Economy of Malaysia

CEKD Berhad Signs IPO Underwriting Agreement with M&A Securities

Retrieved on: 
Monday, August 2, 2021
Companies, Actuarial science, Underwriting, Economy of Malaysia, AmBank, Pos Malaysia

KUALA LUMPUR, Aug 2, 2021 - (ACN Newswire) - CEKD Berhad ("CEKD" or the "Company"), a die-cutting solutions provider as well as manufacturer of die-cutting moulds and trader of related consumables, tools and accessories, has on even date signed an underwriting agreement with M&A Securities Sdn Bhd ("M&A Securities").

Key Points: 
  • KUALA LUMPUR, Aug 2, 2021 - (ACN Newswire) - CEKD Berhad ("CEKD" or the "Company"), a die-cutting solutions provider as well as manufacturer of die-cutting moulds and trader of related consumables, tools and accessories, has on even date signed an underwriting agreement with M&A Securities Sdn Bhd ("M&A Securities").
  • This underwriting agreement is a precursor to the upcoming initial public offering ("IPO") of the Company on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") that will take place in September 2021.
  • Under the agreement, M&A Securities will underwrite 19.46 million of the total proposed issue of shares allocated to the Malaysian public or through pink forms.
  • Managing Director of CEKD Berhad, Ms. Yap Kai Ning said, "The signing of the underwriting agreement brings us closer towards our goal of taking CEKD public through an IPO.

Dynafront Successfully Lists on LEAP Market of Bursa Malaysia

Retrieved on: 
Friday, July 23, 2021
Government of Malaysia, Companies, Economy of Malaysia, BIMB Holdings, Permodalan Nasional Berhad, Tabung Haji, Takaful Malaysia

KUALA LUMPUR, July 23, 2021 - (ACN Newswire) - Dynafront Holdings Berhad ("DynaFront" or the "Company"), an insurance technology specialist, made a successful debut on the LEAP Market of Bursa Securities Malaysia Berhad ("Bursa Securities") today at 23 sen per share, which was 2 sen or 9.6% higher than its offer price of 21 sen per share.

Key Points: 
  • KUALA LUMPUR, July 23, 2021 - (ACN Newswire) - Dynafront Holdings Berhad ("DynaFront" or the "Company"), an insurance technology specialist, made a successful debut on the LEAP Market of Bursa Securities Malaysia Berhad ("Bursa Securities") today at 23 sen per share, which was 2 sen or 9.6% higher than its offer price of 21 sen per share.
  • DynaFront's solutions, offered either as proprietary software products or managed services, have been successfully deployed to markets in Malaysia, Indonesia, Singapore, Philippines, Taiwan and Hong Kong.
  • DynaFront also offers PrecentiaTakaful supporting the Wakalah, Mudharabah and hybrid concepts and can be integrated into various Takaful models.
  • For more information, please contact Hakim J. Munif at +60 12-318 5410 or [email protected].

Haily Group Berhad aims to raise RM20.4 million from IPO

Retrieved on: 
Wednesday, June 30, 2021
Companies, Economy of Malaysia, Finance, Permodalan Nasional Berhad, Investment banks

KUALA LUMPUR, June 30, 2021 - (ACN Newswire) - Haily Group Berhad ("Haily" or the "Group") aims to raise RM20.4 million from its upcoming listing on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") through an Initial Public Offering ("IPO") exercise.

Key Points: 
  • KUALA LUMPUR, June 30, 2021 - (ACN Newswire) - Haily Group Berhad ("Haily" or the "Group") aims to raise RM20.4 million from its upcoming listing on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") through an Initial Public Offering ("IPO") exercise.
  • Launching its Prospectus today, Haily said the IPO involved a public issue of 30.00 million shares at RM0.68 each which is expected to raise gross proceeds of RM20.40 million.
  • This augurs well with the listing of Haily Group Berhad on the ACE Market of Bursa Malaysia Securities Berhad."
  • Dividends declared and distributed by the Group for the financial year ended 31 December ("FYE") 2017, FYE 2018, FYE 2019 and FYE 2020 were RM10.01 million, RM5.25 million, RM6.00 million and RM2.50 million respectively.

