Category: Construct

Aneka Jaringan Awarded RM30.28 Million Melaka Project

  • Group to undertake bored piling works involving two serviced apartment blocks and one office block

Aneka Jaringan Holdings Berhad, a basement and foundation construction specialist, is pleased to announce that the Group has received a letter of award from Reliacon Sdn. Bhd. for bored piling works worth RM30.28 million related to a serviced apartment and office project located in Bandar Melaka.

Managing Director of Aneka Jaringan, Pang Tse Fui

The project involves bored piling works for one 41-storey block of serviced apartments, one 40-storey block of serviced apartments, one 15-storey office block, a seven-storey car park and one level of commercial space.

The project commences in May and is expected to take eight months to complete.

Managing Director of Aneka Jaringan, Pang Tse Fui said, “The Group is steadily getting jobs as we focus on our markets in Malaysia and Indonesia. This will replenish our order book and assist the Group in improving the topline and bottomline performance while contributing positively to the financial years ending 31 August 2023 (FYE2023) and 31 August 2024 (FYE2024).

“We will continue to seek projects from the government and private sectors of both Malaysia and Indonesia and are anticipating a strong pipeline of projects.”

Aneka Jaringan has an order book of RM137 million as of 30 November 2022, with Malaysian operations contributing RM124 million and Indonesian operations contributing RM13 million.

As of 31 March 2023, the Group’s tender book stood at RM1.19 billion, with tenders in Malaysia valued at RM1.12 billion and tenders in Indonesia valued at RM68 million.

Aneka Jaringan Holdings Berhad: 226 [BURSA: ANEKA], http://www.anekajaringan.com/

HostDime’s Colombia Data Center First in Latin America to Achieve EDGE Green Certificate

HostDime, a hyper-edge global data center company, is proud to announce its new Tier IV Colombia Data Center has received the EDGE (Excellence in Design for Greater Efficiencies) certificate, which is awarded to buildings that demonstrate resource efficiency of at least 20 percent in energy, water, and embodied energy in materials.

EDGE is a green building standard and a global certification system developed by the World Bank’s International Finance Corporation that certifies the design and resource efficiency of green buildings. EDGE is a measurable way for builders to optimize their designs to help create a sustainable future and provide better investment rates for HostDime and their clients.

HostDime’s Colombia “Nebula” Tier IV Data Center is the first data center in Latin America to meet these EDGE certification standards.

“We are very proud of obtaining the first EDGE Green Certificate in Latin America. Incorporating all these environmental features in our New Colombia Tier IV ‘Nebula’ Data Center allows us to operate one of the most sustainable data centers in the world. Our commitment is aligned with the broader data center industry’s ESG efforts. As we continue to build out our next-gen purpose built Tier IV Data Centers throughout Latin America, we will continue to adapt such sustainable features while also taking advantage of renewable energy sources,” says Edwin Tello, VP of HostDime Latin America.

Data centers account for an estimated 1% of worldwide electricity use, so the industry must be conscious of its responsibilities. ESG (environmental, social, and governance) considerations are crucial when designing, constructing, and operating purpose-built data centers. Taking ESG issues seriously maximizes operational efficiencies and reduces overall risks.

Power consumption can be used to measure data center efficiency. PUE (Power Usage Effectiveness) is the measurement of how efficiently a data center uses energy. The lower the PUE, the better. While HostDime achieves at or under 1.3 PUE in their constructed data centers, most providers have a PUE in the 1.6 or higher range. Bringing PUE down across the data center industry is an obtainable and worthwhile objective. HostDime’s purposeful use of power-efficient electrical components, modular POD footprints, hot aisle containment, highest efficiency chillers, and renewable energy use all correspond to a large reduction in annualized PUE.

HostDime continues to carry out additional actions to improve energy efficiency in its purpose-built facilities in Brazil, Mexico, Colombia, and the USA.

Last year, HostDime invested $1.2 million in the construction of a solar power plant to support the entire power infrastructure of their Joao Pessoa, Brazil, data center, as well as a planned 30% expansion.

