Berita & Aktiviti Terkini

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KUALA LUMPUR (May 3): Fresh vegetables wholesaler and distributor Farm Price Holdings Bhd, which is set for listing on the ACE Market of Bursa Malaysia on May 14, said on Friday that its initial public offering (IPO) had been oversubscribed by 91.35 times. Following the close of the application period for the IPO on April 30, Farm Price said it had received 16,647 applicants for 2.08 billion new shares worth RM498.66 million from the Malaysian public for the 22.5 million shares it allocated to the Malaysian public — representing an overall oversubscription rate of 91.35 times. Of this, 9,895 applications for 1.03 billion shares were received for the Bumiputera portion, representing an oversubscription rate of 90.61 times. As for the public portion, 6,752 applications for 1.05 billion shares were received, representing an oversubscription rate of 92.08 times. The IPO, priced at 24 sen apiece, involves a public issuance of 102 million new shares, as well as an offer for sale of 33 million existing shares. All in, the listing offers investors a 30% stake in the Johor-based company. Farm Price is mainly involved in the wholesale and distribution of fresh vegetables. Proceeds from the sale of new shares were expected to raise RM24.48 million, from which Farm Price plans to allocate 43% for working capital and 26% for the construction of new facilities. The company will also spend 8% of proceeds for the purchase of machinery, equipment and logistics fleet, and 7% for a planned regional distribution and procurement centre. The remaining 16% is set aside to cover listing expenses. The offer-for-sale of existing shares, meanwhile, will raise RM7.92 million that will go entirely to its selling shareholders — managing director Dr Tiong Lee Chian and executive director Liew Tsuey Er, who is also Tiong’s wife. At the listing price of 24 sen per share, the company will be valued at 12.4 times its net profit of RM8.7 million for the financial year ended Dec 31, 2023 (FY2023), which it made on a revenue of RM114.2 million. Domestic market made up 75% of its revenue, while exports to Singapore accounted for 25%. Source: Emir Zainul / theedgemalaysia.com

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KUALA LUMPUR (May 3): Engineering firm UUE Holdings Bhd said on Friday that it has signed an agreement with M&A Securities to underwrite its initial public offering (IPO) on the ACE Market. The IPO consists of a public issue of 124.90 million new shares and an offer for sale of 37.46 million existing shares. Under the agreement, M&A Securities will underwrite 30.42 million new shares allocated to the Malaysian public and 40.59 million to eligible persons under the public issue. “The underwriting agreement represents a pivotal achievement on our journey towards our listing,” UUE’s managing firector Datuk Kenny Ting said in a statement. “Proceeds from the IPO will play a crucial role in fuelling our expansion efforts, enabling us to enhance and extend our services to both our current and prospective customers across Malaysia and Singapore.” The public issue also involves private placement of 38.57 million new shares to Bumiputera investors and 15.32 million shares to selected investors. All in all, the IPO offers investors up to 26.7% in the company that mainly provides underground utilities engineering services. Proceeds from the IPO have been earmarked for the purchase of machinery and equipment, such as horizontal directional drilling machines, lorries and excavators to cater for the ongoing and future projects to be secured. UUE will also acquire a maxi rig drilling machine which will allow the company to venture to subsea works and expand its existing suite of underground utilities engineering offerings. The remaining gross proceeds has been earmarked for general working capital, as well as estimated listing expenses in relation to the IPO. Proceeds from the offer for sale of 37.46 million existing shares, meanwhile, will accrue entirely to the selling shareholders that include Ting, according to its draft prospectus filed on Sept 12, 2023. Source: Justin Lim / theedgemalaysia.com

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KUALA LUMPUR (May 2): Feytech Holdings Bhd's initial public offer (IPO) on the Main Market of Bursa Malaysia is offering 252.94 million shares, including an offer for sale of 109.62 million, at 80 sen a piece. The IPO will raise some RM201.6 million, of which 43% or RM87.69 milion will go to two existing shareholders Tan Sun Sun and Go Yoong Cheng, both of whom are executive directors. Feytech is issuing 143.32 million new shares to raise some RM114.65 million, mainly earmarked for the acquisition of land and construction of its plant. Scheduled to be listed on May 21, the automotive cover and seat manufacturer is expected to have a market capitalisation of RM674.56 million with an enlarged share capital of 843.2 million. At its prospectus launch on Thursday, Feytech shared that the about 10.1% of the gross proceeds will be allocated to part-finance the acquisition of land in the Klang Valley and 18.4% for the construction of a new corporate office with manufacturing plant and warehouse on the land with an approximately build-up area of 85,000 sq ft. According to Feytech’s prospectus, the board plans to distribute a dividend of at least 40% of its net profits for each financial year, according to the group’s prospectus. The group declared RM11.9 million, RM9.8 million, RM15 million and RM12.7 million dividends for FY2020, FY2021 and FY2022 and FY2023, representing dividend payout ratio of 65.7%, 51.4%, 54.3% and 49.5% respectively. Source: Syafiqah Salim / theedgemalaysia.com

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KUALA LUMPUR (May 2): Smart Asia Chemical Bhd, an industrial paint and coating manufacturer, on Thursday has begun taking orders from investors for its ACE Market initial public offering (IPO) that would raise up to RM37.4 million. The IPO, priced at 40 sen per share, comprises entirely of 93.5 million new shares offering investors up to 25.28% of its enlarged shares, according to its prospectus launched. There is no sale of existing shares. The application will close on May 13, with the listing scheduled for May 28. The group currently has nine wholesalers and 937 dealers in Malaysia, along with 14 authorised distributors in overseas markets, including Singapore, Brunei, Indonesia, Cambodia, Vietnam, and Myanmar. Under the public issue, 18.48 million shares will be made available to the Malaysian public via balloting while 16.68 million will be allocated to selected investors. The IPO also involves private placement of 46.23 million IPO shares to Bumiputera investors and 12.1 million shares set aside for eligible persons. The company earmarked about 43% of the proceeds, or RM16 million, to partially finance the construction of a plant in Perak while RM11 million will be used for the purchase and commissioning of an automated paint production system. At the listing price of 40 sen per share, Smart Asia Chemical will be valued at 14.9 times the profit after tax of RM10 million for the financial year of 2023 after adjusting for the listing expenses incurred. The company would be valued at RM147.9 million on listing. The IPO will reduce the direct stake of managing director Goh Chye Hin to 44.5% and to 7.51% for his wife Kee Hui Lang, who is also the non-independent executive director. Based on Smart Asia Chemical’s share base of 276.35 million shares, Goh owns a 59.55% stake in the company, while Kee owns 10.05%. The 3.62% indirect stake they hold via their children is expected to be diluted to 2.7%. Source: Luqman Amin / theedgemalaysia.com

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KUALA LUMPUR (April 30): Stock exchange operator Bursa Malaysia Bhd said on Tuesday that its net profit rose 34% in the first quarter of the year, from a year earlier, thanks to higher trading activity and fees from listings and other services. Net profit for the three months ended March 31, 2024 (1QFY2024) was RM75.03 million compared to RM56.17 million over the same period last year, Bursa Malaysia said in an exchange filing. Revenue for the quarter climbed nearly 20% year-on-year (y-o-y) to RM187.2 million, from RM156.5 million. During the quarter under review (1QFY2024), earnings were primarily driven by a 23% increase in the Securities Market’s operating revenue to RM123.1 million, from RM100.0 million in 1QFY2023. Meanwhile, total operating expenses increased by 8.6% to RM87.1 million in 1QFY2024 from RM80.2 million in 1QFY2023, mainly attributed to higher staff costs and technology expenses. Trading velocity also rose by eight percentage points to 39% in 1QFY2024, from 31% in the preceding corresponding quarter. Additionally, listing and issuer services grew by 8.9% to RM16.3 million from RM15.0 million, while depository services witnessed an 18.3% increase to RM15.5 million in 1QFY2024 from RM13.1 million a year earlier. The Derivatives Market’s operating revenue rose by 12.7% to RM31.8 million from RM28.3 million in 1QFY2023, driven primarily by the rise in average daily contracts (ADC) in both crude palm oil futures (FCPO) and FTSE Bursa Malaysia KLCI Futures (FKLI), which collectively propelled the Derivatives Market’s ADC higher by 18.0% y-o-y to 84,222 contracts in 1QFY2024. At noon break on Tuesday, Bursa Malaysia’s shares settled unchanged at RM7.45, valuing the company at RM6.03 billion. Source: Isabelle Francis / theedgemalaysia.com

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KUALA LUMPUR (April 30): Kucingko Bhd said on Tuesday that it has secured approval from Bursa Malaysia for an initial public offering (IPO) on the bourse’s ACE Market, setting it to be the first animation production studio to be listed on the Malaysian stock exchange. The approval from Bursa Malaysia marks another step forward for the IPO, since the company filed its prospectus exposure on Dec 12, 2023. “This marks the beginning of an exciting new chapter for us, as we are now poised to harness the potential of the capital markets to fuel our ambitious expansion plans, both within Malaysia and internationally,” Kucingko executive director See Chin Joo said in a statement. The IPO will involve the issuance of 200 million ordinary shares, encapsulating 40% of Kucingko’s enlarged number of issued shares, where an equal portion of 100 million shares each are available under the public issue, as well as an offer-for-sale by way of private placement to selected investors. While total expected proceeds from the IPO has yet to be disclosed, See said the company intends to utilise the funds raised to elevate its production capacity, deepen its business network in the US and reinforce its market leadership, thereby enhancing shareholder value. Kucingko derives almost 100% of its revenue from providing animation production services, primarily in international markets, including North America, Europe and Asia Pacific Its wholly owned subsidiary Inspidea Sdn Bhd produces 2D animation for animated series and animated short films, having completed 59 projects worth RM63.22 million in total during the financial years ended Dec 31, 2020 (FY2020), FY2021 and FY2022, and the six-month financial period ended June 30, 2023 (1HFY2023), with over 4,617 minutes of content. Source: Emir Zainul / theedgemalaysia.com

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KUALA LUMPUR (April 29): Engineering solutions provider Kawan Renergy Bhd on Monday began taking orders from investors for its ACE Market initial public offering (IPO) that would raise up to RM33 million. The IPO is priced at 30 sen apiece and comprises a public issuance of 110 million new shares as well as an offer for sale of 34.5 million existing shares by way of private placement to selected investors. Of the 110 million new shares, 27.5 million will be made available to the Malaysia public via ballooting, while 19.3 million shares are allocated for eligible directors and employees as well as persons who contributed to the success of the group. Meanwhile, the remaining 63.2 million shares are reserved to selected Bumiputera investors approved by the Ministry of Investment, Trade and Industry. All in all, the IPO offers investors a total of 26.3% of the company’s enlarged share capital that made a profit after tax of RM13.3 million on the back of RM98.4 million revenue for the financial year ended Oct 31, 2023. Kawan Renergy, through its subsidiaries, is principally involved in the design, fabrication, installation and commissioning of industrial process equipment, process plants as well as renewable energy and co-generation plants. According to Kawan Renergy, a total of RM15 million or 45.5% of the IPO proceeds will be allocated for working capital requirements of ongoing and future co-generation plant projects, while RM10 million (30.3%) will go towards repayment of bank borrowings and defraying of listing expenses. In addition, RM5 million (15.1%) will be invested to construct a new two-megawatt biomass power plant, with RM2.5 million (7.6%) earmarked to improve the production output of the Bercham plant, a landfill biogas power plant located in Perak, while RM500,000 will be used for the purchase of additional machinery to upgrade the company’s production processes. Scheduled to be listed on the ACE Market on May 29, Kawan Renergy is expected to have a market capitalisation of RM165 million. Source: Syafiqah Salim / theedgemalaysia.com

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KUALA LUMPUR (April 29): Mercury Securities Sdn Bhd has recommended investors “subscribe” ACE Market-bound Farm Price Holdings Bhd at an initial public offering (IPO) price of 24 sen and a fair value (FV) of 29 sen based on 13x FY2024F earnings per share, translating to 21% upside to IPO price. In a note on Monday, the research house said its target price earnings (PE) ratio of 13x is pegged to the average PE of FBM Small Cap Index, given no direct comparable listed peers. Mercury said despite the weaker ringgit (more than 80% of its fresh vegetables are imported), Farm Price maintained healthy gross margins of 14-20% from FY20-23, thanks to inelastic demand and frequent pricing adjustments. Mercury said with the expansion at its Senai centralised distribution centre, Farm Price will eventually add new cold room space and facilities to handle up to 40,000 pallets annually by 2026 (from about 30,000 pallets currently). It said this expansion will be crucial to support Farm Price’s future growth, as its cold room capacity was fully utilised in 2023. “Notwithstanding that, we believe the group has some room to maneuver in the near term (ie FY24-25) by implementing various storage management measures such as 1) Running extra processing shifts and facilitating additional delivery trips to free up inventory space; or 2) Renting on-site mobile refrigerated containers. The research house said post-IPO, Farm Price’s balance sheet will be stronger, with its net gearing level turning net cash. “Given the nature of its business, operating cashflow generation is expected to remain healthy, while capex spending will be funded by the IPO proceeds. “As such, we forecast that Farm Price could comfortably adopt a 30-50% dividend payout in FY24-26F,” it said. Source: Surin Murugiah / theedgemalaysia.com

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KUALA LUMPUR (April 25): Infoline Tec Group Bhd has proposed to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia as it has met the profit requirements for the transfer. In a bourse filing on Thursday, the company said the transfer will enhance its credibility and reputation, which will in turn enhance the attractiveness and marketability of its shares. The company, which was listed on July 13, 2022, said it saw an aggregated consolidated profit after tax (PAT) of RM38.26 million over the past three financial years. The company reported a PAT of RM18.35 million for the year ended Dec 31, 2023 (FY2023), RM12.12 million for FY2022 and RM7.8 million for FY2021. This meets the Securities Commission Malaysia’s requirements for the transfer which mandate an aggregate PAT of at least RM20 million over the past three financial years, with a PAT of at least RM6 million for the most recent year. Furthermore, Infoline Tec said it is in a healthy financial position with a current ratio of 3.69 times as at Dec 31, 2023. Its current assets stood at RM59.06 million, while its current liabilities stood at RM16 million. It added that it had cash and cash equivalents totalling RM19.23 million, which will provide it with sufficient working capital for at least 12 months. On its public shareholding spread, Infoline Tec said 33.9% of the issued share capital is held by 2,286 public shareholders holding not less than 100 shares each, exceeding the requirement of 25%. Shares of Infoline Tec closed unchanged at 77.5 sen on Thursday, valuing the company at RM281.5 million. The counter has gained 1.97% since the start of the year and 142.2% since its listing on the ACE Market, based on its IPO price of 32 sen.