Central Global Berhad Posts 25% Rise in Revenue

Retrieved on: 
Tuesday, May 25, 2021
Companies, Economy of Malaysia, Finance, Investment banks, Permodalan Nasional Berhad

KUALA LUMPUR, May 25, 2021 - (ACN Newswire) - Main Market-listed Central Global Berhad ("CGB") recorded a 25.42% increase in revenue to RM37.56 million for the first quarter ended 31 March 2021 ("1Q2021") compared to RM29.95 million recorded in the same quarter of the previous year.

Key Points: 
  • KUALA LUMPUR, May 25, 2021 - (ACN Newswire) - Main Market-listed Central Global Berhad ("CGB") recorded a 25.42% increase in revenue to RM37.56 million for the first quarter ended 31 March 2021 ("1Q2021") compared to RM29.95 million recorded in the same quarter of the previous year.
  • The plans that we shared publicly are being implemented and we are confident that these plans will benefit the Group."
  • "The approval by Bursa Malaysia Securities Berhad of our proposed private placement of 18 million new shares in late April will help these plans along.
  • We continue to adhere to all standard operating procedures to ensure the safety and health of our employees, vendors and customers."

Malaysia Water Purifiers Market, Competition, Forecast & Opportunities, 2027 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, May 4, 2021
Other Manufacturing, Manufacturing, Companies, Prime Minister's Department, Economy of Malaysia, IJM Corporation, Malaysia

The POU systems are installed at the tap water supply point whereas, the POE systems are installed at the main water supply inlet.

Key Points: 
  • The POU systems are installed at the tap water supply point whereas, the POE systems are installed at the main water supply inlet.
  • West Malaysia has a majority of urban population, which boosts the growth of water purifiers in the market.
  • East Malaysia is rich in natural sources and comprises mainly of the rural population which rely on the traditional tap water sources for water consumption.\nThe major players operating in the Malaysian Water Purifiers Market are Coway (Malaysia) Sdn.
  • Bhd., Aqua Kent RO Malaysia, NEP Holdings (Malaysia) Berhad, 3M Malaysia Sdn.

MMC Corporation Berhad chooses Ramco Systems to digitally transform five ports in Malaysia's single largest port transformation programme

Retrieved on: 
Friday, April 9, 2021
MMC Corporation Berhad, Companies, Economy of Malaysia, Johor Port, Economy of Asia, Malakoff, IJM Corporation

The digital transformation will consolidate and standardise processes of MMC's ports, which include Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), Johor Port Berhad, Northport (Malaysia) Bhd, Penang Port Sdn Bhd and Tanjung Bruas Port Sdn Bhd.

Key Points: 
  • The digital transformation will consolidate and standardise processes of MMC's ports, which include Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), Johor Port Berhad, Northport (Malaysia) Bhd, Penang Port Sdn Bhd and Tanjung Bruas Port Sdn Bhd.
  • "With the support from Ramco Systems, MMC is committed to accelerate digital transformation that delivers efficiency, productivity and reliability within our ports to provide the best-in-class service for our customers.
  • Venketrama Raja, Chairman, Ramco Group, said, "It is a great honour to work alongside the MMC Group to help upgrade its ports.
  • MMC Corporation Berhad ("MMC") is a leading utilities and infrastructure group with diversified businesses under four divisions, namely Ports and Logistics, Energy and Utilities, Engineering, and Industrial Development.

MMC Corporation Berhad Chooses Ramco Systems to Digitally Transform Five Ports in Malaysia's Single Largest Port Transformation Programme

Retrieved on: 
Thursday, April 8, 2021
MMC Corporation Berhad, Companies, Economy of Malaysia, Johor Port, Economy of Asia, Malakoff, IJM Corporation

The digital transformation will consolidate and standardise processes of MMC's ports, which include Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), Johor Port Berhad, Northport (Malaysia) Bhd, Penang Port Sdn Bhd and Tanjung Bruas Port Sdn Bhd.