This year, HostDime will open their flagship data center and headquarters in Orlando, Florida. The rooftop of this facility will feature high-density solar panels; up to 1MW of the facility’s 5MW will be powered by the sun. Taking advantage of the Florida sun will reduce operating costs, lock-in energy costs, and decrease their carbon footprint.

“We are constantly evolving our data center designs and best practices to create energy efficiencies so that we can build and operate facilities that positively impact future generations.” – David Vivar, HostDime’s VP of Global Engineering.

HostDime’s green initiatives solidifies to their staff, customers, and the marketplace that ESG principles are held to the highest importance. Designing and building an environmentally friendly green data center should be a pattern followed by every new data center worldwide. On this Earth Day, we must take a stand and take care of our resources that are not infinite; together, we can do it.

About HostDime:
HostDime is a hyper-edge global data center company operating our owned purpose-built data center facilities in Mexico, Brazil, Colombia, and our flagship facility in Florida, USA, and with owned networks in the UK, India, and Hong Kong. Our mission is to design, build, and operate purpose-built, next-gen data center facilities at the global edge.

We offer an array of core digital infrastructure products and services, including colocation (private data center suites, cages, racks), interconnection (cross-connects, peering, transit), Hardware-as-a-Service (bare metal servers, lease-to-own servers, hardware procurement), cloud infrastructure (private, hybrid, multi-cloud), and managed services (server management, remote hands, smart hands).

Contact Information:
Jared Smith
Director of Marketing
jared.s@hostdime.com
386-341-0855

SOURCE: HostDime

Former President of Worldwide Operations of Walt Disney Parks and Resorts Al Weiss Has Joined SKYX as a Senior Business Development Advisor

While serving as President of Worldwide Operations of Walt Disney Parks and Resorts, he oversaw Disney’s worldwide amusement parks, hotels-resorts, cruise lines, as well as products and experiences

SKYX Platforms Corp. (NASDAQ:SKYX) (d/b/a Sky Technologies) SKYX, a highly disruptive platform technology company with over 60 issued and pending patents globally with a mission to make homes and buildings become safe and smart as the new standard, announced today that Al Weiss, former President of Worldwide Operations of Walt Disney Parks and Resorts, has joined SKYX as a senior business development advisor. Mr. Weiss will assist the company with strategic business introductions, partnerships, and engagements in the U.S. and globally.

Prior to joining SKXY, Mr. Weiss had a distinguished 39-year career at The Walt Disney Company. Starting as an 18-year old cast member, he climbed the ranks holding several senior positions including President of Walt Disney World Resorts from 1994 – 2005, at which point he was appointed Disney’s Worldwide President of Operations. While serving as President of Worldwide Operations of Walt Disney Parks and Resorts, he oversaw Disney’s worldwide amusement parks, hotels-resorts, cruise lines, as well as products and experiences. Beyond Disney, Weiss has held various leadership positions, including Chairman of the Metro Orlando Economic Development Commission, Trustee at the University of Central Florida as well as Stetson University, and serving on the founding Board of Directors for Travel Promotion. In 2018, he launched Global Blockchain Ventures, a $100 million fund to invest in blockchain technology, where he serves as Chairman and General Partner.

Mr. Weiss said: “I am truly excited to join Rani, the SKYX team and their ‘movement’, as I strongly believe that the safety aspects and smart features of SKYX’s smart platform technologies are game changing and will become a new standard for safe and smart homes, buildings, hotels and even cruise ships.”

“We are happy and proud to announce that such a prominent business leader is joining the SKYX ‘movement’,” said Rani Kohen, Founder and Executive Chairman of SKYX Platforms. “In his new role, Mr. Weiss will assist the Company with strategic introductions, partnerships, and other engagements both in the U.S. and globally. I look forward to working closely with him to open new doors for SKYX in the quarters ahead.”

About SKYX Platforms Corp.
As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard.

SKYX Platforms Corp. (NASDAQ:SKYX) has a series of highly disruptive advanced-safe-smart platform technologies, with over 60 U.S. and global patents and patent pending applications. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at https://SKYXPlatforms.com or follow us on LinkedIn.

