Kuala Lumpur News

Malaysia Gets AI Ready

PEOPLElogy Berhad has launched the “I’M AI READY” Movement, a national initiative aimed at preparing five million Malaysians for the AI economy by 2028.
The programme, launched during the company’s 25th anniversary celebrations, supports Malaysia’s digital transformation agenda under the Thirteenth Malaysia Plan and MyDIGITAL Blueprint.
PEOPLElogy said the initiative will focus on AI awareness, education and industry collaboration to improve workforce readiness, with students, professionals, entrepreneurs, civil servants and underserved communities among the target groups.
The company cited findings showing 87 per cent of Malaysian workers feel unprepared for AI disruption, while only 12 per cent of organisations have structured AI workforce readiness programmes.
Allen Lee, Founder and Managing Director of PEOPLElogy Berhad, said, “The AI economy is already reshaping industries, jobs, and workforce expectations globally. Through the ‘I’M AI READY’ Movement, we aim to ensure Malaysians are not left behind in this transformation.”
The movement will be rolled out over 36 months, with PEOPLElogy targeting 50,000 participants in the first phase before scaling to five million Malaysians by 2028.

Propel Launches Riverpoint Project

Propel Global Berhad has officially broken ground on its RM64 million Riverpoint development in Kuantan, marking the Group’s entry into the property development sector.
Developed by wholly-owned subsidiary Propel Global Development Sdn Bhd, Riverpoint is a riverfront commercial project comprising 31 three-storey freehold shoplots along Jalan Tanah Putih.
The development is strategically located near the iconic “Welcome to Kuantan” arch and is designed to cater to retailers, food and beverage operators, investors and business owners seeking high-visibility commercial premises.
Riverpoint is Propel Global Development’s maiden commercial property project and forms part of the Group’s diversification strategy beyond its traditional oil and gas and engineering businesses.
The company said the project benefits from Kuantan’s growing role as an East Coast economic hub, supported by infrastructure developments such as the East Coast Rail Link and the expansion of Kuantan Port.
Executive Director and Group Chief Executive Officer Angeline Lee said, “Riverpoint marks an important milestone in Propel Global’s strategic diversification journey and our expansion into property development.”
The development is expected to become a new commercial landmark in Kuantan while supporting the Group’s long-term growth ambitions and revenue diversification strategy.

HSS Holdings Debuts On ACE Market

Kuala Lumpur, June 23: Bakery products group HSS Holdings Berhad made its debut on the ACE Market of Bursa Malaysia today, with shares opening at RM0.18, in line with its IPO price of RM0.18.
The company trades under the stock name “HSSBAKERY” and stock code “0460”. With business roots dating back to 2004, HSS Holdings is involved in the sourcing, trading and manufacturing of bakery products, with a portfolio of more than 6,000 SKUs across cakes, biscuits, cookies and snacks under brands including SINAR®, 合顺成饼家® and Sa1ko®.
The IPO raised RM13.5 million in gross proceeds from the issue of 75 million new shares. The funds will go towards capital expenditure for its manufacturing facilities, repayment of bank borrowings, working capital and listing expenses.
HSS Holdings plans to install a new biscuit production line, enhance its cookies line, automate selected processes and add an automated cake production line to expand capacity and efficiency.
“Today’s listing marks an important milestone in HSS Holdings’ corporate journey. Over the years, we have built a solid foundation in the bakery products market through our broad product range, established distribution network and longstanding customer relationships. The funds raised through this IPO will allow us to strengthen our production capabilities, improve operational efficiency and support our continued growth,” Managing Director Goh Chen Chang said.
M & A Securities Sdn. Bhd. is the Principal Adviser, Sponsor, Underwriter, and Placement Agent for the IPO.

SumiSaujana Wins AGM Support

Kuala Lumpur, June 23: SumiSaujana Group Berhad has secured shareholder approval for all resolutions tabled at its Second Annual General Meeting (AGM), reinforcing support for the company’s governance framework and long-term growth strategy.
The AGM, held in Shah Alam, saw shareholders receive the audited financial statements for the financial year ended 31 December 2025, alongside the Directors’ and Auditors’ reports. Shareholders also approved directors’ fees and benefits, the re-election of Liang Kok Siang and Toh Chee Seng as directors, and the re-appointment of Crowe Malaysia PLT as auditors for the 2026 financial year.
In addition, shareholders approved a mandate allowing the company to issue and allot new ordinary shares of up to 10% of its issued share capital, providing flexibility to support future funding needs, investments, acquisitions and working capital requirements.
SumiSaujana said it remains focused on expanding its oil and gas specialty chemicals business through investments in facilities, research and development, sustainability initiatives and regional market expansion, while maintaining disciplined cost management and prudent capital allocation.

