Kuala Lumpur News

In the latest installment of Kuala Lumpur News, DC Healthcare Holdings Berhad opened Dr. Chong Clinic in Penang, expanding their reach in Northern Malaysia.
Governor Tun Datuk Seri Utama Ahmad Fuzi officiated the event.
The company also donated to local charities and provided school bags to 600 students.
Palo Alto Networks hosted its Ignite on Tour event, focusing on AI’s impact on cybersecurity and introduced Precision AI™.
Go Hub Capital Berhad launched its IPO prospectus, aiming to raise RM37.51 million, with applications closing on June 20.
Flexidynamic Holdings Berhad invested in Gammatech Sdn Bhd, acquiring 51 per cent to expand into gamma radiation sterilisation.
Read more below.

Palo Alto Hosts Ignite

Kuala Lumpur, June 12: Palo Alto Networks held its Ignite on Tour event in Malaysia on Tuesday, at One World Hotel, Petaling Jaya.
Themed “Cybersecurity for the AI Era,” the event gathered industry partners, customers, and cybersecurity experts to discuss AI’s impact on cybersecurity in Malaysia.
Chief Information Officer Meerah Rajavel emphasized the dual nature of AI: “Malaysian businesses, given their high digital engagement, are particularly at risk. To safeguard their operations, organisations must counter AI with AI – harnessing the capabilities of AI to enhance security measures, achieve better visibility, and automate their security processes.”
Palo Alto Networks introduced Precision AI™, integrating machine learning, deep learning, and generative AI across their platforms Strata™, Prisma®, and Cortex® for real-time threat defense.
Nazri Bin Ahmad Zamani from CyberSecurity Malaysia highlighted the country’s readiness to adopt AI, cautioning against complacency. Malaysia reported 5,917 cyber incidents in 2023, with a significant rise in scams and frauds.
Sarene Lee, Country Manager for Palo Alto Networks Malaysia, noted, “Malaysia is ranked 23rd globally in Government AI readiness and is the second highest in Southeast Asia. This ranking reflects our strong foundation, supported by substantial government initiatives and investments in AI technology and infrastructure.”
To combat AI-driven threats, organizations are encouraged to invest in AI-powered cybersecurity solutions, share threat intelligence, foster cybersecurity awareness, and stay updated with evolving AI technologies.

Go Hub IPO Launches

Kuala Lumpur, June 12: Go Hub Capital Berhad has launched its prospectus for an upcoming IPO on the ACE Market of Bursa Malaysia, aiming to raise RM37.51 million by issuing 107.18 million new shares at RM0.35 each.
The proceeds will fund business expansion, innovative solution development, marketing, and operational improvements.
The IPO application period closes on June 20, with a listing date set for July 3. CEO Tan Cherng Thong stated, “We are elated to have reached a new milestone with the Prospectus launch today…We are optimistic about the future and the opportunities this IPO opens for our company.”
UOB Kay Hian Securities supports the IPO as Principal Adviser, Sponsor, Underwriter, and Placement Agent.

Flexidynamic Invests in Gammatech

Kuala Lumpur, June 12: Flexidynamic Holdings Berhad has announced a strategic investment in Gammatech Sdn Bhd, acquiring 51 per cent of its share capital for RM1,040,816.
This move marks Flexidynamic’s expansion into gamma radiation sterilisation, targeting industries such as medical, pharmaceutical, food processing, and packaging. Managing Director Tan Kong Leong stated, “This strategic investment in Gammatech marks a significant milestone for Flexidynamic as we venture into the gamma radiation sterilisation sector.”
A representative from Gammatech added, “We are excited about the partnership with Flexidynamic Holdings Berhad and believe that their expertise and vision will significantly contribute to the successful launch and growth of Gammatech.”
As of today Flexidynamic’s share price closed at RM0.21, with a market capitalisation of RM62.9 million.

New Clinic Launch

Penang, June 12: DC Healthcare Holdings Berhad celebrated the grand opening of Dr. Chong Clinic in AutoCity, Penang, officiated by Governor Tun Datuk Seri Utama Ahmad Fuzi.
The event marked the Group’s expansion into Northern Malaysia, enhancing their reach in the medical aesthetics sector.
The company also demonstrated its commitment to corporate social responsibility by donating to the Charity Foundation of the Governor of Penang and providing school bags to 600 students.
Dr. Chong Tze Sheng, Managing Director, emphasized the company’s dedication to affordable aesthetic care and the vision to position Penang as a health tourism hub. “We believe that aesthetic care will soon become a necessity, not just a luxury,” said Dr. Chong.
DC Healthcare, since its inception in 2016 and listing in 2023, has served 75,000 patients and added nine branches nationwide, including new clinics in Johor Bahru, Ipoh, Penang, and Kuala Lumpur, alongside four DC Body outlets.
The Group now operates 17 clinics and four DC Body outlets across Malaysia.