Forward-Looking Statements
Certain statements made in this press release are not based on historical facts, but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as “aim,” “anticipate,” “believe,” “can,” “could,” “continue,” “estimate,” “expect,” “evaluate,” “forecast,” “guidance,” “intend,” “likely,” “may,” “might,” “objective,” “ongoing,” “outlook,” “plan,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “target” “view,” “will,” or “would,” or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. Such forward-looking statements include statements such as that the safety aspects and smart features of SKYX’s smart platform technologies are game changing and will become a new standard for safe and smart homes, buildings, hotels and even cruise ships. These statements reflect the Company’s reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating to the Company’s ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its smart products and technologies, including commencement of presales, the Company’s efforts and ability to drive the adoption of Sky’s Smart Platforms into homes, buildings, cruise ships and communities and adoption by hotels, builders and architects, ability to capture market share, ability to execute on any sales and licensing opportunities, ability to achieve code mandatory status for the SkyPlug, risks arising from mergers and acquisitions, and other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.

Media Relations Contacts:
Britney Ouzts/Barbara Goldberg
O’Connell & Goldberg, Inc.
(754) 204-7074/ (954) 294-4677
bouzts@oandgpr.com / bgoldberg@oandgpr.com

Investor Relations Contact:
Lucas A. Zimmerman
MZ North America
(949) 259-4987
SKYX@mzgroup.us

SOURCE: SKYX Platforms Corp. dba Sky Technologies

SCIB Granted RM16.8 Million Contract for School Construction

  • Group leveraging on small-to-mid-sized projects niche to seek more opportunities

Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Company’s wholly owned subsidiary, SCIB Industrialised Building System Sdn. Bhd. (SCIBIBS), has been awarded an engineering, procurement, construction and commissioning (EPCC) subcontract valued at RM16.8 million from Majestika Sdn. Bhd.

Group Managing Director and Chief Executive Officer of SCIB, Rosland bin Othman

Majestika, the main contractor for the project, awarded the EPCC subcontract to SCIBIBS with a duration of 14 months for the construction of a school, Sekolah Kebangsaan Tambay, in Kota Samarahan, Sarawak.

Group Managing Director of SCIB, Encik Rosland bin Othman said, “We are pleased to announce that this project comes on the heels of having been awarded a project to rebuild a school in Serian, Sarawak that was announced earlier in the month valued at RM20.65 million. Our strengths and focus on small-to-mid-sized rural infrastructure projects have enabled us to build a strong portfolio that we can leverage on when seeking such projects.”

“SCIB offers EPCC services that are supported by our manufacturing arm, which is the leading precast concrete and IBS manufacturer in East Malaysia. We are actively pursuing projects for dilapidated schools in Sarawak and Sabah, which have been allocated RM920 million. This is on top of bidding for projects in both states, which have been allocated RM5.6 billion and RM6.5 billion respectively under the re-tabled Budget 2023.”

The Company’s share price as of 28 March 2023 is 0.125 sen with a market capitalisation of RM72.8 million. SCIB has an order book of RM388 million as of March 2023.

Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my

BuildTech Asia 2023 to focus on Digitalisation, Smart Building & Construction and Sustainability

BuildTech Asia (BTA), the leading platform for Asia Pacific’s building and construction industry, is back for its 12th edition from 28 – 30 March 2023. A Constellar event, BTA’s theme this year is “Transforming Tomorrow’s Built Environment”, presented with 48 local and regional industry associations and partners. BTA 2023 will feature over 100 onsite exhibitors from 15 countries and regions (almost a 40% expansion from last year) and an extensive line-up of conferences, sandboxes and product launches to better equip and future-proof the sector.

Countries and regions participating include Singapore, Australia, Cambodia, China, Finland, Germany, Hong Kong, India, Israel, Japan, Korea, Malaysia, Poland, Sweden, Taiwan and USA.

