Kuala Lumpur News

ES Sunlogy Concludes AGM

Kuala Lumpur, Jan 28: ES Sunlogy Berhad announced it successfully concluded its Second Annual General Meeting, with shareholders approving all resolutions tabled.
Shareholders received the audited financial statements for the year ended 31 July 2025, alongside the Directors’ and Auditors’ reports. Ordinary resolutions passed included approval of Non-Executive Directors’ fees and benefits, re-election of directors retiring by rotation, and re-appointment of PKF PLT as the company’s auditors for the ensuing financial year.
Shareholders also approved special business items, including a renewal of authority for directors to issue shares under the Companies Act 2016, and the approval and ratification of a shareholders’ mandate for recurrent related party transactions of a revenue or trading nature.
Managing Director of ES Sunlogy, Mr. Khor Chuan Meng, said, “The Board is encouraged by the strong support shown by our shareholders at this year’s AGM. Their endorsement of all resolutions affirms confidence in our governance practices and strategic priorities. As we move forward, we remain focused on disciplined project execution, operational strengthening and creating sustainable long-term value for our shareholders.”
The company said it remains positioned to pursue growth plans supported by its project pipeline, capital management and operating foundation, while continuing to emphasise governance, cost discipline and operational excellence.

Advancecon Wins Johor Contract

Kuala Lumpur, Jan 27: Advancecon Holdings Berhad announced that its wholly owned subsidiary, Advancecon Infra Sdn. Bhd., has secured an RM82.09 million contract for earthworks, drainage and associated infrastructure works for Phase 1 (Package 1) of the Southern Catalyst Innovation District in Johor.
The project, located in Mukim Sedenak, Daerah Kulai, is scheduled to commence on 4 February 2026 and is expected to be completed by 4 May 2027, providing earnings visibility over a 15-month construction period. The contract further strengthens the Group’s presence in Johor’s expanding industrial and innovation corridor.
Phum Boon Eng, Managing Director of Advancecon Holdings Berhad, said, “We are pleased to secure this sizeable contract for the Southern Catalyst Innovation District, which reflects continued confidence in Advancecon’s execution capabilities and track record in delivering large-scale earthworks and infrastructure projects. Johor remains a key growth market for the Group, supported by ongoing industrial expansion and infrastructure development. We remain focused on disciplined project execution, cost management and maintaining high safety and quality standards as we continue to build a sustainable and visible order book.”
The contract is expected to contribute positively to Advancecon’s order book and earnings during the contract period, barring any unforeseen circumstances.
Advancecon said it will continue to pursue selectively aligned infrastructure and industrial projects, while maintaining disciplined risk management and capital deployment, supported by its recent safety, sustainability and quality awards.

Canon Marks 15 Years

Shah Alam, Jan 27: Canon Marketing Malaysia was recognised at the Putra Brand Awards 2025 with a Silver award in the Office and Business Equipment category, marking its 15th consecutive year being chosen by Malaysian consumers.
The gala was held on 23 January 2026 at The Majestic Hotel in Kuala Lumpur. Putra Brand Awards winners are determined through an independent consumer survey conducted by Ipsos, based on familiarity, personal experience, intent to purchase and likelihood to recommend.
Masato Yoshiie, President and CEO of Canon Marketing Malaysia, said, “Being chosen by Malaysians for 15 consecutive years is deeply meaningful to us, as it reflects trust built over time through real experiences. We remain committed to delivering reliable, innovative solutions and consistent service excellence, in line with our promise of “Delighting You Always.”
Canon attributed the milestone to sustained consumer trust across its imaging and printing ecosystem, supported by its customer experience and nationwide service network. The company also highlighted its market leadership claims in Malaysia, including No.1 positions in inkjet printers (29 consecutive years), laser printers (nine consecutive years), laser copiers (three consecutive years) and mirrorless cameras.

MSB Explores Energy Storage

Kuala Lumpur, Jan 27: MSB Global Group Berhad announced that its wholly owned subsidiary, MSB Machinery Corporation (Malaysia) Sdn Bhd, has entered into a strategic memorandum of understanding with Zhejiang GSP&DC Energy Technology Co., Ltd. to explore and develop energy storage opportunities in Malaysia.
The MoU establishes a framework for cooperation, combining Zhejiang GSP&DC’s solid-liquid hybrid battery and energy storage technology capabilities with MSB Machinery’s local market presence, operational experience and distribution network. The collaboration will focus on assessing market potential and demand across commercial, industrial and selected residential energy storage applications.
Under the framework, both parties will form dedicated working teams to coordinate market studies, project evaluation and business development initiatives. Any specific projects or commercial arrangements will be subject to further discussions and separate definitive agreements.
Datuk Ow Kee Foo, Managing Director of MSB Global, said, “Energy storage plays an increasingly important role as renewable energy adoption expands. This MoU provides an opportunity for MSB Machinery to work alongside an experienced technology partner to better understand the market landscape and identify viable opportunities in a disciplined and structured manner.”
He added, “Our priority remains the continued execution and growth of our core automotive aftermarket and lubricants businesses. Any participation in energy storage-related opportunities will be evaluated carefully, with emphasis on risk management, demand visibility, and long-term sustainability.”