Key Points: 
  • The digital transformation will consolidate and standardise processes of MMC's ports, which include Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), Johor Port Berhad, Northport (Malaysia) Bhd, Penang Port Sdn Bhd and Tanjung Bruas Port Sdn Bhd.
  • With the support from Ramco Systems, MMC is committed to accelerate digital transformation that delivers efficiency, productivity and reliability within our ports to provide the best-in-class service for our customers.
  • Venketrama Raja, Chairman, Ramco Group, said, "It is a great honour to work alongside the MMC Group to help upgrade its ports.
  • MMC Corporation Berhad ("MMC") is a leading utilities and infrastructure group with diversified businesses under four divisions, namely Ports and Logistics, Energy and Utilities, Engineering, and Industrial Development.

Volcano IPO Debut Sees Jump of 100% to 70 sen on ACE Market

Retrieved on: 
Tuesday, April 6, 2021
Companies, Economy of Malaysia, Finance, Investment banks

KUALA LUMPUR, Apr 6, 2021 - (ACN Newswire) - Volcano Berhad ("VOLCANO", Stock Code: 0232), a leading international manufacturer of nameplates and plastic injection moulded parts, successfully listed on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") today.

Key Points: 
  • KUALA LUMPUR, Apr 6, 2021 - (ACN Newswire) - Volcano Berhad ("VOLCANO", Stock Code: 0232), a leading international manufacturer of nameplates and plastic injection moulded parts, successfully listed on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") today.
  • In today's highly competitive business environment, this expansion will accelerate our move towards automation and streamline our manufacturing process to ensure sustainable growth.
  • Volcano's foreign market accounts for more than 95% of overall revenue in the financial year ended 31 December 2020.
  • TA Securities Holdings Berhad is the Principal Adviser, Sole Placement Agent, Sole Underwriter and Sponsor for the IPO exercise.

Resorts World Las Vegas Unveils Culinary Portfolio Featuring a Diverse Mix of Dining Venues, Restaurant Partners and Cocktail Lounges

Retrieved on: 
Thursday, April 1, 2021
Las Vegas Strip, Genting Highlands, Resorts World Las Vegas, Genting Group, Resorts World, Resort, Companies, Economy of Malaysia

LAS VEGAS, April 1, 2021 /PRNewswire/ --Opening this summer, Resorts World Las Vegas is introducing its dynamic dining and cocktail portfolio.

Key Points: 
  • LAS VEGAS, April 1, 2021 /PRNewswire/ --Opening this summer, Resorts World Las Vegas is introducing its dynamic dining and cocktail portfolio.
  • "Our guests will have no shortage of incredible dining options when they visit the resort," said Resorts World Las Vegas Vice President of Food and Beverage Bart Mahoney.
  • Sun's Out Buns Out Thisplayful eatery, developed by Resorts World Las Vegas, will present an innovative take on comfort food, starring one key ingredient: eggs.
  • Resorts World Las Vegas is being developed by Genting Berhad, a publicly traded Malaysian corporation registered with the Nevada Gaming Commission.

Bin Zayed International targets RM100 billion FDI to Malaysia in the next few years

Retrieved on: 
Tuesday, March 30, 2021
World, Countries, Articles, Klang Valley, Kuala Lumpur, Peninsular Malaysia, Economy of Malaysia, Foreign direct investment, Widad, Malaysia

KUALA LUMPUR, Mar 31, 2021 - (ACN Newswire) - Bin Zayed International (BZI) LLC has targeted bringing RM100 billion worth of foreign direct investment (FDI) to Malaysia in the next few years, to be delivered in phases, starting with the development of Widad@Langkasuka.

Key Points: 
  • KUALA LUMPUR, Mar 31, 2021 - (ACN Newswire) - Bin Zayed International (BZI) LLC has targeted bringing RM100 billion worth of foreign direct investment (FDI) to Malaysia in the next few years, to be delivered in phases, starting with the development of Widad@Langkasuka.
  • In a formal letter to the Prime Minister of Malaysia, BZI expressed its strong interest to invest in Malaysia via an exclusive collaboration with Widad Business Group.
  • Starting with Widad@Langkasuka, we believe that our involvement in projects here can bring in FDI of more than RM100 billion for the next few years.
  • This strong cash flow influx can assist to provide a significant recovery boost for the Malaysian economy as well as the creation of more than 30,000 jobs," he added.