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KUALA LUMPUR (April 25): Agricore CS Holdings Bhd, a food ingredients supplier, has obtained approval from Bursa Malaysia Securities Bhd to list on its ACE Market. In a statement on Thursday, the company said the initial public offering (IPO) will involve the issuance of 51.7 million new shares, representing 25.5% of its enlarged share capital upon listing. Of the 51.7 million new shares, 10.1 million new shares will be available to the Malaysian public via balloting; 10.1 million new shares for its eligible directors, employees and persons who have contributed to the success of the Agricore group under pink form allocations; 25.4 million new shares have been reserved for private placement to Bumiputera investors approved by the Ministry of International Trade and Industry (Miti), while the remaining 6.1 million new shares are earmarked for private placement to selected investors. Agricore managing director Oon Boon Khong said the IPO will facilitate the company with greater financial flexibility to pursue future growth opportunities and enhance the group’s reputation in the marketing of its products, and to retain and attract new employees. For the financial year ended 2022 (FY2022), the Agricore group had posted a net profit of RM7.12 million, on the back of a revenue of RM122.69 million. Earnings per share was 4.7 sen. Agricore is scheduled to list on the ACE Market of Bursa Securities by June 2024. Source: Surin Murugiah / theedgemalaysia.com

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KUALA LUMPUR (April 24): CapitaLand Malaysia Trust (CLMT) reported a 63% in its first quarter net property income to RM63.98 million from RM39.24 million a year ago, driven by full quarter revenue contribution from Queensbay Mall, higher occupancies and positive rental reversions. Revenue for the quarter ended March 31, 2024 (1QFY2024) rose 42.5% to RM111.88 million from RM78.49 million in 1QFY2023, said the trust's manager CapitaLand Malaysia REIT Management Sdn Bhd (CMRM) in a statement on Wednesday. Distributable income grew 69.8% to RM33.62 million from RM19.81 million, with distribution per unit (DPU) improving 36.8% to 1.19 sen from 0.87 sen. CMRM said CLMT's retail occupancy rose to 92.4% from 88.3% in 1QFY2023, while its overall portfolio occupancy improved to 93.1% as at March 31, 2024 from 92.6% as at Dec 31, 2023. CMRM chief executive officer Tan Choon Siang attributed CLMT's performance in the quarter to proactive asset management. As part of the ongoing efforts, the group recently completed refurbishment at Gurney Plaza's entrance driveway, enhancing its appearance and accessibility, he said. 'These new additions to our portfolio provide a glimpse of the refreshed tenant mix and mark the beginning of the exciting improvements to our retail portfolio that will unfold throughout the year,” Tan said. 'As we press ahead with our portfolio reconstitution strategy, we will continue to strengthen our balance sheet through disciplined capital management. We will also take proactive measures to mitigate the impact of rising costs and remain prudent in managing our expenses,” he added. At Wednesday's close, CLMT’s share price remained flat at 62 sen, with a market capitalisation of RM1.75 billion. Source: Choy Nyen Yiau / theedgemalaysia.com

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KUALA LUMPUR (April 23): HHRG Bhd, formerly known as Heng Huat Resources Group Bhd, aims to raise between RM16.1 million and RM18.14 million through a private placement of up to 10% of its expanded issued share capital to yet-to-be identified third-party investors, at a price to be fixed. In a filing with Bursa Malaysia on Tuesday, the biomass material manufacturer said proceeds from the proposed corporate exercise that would involve up to 98.03 million shares would be used for working capital in the biomass materials and value-added products segment. The range of expected proceeds to be raised is based on an indicative price of 18.5 sen per share, in either a minimum scenario (where none of its outstanding warrants and share issuance scheme options are exercised prior to the exercise), or a maximum scenario (where all the outstanding warrants and options are first fully exercised). HHRG highlighted that the proposed private placement offers a swift means of raising funds from the capital market compared to other fundraising methods. Given that the majority of the proceeds will be allocated to the group's working capital in the biomass materials and value-added products segment, HHRG said the proposed private placement would provide additional funding without incurring extra interest costs or debt repayment obligations. TA Securities has been appointed adviser and placement agent for the corporate exercise, which is anticipated to be completed within six months from the date of approval by Bursa Securities. HHRG shares closed half a sen or 2.5% higher to 20 sen, resulting in a market capitalisation of RM177.91 million. Source:

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KUALA LUMPUR (April 23): KIP Real Estate Investment Trust (KIP REIT), a trust which mainly manages retail and industrial properties, said its net property income (NPI) for the third quarter rose 10.1% from a year ago, mainly due to stronger performance from its retail properties. NPI for the third quarter ended March 31, 2024 (3QFY2024) rose to RM18.1 million from RM16.43 million previously, KIP REIT said in a bourse filing on Tuesday. Revenue rose 12.5% year-on-year to RM24.55 million from RM21.82 million, primarily on the back of higher contributions from the group’s four malls in the central region. A distribution per unit of 1.6 sen was declared for 3QFY2024, payable on May 28, 2024. Looking ahead, KIP REIT chief executive officer (CEO) Valerie Ong Pui Shan said the group maintains a positive outlook buoyed by its portfolio’s strong performance, coupled with strategic initiatives to enhance leasing and operational efficiencies, as well as asset enhancement initiatives in place. As at end-March 2024, KIP REIT’s AUM stood at RM1.06 billion, comprising 11 properties — three industrial properties in Pulau Indah; seven KIPMalls in Bangi, Tampoi, Kota Tinggi, Masai, Senawang and Melaka; and the AEON Mall Kinta City in Ipoh. The portfolio’s average occupancy rate stood at 94%. Looking to the cumulative nine months ended March 31, 2024 (9MFY2024), KIP REIT’s NPI climbed 11.9% to RM51.39 million from RM45.92 million a year earlier, while revenue rose 13.3% to RM69.52 million, as compared to RM61.36 million previously. Shares in KIP REIT closed unchanged at 90 sen on Tuesday, giving the investment trust a market capitalisation of RM556.77 million. Source: Izzul Ikram / theedgemalaysia.com

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KUALA LUMPUR (April 23): Shares of Topmix Bhd surged 32% in its trading debut on Tuesday after the surface decorative products company’s initial public offering (IPO) on the ACE Market raised RM31.7 million. Topmix opened at 41 sen on a volume of 12.24 million shares versus its IPO price of 31 sen per share before climbing as high as 45.5 sen on Bursa Malaysia. The stock was trading at 44 sen at 9.10am after 56.14 million shares changed hands. The country’s benchmark index was up 0.2%. Demand from investors was strong during its IPO, with the public tranche oversubscribed by 58.61 times. The Bumiputera portion was oversubscribed by 51.86 times while the other public category was oversubscribed by 65.26 times. Topmix mainly sells so-called high-pressure laminate (HPL) products used in kitchen and office cabinets as finishing under its own brand as well as in collaboration with third-party decor paper suppliers. The sale of new shares raised RM25.6 million, of which RM11.3 million or 44.2% has been earmarked for general working capital. The company also plans to use 23.3% of the proceeds for business expansion. Topmix also allocated 20.8% to expand into the assembly of melamine-faced chipboard products while the remaining 11.7% will be used to defray listing expenses. The offer-for-sale, meanwhile, raised RM6.10 million, which will accrue entirely to selling shareholders Teo Quek Siang, who is also the managing director, and executive director Tan Lee Hong. For the fourth quarter ended Dec 31, 2023 (4QFY2023), the group reported a net profit of RM2.84 million on the back of RM21.64 million revenue. For FY2023, Topmix registered a net profit of RM8.39 million on the back of RM72.68 million revenue, primarily due to the sales of HPL products, which represented 95.15% of the total revenue. Source: theedgemalaysia.com

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KUALA LUMPUR (April 22): There is a limited number of start-ups or high-tech companies poised for listing on Bursa Malaysia, as the majority of corporations in Malaysia remain in traditional sectors, said Economy Minister Mohd Rafizi Ramli. Despite Malaysia's strength in the electrical and electronics industry as a global exporter, he said only 4% to 5% of high-tech companies are listed on the local bourse. “It's a pity because this country is globally recognised as one of the most important semiconductor players in the world,” he said at a KL20 Summit 2024 session “From Malaysia to the world, open for tech business”, here on Monday. Rafizi said there is a need for a pipeline of tech and start-up companies ready for listing to enhance Malaysia’s business ecosystem. He emphasised that the government's interest extends beyond monetary investment in start-ups and is instead seeking early success stories to attract tech talent from around the world to Malaysia. Meanwhile, Khazanah Nasional Bhd managing director Datuk Amirul Feisal Wan Zahir suggested ensuring the availability and continuity of capital to reduce the concerns among start-ups. 'Not only is Malaysia an interesting market, but I also believe that if we can address the capital problem, we will foster a culture of risk-taking that can yield significant outcomes for the people who reside here,' Kuok adde. Source: Bernama

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KUALA LUMPUR (April 19): Construction company Lim Seong Hai Capital Bhd (LSH Capital) said it has obtained approval from its shareholders to transfer the group’s listing from the LEAP Market to the ACE Market of Bursa Malaysia Securities Bhd. The group, which expects to complete the transfer by the fourth quarter of 2024, said the resolutions pertaining to the transfer were unanimously approved by shareholders at an extraordinary general meeting on Friday. In a statement, LSH Capital said the resolutions include the listing of the group’s entire enlarged issued share capital on the ACE Market, as well as a proposed public offering involving up to 191 million shares, representing approximately 22.78% of its enlarged issued shares. The public offering involves the issuance of 132 million new shares and an offer for sale of up to 59 million existing shares. The group intends to utilise the proceeds from the public offering for working capital in LSH Capital’s construction projects, repayment of borrowing, and covering the expenses for the exercise. “This corporate exercise will further enhance our credibility, prestige and reputation, and accord us with greater recognition among investors, particularly institutional investors, while reflecting the current scale of operations of our group,” said LSH Capital non-executive chairman Tan Sri Lim Keng Chen. “This, in turn, is expected to enhance the attractiveness and marketability of our shares,” Lim added. Choy Nyen Yiau / theedgemalaysia.com

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KUALA LUMPUR (April 19): MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times, ahead of its listing on the Bursa Malaysia Main Market on April 30. The 51.2 million IPO shares made available for the Malaysian public received a total of 9,510 applications for 482.88 million issue shares, valued at RM299.39 million, according to its statement on Friday. For the Bumiputera portion, a total of 4,628 applications for 220.24 million shares were received, which represents an oversubscription rate of 7.6 times. For the public portion, a total of 4,882 applications for 262.64 million shares were received, which represents an oversubscription rate of 9.26 times. MKH Oil Palm, the plantation arm of property developer MKH Bhd, aims to raise up to RM155.43 million from its Main Market IPO. Based on the IPO price of 62 sen apiece, the group will have a market capitalisation of RM634.6 million. The group owns two oil palm plantation estates with a total land area of 18,205.3 hectares, one palm oil mill and one jetty. For the financial year ended Sept 30, 2023 (FY2023), the company’s net profit dropped 45% to RM30.4 million, from RM55.5 million previously (FY2022), due to rising operating costs amid an increase in operational activities, driven by more favourable weather conditions. FY2023 revenue rose 7% to RM337.98 million, from RM315.82 million in FY2022, contributed 100% by sales derived in Indonesia. Source: Syafiqah Salim / theedgemalaysia.com

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KUALA LUMPUR (April 18): Sin-Kung Logistics Bhd has started taking orders from investors for its initial public offering (IPO) that may raise up to RM39.5 million ahead of its listing on Bursa Malaysia’s ACE Market The IPO, priced at 13 sen apiece, involves public issue of 200 million new shares and an offer for sale of 103.5 million existing shares, according to the prospectus unveiled on Thursday. All in all, the IPO is offering up to a 25.3% stake in the company. Applications for the IPO will close on May 2 and listing has been scheduled for May 15. The public issue consists of 60 million shares to the public, and 45 million shares to eligible persons, with the remaining 95 million shares reserved for private placement to Bumiputera investors. Proceeds from the public issue totalling RM26 million have been earmarked for the expansion of warehousing and distribution services, repayment of bank borrowings, purchase of commercial vehicles, working capital, and to defray estimated listing expenses. The offer-for-sale tranche meanwhile sets aside 55 million existing shares for Bumiputera investors, and another 48.5 million shares for selected investors, both to be done through private placement. The sale of existing shares is expected to gross RM13.5 million, which will go entirely to the selling shareholders Sin-Kung managing director Alan Ong and his sister Angeline Ong, who is an executive director. Source: Jason Ng / theedgemalaysia.com

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KUALA LUMPUR (April 18): Food and supplement company OB Holdings Bhd said on Thursday that it has secured approval from Bursa Malaysia for an initial public offering (IPO) on the bourse’s ACE Market, to raise funds for expansion. OB Holdings is targeting listing in the fourth quarter of 2024, the company said in a statement. The approval from Bursa Malaysia marks another step forward for the IPO since the company filed a draft prospectus on Oct 16, 2023. “This IPO approval marks an important milestone in our history, and allows us to embark on our next phase of growth,” said managing director Teoh Eng Sia. The company mainly manufactures the so-called fortified food and dietary supplements under various house brands, as well as for third-party brand owners. OB Holdings also offers contract packing services for various products such as milk powder, tea leaves, honey, herb powder, fruit powder, and liquid chlorophyll into retail packaging sizes, along with the trading of milk powder and other activities. The IPO involves a public issue of 120.00 million new ordinary shares, offering investors a 30.64% stake in the company, according to its draft prospectus. There is no sale of existing shares. Teoh and his wife Wong Chung Theng each currently own 50% in the company that made RM9.57 million in profit after tax, on the back of a RM46.45 million revenue in the year ended May 31, 2023. Proceeds from the IPO have been earmarked for repayment of bank borrowings, purchase of machines, product development, marketing and advertising, and for working capital requirements, as well as to defray listing expenses. Source: Jason Ng / theedgemalaysia.com

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KUALA LUMPUR (April 18): Feytech Holdings Berhad (Feytech) has entered into an underwriting agreement with TA Securities Holdings Berhad and AmInvestment Bank Berhad (joint underwriters) for the company’s Initial Public Offering (IPO) on the Main Market of Bursa Malaysia Securities Berhad. In a statement on Thursday, Feytech, which is mainly an automotive cover and seat manufacturer, said its customers in the original equipment manufacturer (OEM) market segment comprises automotive vehicle OEMs such as Mazda Malaysia (for Mazda 3, CX-5, CX-8 and CX-30 car models) and Kia Malaysia (for Kia Carnival and Sorento car models), as well as Tier 1 automotive seat and/or interior part manufacturers which serve local automotive vehicle OEMs, such as Mazda and Hyundai. The IPO entails a public issue of 143.32 million new ordinary shares and an offer for sale of 109.62 million existing shares. Of the 143.32 million public issue shares, 42.16 million shares will be made available to the Malaysian public via balloting, 25.29 million shares will be allocated to the eligible directors, employees and persons who have contributed to the success of Feytech, while the remaining 75. 87 million shares will be allocated by way of private placement to selected investors. Proceeds from the IPO will be utilised to part finance the acquisition of land and construction of a new corporate office with manufacturing plant and warehouse in Klang Valley with an approximately built-up area of 85,000 sq ft. Feytech executive director cum chief executive officer Connie Go said the IPO proceeds will assist in the group’s expansion locally where it hopes to grow and expand its services to existing and target customers within the region. For the financial year ended 2022, Feytech posted a net profit RM27.69 million on the back of revenue RM126.88 million. Earnings per share was 3.9 sen (pre-IPO) and 3.3 sen (post-IPO). Source: Surin Murugiah / theedgemalaysia.com

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KUALA LUMPUR (April 17): Keyfield International Bhd, an oil and gas services firm en route to Bursa Malaysia’s Main Market, reported a 72.43% surge in its fourth-quarter net profit, driven by higher vessel utilisation and charter rates. Net profit for the three months ended Dec 31, 2023 (4Q2023) totalled RM22.12 million, compared to RM12.83 million in the same period a year earlier, Keyfield said in an exchange filing. Revenue grew 76.82% year-on-year to RM119.53 million from RM67.6 million. Looking ahead, Keyfield expects supply conditions for offshore vessels, particularly accommodation workboats which the group specialises in, to remain tight in 2024 due to a shortage of suitable vessels to support offshore activities. Keyfield‘s trading debut is scheduled for April 22, after the company raised RM188 million from the second Main Market initial public offering so far this year, following Prolintas Infra Business Trust's debut on March 25. The IPO was oversubscribed nearly 10 times by the Malaysian public. At an IPO price of 90 sen per share, Keyfield is valued at RM720 million. The average daily charter rate for the company’s own vessels in 4QFY2023 increased by 16.6% compared to 4QFY2022, attributed to improved market conditions in the vessel chartering business. Meanwhile, the number of chartered days for third party vessels rose to 540 from 331. Average DCR also increased by 6.2% compared to a year earlier. The company chartered a total of eight third-party vessels in 4Q2023 as compared to five in 4Q2022. For the full FY2023, Keyfield’s net profit more than doubled to RM105.48 million from RM48.88 million. Revenue soared by 82.24% to RM430.45 million from RM236.2 million. Source: Syafiqah Salim / theedgemalaysia.com