MClean Wins AGM Backing

Kuala Lumpur, June 23: MClean Technologies Berhad has secured shareholder approval for all resolutions tabled at its 16th Annual General Meeting (AGM), reinforcing support for the company’s growth strategy and capital management plans.
The AGM, held in Kuala Lumpur, saw shareholders receive the audited financial statements for the financial year ended 31 December 2025, together with the directors’ and auditors’ reports. Shareholders also approved the re-election of Muhammad Radzi Embong as a director and the payment of directors’ fees for the financial year ending 31 December 2026.
In addition, shareholders approved a mandate allowing the company to issue and allot shares of up to 10% of its issued share capital, providing flexibility for future fundraising, working capital requirements and investment opportunities. A new share buy-back authority was also approved, enabling the company to repurchase up to 10% of its issued and paid-up share capital, subject to market conditions and regulatory requirements.
The AGM follows a strong financial performance in FY2025, with revenue rising 15.04% year-on-year to RM70.54 million. Profit before tax increased 92.43% to RM12.33 million, while profit after tax climbed 88.70% to RM11.63 million, supported by improved operational efficiency and sustained demand for its precision cleaning and surface treatment services.
MClean said it remains focused on strengthening its core businesses in precision cleaning, surface treatment, plastic injection moulding and integrated support services, while pursuing sustainable growth across its operations in Malaysia, Singapore and Thailand.

PEOPLElogy Secures AGM Backing

Kuala Lumpur, June 23: PEOPLElogy Berhad has received shareholder approval for all resolutions tabled at its Second Annual General Meeting (AGM), reinforcing confidence in the company’s leadership, governance framework and long-term growth strategy.
The AGM, held in Kuala Lumpur, saw shareholders receive the audited financial statements for the financial year ended 31 December 2025, together with the directors’ and auditors’ reports. Shareholders also approved the payment of directors’ fees to non-executive directors and the re-election of Chua Kah Seng and Allen Lee Chin Min as directors of the company.
In addition, shareholders approved the re-appointment of Grant Thornton Malaysia PLT as auditors for the ensuing financial year and authorised the board to determine their remuneration.
A mandate allowing the directors to issue and allot shares under Sections 75 and 76 of the Companies Act 2016 was also approved, providing flexibility to support future investments, acquisitions, working capital requirements and other business opportunities.
PEOPLElogy said it remains focused on strengthening its digital workforce transformation ecosystem through its workforce development framework, digital learning solutions, talent development programmes and technology-enabled platforms. The company is also advancing its AI-powered workforce transformation capabilities through its partnership with Pulsifi, which is expected to enhance talent intelligence, workforce analytics and data-driven talent development solutions.
The company said rising demand for upskilling, reskilling and artificial intelligence adoption continues to support opportunities for growth, as organisations seek workforce transformation solutions to remain competitive in an increasingly digital economy.

SDCG Secures AGM Approval

Kuala Lumpur, June 23: Solar District Cooling Group Berhad (SDCG) has received shareholder approval for all ordinary resolutions tabled at its Third Annual General Meeting (AGM), reinforcing support for the company’s sustainable energy growth strategy and long-term business direction.
The AGM, held in Cheras, Selangor, saw shareholders receive the audited financial statements for the financial year ended 31 December 2025, together with the directors’ and auditors’ reports. Shareholders also approved directors’ fees and benefits for non-executive directors, as well as the re-election of Liuk Ing Hong, Wong Poh May and Liew Kong Fatt as directors of the company.
In addition, shareholders approved the re-appointment of Reanda LLKG International PLT as auditors for the ensuing year and authorised the board to determine their remuneration.
A mandate allowing the directors to issue and allot new shares of up to 10% of the company’s issued share capital was also approved, providing flexibility to fund future investment projects, working capital requirements and potential acquisitions.
SDCG said it remains focused on strengthening its position in building management systems, solar thermal systems, energy-saving services and solar photovoltaic solutions, supported by Malaysia’s growing emphasis on energy efficiency and renewable energy. The group is also advancing initiatives involving Internet of Things (IoT) and cloud-based technologies to help customers better monitor energy consumption and carbon emissions through real-time analytics.
The company added that its strategic partnership with Solarvest Holdings Berhad is expected to enhance access to broader green energy opportunities as it continues to expand recurring income streams and deliver long-term value to shareholders.

Betamek Launches Sanshin Facility

Kuala Lumpur, June 23: Betamek Berhad has marked the soft launch of Betamek Sanshin (M) Sdn. Bhd., a subsidiary aimed at strengthening customer engagement and supporting regional business expansion across Southeast Asia.
The facility was officially launched by Betamek Managing Director Mirzan Mahathir and Shenzhen Zhonghong Technology Co. Ltd. Co-Founder and Chief Executive Officer Su Jun.
Betamek said the launch represents another milestone in its strategy to enhance operational capabilities and expand its presence in regional and international markets. The new facility is designed to support closer collaboration with customers and business partners while creating opportunities for new partnerships and business development initiatives.
Sanshin is equipped with Licensed Manufacturing Warehouse (LMW) and International Procurement Centre (IPC) status, enabling the company to support cross-border manufacturing, sourcing and regional distribution activities. The capabilities are expected to improve supply chain flexibility, facilitate import and export processes and support businesses seeking to establish or expand operations in Malaysia and the wider ASEAN region.
The company said it will continue strengthening its operational capabilities and customer engagement initiatives while exploring opportunities to support regional business development and cross-border partnerships.