BMS Opens Puchong Showroom

Kuala Lumpur, Jan 26: BMS Holdings Berhad has expanded its retail footprint with the opening of a new “Jubin BMS” showroom in Puchong, marking an early step in the Group’s growth strategy following its recent listing on the ACE Market of Bursa Malaysia Securities Berhad.
Located in Kinrara, the newly opened showroom spans 6,481.26 square feet and is positioned to serve high-density residential and commercial areas including Puchong, Sunway and Bukit Jalil. The Group said the location offers strong visibility, accessibility and proximity to established home furnishing and automotive brands, supporting steady renovation-driven demand.
The showroom, which operates on a rental basis, is designed to deliver a customer-centric retail experience and is supported by opening promotions, weekend activities and engagement initiatives targeting homeowners, interior designers and contractors. These efforts are complemented by digital marketing across search and social media platforms to capture both walk-in and planned demand.
The Puchong outlet forms part of BMS Holdings’ broader retail expansion plan outlined in its prospectus, which includes the rollout of seven new Klang Valley showrooms between 2026 and 2028 and the development of a purpose-built retail showroom with storage facilities in Seremban, Negeri Sembilan. The Group has also secured an owned site in Rawang for a future Klang Valley outlet.
Commenting on the opening, Ang Kwee Peng, Managing Director of BMS Holdings, said “The Puchong retail showroom reflects the Group’s disciplined expansion approach focused on location quality, customer accessibility and long-term market potential. This new retail showroom, strengthens BMS Holdings’ presence in two of the Klang Valley’s most active home improvement corridors, while reinforcing our commitment to delivering an enhanced retail experience and deepening engagement with both homeowners and professional customers as BMS continues to scale its national footprint”.

Aneka Revenue Jumps 31.8%

Kuala Lumpur, Jan 22: Aneka Jaringan Holdings Berhad (Bursa: ANEKA, 0226) posted 1Q FY2026 revenue of RM82.42 million for the quarter ended 30 November 2025, up 31.8% quarter-on-quarter from RM62.55 million and 3.7% year-on-year from RM79.47 million, driven by improved work progress across ongoing projects in Malaysia and Indonesia.
Gross profit rose 12.6% year-on-year to RM5.34 million, while profit after tax came in at RM1.16 million versus RM2.33 million in 1Q FY2025, mainly due to the absence of one-off income items recorded in the prior year and margin normalisation following a stronger final quarter in FY2025.
Managing Director Pang Tse Fui commented, “The strong quarter-on-quarter revenue growth reflects improving execution momentum as we enter FY2026, with higher activity levels across our project sites.
While profitability normalised from the previous quarter, our focus on disciplined execution, cost control, and governance continues to support sustainable performance.”
As at 30 November 2025, shareholders’ funds stood at RM97.22 million, with net assets per share of 14.00 sen. Cash and short-term deposits totalled RM22.29 million.
The group said it has secured additional projects worth RM87.87 million, supporting order flow and earnings visibility for FY2026.

PETA Targets Mohair Sales

Kuala Lumpur, Jan 22: PETA has released findings from a new investigation into mohair operations in Lesotho and South Africa, alleging workers at multiple facilities certified by the “Responsible Mohair Standard” were filmed beating, dragging and roughly restraining goats during handling and shearing. The group said the investigation included facilities linked to a supplier connected to Paul Smith’s mohair supply chain.
PETA said the undercover footage shows goats being hauled by tails, horns and legs, and shorn so roughly that some were left wounded and bleeding. The organisation also reported filming multiple dead goats—including a baby goat—discarded at a certified facility, arguing that certification does not prevent cruelty and that conditions at certified and non-certified farms are similarly violent.
Despite the investigation, PETA said some Malaysian brands, including SVG Worldwide, continue to sell mohair products. “These shearing sheds are hell for terrified goats, who are tossed around like rag dolls, sliced open, and left screaming in pain, all for someone’s mohair suit or sweater,” says PETA President Jason Baker. “PETA is calling on SVG Worldwide to join the hundreds of other brands that have banned mohair and urging anyone in Malaysia upset by cruelty to animals to please choose only vegan materials.”
PETA said the footage marks its second investigation into South Africa’s mohair industry and reiterated claims that goats are shorn from as early as six months old and killed once deemed no longer useful, well short of their natural lifespan.