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KUALA LUMPUR (April 16): KTI Landmark Bhd (KTI) has signed an underwriting agreement with M&A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia Securities Bhd. In a statement on Tuesday, the Sabah-based integrated property developer said the initial public offering (IPO) comprises a public issue of 160 million new shares and an offer for sale of 45 million existing shares, representing 20% and 5.6% of the enlarged share capital of KTI respectively. Pursuant to the underwriting agreement, M&A Securities will underwrite a total of 80 million new shares made available to the Malaysian public and pink form allocations. The remaining 80 million new shares will be placed out to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (Miti). As for the offer for sale portion, 20 million shares are reserved for private placement to Bumiputera investors approved by Miti while the remaining 25 million shares will be allocated by way of private placement to selected investors. Loke said the company has a proven track record as a design-and-build contractor to Lembaga Pembangunan Perumahan dan Bandar (LPPB), the state agency in Sabah. “As for our own property development projects, since 1998 we have completed several residential and commercial projects worth RM207.6 million GDV, directly and through joint ventures,” he said. Currently, KTI has a total of RM2.3 billion GDV on-going and upcoming projects across Kota Kinabalu, Tuaran, Sandakan and Papar in Sabah, where 30% are projects awarded by LPPB and the remaining are joint venture or its own projects to be developed until 2031. The company’s notable projects include among others Taman Wawasan in Beaufort, Taman La Gloxinia in Papar, Taman Seri Lemawang in Tuaran as well as Taman Nelly, Taman Lavender and The Logg in Kota Kinabalu. KTI targets to list on the ACE Market of Bursa Securities by June 2024. Source: Murugiah / theedgemalaysia.com

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KUALA LUMPUR (April 16): Carlo Rino Group Bhd has filed for an initial public offering (IPO) that would raise more funds for the apparel company as part of its listing transfer to the ACE Market from the LEAP Market. The IPO involves a public issue of 171.87 million new shares and an offer for sale of up to 87.98 million existing shares, according to the draft prospectus filed with Bursa Malaysia. All in all, the listing would offer investors a 26.58% stake at an undisclosed price in the company listed on the LEAP Market since November 2018. For its financial year ended June 30, 2023, the company made a net profit of RM23.85 million on the back of RM113.53 million revenue. Gross profit margin was 61.71% while profit before tax margin was 27.7%. Under the proposed public issue, the company has set aside 48.88 million new shares for the public, 800,000 shares for eligible persons, and 122.19 million shares through private placement to Bumiputera investors. Proceeds from the public issue have been earmarked for construction and the fitting out of a new flagship boutique, refurbishment of existing boutiques and counters at departmental stores, as well as for maintenance of IT infrastructure. The company also allocated some of the proceeds as working capital including advertising and promotion expenses, and to defray listing expenses. Source: Jason Ng / theedgemalaysia.com

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KUALA LUMPUR (April 15): Supreme Consolidated Resources Bhd, a distributor of frozen food products, has filed for an initial public offering (IPO) of 70 million shares on Bursa Malaysia’s ACE Market to raise funds for warehouse facilities expansion and working capital. The retail offering comprises 8.6 million shares for application by the public and 7.65 million shares for application by directors, employees and business associates of the company, according to the draft prospectus. The remaining 53.75 million shares will be placed out to Bumiputera investors approved by the Ministry of Investment, Trade and Industry. BNDM Incorporated Holdings Sdn Bhd and Lim Ah Ted are the largest shareholders of Supreme Consolidated, holding 40.67% and 26.25% stakes respectively. After the IPO, their deemed interest will be diluted to 34.05% for BNDM and 21.98% for Lim. Supreme Consolidated said it plans to use the IPO proceeds for the expansion of its warehouse facility, which will serve as an additional distribution centre for the company and cater to the expansion of its products. The company also plans to allocate some of the IPO proceeds for its day-to-day operations. For the financial year ended Sept 30, 2023 (FY2023), Supreme Consolidated posted a profit after tax (PAT) of RM9.22 million, up 13% from RM8.16 million in FY2022, while revenue declined 4% to RM199.64 million from RM209.95 million. For FY2021, the company recorded a PAT of RM7.65 million on revenue of RM187.5 million. The company said it envisages paying dividends of up to 50% of its annual PAT, subject to its financial performance, cash flow, and capital requirements. Source: Luqman Amin / theedgemalaysia.com

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KUALA LUMPUR (April 15): Kumpulan Kitacon Bhd has secured a letter of award (LOA) of main building works for a contract worth RM134.8 million in Ijok, Selangor. In a bourse filing on Monday, Kitacon said its unit Kitacon Sdn Bhd has accepted the LOA from Tropicana Alam Sdn Bhd for the proposed construction and completion of Phase 1 (Avisa) of the works. Phase 1 (Avisa) comprises the following works: i) 399 units of double storey terrace houses (20’ x 70’); ii) 32 units of double storey terrace houses (22’ x 70’); and iii) Three units of TNB substations (double chamber) on part of Lot 33962 (Plot C), Persiaran Puncak Alam 6, 42300 Bandar Puncak Alam, Mukim Ijok, Daerah Kuala Selangor, Selangor Darul Ehsan. Kitacon said the 22-month contract will commence on April 18 this year. The company said the contract is expected to contribute positively to its earnings for the financial years ending Dec 31, 2024 onwards, until the expiry of the contract. At midday break on Monday, Kitacon added 0.74% or 0.5 sen to its share price to 68.5 sen, with 26,800 shares traded.

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KUALA LUMPUR (April 12): Mercury Securities Sdn Bhd has recommended investors to subcribe to Main Market-bound MKH Oil Palm (East Kalimantan) Bhd (MKHOP) at 62 sen a share, with a fair value of 80 sen based on 14 times earnings per share forecast for the financial year ending Dec 31, 2024 (FY2024), translating into a 29% upside to the initial public offering (IPO) price. In an IPO note on Friday, the research house said its target price-earnings (P/E) is at a 25% discount to Malaysian peers' average P/E, considering MKHOP’s smaller market capitalisation. “We like MKHOP for the favourable age profile and superior fresh fruit bunch (FFB) yield of its plantations, which would be a compelling play should crude palm oil (CPO) prices remain high,” it said. Mercury Securities said despite achieving better average selling prices (ASPs), margins for MKHOP had been on a downtrend since FY2021 mainly due to a spike in fertiliser and labour costs. “We see FY2024 as a key turning point for the company, as a combination of favourable CPO prices and lower production cost (fertilisers and fuel) should help to significantly boost MKHOP’s earnings before interest and tax margin recovery to 22% to 24% in FY2024-25 (from a low of only 14% in FY2023). “Based on market forecasts, we assume MKHOP will achieve a stable CPO ASP (Indonesian domestic price) of RM3,500/3,400 per tonne in FY2024-25 (versus RM3,350/tonne realised in FY2023). For sensitivity analysis, we estimate that for every RM100/tonne increase in our CPO price assumptions, MKHOP’s FY2024-25 earnings will rise by 3% respectively. “Risk factors for MKHOP include: i) fluctuations in market prices of CPO and palm kernel; and ii) adverse weather conditions affecting the FFB yield,” the research house said. Source: Surin Murugiah / theedgemalaysia.com

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KUALA LUMPUR (April 4): Engineering services firm 3Ren Bhd has filed for an initial public offering (IPO) on Bursa Malaysia’s ACE Market to raise more funds for expansion, including setting up new delivery centres and an office in Singapore. The proposed IPO involves a public issue of 110 million new ordinary shares, as well as an offer for sale of 45 million existing shares, according to its draft prospectus on Bursa Malaysia. All in all, the listing would offer investors up to a 23.84% stake in the company. “We intend to set up our own dedicated delivery centres to specifically undertake certain product engineering services projects which are usually performed at various locations of our customers,” 3Ren said. The company’s fully-owned subsidiaries — Sophic Automation Sdn Bhd, Sophic MSC Sdn Bhd and Pinkypye Sdn Bhd — are involved in automation solutions, precision machining and engineering services. For the nine-month period ended Sept 30, 2023, the company posted a net profit of RM6.58 million, up 14.6% from RM5.74 million in the corresponding period of the previous year. Revenue was down 8.4% year-on-year to RM67.18 million from RM73.37 million. For the public issue, 3Ren is offering 32.5 million shares to the Malaysian public, 30 million shares to eligible persons, 3.8 million to Bumiputera investors, and 43.7 million to select investors through private placement. The offer for sale tranche will be done through private placement to select Bumiputera investors Proceeds from the IPO will be allocated towards establishing an office in Singapore and funding research and development initiatives. The company will spend some of the funds raised for repayment of bank borrowings, as working capital and on listing expenses. Meanwhile, the proceeds from the offer for sale will accrue entirely to the offerors, including chief executive officer Koh Dim Kuan, executive director Lee Chee Hoo, business development manager Low Chee Onn and shareholder Malaysian Technology Development Corporation. Source: Hee En Qi / theedgemalaysia.com

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KUALA LUMPUR (April 4): Sorento Capital Bhd, a distributor of bathroom and kitchen sanitary ware products, has filed for an initial public offering (IPO) on Bursa Malaysia’s ACE Market to raise funds for its expansion. The IPO is expected to involve a public issuance of 155 million new shares and an offer for sale of up to 74 million existing shares, according to the draft prospectus filed with Bursa Malaysia. Under the public issue, 43 million shares will be made available to the public while 16 million shares have been set aside for eligible directors, employees and persons who have contributed to the group’s success. The remaining 96 million will be offered via a private placement to Bumiputera investors as approved by the Ministry of Investment, Trade and Industry (Miti). Of the offer for sale, 62.5 million shares will be allocated to selected investors and 11.5 million to Bumiputera investors as approved by Miti, both by way of private placement. Sorento said the funds raised from the IPO will be go towards advertising and branding initiatives and expanding its dealer network, with plans to enlist 200 new dealers nationwide within the next three years. The money will also be used to repay bank loans and bolster working capital for inventory procurement. The group, through its wholly-owned subsidiaries Sorento Sdn Bhd, Beyond Bath Sdn Bhd, Nautical Sanitaryware Sdn Bhd, Ideal Bath Sdn Bhd and Mocha Sdn Bhd, has an extensive range of bathroom and kitchen sanitary ware products under its house brands Sorento, Mocha, Cabana and i-Born. Sorento is also the authorised distributor in Malaysia for two foreign third-party brands of bathroom and kitchen sanitary ware products, namely Bravat and Infinity. For the financial year ended June 30, 2023 (FY2023), the group’s net profit jumped 95.65% to RM24.93 million from RM12.74 million a year earlier as revenue grew 23.84% to RM112.31 million from RM90.69 million. Source: Syafiqah Salim / theedgemalaysia.com

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KUALA LUMPUR (April 3): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued its rally on Wednesday to close above RM4,400 a tonne following a surge in crude oil prices, said a dealer. Palm oil trader David Ng said the expectation of better demand in coming weeks was also seen as lifting market sentiment. “We see support at RM4,300 a tonne and resistance at RM4,500 a tonne,” he told Bernama. At the time of writing, Brent crude oil rose 1.01% to US$89.92 per barrel, while the West Texas Intermediate climbed 1.02% to US$86.02 per barrel. Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said CPO futures were seen extending its bullish run to eventually cross the psychological resistance following strength in the Chinese vegetable oil futures in Asian hours and Chicago Board of Trade (CBOT) soyabean oil’s performance overnight. He said the strong CPO fund activity, expectations of easing Malaysian palm oil inventories and a lower-than-expected production growth had been seen supporting palm oil. A strong export performance in March added to the bullish sentiment. At the close, the spot month April 2024 contract jumped RM115 to RM4,579 a tonne, May 2024 rose RM84 to RM4,479 a tonne, June 2024 increased RM95 to RM4,407 a tonne, and July 2024 gained RM107 to RM4,336 a tonne. August 2024 and September 2024 added RM117 each to RM4,261 a tonne and RM4,197 a tonne, respectively. Total volume grew to 141,691 lots from Tuesday’s 64,463 lots, while open interest widened to 283,241 contracts from 282,362 contracts previously. The physical CPO price for April South rose RM110 to RM4,580 a tonne from RM4,470 a tonne on Tuesday. Source: Bernama

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KUALA LUMPUR (April 3): Hospital operator MDC Asia Link Bhd (MDC) said on Wednesday that its plan for an initial public offering (IPO) in Bursa Malaysia this year will be delayed due to digitalisation challenges. “We are aware that competing in the healthcare industry is challenging without an integrated digital system for our clinic operations” MDC founder and chief executive officer Dr Aslan Bacho said during the signing ceremony of business partnership with digital health service provider UCrest Bhd on Wednesday. The partnership with UCrest will adopt the iMedic platform as the clinic management system (CMS) for its dental business operation by using artificial intelligence (AI) and internet of medical things (IoMT). iMedic will be used to manage the patients through a mobile app which will allow them to track the related vital signs, biomarkers and lifestyle that can affect the oral health and manage their dental care plan. “We hope this partnership will accelerate business model refinement, enhance customer relations, and improve overall company valuation for MDC,” Aslan said. Originally targeted for early this year, Aslan said the group is now looking forward to executing the IPO plan within the next three years, leading up to 2026. The group had in 2022 said its intention to become a public-listed company after officiating the opening of its maternity hospital and MDC Pusrawi confinement centre in Kota Damansara, Petaling Jaya. As part of its growth strategy, MDC plans to establish a specialist dental hospital, four maternity hospitals, and 99 dental and medical clinics by 2025. Currently, MDC operates 25 dental clinics primarily in the Klang Valley area, with a special focus on paediatrics dental care, general dentistry, and orthodontic services. Source: Luqman Amin & Anis Hazim / theedgemalaysia.com

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KUALA LUMPUR (April 2): Chemical manufacturer Sersol Bhd is looking to raise up to RM8.5 million via a private placement of 85 million new shares or not more than 10% of its issued shares for working capital purposes. The issue price is set to be determined later, the group said in a bourse filing on Tuesday. For illustrative purposes, however, the group has assumed an issue price of 10 sen per share, which represents a discount of 9.83% to the five-day volume weighted average market price of the shares up to Tuesday of 11.09 sen. Previously, Sersol raised RM19.39 million in 2022 from two rounds of equity fundraising exercises, with RM15.56 million raised in April and RM3.83 million in October. However, this fell short of its initial proposal which aimed to raise up to RM26.49 million in total. For the just announced placement, Sersol said the bulk of the proceeds will be used for its working capital as it intends to increase its holdings of raw materials such as resin, solvent and hardener for the manufacturing of its existing product offerings. Sersol has changed its financial year to June 30 from Dec 31. Prior to that, the group had been in the red for three financial years, with a net loss of RM1.8 million in FY2021, RM15.6 million in FY2022, and RM16.3 million in FY2023. For the fourth quarter ended Dec 31, 2023, Sersol saw its net loss narrow to RM3,000 from RM13.75 million a year earlier. Quarterly revenue stood at RM4.07 million, down 23.6% from RM5.32 million previously. Sersol's substantial shareholders include Sanston Financial Group with a 26% stake, Hillcove Sdn Bhd with 13.7%, Justin Lim Hwa Tat with 12.8% and Morgan Stanley with 6.6%. Lim was the group’s previous chief executive officer. He was fired by the group in November 2023 after being suspended for allegedly showing insubordination and failing to act as a responsible CEO. At Tuesday's market close, shares of Sersol Bhd remained unchanged at 10 sen, valuing the group at RM73.1 million. The counter has lost three sen or 23.1% since the start of the year and six sen or 37.5% over the past 12 months. Source: Hee En Qi / theedgemalaysia.com

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KUALA LUMPUR (April 2): theedgemalaysia.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Tuesday. One stock showed positive momentum, while five stocks showed negative momentum. The stock with positive momentum was: MHC Plantations Bhd — down 0.93% or one sen at RM1.07 The stocks with negative momentum were: Cabnet Holdings Bhd — up 1.67% or half a sen at 30.5 sen, Haily Group Bhd — up 7.29% or 3.5 sen at 51.5 sen, NCT Alliance Bhd — up 6.67 or three sen at 48 sen, SNS Network Technology Bhd — up 20.69% or six sen at 35 sen, Success Transformer Corp Bhd — up 7.78% or 6.5 sen at 90 sen. The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum. This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher-than-normal volume and price movements. The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time. However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks if they want to ride the momentum. Source: Anis Hazim / theedgemalaysia.com

