Permodalan Nasional Berhad

Grab to Trade on Nasdaq Following Successful Business Combination with Altimeter

Retrieved on: 
Wednesday, December 1, 2021
Retail, Security, Data Management, Consumer Electronics, Technology, Finance, Banking, Accounting, Professional Services, Online Retail, Telecommunications, Software, Networks, Food, Beverage, Internet, Mobile, Wireless, Janus, Form, Fidelity International, Climate change, Altimeter, Heart, Fund, CEO, Permodalan Nasional Berhad, Total, TPV, Research, LP, Djarum, Food, Nuveen, BlackRock, AGC, Insurance, PIPE, Morgan Stanley, Forward-looking statement, MTU, Goal, U.S. Securities and Exchange Commission, Telehealth, GMV, Growth, GHL, Acquisition, Google, Temasek, COVID-19, City, Nasdaq, Knowledge, Form F-4, Internet, Cryptocurrency, Food delivery, Ridesharing company, Online shopping, Risk management

Grab Holdings Limited (Grab), Southeast Asias leading superapp1, today completed its previously announced business combination with Altimeter Growth Corp. (Nasdaq: AGC) (Altimeter), a special purpose acquisition company.

Key Points: 
  • Grab Holdings Limited (Grab), Southeast Asias leading superapp1, today completed its previously announced business combination with Altimeter Growth Corp. (Nasdaq: AGC) (Altimeter), a special purpose acquisition company.
  • The business combination was approved by Altimeter stockholders in a special meeting held on November 30, 2021.
  • Grabs common stock is expected to begin trading on the Nasdaq on December 2, 2021 under the ticker symbol "GRAB."
  • Altimeter is honored to partner with Grab on this significant milestone and as long-term owners to support their continued innovation, growth and economic impact.

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."

Sime Darby Foundation Backs Global Calls to Turn the Tide on Biodiversity Loss

Retrieved on: 
Tuesday, December 22, 2020
Biology, Branches of biology, Permodalan Nasional Berhad, Sime Darby, Sime, Maludam National Park, Biodiversity

Sime Darby Foundation (SDF) plans for its conservation programs heeds the clarion call from the United Nation's Biodiversity Conference to address the post-2020 global biodiversity framework.

Key Points: 
  • Sime Darby Foundation (SDF) plans for its conservation programs heeds the clarion call from the United Nation's Biodiversity Conference to address the post-2020 global biodiversity framework.
  • The Sime Darby Plant-A-Tree programme which began in 2008 has planted about 500,000 trees to increase biodiversity value in SDP's operational areas.
  • In all the projects supported by the Sime Darby Foundation, we put the needs of local communities on the same level of importance as conservation.
  • In a project with the Sarawak Forestry Corporation which will run from 2021-2023, the Sime Darby Foundation is supporting conservation in Maludam National Park (MNP).

Sime Darby Foundation Backs Global Calls to Turn the Tide on Biodiversity Loss

Retrieved on: 
Tuesday, December 22, 2020
Biology, Branches of biology, Permodalan Nasional Berhad, Sime Darby, Sime, Maludam National Park, Biodiversity

Sime Darby Foundation (SDF) plans for its conservation programs heeds the clarion call from the United Nation's Biodiversity Conference to address the post-2020 global biodiversity framework.

Key Points: 
  • Sime Darby Foundation (SDF) plans for its conservation programs heeds the clarion call from the United Nation's Biodiversity Conference to address the post-2020 global biodiversity framework.
  • The Sime Darby Plant-A-Tree programme which began in 2008 has planted about 500,000 trees to increase biodiversity value in SDP's operational areas.
  • In all the projects supported by the Sime Darby Foundation, we put the needs of local communities on the same level of importance as conservation.
  • In a project with the Sarawak Forestry Corporation which will run from 2021-2023, the Sime Darby Foundation is supporting conservation in Maludam National Park (MNP).

AM Best Affirms Credit Ratings of Malaysian Reinsurance Berhad

Retrieved on: 
Thursday, December 10, 2020
Insurance, Professional services, Finance, Reinsurance companies, Credit rating agencies, Malaysian Re, Permodalan Nasional Berhad, Credit rating, AM Best

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Malaysian Reinsurance Berhad (Malaysian Re) (Malaysia).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Malaysian Reinsurance Berhad (Malaysian Re) (Malaysia).
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

AM Best Affirms Credit Ratings of Malaysian Reinsurance Berhad

Retrieved on: 
Thursday, December 19, 2019
Professional services, Insurance, Finance, Finance, Reinsurance companies, Economy, Credit rating agencies, Malaysian Re, Permodalan Nasional Berhad, AM Best, Enterprise risk management, Rating, Credit rating

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Malaysian Reinsurance Berhad (Malaysian Re) (Malaysia).The outlook of these Credit Ratings (ratings) is stable.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- of Malaysian Reinsurance Berhad (Malaysian Re) (Malaysia).The outlook of these Credit Ratings (ratings) is stable.
  • The ratings reflect Malaysian Res balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

2019 Enterprise Tech Ecosystem Series: Maybank - Topics Include Technology Focus, ICT Budget & Key Executives - ResearchAndMarkets.com

Retrieved on: 
Friday, November 22, 2019
Banking, Professional services, Finance, Maybank, Permodalan Nasional Berhad, Financial markets, Economy, Accelerator, Finance, Financial services, Companies

The "Enterprise Tech Ecosystem Series: Maybank" company profile has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Enterprise Tech Ecosystem Series: Maybank" company profile has been added to ResearchAndMarkets.com's offering.
  • Maybank is a leading financial services provider that offers a range of personal banking, wholesale banking, investment banking, private banking, online banking, and insurance products and services.
  • Maybank has not made any external technology investments and is adopting an organic approach to bring about its digital transformation.
  • Maybank is helping disruptive businesses develop innovative solutions through its independent accelerator programs and innovation centers, as well as by partnering with other technology accelerators.

Bridge Data Centres expands APAC footprint with acquisition of data centres in Malaysia

Retrieved on: 
Thursday, May 10, 2018
Malaysia, Cyberjaya, MSC Malaysia, Sepang District, Permodalan Nasional Berhad, Malaysia Airlines

SINGAPORE, May 9, 2018 /PRNewswire/ -- Bridge Data Centres (Bridge), a regional data centre services provider headquartered in Singapore, today announced the completion of its acquisition of two data centres located in Cyberjaya, Malaysia, from Permodalan Nasional Berhad (PNB), a Malaysian Government Pension Fund.

Key Points: 
  • SINGAPORE, May 9, 2018 /PRNewswire/ -- Bridge Data Centres (Bridge), a regional data centre services provider headquartered in Singapore, today announced the completion of its acquisition of two data centres located in Cyberjaya, Malaysia, from Permodalan Nasional Berhad (PNB), a Malaysian Government Pension Fund.
  • Bridge's two new data centres, renamed MY01 and MY02 under Bridge Data Centres Malaysia Sdn Bhd, comprise approximately one million square feet of data centre facilities and 20 megawatts (MW) of critical IT load.
  • "We are excited to announce the completion of this complex transaction," said Michael Foust, Executive Chairman of Bridge Data Centres.
  • "Due to sustained double-digit growth in the data centre industry, it has been challenging to train and retain the right talent," said Kris Kumar, CEO Bridge Data Centres.