Sapura Energy, Leong Hup, KPJ Healthcare, Majuperak, Microlink, Kelington, Inta Bina, JAG, Capital A, EP Manufacturing, Solutions Group, Pekat, SMI, Destini, Public Bank and KPower


KUALA LUMPUR (September 5): Here is a brief look at some company announcements and news feed from Monday September 5, including Sapura Energy Bhd, Leong Hup International Bhd, KPJ Healthcare Bhd, Majuperak Holdings Bhd, Microlink Solutions Bhd, Kelington Group Bhd, Inta Bina Group Bhd, JAG Bhd, Capital A Bhd, EP Manufacturing Bhd, Solutions Group Bhd, Pekat Group Bhd, South Malaysia Industries Bhd (SMI), Destini Bhd, Public Bank Bhd and KPower Bhd.

Bank Negara Malaysia accepted Sapura Energy Bhdthe company’s request for assistance in arbitrating the debt restructuring with its Multi-Currency Facility (MCF) financiers. Sapura said Malaysia’s Corporate Debt Restructuring Committee, a committee under the BNM, had given it 60 days from September 1 to submit a debt restructuring proposal, adding that during this period, MCF lenders should observe an informal status quo. and refrain from any prosecution.

The Malaysian Competition Commission (MyCC) has granted Leong Hup International BhdLeong Hup Feedmill Malaysia Sdn Bhd (LFM), a wholly owned subsidiary of Leong Hup Feedmill Malaysia Sdn Bhd (LFM), a one-month extension ― to October 21 from an original deadline of September 20 ― for submit its written statement in response to MyCC’s proposed poultry feed pricing decision. At this stage, the financial penalty of RM157.47 million, as well as other instructions potentially imposed on LFM under the proposed decision are not final.

KPJ Healthcare Bhd Chairman and CEO Datuk Mohd Shukrie Mohd Salleh is stepping down effective Wednesday September 7 to pursue other opportunities, just five months after taking office on April 1. In the meantime, KPJ Healthcare’s CFO, Norhaizam Mohammad, will fill the void left by Mohd Shurkrie and assume the role of officer in charge.

Majuperak Holdings Bhd Group CEO and Managing Director Nizran Noordin has been asked to go on gardening leave from September 2, about two months before his service contract expires on October 31. In his absence, chief financial officer Syed Agil Syed Hisham, who was only appointed on August 29, has been appointed interim group CEO, to take over the day-to-day management of the group.

Microlink Solutions Bhd has appointed Ramlee Abdullah as Group CEO to replace Chia Yong Wei, who is stepping down after six years at the helm. The technology solutions provider said Ramlee joined the Omesti Group business in March this year as senior sales manager, before being renamed public sector CEO on June 1.

Kelington Group BhdKelington Technologies Sdn Bhd’s wholly owned subsidiary has been awarded an ultra-high purity contract worth approximately RM330 million from a “world leader in semiconductor solutions” to undertake the distribution work of bulk and specialty gas systems for the client’s expansion of its current manufacturing plant in Kulim, Kedah. The new contract brought its total orders to RM1.28 billion, surpassing last year’s total new orders of RM1.19 billion, and set a new record for the value of new contracts. won.

Inta Bina Group BhdInta Bina Sdn Bhd, a wholly owned subsidiary of, has accepted an award letter worth RM146 million from Eco Ardence Sdn Bhd to design and construct the main construction works for a development project at mixed use located in Shah Alam, Selangor. The development will include a 32-story serviced apartment building with 500 units, as well as an eight-story covered parking podium with ground floor facilities.

JAG BhdJAG’s wholly-owned subsidiary Land Sdn Bhd has entered into a sale and purchase agreement with Menara ABS Bhd to acquire a 12.5-storey building in Taman Desa, Kuala Lumpur for RM35.29 million, as part of of the group’s effort to develop its property business.

Capital A Bhd is progressing with listing plans for AirAsia Aviation Group Ltd and airasia Super App in New York, according to its CEO Tony Fernandes, who said the company would likely make the announcement next year.

The National Committee for Vehicle Type Approval (VTA) and Department of Road Transport (JPJ) Approval has granted the VTA for EP Manufacturing Bhdfirst-ever electric two-wheeler, the Blueshark SG3000DT (Blueshark R1), about a month after receiving conditional approval to build its first two-wheeler manufacturing plant.

Solution Group Bhd said that the inhalable version of CanSino Biologics Inc’s recombinant Covid-19 vaccine (adenovirus type 5 vector) ― Convidecia Air ― has received clinical trial approval from the Department of Medical Research and Ethics Committee of the Ministry of Health, marking the first trial study of the inhaled version of the Covid-19 vaccine in Malaysia. Solution Group’s wholly-owned subsidiary, Solution Biologics Sdn Bhd, is CanSino’s Asean manufacturing partner.

Pekat Group BhdSolaroo RE Sdn Bhd, a wholly owned subsidiary of Solaroo RE Sdn Bhd, has obtained a pawnshop license issued under the Moneylenders Act 1951 and the Moneylenders (Supervision and Licensing) Regulations 2003 of the Ministry of Housing and Local Government, which enables the unit to undertake money lending activities, loan services related to solar rental and other related services.

South Malaysia Industries Bhd (PMI) was slapped by an unusual query on market activity by Bursa Malaysia Securities Bhd, after a sharp decline in its share price. In response to a question from the stock market regulator, the property development company said its board was not aware of any corporate developments related to its business and affairs that were not previously announced and who could have contributed to the negotiation, including those in the negotiation/discussion phase. .

Destini Bhd denied being listed as a Practice Note 17 company and that it was to be delisted on Monday. He added that such an announcement would have been made in line with Bursa’s main listing requirements.

Public Bank Bhd and Sunway Integrated Properties Sdn Bhd have signed a memorandum of understanding to collaborate on sustainability projects―which allow clients who purchase certified green properties developed by Sunway Property to qualify for the Public Bank’s special sustainable finance program .

KPower Bhd changed name to Reneuco Bhd and notes that the company’s securities will trade and list under the new short name of RENEUCO, effective Tuesday (September 6).


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