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KUALA LUMPUR (April 2): Johor Plantations Group Bhd (JPG), formerly known as Johor Plantations Bhd, has obtained approval from the Securities Commission Malaysia (SC) to list on the Main Market of Bursa Malaysia Securities Bhd. In a statement on Tuesday, the upstream oil palm plantation company said that pursuant to the listing, its initial public offering (IPO) of up to 875 million shares will comprise a public issue of 464 million new shares, and an offer for sale of up to 411 million existing shares. It said of these 875 million shares, up to 485 million will be made available to Malaysians and foreign institutions, 312.5 million will be allocated to Bumiputera investors approved by the Ministry of Investment, Trade and Industry, 50 million shares will be made available for application by the Malaysian public by way of balloting, while the remaining 27.5 million shares will be earmarked for eligible persons who have contributed to the success of the group. JPG managing director Mohd Faris Adli Shukery said the company is poised to expand into the downstream segment of the plantation business, and diversify its product offerings to include specialty oils and fats for food production. Mohd Faris said JPG will strategically utilise part of the IPO proceeds to construct an integrated sustainable palm oil complex, while ensuring business continuity through disciplined replanting strategies. “Given our reputable track record and established integrated business model, we are confident in our future growth trajectory, and will remain steadfast in our commitment to delivering excellence while adhering to sustainable plantation practices,” he said. RHB Investment Bank Bhd is the principal adviser, joint global coordinator, joint bookrunner, managing underwriter and joint underwriter for the IPO exercise. Source: Surin Murugiah / theedgemalaysia.com

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KUALA LUMPUR (April 1): Sin-Kung Logistics Bhd said on Monday it had signed an underwriting agreement with M&A Securities Sdn Bhd for its upcoming initial public offering (IPO) on the ACE Market. The agreement marks another step forward for the IPO since the company, which mainly provides trucking services focusing on airport-to-airport road feeder services, filed a draft prospectus in July 2023. “The IPO is timely, as it will enable the company to gain access to the Malaysian capital market to raise funds to facilitate the continued growth and development of our trucking, container haulage, as well as warehousing and distribution services,” said Sin-Kung managing director Alan Ong. Sin-Kung currently owns about 460 commercial vehicles for trucking, container haulage, warehousing and distribution, as well as other logistics-related businesses. The company also operates five warehouses in the central and northern regions of Peninsular Malaysia. The company has earmarked proceeds from the IPO for expansion of warehousing and distribution services, repayment of bank borrowings, purchase of commercial vehicles, working capital, and to defray estimated listing expenses. The IPO involves a public issue of 200 million new shares and an offer for sale of 103.5 million existing shares, according to the draft prospectus filed earlier. All in all, the IPO is offering up to a 25.3% stake in the company. The public issue allocates 60 million shares to the public, and 45 million shares to eligible persons, with the remaining 95 million shares reserved for private placement to Bumiputera investors. Under the agreement, M&A Securities will underwrite a total of 105 million new shares made available to the Malaysian public and eligible persons under the so-called pink form allocations. The offer-for-sale tranche meanwhile sets aside 55.0 million shares for Bumiputera investors, and another 48.5 million shares for selected investors, both to be done through private placement. Source: Jason Ng / theedgemalaysia.com

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KUALA LUMPUR (April 1): Bursa Malaysia opened higher on Monday, supported by buying interest in most sectors, said analysts. At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) added 2.39 points to 1,538.46 from last Friday’s close of 1,536.07. The benchmark index opened 1.43 points higher at 1,537.50. On the broader market, gainers led decliners 224 to 126 while 314 counters were unchanged, 1,609 untraded and eight others suspended. Turnover amounted to 160.24 million units worth RM62.56 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng expects sentiment to remain soft on Monday with the index hovering within the 1,530-1,540 range despite strong buying interests seen in the financial and telecommunications sectors last Friday. On the commodity market, Thong said crude palm oil continued with its uptrend at around RM4,200 per tonne in line with the strength of other edible oils. As for crude oil, Brent crude closed at US$87 per barrel amid a better economic environment and production cuts by the Organization of the Petroleum Exporting Countries and its allies (Opec+), and many anticipate the price to surpass US$90 per barrel soon. Among the heavyweight counters, Telekom Malaysia Bhd rose seven sen to RM6.06, Sime Darby Bhd added two sen to RM2.62, IOI Corp Bhd was two sen higher at RM4, Sime Darby Plantation Bhd increased three sen to RM4.34, and Petronas Chemicals Group Bhd gained four sen to RM6.75. Among the actives, Sapura Energy Bhd eased half-a-sen to 4.5 sen, Handal Energy Bhd went up by 1.5 sen to 10 sen, MMAG Holdings Bhd was flat at 19 sen, and Sealink International Bhd garnered one sen to 20.5 sen. On the index board, the FBM Emas Index edged up 20.57 points to 11,592.16, the FBMT 100 Index increased by 19.32 points to 11,237.41, and the FBM Emas Shariah Index gained 20.80 points to 11,664.32. The FBM 70 Index rose by 38.55 points to 16,272.63, and the FBM ACE Index climbed 8.05 points to 4,905.11. Sector-wise, the Industrial Products and Services Index rose 0.54 of-a-point to 180.17, the Financial Services Index improved by 22.32 points to 17,295.59, the Plantation Index went up 29.60 points to 7,317.27, and the Energy Index advanced 4.76 points to 957.12. Source: Bernama.

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KUALA LUMPUR (March 30): Retirement Fund Inc (KWAP) and Abrdn Malaysia Sdn Bhd have upped their stakes in credit reporting agency CTOS Digital Bhd. Filings with Bursa showed that KWAP acquired a total of 1.51 million CTOS shares and disposed of 319,700 in the open market on Wednesday. Following the transaction, KWAP’s stake in CTOS increased to 6.5%, equivalent to 150.18 million shares. Notably, KWAP first emerged as a substantial shareholder at a time when CTOS came under heavy selling pressure, falling below its initial public offering price of RM1.10, after receiving an unfavourable outcome in a legal dispute, where the judge ruled in favour of a businesswoman who had sued it for negligence and breach of fiduciary duty with regard to its credit scoring activity. KWAP then acquired 28.81 million shares in CTOS in the open market and disposed of 1.37 million shares on the same day, bringing its total shareholding to 5.81%, or 134.14 million shares. Meanwhile, Abrdn also increased its investment in CTOS by acquiring 6.52 million shares on Wednesday, raising its stake to 8.84%, or 204.37 million shares, according to filings with Bursa. CTOS’s largest shareholder is private equity firm Creador V LP, which holds 19.58%. This is followed by the Employees Provident Fund (EPF) with 11.35% interest in the company. CTOS appealed against the High Court decision to the Court of Appeal on Feb 8, and also filed an application to seek a stay of execution of the judgement. CTOS shares closed at RM1.32 per share on Friday, two sen or 1.49% lower from the previous trading day, bringing the company’s market capitalisation to RM3.05 billion. Source: Luqman Amin / theedgemalaysia.com

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KUALA LUMPUR (March 29): Hong Leong Investment Bank (HLIB) said MR DIY Group (M) Bhd’s growth will continue to be anchored by the steady store expansion. In a technical tracker on Friday, HLIB said that for the financial year 2024 (FY2024), the group is targeting 180 new store openings, predominantly focusing on East Malaysia due to 58% higher population density per store and 30% higher average sales per store in the region. The research house highlighted that since its initial public offering in 2020, MR DIY has expanded its store network by 111.6% to 1,255 by the end of FY2023 from 593 in FY2020, as well as a 66.3% earnings surge over the same period. “Moreover, the group's emphasis on optimising revenue per square foot and operational efficiency is expected to further bolster its financial performance. “The forthcoming rationalisation of subsidies, particularly focusing on petroleum products (which constituted 82% of 2022's subsidies), is likely to dampen consumers' spending power, consequently negatively affecting consumer counters. “Nevertheless, the negative impact could be partially cushioned by the cash aid dished out to selected groups (i.e. targeted subsidies),” it said. HLIB said the formation of a hammer candlestick on the last trading day, accompanied by on-the-mend indicators, indicates that MR DIY is poised for a rebound. “A successful breakout above RM1.52 hurdle will spur the price towards RM1.59-RM1.65-RM1.72 region. “Cut loss at RM1.37,” it said.

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KUALA LUMPUR (March 27): Calcium carbonate producer Zantat Holdings Bhd ended its maiden trading day on Bursa Malaysia’s ACE Market at 37.5 sen, a premium of 12.5 sen or 50% over its initial public offering (IPO) price of 25 sen. The counter surged by as much as 17 sen or 68% to 42 sen, after opening at a premium of 15 sen or 60% to 40 sen. It was the most active stock on Bursa Malaysia with 92.91 million shares traded. At 37.5 sen per share, the group is valued at about 12.5 times its price-earnings ratio, based on a net profit of RM6.77 million and basic earnings per share of three sen for the financial year ended Dec 31, 2023 (FY2023). Its market capitalisation stands at RM105 million, based on a share capital of 280 million. He also expected demand from India to remain strong. India accounts for 60% of Zantat's total revenue. “As for our new [bioplastic] products, we are planning to expand our footprint to Australia, New Zealand and Europe. We are collaborating with strategic partners to produce compostable garbage bags, which will be exported to these countries, hopefully by this year,” he told the press after the listing ceremony on Wednesday. Zantat Perak Plant 1, whose products are primarily exported for the plastic industry in India, achieved an average utilisation rate of 94% for the nine months ended Sept 30, 2023 (9MFY2023). However, Zantat Perak Plant 2, which is used to produce bioplastic compounds, recorded a utilisation rate of 28% during the same period. In a March 18 bourse filing, Zantat said it posted a net profit of RM1.1 million or 0.5 sen per share for its fourth quarter ended Dec 31, 2023 (4QFY2023), on the back of RM31.7 million in revenue. There were no comparative figures for the corresponding quarter a year ago, as it was the first interim financial report announced by Zantat, in compliance with listing requirements. Zantat's IPO was oversubscribed by 130.15 times, its public portion attracting RM459.01 million worth of orders, or about 33 times the RM14 million that it aimed to raise from the offering. Source: Hee En Qi / theedgemalaysia.com

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KUALA LUMPUR (March 27): Topmix Bhd, which launched its initial public offering (IPO) prospectus on Wednesday, expects growth in the local residential and commercial property markets to bode well for its surface decorative products. Topmix derives nearly 100% of its revenue from the domestic market. The border reopening has revitalised Malaysia’s tourism sector and encouraged investments in the upgrading, refurbishment and construction of hotels, retail as well as food and beverage premises, ultimately driving demand for surface decorative products, its IPO prospectus stated. According to its prospectus, the value of property transactions in Malaysia has been on an uptrend after the pandemic, increasing from RM85.4 billion in 2020 to RM126.9 billion in 2022. Topmix managing director Jack Teo also expects further revenue growth from its new products, adding that its in-house brand, such as the Dekowall wall panels, has integrated technologies new to Malaysia. Teo said the company will increase its warehouse capacity in the central region of Peninsular Malaysia, as well as expand its footprint into the northern region, driven by an increase in foreign direct investment in the area. “We found that the consumer behaviour in the northern region has changed. In the past, people [in the northern region] did not like trendy designs, but now [there are] many F&B commercial projects that focus a lot on renovation,” he told the press after the IPO prospectus launch. Commenting on the volatility in raw material prices, Topmix’s financial controller Janice Siow explained that its products were mostly procured from original equipment manufacturers in China. She said the shortage of raw materials would increase procurement costs, but the company has managed to pass cost increments to its customers. Furthermore, she said that the company has also adopted hedging strategies to address the fluctuations in foreign exchange. Topmix’s major suppliers hail from China, South Korea and Thailand, according to its prospectus.

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KUALA LUMPUR (March 27): Total surface decorative products company Topmix Bhd began taking orders from investors on Wednesday for its initial public offering (IPO) on the ACE Market that would raise up to RM25.6 million. The IPO, which is priced at 31 sen apiece, comprises a public issuance of 82.7 million new ordinary shares, which represents 21% of the enlarged share capital, as well as an offer for sale of 19.7 million existing shares, which represents 5% of the enlarged share capital, by way of private placement to selected investors. Out of the 82.7 million new shares, the company allocated 19.7 million shares to the public, 7.9 million shares to eligible persons and 55.1 million shares to Bumiputera and select investors through private placement. Applications for the IPO will close on April 4, while the listing is set for April 23. The company sees a pricing-earning ratio of 14.3 times, based on its net profit of RM8.5 million for the financial year ended Dec 31, 2022 (FY2022). For the financial period ended Sept 30, 2023 (9MFY2023), the group reported a net profit of RM5.6 million, on the back of RM51 million. According to its statement on Wednesday, the company plans to use 44.2% of its proceeds, or RM11.3 million, for general working capital and 23.3%, or RM6 million, for business expansion. It will also allocate 20.8% of its proceeds, or RM5.3 million, to expand into the assembly of melamine-faced chipboard products. The remaining RM3 million, or 11.7%, will be used to defray listing expenses. Source: .

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KUALA LUMPUR (March 27): Calcium carbonate producer Zantat Holdings Bhd made a robust debut on the ACE Market of Bursa Malaysia by opening at 40 sen, up 15 sen or 60% from its initial public offering (IPO) price of 25 sen per share, with an opening volume of 6.3 million shares. At 40 sen per share, the group is valued at about 13 times its price-earnings ratio, based on a net profit of RM6.77 million and basic earnings per share of three sen for the financial year ended Dec 31, 2023 (FY2023). Its market capitalisation stands at RM112 million, based on a share capital of 280 million. Looking ahead, managing director Ivan Chan said the group expects the glove industry to recover from the previous downturn in the second half of the year, which could generate extra revenue for the company, as its products are used as fillers for the glove industry. The group saw Zantat Perak Plant 1, whose products are primarily exported to the plastic industry in India, achieve an average utilisation rate of 94% for the nine-month financial period ended Sept 30, 2023 (9MFY2023). However, Zantat Perak Plant 2, which is used to produce bioplastic compounds, recorded a utilisation rate of 28% during the same period. In a bourse filing dated March 18, 2024, Zantat said it posted a net profit of RM1.1 million or 0.5 sen per share for its fourth quarter ended Dec 31, 2023 (4QFY2023), on the back of RM31.7 million in revenue. There were no comparative figures for the corresponding quarter a year ago, as it was the first interim financial report announced by Zantat, in compliance with listing requirements. Prior to its market debut, Zantat was oversubscribed by 130.15 times. It attracted RM459.01 million worth of orders for shares of its IPO from the Malaysian public, about 33 times the RM14 million that it aims to raise from its IPO. M&A Securities is the adviser, sponsor, underwriter and placement agent for the IPO exercise. Source: Hee En Qi / theedgemalaysia.com

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KUALA LUMPUR (Oct 17): Sunview Group Bhd made its debut on the ACE Market of Bursa Malaysia on Monday (Oct 17) at 59.5 sen, a 105.1% premium to its initial public offering (IPO) issue price of 29 sen. The stock pared its gains later to close its maiden trading day at 46 sen, still up 17 sen or 58.62%, valuing the group at RM66.43 million. With a total trading volume of 127.57 million shares, the stock was also the most actively traded for the day. Sunview is principally involved in engineering, procurement, construction, and commissioning (EPCC) as well as construction and installation services for solar photovoltaic (PV) facilities, solar power generation and supply, as well as associated services and products. The public portion of its IPO was oversubscribed by 63.19 times. The listing exercise successfully raised RM34.22 million via the issuance of 118 million new shares, of which RM20.1 million or 58.72% of the proceeds are earmarked to fund the group’s working capital requirements, while RM7 million or 20.46% will go towards repayment of bank borrowings. Another RM1.86 million or 5.42% will be allocated towards capital expenditure, followed by RM1.67 million or 4.88% for business expansion, whereas the remaining RM3.6 million or 10.52% will be used to defray listing expenses. The group's listing is the 30th on Bursa this year, and the 21st on the ACE Market. Sunview has 35 ongoing EPCC projects for solar PV facilities, with a total contract value of RM685.29 million. The group has completed over 100 projects, with a total contract value of RM102.04 million. Looking ahead, Ong noted that the group is setting up a new office in Johor to address potential opportunities in EPCC of rooftop solar PV facilities and providing associated services, besides targeting commercial and industrial applications in the southern region of Peninsular Malaysia. “At this moment, we have our headquarters in Petaling Jaya, and we do have a storage warehouse in Shah Alam. Yes, we are planning to open an office in Johor, with the aim of serving our southern region customers and clients better,” he said. Ong said while the ongoing depreciation of the ringgit and the strengthening of the dollar had slightly affected Sunview's procurement of raw materials, the company is mitigating the negative impact by optimising costs through its designs as well as purchasing from various suppliers. Source: Shazni Ong / theedgemarkets.com

