Kulim (Malaysia) Berhad

AM Best Affirms Credit Ratings of Hong Leong Insurance (Asia) Limited

Retrieved on: 
Friday, January 6, 2023
Insurance, Professional Services, Communication, AM Best, ALL, Credit, News, AM, Overalls, Kulim (Malaysia) Berhad, Investment, Insurance, Risk management

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Hong Leong Insurance (Asia) Limited (HLIA).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Hong Leong Insurance (Asia) Limited (HLIA).
  • A deterioration in the credit profile of HLIA’s parent companies, Hong Leong Financial Group Berhad and Hong Leong Company (Malaysia) Berhad also may pose a negative impact on HLIA’s ratings.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Ni Hsin Group Unveils Two TAILG EBIXON EV Motorcycle Models

Retrieved on: 
Tuesday, November 22, 2022
Kulim (Malaysia) Berhad, COVID-19, Motorcycle, Marketing, Mercedes-Benz GLC-Class, EVS, Road Transport Department Malaysia, Bursa, Government, Agreement, ICE, BHD, MIMOS, NH, R, Climate, EV, Coffee, Maintenance, Carbon, Sale, Memorandum, Main–Market Historic District, Investment, Fireworks, Lithium, Renewable energy

Bhd., a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad (Bursa: NIHSIN, 7215)), today unveiled two models of the TAILG EBIXON EV Motorcycles.

Key Points: 
  • Bhd., a wholly-owned subsidiary of Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad (Bursa: NIHSIN, 7215)), today unveiled two models of the TAILG EBIXON EV Motorcycles.
  • ; and Mr. Khoo Chee Kong, Managing Director of Ni Hsin Ev Tech Sdn.
  • [L-R]
    The models, the TAILG EBIXON BOLD and TAILG EBIXON TORQ, in the personal and commercial use categories, respectively, are assembled at the Group's manufacturing facilities in Seri Kembangan, Selangor.
  • Ni Hsin's EV motorcycle business generates carbon offsets that can be sold to other companies to reduce their carbon footprint.

Yew Lee Proposes Bonus Warrants and ESOS

Retrieved on: 
Tuesday, October 25, 2022
Bursa, Company, Kulim (Malaysia) Berhad, ESOS, LPD, Security (finance)

The proposed bonus issue of warrants will involve 1 warrant for every 2 existing ordinary shares in Yew Lee held by the entitled shareholders or the issuance of 266,217,800 warrants based on the total issued share capital of Yew Lee of RM67,530,363 comprising 532,435,600 ordinary shares as at the latest practicable date (LPD) of 3 October 2022.

Key Points: 
  • The proposed bonus issue of warrants will involve 1 warrant for every 2 existing ordinary shares in Yew Lee held by the entitled shareholders or the issuance of 266,217,800 warrants based on the total issued share capital of Yew Lee of RM67,530,363 comprising 532,435,600 ordinary shares as at the latest practicable date (LPD) of 3 October 2022.
  • The proposed ESOS to be issued will not exceed 30.0% of the total number of issued shares for eligible employees and directors of Yew Lee and its subsidiaries.
  • Mr. Ang Lee Leong, Managing Director of Yew Lee, said, "We want to reward existing shareholders for their support by enabling them to participate in warrants that come at no cost to them, and which are tradeable on the ACE Market of Bursa Securities Malaysia Berhad.
  • The ESOS will allow us to align the long-term interests of eligible employees with those of shareholders to help achieve Yew Lee's business objectives."

Genetec's Quarterly Performance Jumps by 126%

Retrieved on: 
Monday, August 29, 2022
Health care, Research, Financial management, HDD, Quarter, PAT, PBT, Final good, Bandar Baru Bangi, Electric vehicle industry in China, Company, Attention, Group, EV, Primearth EV Energy, Electric vehicle, Utusan Malaysia, Motor vehicle, Kulim (Malaysia) Berhad, UMMB, Ecosystem, EVS, Automation, Growth, Industry, Climate change, Acquisition, Efficiency, Computer data storage, Renewable energy, Video game, Technology

Earnings per share stood at 2.68 sen (fully diluted) in Q1FY2023 compared to 1.18 sen QoQ.

Key Points: 
  • Earnings per share stood at 2.68 sen (fully diluted) in Q1FY2023 compared to 1.18 sen QoQ.
  • In tandem with global digitalisation, the needs for the building blocks such as energy and data storage will continue to rise.
  • Genetec Technology Berhad ('Genetec' or 'the Group') is a technology leader in providing customised full turnkey smart factory automation manufacturing lines.
  • It is a public company listed on the ACE Market of Bursa Malaysia Securities Berhad (Stock code: 0104) since 2005.

RTO of LTKM Berhad via the Acquisition of EMS Business for RM336 Million

Retrieved on: 
Friday, April 8, 2022
Engineering, Executive, EMS, Growth, Farm, General manager, Disease, Egg, Tan Boon Teik, PAT, Kulim (Malaysia) Berhad, Person, Invention, M & A, Securities commission, Acquisition, Regional assemblies, Holding company, Management, Security (finance), Airline, Company

"Concurrent with the proposed disposals, we believe the proposed acquisition of the EMS business is an opportunity to create value for our shareholders through a business that is viable and profitable."

Key Points: 
  • "Concurrent with the proposed disposals, we believe the proposed acquisition of the EMS business is an opportunity to create value for our shareholders through a business that is viable and profitable."
  • Proposed disposal of LTKM's existing business to Ladang Ternakan Kelang Sdn Bhd (LTKSB) for a total cash disposal consideration of RM158.83 million.
  • Proposed special dividend and capital repayment of RM1.1098 per LTKM share totalling RM158.83 million on an entitlement date to be determined;
    3.
  • Proposed consolidation of two existing LTKM shares into one LTKM share following the proposed special dividend and capital repayment;
    4.

AM Best Affirms Credit Ratings of Hong Leong Insurance (Asia) Limited

Retrieved on: 
Friday, January 7, 2022
Other Professional Services, Professional Services, Insurance, COVID-19, Insurance, Acquisition, Data, Kulim (Malaysia) Berhad, Communication, AM, AM Best, News, Credit, Risk, ALL, Risk management, Industry, Investment

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Hong Leong Insurance (Asia) Limited (HLIA) (Hong Kong).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Hong Leong Insurance (Asia) Limited (HLIA) (Hong Kong).
  • A deterioration in the credit profile of HLIAs parent companies, Hong Leong Financial Group Berhad and Hong Leong Company (Malaysia) Berhad also may impose a negative impact on HLIAs ratings.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .