Kuala Lumpur News

Saliran Launches IPO Prospectus

Saliran Group Berhad has launched its prospectus for an Initial Public Offering (IPO) ahead of its listing on the ACE Market of Bursa Malaysia Securities Berhad. The IPO aims to raise RM21.71 million through the issuance of 80.4 million shares at RM0.27 per share.
Funds raised will be allocated for regional expansion, machinery purchases, loan repayments, working capital, and listing expenses. The group has shown strong financial growth, with revenue rising from RM70.6 million in 2021 to RM243.2 million in 2023, driven by demand in the industrial and oil and gas sectors.
Malacca Securities Sdn. Bhd. is the Principal Adviser, Sponsor, Underwriter, and Placement Agent for the IPO.

Aneka Jaringan AGM Success

Aneka Jaringan Holdings Berhad successfully concluded its Sixth Annual General Meeting (AGM), with shareholders demonstrating strong support for the Group’s strategic direction. All resolutions, including director re-elections, auditor re-appointments, and share issuance mandates, were approved.
The Group reported a revenue of RM211.48 million for FYE2024, an 11.3 per cent increase from FYE2023, with profit after tax rebounding to RM4.31 million from a previous loss of RM12.43 million. Aneka Jaringan also secured RM178.55 million in new contracts, maintaining an order book of RM240.17 million.
Looking ahead, the Group plans to expand its infrastructure and commercial project pipeline while strengthening operations in Malaysia and Indonesia.

Hektar REIT Expands Portfolio

Hektar REIT has acquired its first light industrial asset for RM30 million in the Bayan Lepas Free Industrial Zone, Penang, marking a strategic diversification beyond retail properties.
The acquisition, at a 9.1 per cent discount from market value, offers a 7.5 per cent initial yield on a triple net lease, ensuring stable passive income.
This move strengthens Hektar REIT’s presence in the semiconductor and advanced manufacturing sectors, supporting global supply chains.
The facility features advanced infrastructure tailored for semiconductor operations, with a 15-year lease providing long-term income stability.
Hektar REIT now owns eight properties, including shopping malls and a private school, as part of its strategy to balance risk and maximize shareholder value.

KJTS, iHandal Form JV

KJTS Group Berhad has entered into a joint venture with iHandal Holdings Sdn Bhd to enhance its position in integrated energy management services.
The partnership, through the newly formed KJTS iHandal Sdn Bhd, will focus on sustainable energy solutions by combining KJTS Group’s cooling energy management expertise with iHandal’s Heatfuse™ heat recovery technology.
The collaboration aims to improve energy efficiency, reduce operational costs, and support sustainability goals for commercial, industrial, and institutional clients.
The joint venture aligns with KJTS Group’s long-term strategy to lead in sustainable energy management, with upcoming projects to be announced soon.

Tex Cycle Acquires SEL Stake

Tex Cycle Technology (M) Berhad, through its subsidiary TC Chemical Sdn Bhd, has signed a Share Sale Agreement (SSA) to acquire a 60 per cent stake in Safety & Environmental Laboratory Sdn Bhd (SEL) for RM8.4 million. The deal includes a profit guarantee of RM2 million for the financial years 2024 and 2025 and a net tangible asset value of RM4.4 million.
The acquisition strengthens Tex Cycle’s capabilities in environmental compliance, health, and safety (EHS) testing, reinforcing its leadership in sustainable waste management. Integrating SEL’s accredited laboratory services will enable Tex Cycle to offer comprehensive sustainability solutions while supporting businesses in meeting stricter regulatory requirements.