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KUALA LUMPUR (March 26): Oil and gas (O&G) services firm Keyfield International Bhd on Tuesday began taking orders from investors for its initial public offering (IPO) that would raise up to RM188.06 million. The IPO is priced at 90 sen apiece and comprises entirely of new shares, according to its prospectus. The company allocated 40 million shares to the public, 24 million shares to eligible persons and 144.96 million shares to Bumiputera and select investors through private placement. Applications for the IPO will close on April 3 and listing has been scheduled for April 22. All in all, the IPO offers investors a total of 26% of the company’s enlarged share capital in the company that made a net profit of RM83.35 million in Jan-Sept 2023 and RM48.88 million for 2022. Keyfield mainly charters accommodation vessels and provides related onboard services such as accommodation, catering, housekeeping, laundry and medical support services to national O&G corporation Petronas and other contractors in the industry. More than one-third of the proceeds from the IPO has been earmarked for settlement of balance purchase consideration for 500-passenger barge Blooming Wisdom and another one-third will go towards redeeming cumulative redeemable non-convertible preference shares in Keyfield. The company plans to also use 18.6% of the proceeds to settle the balance purchase consideration for Helms 1 platform supply vessel, the prospectus showed. The balance will go towards repayment of bank borrowings, fund working capital, and to defray listing expenses. M&A Securities is the principal adviser, underwriter and joint placement agent while Maybank Investment Bank is also the joint placement agent. Source: Jason Ng / theedgemalaysia.com

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KUALA LUMPUR (March 22): Fertility care company Alpha IVF Group Bhd ended its maiden day flat at 32 sen after its initial public offering (IPO), the largest ever on the ACE Market, raised RM466.5 million. The counter emerged as the third most active stock on Bursa Malaysia, with 271.05 million shares exchanged. It traded between an intra-day low of 30.5 sen and a high of 32.5 sen during Friday’s trading session, after opening flat at 32 sen. At 32 sen per share, the group was valued at about 21.92 times its price-earnings ratio, based on a net profit of RM54.79 million and basic earnings per share of 1.46 sen for the financial year ended May 31, 2023 (FY2023), as stated in its prospectus. Its market capitalisation stood at RM1.56 billion, based on a share capital of 4.86 billion shares. Alpha IVF aims to distribute at least 60% of its annual net profit as dividends. For the cumulative six months ended Nov 30, 2023 (6MFY2024), the company posted a net profit of RM25.34 million, on the back of a revenue of RM80.14 million. The company mainly focuses on assisted reproductive services with a strong emphasis on in-vitro fertilisation, a medical procedure where eggs are collected and fertilised by sperms in a laboratory, before implanted in the womb. The company currently operates two centres in Malaysia and one in Singapore. AmInvestment Bank Bhd is the principal adviser, sponsor, lead book runner, and sole underwriter for the IPO. Source: Hee En Qi / theedgemalaysia.com

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KUALA LUMPUR: Malaysia kekal sebagai destinasi pilihan pelaburan langsung asing (FDI) di rantau ini, termasuk menarik minat kalangan syarikat-syarikat multinasional (MNC) yang berhasrat mengembangkan jejak global secara strategik. Ketika berkongsi perkara itu, Pengarah Urusan DHL Express Malaysia dan Brunei, Julian Neo, berkata susulan perkembangan geopolitik baru-baru ini, usaha mendapatkan penyumberan omni telah menjadi tumpuan utama bagi syarikat di serata industri yang dilihat penting dalam mengukuhkan daya tahan rantaian bekalan. Antara kekuatan utama Malaysia adalah akses mudah ke pasaran utama Asia, permintaan pengguna yang kukuh untuk barangan dan perkhidmatan antarabangsa, sokongan institusi, infrastruktur yang maju, rangka kerja undang-undang yang mantap, bakat atau tenaga kerja yang mampu bertutur dalam bahasa Inggeris selain kemahiran digital serta perjanjian perdagangan bebas. Menurut laporan terkini Global Connectedness atau Keberhubungan Global DHL Group yang dilancarkan pada 13 Mac 2024, Malaysia di kedudukan ke-26 daripada 181 ekonomi atau negara, didorong oleh pertumbuhan aliran perdagangan (import dan eksport merentasi barangan dan perkhidmatan) serta peningkatan aliran keluar masuk FDI. Mengulas sama ada cukai perkhidmatan enam peratus ke atas perkhidmatan logistik yang berkuatkuasa pada 1 Mac 2024 boleh menjejaskan perniagaan syarikat di negara ini, Neo berkata cukai itu hanya dikenakan kepada penghantaran domestik dan tidak termasuk antarabangsa, yang merupakan tugas utama DHL Express Malaysia. Bagi aspek kemampanan, Neo berkata DHL Express mempunyai sebanyak 52 van elektrik dan tujuh motosikal elektrik yang terbabit dalam usaha pengambilan dan penghantaran selain berada di landasan tepat bagi mencapai 60 peratus elektrifikasi kumpulan kenderaan menjelang 2030. Sumber : Bernama

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UALA LUMPUR (March 22): TA Securities has valued ACE Market-bound frozen seafood firm SBH Marine Holdings Bhd at 24 sen, and said at the initial public offering (IPO) price of 22 sen, SBH is priced at a trailing price-earnings ratio of 15 times its earnings per share for the financial year ended Dec 31, 2023. In a note on Friday, the research house, which does not have a rating for the stock, said the valuations had taken into consideration the group’s plan to expand its regional presence and growing global population. “In addition, we have also factored in SBH’s plans to expand its aquaculture shrimp farming and seafood processing plant, which will enhance profit margins and reduce dependence on third-party suppliers. On the outlook for the company, TA Securities said based on independent market research conducted by Protégé and published in the IPO prospectus, the export value of frozen seafood in Malaysia was valued at RM2.2 billion in 2023 (-1% year-on-year) due to weaker demand. “However, export value is expected to grow by 5.5% to RM2.3 billion in 2024, driven by an increase in health awareness leading to a shift away from canned food to frozen seafood. It said the slowdown is attributable to political uncertainties in the Middle East, and the conflict between Russia and Ukraine, which have dampened consumer sentiment in Europe. “Thereafter, we anticipate the group to record earnings growth of 12% to RM14.5 million for FY2024, and 21% to RM17.4 million for FY2025. “Growth will be supported by an increase in demand from existing customers, and efforts to secure potential new customers through participation in overseas exhibitions and trade shows,” the house said. Source: Surin Murugiah / theedgemalaysia.com

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KUALA LUMPUR (March 21): Hong Leong Investment Bank (HLIB) has maintained its 'buy' rating of Malaysia Airports Holdings Bhd (MAHB) at RM9.12, with a higher target price (TP) of RM10.25 (from RM9.80), and said the finalisation of new operating agreements (OAs) and the first Regulatory Period (RP1) have effectively strengthened MAHB’s position in the development and management of airports in Malaysia with earnings certainty for the next 35 years. In a note on Thursday, the research house said MAHB will benefit from the higher aviation services charges (including passenger service charges) revenue and cash flow, while benefiting from the recovery of air travel and an improving international passenger mix (higher passenger tariffs and spending power) for both Malaysian and Istanbul Sabiha Gökçen International Airport operations. HLIB said the higher TP for MAHB is based on sum-of-parts valuation, given the improved earnings outlook, leveraging on the expected recovery of air travel demand in the financial year ending Dec 31, 2024 (FY2024) and FY2025, and the finalisation of OAs and the RP1 structure in strengthening MAHB’s commitment towards airport developments in Malaysia. Source: Surin Murugiah / theedgemalaysia.com

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KUALA LUMPUR (March 20): Johor-based vegetable wholesaler Farm Price Holdings Bhd said on Wednesday it has secured regulatory approval for its listing on the ACE Market of Bursa Malaysia. The approval marks another step forward for Farm Price’s initial public offering since the company filed a draft prospectus on Oct 12, 2023. “We believe it is timely as the public is given the opportunity to invest in a business that plays a crucial role in ensuring sufficiency of fresh vegetables in the market,” Farm Price managing director Dr Tiong Lee Chian said in a statement. The company has regional distribution centres across northern, central as well as southern regions of peninsular Malaysia, alongside a centralised distribution centre in Johor serving both Malaysia and Singapore markets. The IPO entails a public issue of 102 million new ordinary shares as well as an offer for sale of 33 million existing shares. All in, the listing offers investors a 30% stake in the company. Under the public issue, 22.5 million new shares will be made available to the Malaysian public, followed by 11.25 million shares for eligible persons and 68.25 million shares set aside for private placement to select investors. Proceeds from the IPO will be used for the construction of new facilities, purchase of machinery, equipment and logistics fleet, planned regional distribution and procurement centre and working capital, according to the draft prospectus. On the financial front, Farm Price’s earnings have risen over the past three financial years with profit after tax of RM4.75 million in the financial year of 2022 (FY2022) versus RM3.11 million in FY2021 and RM2.86 million FY2020. Revenue meanwhile has grown to RM94.38 million in FY2022 from RM81.97 million in FY2021 and RM73.54 million in FY2020. Source: Syafiqah Salim / theedgemalaysia.com

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KUALA LUMPUR (March 19): Small and medium enterprises (SMEs) and start-ups, including those operating in rural areas, are encouraged to apply for the Internship Placement Matching Grant for Small and Medium Enterprises (LiKES). In making the call, Talent Corporation Malaysia Bhd (TalentCorp) group chief executive officer Thomas Mathew said LiKES, which was launched on Monday, enables the industry to train local talent through industrial training by optimising government incentives to alleviate the burdens of all involved parties. On Monday, Minister of Human Resources Steven Sim Chee Keong launched LiKES, a new initiative under TalentCorp, with a total matching grant of RM30 million provided by the government to benefit 30,000 trainees. The LiKES matching grant covers a training period of up to six months and is open to applications by SMEs and start-ups, in addition to the qualified applicant committing to offer a training placement of at least 10 weeks and provide a minimum industrial training allowance. Therefore, Mathew viewed LiKES as a forward-thinking intervention aimed at nurturing and preparing young talent, whether university students or those taking up technical and vocational education and training (TVET) programmes, to meet the industry's demands. He said the initiative also serves as a prompt and efficient intervention to stimulate the economy of SMEs and bolster the job market. Meanwhile, Small and Medium Enterprises Association of Malaysia (Samenta) president Datuk William Ng said LiKES could make SMEs appear more attractive to prospective trainees and enable SMEs to continue hiring trainees after graduation. According to him, Samenta will collaborate with TalentCorp to identify progressive SME employers for the LiKES programme and expand opportunities for young individuals seeking internship placements. Source: Theedge malaysia

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KUALA LUMPUR (March 18): Frozen seafood company SBH Marine Holdings Bhd began taking orders from investors on Monday for its initial public offering (IPO) that would raise up to RM50.6 million. The IPO, priced at 22 sen per share, involves a public issue of 180 million new ordinary shares, and an offer for sale of 50 million existing ordinary shares, according to its prospectus. All in all, the IPO involves sale of about 26% stake, and would value the company at RM195.36 million. Applications for the IPO shares will close on March 25, and listing on the ACE Market has been scheduled for April 8. SBH processes and sells frozen shrimp, squid, octopus and cuttlefish, and farms black tiger prawns and whiteleg shrimp in Perak. The company’s existing processing plant in Kuala Kurau has an annual capacity of 4,800 tonnes. The public issue of the IPO comprises 45 million shares for the Malaysian public, 36 million shares for eligible persons, 61 million shares for Bumiputera investors, and the remaining 38 million for select investors through private placement. The company has earmarked RM16 million, or 40.40% of the proceeds from the new share sale, to develop its Selinsing farm. SBH will also spend RM6.5 million on construction of a new seafood processing plant, and another RM6.1 million to buy equipment and motor vehicles. The balance will go towards meeting working capital requirements, and to defray estimated listing expenses. The offer-for-sale tranche, meanwhile, allocates 50 million shares to Bumiputera investors, which will raise RM11 million, and proceeds will go entirely to the selling shareholders, including group managing director Tan Boo Nam and his son Tan Yuak Ming, who is the deputy managing director. KAF Investment Bank is the principal adviser, sponsor, sole underwriter, and sole placement agent for the IPO. Wyncorp Advisory Sdn Bhd is the corporate finance adviser. Source: Jason Ng / theedgemalaysia.com

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KUALA LUMPUR (March 18): The ACE Market debut of Zantat Holdings Bhd, a high-grade calcium carbonate powder producer, has attracted RM459.01 million worth of orders for shares of its initial public offering (IPO) from the Malaysian public, about 33 times the RM14 million that it aims to raise from its IPO. The public portion of its IPO was oversubscribed by 130.15 times, it said in a statement after receiving 13,755 applications seeking 1.84 billion new shares from the Malaysian public for the 14 million new shares it made available for their subscription at 25 sen per share. The Bumiputera public portion of shares was oversubscribed by 137.99 times, with 8,151 applications for 972.94 million new shares received. For the non-Bumiputera public portion, 5,604 applications for 863.11 million new shares were received, representing an oversubscription rate of 122.30 times. The 11.2 million new shares it made eligible for directors, employees and persons who had contributed to the success of the group were also fully subscribed, while 47.6 million shares made available for application by private placement to selected investors had been fully placed out. Under the listing exercise, Zantat is issuing 56 million new shares, representing 20% of its enlarged share capital at an issue price of 25 sen per share. As part of the listing, existing shareholders also made an offer for the sale of 16.8 million existing shares to selected investors by way of private placement. Moving forward, we will utilise our proceeds to expand our ground calcium carbonate production line, as well as to upgrade our existing research and development facilities within Zantat Perak Plant 1. Zantat is scheduled to list on the ACE Market of Bursa Malaysia Securities Bhd on March 27. Based on its enlarged share capital of 280 million shares, Zantat is expected to have a market capitalisation of RM70 million after listing. Source: Isabelle Francis / theedgemalaysia.com

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KUALA LUMPUR: Ge-Shen Corporation Bhd menandatangani perjanjian tidak mengikat untuk memperoleh 60 peratus kepentingan setiap satu dalam Amity Research & Development Sdn Bhd (ARD) dan Amity Technical Services & Consultancy (M) Sdn Bhd (ATSCM) pada harga RM13.5 juta. ARD ialah penyedia perkhidmatan kejuruteraan dan perundingan dalam industri elektrik dan elektronik (E&E), manakala ATSCM ialah pengilang yang pakar dalam pemasangan papan litar bercetak, pembinaan kotak produk dan pemasangan kabel dan wayar. Dalam makluman kepada Bursa Malaysia, Ge-Shen berkata pengambilalihan itu akan membabitkan kos RM13.5 juta yang akan dibiayai sepenuhnya melalui dana yang dijana secara dalaman dan pinjaman bank. Cadangan pengambilalihan membabitkan pembelian 60,000 saham ARD dan 300,000 saham ATSCM daripada pemegang saham sedia ada iaitu Pak Yue Leong, Tan Chung Ken, Tan Guan Lai, Tan Khay Leang, Tan Kooi Loon dan Teh Sheh Chien. Ge-Shen berkata, justifikasi bagi pembelian itu adalah berdasarkan nisbah harga kepada pendapatan sebanyak 4.5 kali ganda yang diperoleh daripada keuntungan minimum selepas cukai sebanyak RM3.0 juta setahun bagi syarikat yang disasarkan, berjumlah RM6 juta untuk tempoh jaminan tahun kewangan berakhir pada 31 Disember 2024 dan 2025. 'Cadangan pengambilalihan ini akan mengembangkan skala operasi Ge-Shen dan memudahkan kehadiran kumpulan dalam pasaran yang dikhususkan itu. Ia juga selaras dengan objektif kumpulan untuk memperoleh kepentingan strategik dalam syarikat yang terlibat bagi industri nilai tambah tinggi yang berpotensi untuk pertumbuhan masa depan,' katanya. Pada 12 Mac, Ge-Shen mengumumkan keputusannya untuk menjual keseluruhan 70 peratus kepentingannya dalam Demand Options Sdn Bhd pada harga RM15 juta, bertujuan untuk menyelaraskan operasi dengan melepaskan anak syarikat yang merugikan itu. Selain itu, sebagai sebahagian daripada strategi kepelbagaiannya, Ge-Shen bercadang untuk memperoleh 40 peratus kepentingan dalam Local Assembly Sdn Bhd. Saham Ge-Shen ditutup pada harga RM3.99 hari ini di Bursa Malaysia, meningkat 78 sen atau 24.3 peratus, menjadikan permodalan pasarannya sebanyak RM490 juta. Sumber: BERNAMA

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KUALA LUMPUR: Pakar makanan laut beku bersepadu, SBH Marine Holdings Bhd dijangka meraih dana RM195.4 juta menerusi tawaran awam permulaan (IPO) membabitkan terbitan 888 juta saham biasa pada harga 22 sen sesaham. Menerusi prospektus IPO syarikat yang akan disenaraikan di Pasaran ACE Bursa Malaysia Securities Bhd (Bursa Securities) pada 8 April ini, SBH Marine memperuntukkan sebahagian besar dana berjumlah RM39.6 juta atau 70 peratus untuk pengembangan perniagaan. Daripada dana yang diraih, SBH Marine bercadang menggunakan sebanyak RM16 juta untuk pembangunan ternakan udang akuakultur di Selinsing, Perak. Kumpulan turut memperuntukan pembinaan kilang pemprosesan makanan laut kedua di Kuala Kurau, Perak sebanyak RM6.5 juta serta pembelian jentera baharu, peralatan dan kenderaan bermotor sebanyak RM6.1 juta. Kilang pemprosesan sedia ada syarikat di Kuala Kurau ketika ini mempunyai kapasiti tahunan 4,800 tan. Pengarah Urusan Kumpulan SBH Marine, Tan Boo Nam, berkata penyenaraian syarikat itu adalah untuk membiayai perniagaan bagi mengembangkan lagi Ladang Selinsing serta membina pemprosesan loji makanan laut kedua di Kuala Kurau. 'Dari segi pembahagian geografi, lebih 93.83 peratus daripada jualan kumpulan diperoleh daripada pelanggan luar negara di seluruh Asia, Eropah dan Asia Barat,' katanya pada sidang media selepas pelancaran IPO syarikat di sini, hari ini. Sementara itu, Pengarah Eksekutif Kumpulah SBH Marine, Saw Leng Hean, berkata syarikat berhasrat untuk mengembangkan kapasiti pemprosesan makanan laut melalui pembinaan kilang baharu seluas kira-kira 1.29 ekar yang terletak di Kuala Kurau. Leng Hean berkata, SBH Marine menyasarkan ke pasaran China tahun ini, bagi meningkatkan pasaran yang tersedia di negara ini. 'Kami tidak akan meninggalkan pelanggan sedia ada, malah akan terus berkembang bersama mereka dan membuat penambahbaikan,' katanya. Sumber: Nur Amira Mohd Hedzer, BH online.

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KUALA LUMPUR: InvestKL mencatatkan prestasi cemerlang dengan menarik RM8.7 bilion pelaburan langsung asing (FDI) pada 2023, meningkat lebih 300 peratus berbanding RM2.79 bilion pada 2022, sekali gus menunjukkan keyakinan kukuh pelabur asing terhadap potensi ekonomi Malaysia. Malah, 2023 juga menandakan tahun yang paling cemerlang bagi agensi di bawah Kementerian Pelaburan, Perdagangan dan Industri (MITI), dengan kemuncaknya agensi itu memperoleh RM29.79 bilion pelaburan sejak penubuhannya pada 2011. Sehingga kini, 66 peratus daripada pelaburan atau RM19.74 bilion telah menjadi kenyataan, membawa kepada penciptaan lebih 27,000 pekerjaan eksekutif. Pada masa ini, 74 peratus daripada jawatan itu telah diisi, memberikan rakyat Malaysia dengan purata pendapatan bulanan melebihi RM14,000. Ketua Pegawai Eksekutif InvestKL, Datuk Muhammad Azmi Zulkifli, berkata 2023 adalah tahun paling signifikan dari segi pelaburan. Beliau berkata, dalam tiga tahun kebelakangan ini, pihaknya melihat trajektori kukuh di Greater KL dengan memperlihatkan ekosistem yang matang dan mantap serta dasar menyokong perniagaan membantu memacu pelaburan utama ke situ. 'Setakat Disember 2023, sebanyak 139 syarikat multinasional (MNC) beroperasi di sini dengan mempunyai hab perkhidmatan global, pejabat serantau, pusat kecemerlangan (CoE), pusat kejuruteraan dan pusat perkhidmatan global terletak merentasi Greater KL. Pelaburan yang dicatatkan pada tahun lalu itu menjana 8,329 pekerjaan berkemahiran tinggi, lebih tinggi berbanding 2,805 tahun sebelumnya. Mengenai tinjauan 2024, Azmi berkata, InvestKL optimis mengenai prospek tahun ini dan kekal yakin terhadap peningkatan berterusan Greater KL sebagai hab pelaburan global yang strategik. Sumber: Mahanum Abdul Aziz, Berita Harian.

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KUALA LUMPUR: The parent company of Malaysian budget airline AirAsia, Capital A Berhad, is looking to raise up to US$400 million in equity as part of a planned merger to bring its long and short-haul operations under one brand, its CEO said on Monday. Group Chief Executive Tony Fernandes in an interview said that would be on top of a US$200 million bond-raising the company is hoping to conduct in the next few weeks, as it awaits regulator and shareholder approval to complete the sale of its aviation business to long-haul unit AirAsia X Bhd. The proposed deal, announced last month, would see the formation of a single airline AirAsia Group, he said. '(We hope) the acquisition by AirAsia X of Capital A aviation assets will be done by June and July,' Fernandes told Reuters. Both Capital A and AirAsia X have undergone restructuring after being classified by Malaysia's stock exchange as financially distressed, due to strict pandemic travel restrictions. AirAsia X was removed from the classification in November, after undertaking measures to improve its financial position, while Capital A has said it hopes to present a plan to the bourse by June. 'We feel really confident about the future,' he said. Fernandes said he hoped to eventually list all of the group's remaining non-aviation businesses, which include mobile payments firm BigPay, logistics arm Teleport, and online travel agency AirAsia MOVE. Last year, the company also said it plans to list its brand management unit in the United States via a merger with special purpose acquisition company, Aetherium Acquisition Corp. Source: NewStraitsTime.

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KUALA LUMPUR (March 4): Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) and Syarikat Jaminan Kredit Perumahan Bhd (SJKP) have started accepting applications from financial institutions which offer special government guarantee schemes announced in Budget 2024, to assist micro, small, and medium enterprises (MSMEs) and first-time homebuyers who do not earn fixed income. The SJPP guarantee is part of Budget 2024’s aim to provide financing worth RM44 billion to MSMEs this year. Second Finance Minister Datuk Seri Amir Hamzah Azizan said SJPP has given approval to provide guarantees for MSME financing up to RM20 billion and is expected to guarantee up to 90% of the financing for MSMEs, particularly those involved in the green economy, advanced technology, healthcare and halal businesses. Apart from MSMEs, Amir Hamzah said the government is also attentive to the challenges faced by people without a fixed income for purchasing their first home. “Therefore, the Madani government has increased the Housing Credit Guarantee Scheme to RM10 billion for the year 2024, which will benefit more than 40,000 borrowers,' he said. Amir Hamzah said this scheme will benefit targeted groups from various backgrounds including fishermen, gig workers, and night market traders. “SJPP and SJKP always strive to maintain the low and competitive interest rates by working with various financial institutions for the benefit of MSMEs and first-time homebuyers who do not earn fixed income. With a guarantee exceeding 100% given by SJKP (subject to terms and eligibility criteria), first-time homebuyers no longer need to worry about providing a 10% deposit for the purchase of their homes,” the statement read. Source: Chester Tay / theedgemalaysia.com

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KUALA LUMPUR (March 4): Iskandar Waterfront City Bhd has unveiled its 10-year development plan comprising three projects in Johor Bahru, with an aggregate gross development value (GDV) of RM4.33 billion. According to its statement on Monday, the property developer’s 10-year development plan comprises the RM3.5 billion waterfront township Tebrau Bay, RM500 million mixed waterfront development Danga Rivera, and RM330 million mixed-use development project Danga Heights. Over the next five years, the first phase of the three key development projects, comprising an aggregate of 63 acres, is expected to generate a total GDV of RM1.8 billion, according to the company. Iskandar Waterfront said the 100-acre Tebrau Bay is a waterfront township development, which will commence with a 30-acre pilot phase. Meanwhile, Danga Heights is a 29.3-acre mixed-use development project focused on retail, which will include a branded hotel, office and serviced apartment. Iskandar Waterfront deputy chief executive officer Yap Meow Hin said the collaboration with Meliá Hotels International underscores the company’s commitment to excellence and its vision of transforming landscapes to enrich communities. “Overall, Iskandar Waterfront is confident in its ability to develop and leverage its extensive landbank, which is strategically located near mature areas and close to the Rapid Transit System (RTS) Link station and [the] Johor Bahru city centre,” Iskandar Waterfront said. Shares in Iskandar Waterfront ended half a sen or 0.68% lower at 73.5 sen on Monday, giving the group a market capitalisation of RM677.03 million. Source: Izzul Ikram / theedgemalaysia.com

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KUALA LUMPUR: Majlis Minyak Sawit Malaysia (MPOC) meraih potensi jualan berjumlah RM705 juta daripada sesi padanan perniagaan dalam Lawatan Perdagangan dan Rangkaian bagi Pembeli Asia Barat dan Afrika Utara (MENA) baru-baru ini. Ketua Pegawai Eksekutif MPOC, Belvinder Sron, berkata syarikat daripada tiga negara MENA, iaitu Turkiye, Mesir dan Algeria mencari pelbagai produk sawit, termasuk olein minyak sawit bertapis, diluntur dan dinyahbau (RBD), dalam bentuk pek pengguna dan pukal, minyak masak, lelemak dan lemak khusus. Menyifatkan inisiatif itu sebagai satu kejayaan, MPOC telah didekati oleh ahli industri untuk menganjurkan program yang sama bagi pasaran di rantau Asia Pasifik dan Sub-Sahara Afrika. 'Saya menggalakkan lebih ramai ahli industri untuk mengambil bahagian dalam edisi 'Perdagangan dan Rangkaian' akan datang kerana adalah penting untuk kita mempergiatkan usaha untuk mempromosikan minyak sawit Malaysia yang mampan kepada dunia dan meneroka pasaran yang belum diterokai,' katanya dalam satu kenyataan hari ini. Sementara itu, Pengurus Jualan Serantau Oilnco Industries Sdn Bhd, Mohammed Zubir Abdul Razak, berkata program itu membantu syarikat kecil tempatan mengakses pasaran berbeza dan mendapat pendedahan mengenai platform antarabangsa industri minyak sawit khususnya untuk menembusi pasaran Eropah. 'Di sinilah organisasi seperti MPOC berperanan dan membantu pemain industri memasarkan produk minyak sawit ke negara-negara ini,' katanya kepada Bernama baru-baru ini. Program tiga hari itu memberi pendedahan berkaitan sektor minyak sawit Malaysia seperti pembentangan tentang khasiat daripada segi kesihatan minyak sawit Malaysia dan perkembangan terkini mengenai prospek dan isu semasa berkaitan sektor hiliran dan pertengahan daripada Persatuan Penapis Minyak Sawit Malaysia (PORAM). Sumber: Bernama

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Malaysia-based coffee chain Koppiku has raised US$2.5 million from Vertex Ventures, Reshape Ventures, and others, according to Alternatives.pe, which tracks regulatory filings in Singapore. The startup’s share price has increased by over 7x from the previous round in August 2023, the data showed. Tech in Asia has reached out to co-founder Rajiv Bhanot for more details. Founded in 2023 by Bhanot and Mellisa Lim, the startup aims to make premium coffee accessible to all. Its beverages are priced between 5 ringgit (US$1.07) and 9.90 ringgit (US$2.13), excluding substitutions and add-ons. Koppiku had launched its maiden store in Kuala Lumpur in September 2023. The company is backed by prominent figures like Bhanot’s younger brother, Sachin Bhanot, who is Prosus Ventures’ head of investments for Southeast Asia, Australia, and New Zealand. Koppiku also counts AC Ventures managing partner Hann Yeoh and Antifragile Ventures – backers of Philippines’ Pickup Coffee – as angel investors. Total coffee consumption has been growing in Malaysia – and as consumption rises, so does competition. Koppiku competes with homegrown as well as international coffee chains in Malaysia such as ZUS Coffee, Gigi Coffee, and Indonesia’s Kopi Kenangan. Sources by samreen@techinasia.com

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KUALA LUMPUR (March 11): Grocery chain operator 99 Speed Mart Retail Holdings Bhd has filed a draft prospectus to launch an initial public offering (IPO) that will see founder Lee Thiam Wah and his family letting go of 17% interest upon listing on Bursa Malaysia’s Main Market. This confirms a report by The Edge in October last year that the home-grown retailer is mulling an IPO to raise as much as RM1.5 billion from the capital market to fund its expansion. The draft prospectus filed with Securities Commission Malaysia on Monday also proposes a minimum public shareholding spread of 15%, versus the usual 25% as required by Bursa Malaysia. 99 Speed Mart is planning to sell 1.428 billion shares in its first-time share sale, comprising an offer for sale of up to 1.028 billion existing shares and a public issue of 400 million new shares. The retail offering, meanwhile, involves 210 million new shares, representing 2.5% of the group’s enlarged share capital. Of this, 42 million shares are reserved for eligible staff while 168 million shares will be offered to the Malaysian public. 99 Speed Mart aims to have 3,000 outlets nationwide by the end of 2025, increasing from 2,542 outlets currently. Upon completion of the IPO, Lee is expected to own a direct stake of up to 28.2% in the group, and an indirect interest of 51.5% through his private vehicle Lee LYG Holdings Sdn Bhd, with a six-month moratorium attached to the shareholdings. Source: Chester Tay / theedgemalaysia.com

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1 Mac 2024 :Hanya satu daripada 97 syarikat yang disenaraikan di Bursa Malaysia sejak tiga tahun lalu dimiliki oleh Bumiputera. Sambil menyuarakan kebimbangannya, Pengerusi Bursa Malaysia, Abdul Wahid Omar berkata, angka tersebut mencerminkan penyertaan sebenar Bumiputera dalam sektor perniagaan. 'Ini berikan kita satu wake up call. Inilah situasi sebenar. Syarikat yang disenaraikan Bursa ni ialah gambaran sebenar penyertaan Bumiputera dalam sektor perniagaan. 'Jadi kita perlu bertanya, kalau dah enam dekad, melaksanakan pelbagai dasar pemerkasaan bumi dan hasilnya pada hari ni, tak capai sasaran kita selama ni, kenapa?' tegasnya ketika berucap di Kongres Ekonomi Bumiputera di Pusat Konvensyen Antarabangsa Putrajaya (PICC) hari ini Sumber : Malaysia Kini 1Mac 2024

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Ketua Pegawai Eksekutif Kumpulan Perkhidmatan Kewangan Komuniti Maybank, Datuk John Chong, berkata jumlah itu mewakili pertumbuhan 13 hingga 14 peratus pada 2024 selepas mencatatkan 12 peratus pertumbuhan pada tahun lalu. 'Pada 2023, Maybank menggerakkan hampir RM17 bilion dalam pembiayaan PKS, yang mana RM5 bilion daripadanya adalah pembiayaan mampan. Dalam lima tahun lalu, jumlah pembiayaan untuk PKS berjumlah RM66 bilion. Sementara itu, Ketua Pegawai Eksekutif Maybank Islamic, Datuk Rafique Merican, berkata industri halal adalah komponen penting kepada kumpulan perbankan itu. Beliau berkata, pihaknya mahu menjadi peneraju dalam industri halal dan melahirkan lebih ramai juara halal tempatan, seterusnya menyokong agenda nasional untuk mengembangkan pasaran halal di dalam negara kepada anggaran AS$113.2 bilion menjelang tahun 2030.

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KUALA LUMPUR: Suruhanjaya Sekuriti Malaysia (SC) memperluaskan kategori pelabur sofistikated sebagai langkah meningkatkan kebolehcapaian pasaran modal. 'Garis Panduan Kategori Pelabur Sofistikated' baharu, yang berkuat kuasa hari ini, mengukuhkan komitmen SC untuk mengekalkan daya saing dan kerancakan pasaran modal, sambil menggalakkan penyertaan pelabur yang lebih ramai. Pengerusi SC, Datuk Seri Dr Awang Adek Hussin, berkata perkembangan pasaran modal Malaysia yang sofistikated semakin meningkat. Untuk berita penuh layari berita harian online. Sumber: berita harian 5 Februari 2024

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24/01/2024 : Terima kasih dan setinggi penghargaan kepada pasukan MIDF dengan kerjasama WCD kerana telah berjaya mengadakan sesi bual bicara industri bersama speaker jemputan Dato' Seri Ahmad Khusairi, founder dan CEO kepada Worldclass Trade & Development Berhad. Dalam sesi singkat selama 1 jam setengah yang terbahagi kepada 3 bahagian utama, kesedaran, perkongsian juga tindakan perlaksanaan ini sedikit sebanyak memberi input dan suntikan semula kepada usahawan untuk mereka membuat semakan dan forensik perniagaan sedia ada agar memastikan masterplan utama syarikat dapat diperkukuhkan. Hasil dari forensik idea perniagaan, maka akan terhasil suatu masterplan exit keluar yang di lakarkan sebagai blueprint syarikat untuk di upgrade ke peringkat seterusnya. Sebagai langkah membina perniagaan bertaraf antarabangsa, syarikat perlu di upgrade untuk membina nilai pernaigaan yang mampu menerima suntikan sokongan dari strategi partner yang ada. Selain itu, mampu menerima permintaan besar dari pasaran luar.

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22 Jan 2024 : Dato' Seri Ahmad Khusairi bersama Worldlclass Trade & Development Berhad membuka tirai 2024 dengan kerjasama mencipta kesedaran kepada usahawan dalam industri pengilangan dan perkhidmatan agar dapat mencapai matlamat menjadi pengimport berkapasiti besar 2024. Program yang dirancang dari bulan November 2023 bersama pengurusan tertinggi MIDF ini bakal membuka ruang dan peluang kepada usahawan industri terlibat membina kemampuan syarikat untuk menjadi pengeksport utama dengan membina pengukuhan kewangan dan mencipta ganda nilai syarikat mengguna pakai formula dan teknik yang berkesan juga dengan bantuan Malaysian Industrial Development Finance Behad, MIDF yang mempunyai pelbagai fasiliti terbaik yang boleh diguna pakai oleh usahawan. Tidak hanya tertumpu kepada SMEs dan Mid Tier sahaja, Agensi ini juga telah membuka ruang dan peluang kepada pengusaha Micro SME untuk mendapatkan pembiayaan melalui program Micro SME Financing yang ada. Kerjasama yang dibuat bersama Worldclass Trade & Development Berhad mengguna pakai kepakaran yang dimiliki oleh Dato' Seri Ahmad Khusairi ini bertujuan membuka lebih bantak ruang dan peluang kepada usahawan dalam negara untuk mengguna pakai teknik hybrid, 'Bina dan Cipta' perniagaan yang mampu mencecah nilaian ratusan juta dan mampu diwarisi oleh generasi ke generasi pewaris. Kepada anda yang ingin menyertai, sila pastikan membuat pendaftaran dan mendengar perkongsian percuma pada tarikh dan waktu yang dinyatakan dalam poster. 'United We Grow the Nation'

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31/12/2023 - Terima kasih kepada seluruh tenaga kerja Worldclass Trade & Deveopment Berhad, Keluarga, rakan-rakan, usahawan dan seluruh rakyat Malaysia. Tiada kejayaan yang datang dengan percuma tanpa usaha, pengorbanan dan perjuangan yang sia-sia. Dalam tempoh satu tahun ini kami telah berjaya meneruskan impian & aspirasi untuk membangun dan memberi kesedaran betapa penting usahawan bumiputera terutamanya bangkit membina legasi perniagaan. Dalam masa sama, kami juga bergerak melalui cabaran ekonomi semasa dengan penghasilan idea dan perancangan baru. Sebagai penutup bagi tahun 2023, kami telah melancarkan beberapa lagi program yang dapat membantu lebih ramai usahawan membina struktur dan pendapatan stabil untuk masa akan datang. Salam kejayaan buat semua dan Selamat datang tahun 2024. Semoga pada tahun ini, lebih banyak kejayaan yang akan ditempa oleh kita semua. DS Ahmad Designing2IPO United We Grow the Nation United We Grow the Ummah United We Grow the Economic

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KUALA LUMPUR: Wentel Engineering Holdings Bhd yang meninjau penyenaraian di Pasaran ACE Bursa Malaysia merancang untuk membina kemudahan pengeluaran baharu daripada dana yang dijana menerusi tawaran awam permulaan (IPO). Syarikat pembuatan logam itu hari ini memeterai perjanjian penaja jaminan dengan TA Securities Holdings Bhd, bagi menama jamin sebanyak 57.5 juta saham baharu, yang akan ditawarkan kepada orang awam menerusi undian. Pengarah Eksekutif Wentel Engineering, Wong Chun Wei, berkata, IPO syarikat itu membabitkan tawaran awam sebanyak 273.2 juta saham biasa baharu dan tawaran jualan sebanyak 46 juta saham biasa sedia ada. 'Daripada jumlah 273.2 juta saham tawaran awam, 57.5 juta akan disediakan kepada orang awam Malaysia melalui undian dan 33 juta akan diperuntukkan kepada pengarah yang layak, pekerja, dan lain-lain. 'Sebanyak 38.95 juta saham akan diperuntukkan melalui penempatan persendirian kepada pelabur terpilih dan baki 143.75 juta saham akan diperuntukkan kepada pelabur Bumiputera yang diluluskan oleh Kementerian Pelaburan, Perdagangan, dan Industri (MITI). 'Hasil daripada IPO akan digunakan untuk sebahagian membiayai pembinaan dua blok kilang satu tingkat, pejabat dua tingkat dan dua blok asrama pekerja, secara kolektif dikenali sebagai kilang pembuatan baharu syarikat,' katanya dalam satu kenyataan. Sumber : Berita Harian

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KUALA LUMPUR (Dec 28): Wires and cable manufacturer Master Tec Group Bhd, en route for an ACE Market listing on Jan 29 next year, has set an issue price of 39 sen per share for its initial public offering (IPO) exercise to raise RM111.39 million, of which about 45% or RM49.73 million will go to a selling shareholder via an offer for sale. The IPO comprises a public offering of 285.6 million new shares, or 28% of the enlarged share base of 1.02 billion. Of the RM111.39 million to be raised, the remaining RM61.66 million or 55% for the company will come from the public issue portion of 158.1 million new shares. Read More: https://theedgemalaysia.com/node/695451

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KUALA LUMPUR: Suruhanjaya Sekuriti Malaysia (SC) merancang untuk memperkenalkan mekanisme pindahan diperkemas yang akan membolehkan syarikat pasaran ACE berkelayakan berpindah ke Pasaran Utama mulai 2024, kata Pengerusinya, Datuk Seri Dr Awang Adek Hussin. Beliau berkata, SC bersama-sama Bursa Malaysia sedang berusaha untuk meningkatkan kecekapan di pasaran awam bagi memudahkan tawaran awam permulaan (IPO) kepada syarikat pemula niaga menerusi pendekatan seperti mengurangkan masa ke pasaran bagi syarikat yang bercadang disenaraikan di bursa saham. 'Perincian kerangka pindahan automatik yang dicadangkan ini akan diumumkan akhir bulan ini. Pengenalan proses pindahan baharu yang diperkemas dan dipercepat akan melicinkan pindahan untuk penyenaraian bagi menggalakkan syarikat Pasaran ACE yang besar dan berkualiti ke Pasaran Utama. 'Apabila berada di Pasaran Utama, ini akan membuka peluang kepada pelabur asing yang ingin turut serta. Ini sewajarnya akan menggalakkan penyertaan asing yang lebih baik di pasaran utama kita,' kata Awang Adek dalam ucapannya pada Forum Usaha Niaga Malaysia 2023 di sini, hari ini. Kredit: Berita harian 6 Dis 2023 Berita lanjut layari Berita harian online Kredit

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25 Oktober 2023, Program Masterclass Pemecut SME2IPO bagi siri 009 yang telah berlangsung di Crystal Crown Hotel, Petaling Jaya dengan kehadiran 6 wakil yang terdiri dari CEO,CFO dan COO syarikat kini melabuhkan tirainya bagi tahun 2023. Seperti yang telah dirancang, penutup bagi tahun ini adalah yang terbaik dengan semangat dan kerjasama dari seluruh pihak yang telah bersama Worldclass Trade & Development Berhad bagi menjayakan program ini. Melalui hybrid program yang telah dirancang oleh Dato' Seri Ahmad Khusairi, beberapa pemain industri didalam Masterclass kali ini dibawa masuk dengan tujuan memecahkan kebuntuan kebanyakan usahawan bagi merangka masterplan untuk membina nilai perniagaan yang di inginkan. Teknik, formula, bahan rujukan, testimoni dan kajian yang di berikan untuk proses kefahaman bersama ini ternyata telah membuka minda peneraju syarikat betapa pentingnya bergerak secara berpasukan dan semaian aspirasi di peringkat awal penubuhan syarikat perlu dibina. Dalam sesi 'one to one' forensik idea perniagaan, beberapa elemen penting yang tidak diguna pakai oleh kebanyakan usahawan sebelum bersedia menerima dana suntikan perniagaan di kongsikan dalam masterclass yang berlangsung selama 2 hari ini membuahkan hasil. Mengenali potensi diri dan syarikat sebelum mengenal potensi kewangan dan bakal pelabur anda, kata Dato' Seri Ahmad Khusairi, Pengasas dan Peneraju program keusahawan dibawah Wordlclass Trade & Development Berhad. TIdak hanya berakhir di sini, usahawan yang menyertai program ini juga akan dipantau dan diberikan latihan secara bulanan agar mencapai hasil syarikat yang diinginkan. Sekirnaya anda diluar sana pemilik syarikat yang berani dan mahu membina legasi perniagaan anda, ayuh sertai kami.

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18 November 2023; Sebuah lagi kejayaan buat Docto Aircond Sdn Bhd bersama pasukan apabila cawangan ke2 di Eco Majestic telah secara rasmi beroperasi. Kerja keras dari semua pihak bagi menjayakan pembukaan cawangan ini perlu diberikan kredit & perhatian. Terima kasih di ucapkan kepada Pengarah MARA Negeri Selangor, Dr Ahmad Sabri yang telah memberikan sokongan penuh kepada pembukaan cawangan kedua ini. Majlis ini telah dirasmikan oleh Tuan Amirudin Abdullah Pengarah urusan Meta Docto Holdings Berhad dan Docto Aircond Group di iringi Penasihat Korporat & Strategi Syarikat, Dato' Seri Ahmad Khusairi bin Bani Hashim AlHaj. Meta Docto Holdings Berhad merupakan syarikat SPV yang berada dibawah program Dato’ Seri Ahmad Khusairi iaitu Pemecut2IPO bagi siri 005. Dato’ Seri Ahmad Khusairi yang juga merupakan Penasihat Korporat syarikat ini melihat kesungguhan dan kekuatan tuan Amir dan pasukan memainkan peranan yang sangat penting bagi membawa perniagaan mereka ke peringkat IPO. IPO bukan sahaja memerlukan pengukuhan kewangan dan sumber pendapatan tetapi kekuatan pasukan, kesabaran dan kepercayaan memainkan peranan yang sangat penting. Amat apabila Aspirasi di tanam kepada seluruh anggota pasukan akan pergerakan yang dibuat seiring dengan perlaksanaan yang ingin di capai. “Fundamental” asas perlu di pelajari oleh semua usahawan bukan hanya yang berada di dalam servis perkhidmatan sahaja. Hasrat ingin membantu lebih ramai anak muda berjaya dalam kemahiran yang mereka miliki sehingga mampu untuk membuka syarikat perkhimatan servis membaiki penyejuk beku mereka sendiri di masa akan datang adalah sasaran utama. Setiap tenaga kerja diberikan peluang untuk membina kerjaya dan masa hadapan Bersama Docto Aircond Sdn Bhd. Pembukaan cawangan pertama di Putrajaya telah menghasilkan nilai pendapatan bulanan sebanyak hampir 250K++ sebulan walaupun tidak beroperasi secara penuh. Namun pembukaan cawangan ke 2 di Eco Majestic Semenyih ini mensasarkan pencapaian yang lebih dengan mengambil kira jumlah kepadatan penduduk berserta permintaan juga waktu pengoperasian yang lebih Panjang.

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14 Okt 2023: Worldclass Trade & Development Berhad sekali lagi akan melaksanakan Program Fundamental ke arah membina syarikat bertaraf Korporat dengan mencipta nilai dan legasi perniagaan pada 25 Okt - 26 Okt 2023. Pengasas nya Dato' Seri Ahmad Khusairi berkata, peratusan usahawan melayu berstatus SME di dalam negara masih kurang memahami fundamental atau asas sebenar perniagaan yang dilaksanakan. Kebanyakan usahawan hanya tertumpu kepada money market yang tidak disusun secara baik dalam management syarikat. Pengakhiran yang kurang baik apabila syarikat terpaksa dijual dan di tutup oleh kerana beban liabiliti yang tidak tertanggung. Oleh kerana itu, pendidikan mengenali 'CM', atau ICM amat penting bagi usahawan melayu terutamanya bagi membina nilai perniagaan yang mampu menembus pasaran global dengan teknik dan kaedah yang tepat serta masterplan yang kukuh. Pendaftaran yang telah dibuka sejak awal september, telah mendapat maklum balas dari usahawan yang mempunyai aspirasi dan semangat tinggi dalam membina legasi perniagaan.