Kee Ming IPO Raise

Kuala Lumpur, Jan 21: Kee Ming Group Berhad has launched its prospectus ahead of its ACE Market listing on Bursa Malaysia, as the M&E engineering solutions provider looks to scale operations across construction and clean energy-related projects.
The company expects to raise RM25.32 million by issuing 66.63 million new shares at RM0.38 each. Proceeds will go mainly toward project working capital and performance bonds, alongside team expansion, an ERP system, general working capital and IPO-related expenses. Applications close on 27 January 2026, with listing scheduled for 12 February 2026.
Ir. Liew Kar Hoe, Managing Director of Kee Ming Group Berhad, commented, “The launching of our prospectus marks an exciting new chapter for Kee Ming. The IPO will strengthen our operational capabilities, enable us to undertake larger and more complex projects across industrial, commercial, residential, clean energy-related segments as well as others which mainly consist of public infrastructures and interconnection facilities. This reinforces our commitment to delivering safe, reliable and high-quality engineering solutions. We are dedicated to driving sustainable growth and creating long-term value for our stakeholders.”

Top Glove Wins NACGSA

Shah Alam, Jan 21: Top Glove Corporation Bhd ranked No. 1 overall among 847 Bursa Malaysia-listed companies assessed at the National Corporate Governance and Sustainability Awards (NACGSA) 2025 organised by the Minority Shareholders Watch Group (MSWG).
The group received the Overall Excellence Award and the Industry Excellence Award (Healthcare) at the ceremony held on 20 January 2026 at Mandarin Oriental Kuala Lumpur.
Tan Sri Dr. Lim Wee Chai, Executive Chairman, commented, “We are honoured to receive the highest recognition in the Overall Excellence category, and the Industry Excellence Award in the healthcare category. These achievements reflect our strong corporate governance and sustainable practices, which are fundamental to the trust and confidence our stakeholders place in us.”
Lim Cheong Guan, Managing Director, concurred, adding: “We are proud of thisrecognition which is a testament to our people’s dedication and the value they create through responsible practices, ethical stewardship, and a focus on sustainable growth. We will continue learning, improving and implementing best practices to strengthen our business and deliver meaningful impact for all our stakeholders.”

Manforce Gets IPO Nod

Kuala Lumpur, Jan 20: Manforce Group Berhad said it has received Bursa Malaysia Securities Berhad’s approval on 19 Jan 2026 for its proposed listing on the ACE Market, marking its transition from the LEAP Market.
The Group provides foreign workers’ management services, manual labour services and hostel management solutions across sectors including manufacturing, construction and services, and said it managed an average of about 6,761 workers for the financial year ended 28 Feb 2025.
Manforce said its IPO will involve 99.98 million new shares (about 25% of enlarged share capital of 399.98 million shares) and an offer for sale of 19.99 million existing shares via private placement to Bumiputera investors approved by MITI, with proceeds mainly for recruitment quota expansion, IT systems, working capital and listing expenses.

AmanahRaya REIT Update

Kuala Lumpur, Jan 17: AmanahRaya REIT, via its manager AmanahRaya-Kenedix REIT Manager Sdn. Bhd., reiterated its commitment to safety and full cooperation with authorities following ongoing investigations into an incident at HELP University, Bukit Damansara.
The REIT said it had acted promptly after its 12 Jan 2026 announcement by facilitating a comprehensive assessment of the affected area and surrounding structures, including appointing an independent forensic team, while cooperating with the Fire and Rescue Department, police and emergency services.
AmanahRaya REIT said it is working closely with HELP University and property manager Knight Frank Malaysia Sdn. Bhd. to support safety checks, risk assessments and precautionary measures, and noted investigations are ongoing with no conclusions reached at this stage.
The REIT said further updates will be provided when verified information becomes available, in line with the completion of investigations and independent assessments.

SCIB EGM Approves Plans

Kuching, Jan 15: Sarawak Consolidated Industries Berhad (SCIB) said shareholders approved all resolutions at its extraordinary general meeting, including a proposed rights issue with free detachable warrants and a reduction of issued share capital.
The company said shareholders approved a renounceable rights issue of up to 763,624,813 new ordinary shares together with an equal number of free warrants, on the basis of one rights share and one warrant for every existing share held, with the entitlement date to be determined. Shareholders also approved a reduction of SCIB’s issued share capital by RM110 million under Section 117 of the Companies Act 2016.
Datuk Chong Loong Men, Executive Chairman of SCIB, said the outcome of the EGM provides the Company with greater clarity and flexibility to move forward with its financial and operational initiatives. “We appreciate the confidence and mandate given by our shareholders. These approvals place SCIB in a better position to strengthen its balance sheet and support the Group’s planned activities in a disciplined and orderly manner,” he said.
SCIB said the rights issue with free warrants is intended to raise a minimum of RM10 million, with proceeds earmarked mainly for factory construction and machinery purchases, as well as partial repayment of borrowings, working capital and proposal-related expenses. The company added that Chong has undertaken to subscribe to the rights issue, including via excess applications if required, to ensure the minimum proceeds are met.

