Malaysia is making significant strides in renewable energy with the launch of the Large Scale Solar (LSS) PETRA 5+ programme. This ambitious initiative aims to add 2,000 MWac of solar capacity, divided between ground-mounted and floating solar projects, all set to be operational by 2027. The programme is a key component of Malaysia's strategy to enhance its renewable energy mix and reduce carbon emissions.
The LSS5+ pro...

Econframe Berhad (EFRAME, 0227) recently announced the acquisition of Ivory Pearl Sdn Bhd (IPSB) for a total price of RM56.0 million, which has drawn wide attention.
So, why choose IPSB? IPSB is a well-known company based in Ipoh, focusing on the production and sale of quality doors, including interior doors, exterior doors, and fire-resistant wooden doors. It is noteworthy that IPSB's main markets are the United Kingdom and Australia, making this acquisition a strategic move for EFRAME to expand its overseas market presence. IPSB's major shareholders are Mr. Yeong Chew Tet and Mr. Lee Kok Choy.
Specifically, this RM56.0 million acquisition will be paid through a combination of cash and shares. Approximately RM46.7 million will be paid in cash, while the remaining RM9.3 million will be paid by issuing 16,500,000 new ordinary shares of EFRAME ("consideration shares"), with an issue price of RM0.5653 per share. After the transaction is completed, Mr. Yeong and Mr. Lee will become one of the main shareholders of EFRAME.
What's even more exciting is that, I...

MClean Technologies Berhad is turning heads in the market, with growing interest from investors and major shareholders doubling down on their commitment. The company’s strong growth momentum, strategic moves, and profitability streak make it one to watch.
There’s been a lot of buzz around MClean recently. Today, a strategic investor, Mr. Derek Cheong has stepped in with a big show of confidence, acquiring 10.0 million shares at RM0.250 per ...

HB Global Limited, listed on the Main Market of Bursa Malaysia, has announced a joint venture with HIS Holdings Sdn Bhd to develop an AI-powered agriculture and plantation project on a 500-acre site in Pekan, Pahang.
Under the agreement, HB Global will hold a 55% stake in the joint venture entity, HB Global Capital Sdn Bhd (HBGC), while HIS Holdings will own 45%. The venture represents a significant step towards mod...

Malaysia's trade outlook for next year is subject to higher downside risks with uncertainty mainly from incoming Trump administration's trade and tariff policies and retaliatory action by trading partners, according to UOB Global Economics & Markets Research.
The firm said this after acknowledging that Malaysia's October exports came in above its expectations.
UOB Research said the uncertainty around Trump's trade and t...

Aesthetic Healthcare establishes bridgehead for expansion into Asia and accelerate SBC’s presence in global markets
SBC to leverage operational synergies and implement growth strategies to launch into new verticals and geographies
Tokyo, Japan-November 18, 2024 - SBC Medical Group Holdings Incorporated (Nasdaq: SBC) (“SBC M...

Haily Group Berhad (0237), a key player in Malaysia’s construction industry, is making strides with its focus on the southern region, particularly in Johor. As the state continues to benefit from strategic developments, including the Johor-Singapore Special Economic Zone (JS-SEZ) and the Rapid Transit System (RTS) between Johor Bahru and Singapore, Haily is well-positioned to capitalize on the growing demand for...

The Federation of Malaysian Manufacturers (FMM) has revised upwards the 2024 economic growth projection given the stronger-than-expected momentum in the second quarter (2Q 2024).
In a statement today, FMM said the new forecast suggests that growth will likely exceed the government's 4.0 to 5.0 per cent target range with a revised 5.1 per cent gross domestic product (GDP) growth.
"Private investment and consumption spending have also been revised up...