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Ketua Pegawai Eksekutif Kumpulan MBSB, Rafe Haneef, berkata penyelesaian penggabungan itu adalah menarik memandangkan kumpulan yang diperbesarkan itu akan menjadi lebih berdaya tahan dari segi kewangan dan sebagai pemain utama dalam perbankan Islam. Malah, katanya, kumpulan itu juga akan mempunyai kapasiti yang diperkukuh menerusi lembaran imbangan yang lebih besar, jangkauan yang lebih luas dan pelbagai tawaran baharu daripada perbankan pengguna, perbankan komersial dan perusahaan kecil dan sederhana (PKS) kepada perniagaan perbankan korporat dan pelaburan. SUMBER: BERITA HARIAN OCTOBER 2, 2023

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PETALING JAYA: Public Bank Berhad akan memberi pembiayaan bernilai RM1 bilion kepada perusahaan kecil dan sederhana (PKS) menerusi kerjasama strategik dengan Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP), sebuah agensi di bawah Kementerian Kewangan. Pembiayaan bernilai RM1 bilion itu akan meliputi kesemua skim kewangan yang dijamin oleh SJPP seperti Skim Jaminan Modal Kerja (WCQS), Skim Jaminan Kerajaan PEMULIH (PGGS) dan lain-lain. Untuk lebih berita sila layari Utusan Malaysia edisi 21 September 2023. Sumber utusan Malaysia https://www.utusan.com.my/ekonomi/2023/09/public-bank-syarikat-jaminan-pembiayaan-perniagaan-berhad-beri-pembiayaan-rm1-bilion-kepada-pks/

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KUALA LUMPUR (Sept 22): The Securities Commission Malaysia (SC) said Malaysia’s initial public offering (IPO) pipeline remains healthy, and expects to see 35 to 40 IPOs this year. Its chairman, Datuk Seri Dr Awang Adek Hussin, said the SC is working to speed up the IPO process, and reduce time-to-market to ensure Malaysia’s competitiveness and attractiveness. “Malaysia would further facilitate companies to list on Bursa Malaysia and attract more investors,” he said at a panel session titled “Macro Resilience and Market Insights” at Invest Malaysia New York 2023 on Thursday. In a clear message to foreign fund managers, Awang Adek said the Malaysian capital market remains resilient, with total funds raised hitting a 10-year high of RM179.4 billion in 2022 despite tough global challenges. He also said that total funds raised in Malaysia’s equity and corporate bond markets reached RM58.9 billion in the first six months of this year. “This signals that the equity and bond markets have remained a significant source of financing for the private sector,” he said. For more news update refer the edge edition 22 September 2023. Source: Bernama 22/09/2023 https://theedgemalaysia.com/node/683550

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20 September : Usia Muda bukan penghalang kepada kejayaan. Ini lah juga impian dan harapan kami bersama usahawan yang mempunyai tekad membawa perniagaan ke peringkat IPO sehinga mencecah nilaian USD 1Billion. Jadikan aspirasi Kita bersama. United We Grow The Nation Sumber berita: the Edge https://theedgemalaysia.com/node/683224

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14 Oktober 2022- Pemecut2IPO bagi siri SPV006 telah di adakan di pejabat urusan Bubble02 di Bangi dengan penyertaan Pengasas syarikat Tuan Arifin Marzuki beserta anak - anak sebagai pewaris perniagaan serta bahagian pengurusan utama Bubles02. Dato' Seri Ahmad Khusairi awalnya telah bertemu tuan Arifin pada majlis MIHAS 2022 dan melihat industri yang diusahakan ini boleh dibawa keperingkat lebih jauh dengan membina semula penyusunan syarikat dengan lebih bersistematik. Menurut tuan Arifin, syarikat ini ingin di serahkan kepada anak sulung beliau, Ain Azizah Arifin bagi meneruskan legasi 'Natural Oxygen Water' ini. Pada sesi pembelajaran, membina masterplan perniagaan banyak perkara yang di lihat perlu di tambah baik, serta pemecahan kod industri perlu dibuat bagi memastikan cash flow syarikat kekal pada tahap memberangsangkan. Dato' Seri Ahmad Khusairi juga telah berkongsi teknik, bagaimana kaedah dan teknik ganda nilai syarikat yang dapat membina nilaian syarikat sehingga mencecah billion ringgit. Menurut tuan Arifin walaupun beliau telah bersama banyak syarikat sebelum ini, ternyata formula mengira FRM sebenar tidak pernah di ketahui. Namun pada sesi kelas hari ke2 telah memberikan gambaran dan realiti bagaimana syarikat yang berkepentingan antarabangsa dan dalam negara dapat dibawa ke pasaran bursa mengikut KPI yang telah ditetapkan. Tuan Arifin juga memaklumkan, beliau akan mengguna pakai formula mengira nilai syarikat ini untuk mendapatkan dana suntikan dari dalam dan luar negara bagi membina pasaran Bubble02 yang lebih kukuh dimasa akan datang. Tidak ada yang mustahil sekiranya setiap usahawan mengenali fundamental dan pecahan kod industri masing-masing' kata Dato' Seri Ahmad Khusairi. Tahniah juga di ucapkan kepada tuan Arifin serta syarikat Bubbles02 yang telah berjaya menerima suntikan dana dari PERNAS sebanyak R5J bagi membantu memperkembangkan lagi jenama ini di dalam dan luar negara. Kami di Worldclass Trade & Development Berhad mendoakan semoga Bubbles02 akan terus berjaya di masa hadapan dengan membawa banyak lagi kebaikan kepada seluruh negara.

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12 September 2023 - Dalam Program Kepimpinan InvestED yang berlangsung pada 7 Ogos 2023, Pengerusi Suruhanjaya SC Datuk Seri Dr Awang Adek Hussin berkata golongan pelabur muda masih lagi rendah dan suntikan pendidikan sangat diperlukan bagi merancakkan pasaran bursa pada masa akan datang. Memetik dari cicipan berita yang dimuat naik oleh berita harian pada tarikh tersebut, beberapa perkara dapat di ambil iktibar dan pendekatan khususnya kepada golongan usahawan kategori anak muda negara yang rata-rata masih belum mengetahui secara meluas kepentingan 'Capital Market' dalam perniagaan. Worldlcass Trade & Development Berhad menyambut baik saranan ini, dan komited untuk terus melatih dan mendidik usahawan melalui Program ROad2IPO yang telah dilaksanakan semenjak tahun 2021. kerjasama pertama antara SC, Kementerian Kewangan, Kementerian Pendidikan Tinggi, Bursa Malaysia, Perbadanan Pembangunan Industri Sekuriti (SIDC) serta peserta industri pasaran modal terkemuka ini di lihat bakal melahirkan lebih ramai Eksekutif muda yang dapat memberikan nilai tambah kepada sesebuah perniagaan. Semoga dengan saluran yang dibuat oleh SC ini akan mendapat lebih banyak sambutan dari usahawan dari golongan muda untuk mengikuti dan mempelajari 'Fundamental of Capital Market'. Sumber Berita Harian 7 Ogos 2023

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8 Mac 2023 - Dato' Seri Ahmad Khusairi telah mengadakan sesi lawatan kerjasama ke pejabat Pengarah Majlis Amanah Rakyat (MARA) Negeri Selangor, Dr Ahmad Basri yang juga disertai oleh pasukan pengurusan utama Meta Docto Holdings Berhad. Dalam sesi lawatan kerjasama ini, penerangan mengenai projek dan hala tuju Docto Aircond sebagai anak syarikat kepada Meta Docto Holding Berhad telah dibuat kepada tuan pengarah. Hala tuju, perancangan menambah cawangan juga kerjasama bersama pihak MARA Selangor telah dibentangkan bagi memperluas lagi perkhidmatan penghawa dingin juga peluang latihan dan pekerjaan kepada pelajar serta alumni institut Kemahiran MARA negeri Selangor. Sebagai Penasihat Korporat Syarikat, Dato' Seri Ahmad Khusairi mahu lebih banyak syarikat yang bernaung di bawah Program Pemecut 2IPO WCD dapat bekerjasama dengan agensi kerajaan sedia ada dengan penggabungan kerjasama yang dapat membentuk nilai tambah kepada syarikat usahawan. Hasil dari pertemuan yang dibuat, MARA Selangor bersetuju untuk memberikan sokongan kepada Docto Aricond untuk pembukaan 5 lagi cawangan melalui kertas kerja yang akan dihantar kelak. Semoga kerjasama ini dapat memberikan suntikan semangat kepada usahawan bumiputera dalam negara untuk terus memperkembangkan perniagaan dengan lebih berdaya saing.

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20 Januari 2023- Sesi pertemuan Dato' Seri Ahmad Khusairi bersama pengurusan tertinggi MATRADE yang dihadiri Tuan Abu Bakar bin Yusof, Timbalan Ketua Pegawai Eksekutif MATRADE bagi membuat penerangan dan perbincangan program yang akan dilaksanakan dengan kerjasama bahagian Pembanguan Pengeksport. Dalam mesyuarat yang berlangsung selama 1 jam setengah, bersama beberapa lagi perjawatan, Dato' Seri telah mencadangkan beberapa kaedah dan teknik bagi membantu usahawan pengeksport dibawah MATRADE. Selain dari membawa produk yang ada ke pasaran luar, dana juga memainkan peranan yang penting bagi memastikan setiap dari permintaan yang diterima dapat dipenuhi oleh pihak usahawan. Mengikut maklumat yang diterima, pada tahun 2022, MATRADE telah berjaya mencapai KPI pengeksport melebihi RM2.848 Trillion dengan memberikan nilai tambah yang sangat menguntungkan serta memberi impak kepada usahawan dan negara. Namun begitu dana yang lebih besar diperlukan bagi membawa lebih banyak usahawan negara yang mempunyai kelebihan dan pencapaian untuk dibawa ke pasaran luar pada tahun 2023. Oleh yang demikian, usahawan yang berdaftar dibawah MATRADE perlu terus mencipta lebih banyak kejayaan dengan menghasilkan lebih banyak produk yang dapat mencakupi permintaan pasaran global hari ini. Dengan kerjasama yang dibuat bersama WCD, Dato' Seri Ahmad Khusairi percaya, usahawan MATRADE mampu digilap dan diberi lebih banyak pendedahan mengenai kepentingan 'Capital Market' bagi memudahkan mereka mendapatkan lebih banyak dana memperkemas dan memperkembangkan perniagaan. Hasil perbincangan, sesi saringan bakal dilaksanakan pada Julai 2023 dengan jemputan yang akan dibuat kepada seluruh usahawan Mid Tier yang berdaftar dibawah platform MATRADE. Terima kasih diucapkan kepada seluruh tenaga kerja MATRADE yang menyokong pergerakan ini.

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18 May 2023- Dato' Seri Ahmad Khusairi telah dijemput menghadiri majlis berbuka puasa MRANTI bersama rakan strategi juga tetamu kehormat yang hadir bagi meraikan sambutan bulan Ramadhan 1444H. Majlis yang berlangsung di MRANTI park telah dihadiri oleh rakan strategi ini memberikan lebih peluang mengenali dan berkongsi idea dan perkembangan terkini syarikat. MRANTI merupakan sebuah agensi pengkomersilan penyelidikan & inovasi Malaysia yang banyak membuka peluang kepada usahawan bagi mempercepatkan idea mereka masuk ke pasaran. Seiring dengan kemajuan dunia semasa, idea yang perlu dihasilkan perlu memenuhi kehendak pasaran juga mampu memberikan solusi terbaik kepada pengguna mahupun masyarkat hari ini. Pelbagai perkhidmatan yang disediakan di MRANTI yang boleh diguna pakai oleh syarikat milik usahawan. Dato' Seri Ahmad Khusairi juga berpeluang berkongsi idea dan pergerakan Worldclass Trade & Development Berhad dalam memacu program keusahawanan yang sedang dilaksanakan oleh nya. Kerjasama yang dibuat oleh Dato' Seri Ahmad Khusairi dan pasukan bersama pelbagai agensi adalah bagi memberikan lebih banyak ruang dan peluang kepada usahawan melayu terutamanya menerokai idea & teknologi yang semakin pantas bergerak.

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20 Februari 2023 - Industri baik pulih penghawa dingin kebanyakan dikuasai oleh syarikat yang dimiliki oleh golongan bukan bumiputera. Dengan kepakaran hampir 20 tahun dalam industri baik pulih dan selenggara penghawa dingin, Amirrudin Abdullah pengasas kepada Docto Aircond Sdn Bhd, dan S&A Bintang Sdn Bhd melihat peluang yang amat luas bagi syarikat jika tidak dimanfaatkan. Pada majlis yang berlangsung di Cyberjaya ini, sebagai satu langkah ke arah pembangunan perniagaan yang lebih mampan, sebuah cawangan telah dibuka bagi merealisasikan impian dan hasrat untuk membawa perniagaan ini ke peringkat IPO. Meta Docto Holdings Berhad yang telah ditubuhkan pada tahun 2022, akan menampung segala kos pembinaan projek anak-anak syarikat juga bertindak sebagai Syarikat pengurusan induk yang akan dipacu ke level IPO pada tahun 2026, kata Penasihat Korporat syarikat Dato' Seri Ahmad Khusairi bin Bani Hashim. Dato' Seri juga memaklumkan, beberapa perancangan masterpan telah dirangka dan persediaan untuk memulakan fasa pertama mendapatkan dana melalui teknik raising fund sedang dijalankan. Sebagai salah seorang usahawan yang juga merupakan anak didik kepada Majlis Amanah Rakyat (MARA), Amiruddin juga berharap dapat meneruskan kerjasama bersama MARA dalam membangun dan melatih lebih ramai pelatih dan anak didik MARA dalam program yang dianjurkan oleh syarikatnya. Majlis yang juga telah dirasmikan oleh Pengarah Majlis Amanah Rakyat (MARA) Negeri Selangor, DR Ahmad Sabri memberikan persepi yang sangat baik dengan kejayaan MARA menghasilkan usahawan yang berjaya membina perniagaan sehingga ke tahap ini. Dalam Majlis ini juga, Dr Ahmad Sabri memaklumkan, bahawa MARA akan sentiasa menyokong pergerakan syarikat yang mahu bergerak dan menjana kejayaan terutamanya usahawan yang berdaftar dibawah Agensi terbabit.

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20 Julai 2023 - Jemputan menghadiri Persidangan Waqf & Islamic Capital Market yang diadakan di Suruhanjaya Sekuriti Malaysia yang turut dihadiri oleh tokoh korporat juga usahawan yang mahu mengetahui dengan lebih dalam mengenai kelebihan 'Islamic Capital Market'. Selain masterplan yang kukuh, dana yang diterima dari pelabur juga perlu melalui proses patuh syariah, dan ianya perlu mengikuti semua aktiviti dalam pasaran modal yang mematuhi prinsip islam. Sebuah program yang sangat baik yang di anjurkan oleh Suruhanjaya Sekuriti Malaysia serta dapat memberikan penjelasan dengan lebih jelas kepada syarikat-syarikat yang bercadang membawa perniagaan ke peringkat yang lebih jauh iaitu IPO. Walaupun ianya masih baru dikalangan usahawan negara, namun ia mampu memberikan laluan lebih baik kepada kebanyakan usahawan yang bercita-cita membina perniagaan bertaraf IPO juga mematuhi prinsip islam.

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24 Januari 2023 - Worldclass Trade & Development Berhad terus bergerak melaksanakan misi & visi melatih juga membantu usahawan bumiputera islam khususnya mengenali potensi syarikat agar dapat bersaing seiring syarikat berkepentingan antarabangsa. Dengan kerjasama bersama Halal Development Corporation Berhad (HDC) sebuah program telah berjaya dilaksanakan di bilik latihan HIP yang bertempat di HQ HDC, Damansara. Antara perkongsian yang dibuat oleh pengasas, Dato' Seri Ahmad Khusairi adalah pentingnya menjaga 7 prinsip utama dalam perniagaan. Etika yang baik dalam pengurusan kewangan juga kaedah membina masterplan perniagaan yang boleh membantu syarikat mendapatkan suntikan dana modal yang lebih berkesan. Program yang berlangsung selama satu(1) hari ini telah membuka peluang usahawan yang hadir mengenali dengan lebih jelas aspirasi dan hala tuju perniagaan yang sedang dilaksanakan yang bukan sekadar menjalankan perniagaan tetapi membina legasi perniagaan untuk generasi akan datang. Worldclass Trade & Development Berhad juga akan melaksanakan beberapa lagi program lain dengan kerjasama bersama HDC dan HIP bagi membantu lebih ramai usahawan terutama dari sudut pendidikan & latihan. Pengasasnya Dato' Seri Ahmad Khusairi amat yakin dengan kesedaran yang diberikan, juga tindakan perlaksanaan yang dibuat oleh usahawan hari ini, pasti akan dapat mengubah persepsi dan pergerakan syarikat bagi masa akan datang. Memetik dari kata-kata bekas Presiden South Africa, mendiang Nelson Mandela ' Education is the most powerful weapon which you can use to change the world'.

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6 Disember 2022 - Seawal jam 8.30pagi Program Persediaan dan penyusunan syarikat ke IPO@Bursa Saham & Antarabangsa yang bertempat di Idea Hotel, Kuala Lumpur telah bermula. Kehadiran 30 usahawan dari pelbagai industri yang berdaftar dibawah Majlis Amanah Rakyat (MARA) dari dalam dan luar kawasan kuala lumpur yang bersungguh untuk mendapatkan ilmu bagi memperkembangkan perniagaan masing-masing telah hadir. Program yang telah dirasmikan oleh Pengarah bahagian Pembangunan Usahawan (MARA) ini telah membuktikan masih ramai usahawan bumiputera yang belum mengenali 'fundamental' atau asas membina perniagaan. Dalam ucapan yang diberikan oleh tuan Yahaya bin sani, beliau menyebut bahawa betapa pentingnya kesedaran dapat diberikan kepada usahawan mengenai 'Capital Market' bagi memudahkan pergerakan syarikat untuk diperkembangkan. Program yang pertama kali dianjurkan oleh Bahagian pembangunan Usahawan MARA dengan kerjasama Wordlclass Trade & Development Berhad ini bakal membuka peluang kepada usahawan yang hadir untuk memperkembangkan perniagaan melalui teknik dan kaedah yang lebih berkesan dalam mendapatkan sumber dana modal. Selain itu, usahawan yang hadir juga berpeluang melalui proses saringan dan pemantauan khas perniagaan dari pengasas program Dato' Seri Ahmad Khusairi selama 3 bulan selepas kelas berakhir.