GHS IPO 4.78x

Kuala Lumpur, Jan 14: Guan Huat Seng Holdings Berhad (GHS Holdings), a Melaka-based food products distributor and retailer and manufacturer of flavouring products, said the public portion of its initial public offering was oversubscribed by 4.78 times.
The IPO comprises the issuance of 120 million new shares (about 25.34% of enlarged share capital) and an offer for sale of 21 million existing shares (about 4.44%). For the Malaysian public tranche, the Group received 2,842 applications for 137,611,900 shares, with the Bumiputera portion oversubscribed by 1.96 times and the non-Bumiputera portion oversubscribed by 7.61 times.
Yeo Tien Ee, Managing Director of Guan Huat Seng Holdings Berhad, said: “We are grateful for the interest shown by investors in GHS Holdings. The public subscription reflects recognition of our established track record, diversified product portfolio, and expansion plans. The IPO proceeds will, amongst others, support the construction of our New Integrated Complex and New Krubong Facility in Melaka, expand our production and storage capacity, thereby enhancing operational efficiency and supporting our future growth.”
GHS Holdings is scheduled to be listed on the ACE Market of Bursa Malaysia Securities Berhad on 22 Jan 2026. TA Securities Holdings Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent for the IPO.

AGIBOT Expands in Malaysia

Kuala Lumpur, Jan 13: Robotics firm AGIBOT has launched in Malaysia, kicking off a broader set of Asia-Pacific initiatives planned for 2026. The launch event was held at i-City in Selangor and attended by AGIBOT executives, Malaysian government officials, partners, customers and media, as the company signalled a long-term push to grow regional partnerships and automation adoption.
AGIBOT said it rolled out its 5,000th mass-produced humanoid robot in December 2025, positioning the company for wider commercial deployments in 2026.
“AGIBOT made significant strides to improve the mass production and the practical use of embodied robotics last year. This was capped off at the end of last year when we rolled out our 5,000 th mass-produced humanoid robots. This milestone, along with others, puts AGIBOT in a strong position as we start 2026,” said Deng Taihua, Founder, Chairman, and CEO of AGIBOT. “Today’s AGIBOT launch event in Malaysia is an example of our commitment to bring mass production and the practical use of embodied robotics to customers in this region.”
The event also marked the opening of Malaysia’s first AI & Robotics Experience Centre, the AI World Experience Centre at i-City, in partnership with property developer I-Berhad. The centre was officiated by the Minister of Science, Technology and Innovation (MOSTI), YB Chang Lih Kang, and will showcase deployments across property, hospitality and tourism, alongside an added focus on wellness and longevity.

Instapay Taps Alibaba Cloud

Kuala Lumpur, Jan 12: Alibaba Cloud announced a collaboration with Instapay Technologies to expand access to secure and inclusive financial services for Malaysia’s workforce, particularly unbanked blue-collar workers, by deploying Instapay’s platform on Alibaba Cloud’s local infrastructure.
Alibaba Cloud said the move enables Instapay to scale faster, launch services quicker and maintain uptime during demand surges, while supporting compliance readiness and improving operational resilience and cost efficiency. Instapay provides an e-wallet and prepaid Mastercard to support payroll management for unbanked and underbanked workers, including migrant workers, by digitalising payroll and enabling safer remittance.
“We are proud to collaborate with Instapay to bring their mission of financial inclusion to life through our advanced cloud technology,” said Choong Hon Keat, General Manager of Malaysia, Alibaba Cloud Intelligence International. “By utilising our secure, scalable infrastructure and cutting-edge cloud computing technologies, Instapay is empowering unbanked and underserved communities with greater access to digital financial services. This partnership reflects not only the strength of Alibaba Cloud’s solutions, but also our commitment to enabling meaningful digital transformation that positively impacts lives and livelihoods.”, he added.
“Our collaboration with Alibaba Cloud has been a game-changer, enabling us to close critical gaps in cybersecurity, data sovereignty, and scalability, while ensuring compliance with Malaysia’s stringent regulations like RMiT,” said Rajnish Kumar, Co-founder and CEO of Instapay Technologies Sdn Bhd.