Kuala Lumpur News

TOPVISION IPO Oversubscribed

TOPVISION Eye Specialist Berhad’s public offering, held in conjunction with its transfer from the LEAP Market to the ACE Market of Bursa Malaysia Securities Berhad, was oversubscribed by 58.69 times, attracting strong investor interest.
The public issue included 54.22 million new ordinary shares allocated across categories: 15.49 million for the Malaysian public, 4.80 million for eligible individuals, and 33.93 million for institutional and selected investors.
The offering received 16,671 applications for 924,756,100 shares, reflecting high demand across Bumiputera, non-Bumiputera, and institutional segments.
Proceeds from the RM17.89 million raised will support the expansion of TOPVISION’s service network and the establishment of a multidisciplinary specialist tertiary eye center.
TOPVISION is set to debut on the ACE Market on 16 December 2024, with Hong Leong Investment Bank Berhad serving as Principal Adviser, Sponsor, Sole Underwriter, and Sole Bookrunner.

Takeda Boosts Dengue Prevention

Takeda Malaysia has partnered with MiCare and leading insurers, including Great Eastern Life Malaysia, Tokio Marine Life Malaysia, MCIS Life, Hong Leong Assurance, and Syarikat Takaful Malaysia Keluarga Berhad, to enhance dengue prevention efforts.
The collaboration aims to engage up to 1.7 million policy and certificate holders, providing access to dengue vaccination and integrated prevention strategies.
With dengue cases rising, the initiative focuses on raising awareness and reducing hospitalizations through comprehensive measures, including vaccination, vector control, and public education. Policyholders are encouraged to contact their insurers or visit knowdengue.my for more information on eligibility and dengue prevention.

Alpro, AGTC Advance Genomics

Alpro Group, Malaysia’s largest prescription pharmacy chain, has partnered with AGTC Genomics to make Pharmacogenomics (PGx) and Nutrigenomics (NGx) services affordable and accessible across the nation.
This collaboration integrates genetic testing into everyday healthcare, aiming to reduce medication errors, minimise adverse drug reactions, and optimise personalised treatments.
The partnership leverages Alpro’s pharmacy network and AGTC’s advanced genetic testing technologies to deliver safer, more effective prescriptions and nutrition plans tailored to individuals’ genetic profiles. Community education campaigns will accompany the rollout, empowering Malaysians to make informed health decisions and embrace precision medicine.
Genetic testing services are available at Alpro Pharmacy locations nationwide.

Propel Global AGM Update

Propel Global Berhad successfully concluded its Fourth Annual General Meeting (AGM) today, with all resolutions passed. Key approvals included director re-elections, payment of fees and allowances, re-appointment of auditors, authority to issue shares under the Companies Act 2016, and renewal of share buyback authority.
The approvals bolster Propel Global’s ability to drive strategic growth across its core segments: oil and gas, technical services, and ICT, ensuring agility and resilience in pursuing future opportunities.

Colform Signs IPO Deal

Colform Group Berhad has signed an underwriting agreement with Mercury Securities Sdn. Bhd. for its upcoming IPO on the ACE Market of Bursa Malaysia.
The IPO will involve the issuance of 114.42 million new shares, representing 19.07 per cent of Colform’s enlarged share capital, and 54 million shares offered for sale, representing 9.00 per cent.
Shares will be allocated to the Malaysian public, eligible persons, selected investors, and Bumiputera investors approved by MITI.
Mercury Securities will underwrite 36 million shares for the public and eligible persons. This IPO marks a milestone for Colform in expanding its steel solutions and brand presence.

Alibaba Cloud Named Leader

Alibaba Cloud has been named a Leader in The Forrester Wave™: Public Cloud Platforms Q4 2024 report. Ranking second among nine global vendors, it received top scores in current offering and strategy categories, including database, AI development, and cloud-native services.
Recognized for AI innovation, Alibaba Cloud unveiled advancements at its Apsara Conference 2024, including Qwen 2.5 large language models.
With a global reach spanning 85 data centers in 28 regions, Alibaba Cloud plans further expansion, including its first region in Mexico and new data centers in Southeast Asia and South Korea.

Learning Hub for Orang Asli

Taylor’s College and SK RPS Banun have launched a Learning Hub to support the Orang Asli community in Gerik, Perak.
Spearheaded by RISE Educator Award winner Shawn Stanly Anthony Dass, the RM20,000-funded hub transforms an underutilised school area into a multifunctional space for education and community activities.
Built with input from students, parents, and teachers, the hub blends modern educational features with cultural heritage, supporting interactive and collaborative learning.
Taylor’s College and Teach For Malaysia lauded the initiative, emphasizing its role in fostering inclusive education and community empowerment.

Sarawak Media Night

The Sarawak Tourism Board (STB) celebrated its invaluable media partners during Media Night 2024, themed “The Soul of Sarawak.” Held at Imperial Hotel, Kuching, the event welcomed over 150 media representatives from Malaysia, Brunei, Indonesia, Taiwan, and France to recognize their contributions in promoting Sarawak’s tourism.
The evening highlighted Sarawak’s Culture, Adventure, Nature, Food, and Festivals (CANFF) pillars, offering guests a vibrant program featuring traditional performances, local cuisine, and a celebration of the media’s collaborative role in showcasing the state’s unique attractions.
Sharzede Datu Salleh Askor, CEO of STB, commended the media’s efforts in enhancing Sarawak’s global profile, noting significant increases in media outreach metrics and public relations value over the past year.
This year marked a milestone for Sarawak, with over 4 million visitors by mid-November generating RM10 billion in tourism receipts. These record-breaking achievements were supported by the Gateway to Borneo campaign, which positioned Sarawak as a premier destination for nature, culture, and adventure tourism.
Key highlights included the recognition of Niah Caves as a UNESCO World Heritage Site and STB’s multiple award wins. The board’s Sia Sitok campaign and the Rainforest World Music Festival (RWMF) 2024 were both named Campaign of the Year at the Malaysia Public Relations Awards, while STB also received the Tourism Board Campaign of the Year – Malaysia award at the TDM Travel Trade Excellence Awards 2024.
Looking ahead to 2025, STB aims to welcome 5 million visitors and further amplify Sarawak’s offerings globally through strengthened media collaborations.