technology—as a major milestone in expanding beyond the Klang Valley.

KIP REIT MARKS EAST COAST EXPANSION WITH COMPLETION OF KIP KUANTAN

KIP REIT has completed its RM56.0 million acquisition of three retail assets in Kuantan, expanding its portfolio to 16 properties valued at around RM1.7 billion. Anchored by long-term leases with Lotus’s and KFC, KIP Kuantan strengthens income stability and geographic diversification.

ITMAX SECURES SIXTH AI-POWERED VIDEO SURVEILLANCE CONTRACT IN JOHOR

ITMAX System Berhad (“ITMAX”), via subsidiary Southmax Sdn Bhd, has won a RM51.0 million, 180-month contract from Batu Pahat Municipal Council to deploy and maintain a smart operations centre, AI-powered CCTV, and AI traffic lights. CEO William Tan Wei Lun said the project strengthens public safety, traffic flow, and long-term earnings visibility under ITMAX’s subscription-based model.

LFG TO ACQUIRE TWO ADDITIONAL BULK CARRIERS

Lianson Fleet Group Berhad (“LFG”), formerly Icon Offshore Berhad, is acquiring two bulk carriers for RM115.1 million, raising its bulk carrier fleet to three and total vessels to 39. The move supports LFG’s diversification beyond OSVs and strengthens recurring income streams.