Kuala Lumpur News

In the latest installment of Kuala Lumpur News, we spotlight significant developments across key industries.
TOPVISION Eye Specialist Berhad gears up for its ACE Market transition with a RM17.89 million fundraising plan, while Betamek Berhad secures a government grant to advance its digital transformation.
Propel Global Berhad reports robust growth in its Oil & Gas and Technical Services segments, and Systech Bhd achieves a remarkable 244 per cent revenue surge, driven by strategic acquisitions and digital innovation.
Here’s a closer look at these stories shaping Malaysia’s business landscape.

TOPVISION Targets ACE Market

Kuala Lumpur, Nov 25: TOPVISION Eye Specialist Berhad has launched its prospectus to raise RM17.89 million as it transitions from the LEAP Market to the ACE Market of Bursa Malaysia.
Funds will support a new international eye specialist centre, expansion into East Malaysia, and equipment upgrades.
The move aligns with the company’s goal to enhance eye healthcare nationwide and tap into the growing medical eye care market.

Betamek Secures Government Grant

Kuala Lumpur, Nov 25: Betamek Berhad has received a RM396,420 government grant to drive its digital transformation project, integrating IoT technology into manufacturing processes to enhance efficiency and competitiveness.
The initiative aims to improve Overall Equipment Effectiveness (OEE), streamline production for growing EV demand, and support sustainable practices.
The project also aligns with Betamek’s ESG goals and prepares its workforce for future advancements.

Propel Global Reports Growth

Kuala Lumpur, Nov 25: Propel Global Berhad posted a 24.2 per cent revenue increase to RM34.3 million in Q1 FY2025, driven by strong performance in its Oil & Gas and Technical Services segments.
Despite facing foreign exchange losses and the absence of one-off gains, the Group remains optimistic, leveraging its robust equity position and strategic focus on energy-efficient solutions and market opportunities in the oil and gas sector.

Systech Reports Record Growth

Kuala Lumpur, Nov 25: Systech Bhd posted a 244 per cent revenue increase to RM17.022 million in Q2 FY2025, driven by strategic acquisitions and growth in its Corporate Solutions segment.
The company achieved a turnaround in profitability with RM0.376 million in profit before tax, compared to a loss in the same quarter last year.
Systech plans to focus on AI, IoT, and data center development to sustain its growth trajectory.