Official Launch of BCA – STAS Shared Services Providers (SSP) Scheme

Guest-of-Honour Senior Minister of State for Ministry of Communications and Information & Ministry of National Development Mr Tan Kiat How will officiate the opening of BTA 2023 with an opening address and the official launch of Specialists Trade Alliance of Singapore (STAS)’s Shared Services Registry, a significant milestone in STAS’s commitment to digitalising the Built Environment sector.

The adoption of Building Information Modelling (BIM) and Integrated Digital Delivery (IDD) is a key enabler of transformation in the Built Environment sector. It is a digital spine that links project stakeholders throughout the entire building lifecycle. The Shared Services Registry serves the BIM and IDD procurement needs of stakeholders, especially SMEs, in their digitalisation journey. The pilot was successful, and the Shared Services Registry will be scaled up to implement more rigorous quality checks and open up for public registration from Q3 2023.

Experience Tomorrow’s Built Environment in person

BTA 2023 will deep-dive into three dimensions of emerging technologies and solutions that are making an impact on industries today – Digitalisation, Smart Construction (Robotics & Automation) & Green Construction (Sustainability). To better demonstrate the utilisation of new technologies and solutions, BTA 2023 has curated and will be introducing two new experiential zones:

  • The Smart Construction Experience Zone, powered by Tractors Singapore Limited (TSL), a leading equipment dealer in Singapore distributing a full line of Cat® machines and engines such as the Excavator 320 and the Vibratory Soil Compactor CS11GC
  • The Robotics & Automation Experience Zone, featuring Singapore SMEs such as Doog International, who will be showcasing their user-friendly and highly scalable autonomous mobile robots such as “THOUZER”, a versatile robotic cart with a payload capacity of 120kg, a towing capacity of 300kg and equipped with Follow-Me and Memory Trace® Technology, developed to navigate challenging construction work sites and execute automated repetitive tasks

BTA 2023 will also welcome new companies offering their latest solutions, equipment and machinery for the sector:

  • Knauf Plasterboard Ptd Ltd: one of the world’s leading dry construction systems and solutions providers
  • Liugong Machinery Co., Ltd: 10th-largest construction equipment manufacturer by global market share and the world’s largest manufacturer of wheel loaders
  • Pee Huan Pte Ltd: authorised distributor for the HELI Forklift brand and has more than 20 years of experience in the material handling industry
  • Sany South East Asia Pte Ltd: 3rd-largest heavy equipment manufacturer globally and one of Singapore’s leading supplier offering sales, services and technical solutions in the crane industry
  • SquareDog Robotics Limited: who will be showcasing SQD-Robo Patrol, its cost-effective, multi-functional robot that provides 24/7 security patrol for the warehouse

BTA 2023 will also see returning key industry players such as Buildo Engineering Pte Ltd, Lingjack Digital Pte Ltd, PDS International Pte Ltd and SPC Industries Sdn Bhd, who are looking forward to showcasing how their latest equipment and solutions can meet evolving building and construction needs.

Bridging knowledge gaps and addressing industry challenges

BTA 2023 will also be launching its inaugural Built Environment Transformation Forum, where industry leaders and experts will be sharing about post-pandemic collaboration opportunities as well as trends and policies pivotal to the Built Environment Sector. Kicking off the forum is a fireside chat on sector transformation with Mr Heng Teck Thai, Deputy CEO (BuildSG Office) of the Building and Construction Authority (BCA).

BTA is also working with Asia Pacific Assistive Robotics Association (APARA), World of Safety and Health Asia (WSH Asia), Singapore Contractors Association Limited (SCAL), Association of Women in Construction (AWiCS), Singapore International Facility Management Association (SIFMA) and the exhibitors, to offer six half-day conferences and over 80 conference sessions, product launches and sandboxes on the latest industry developments, technology advancements and best practices for the sector.

Participants can expect insightful discussions on digitalising their operations, incorporating artificial intelligence or AI and robotics for smart construction, adopting sustainable practices, refreshing safety measures, and upgrading their knowledge in integrated facilities management. Sessions to look out for include:

  • The update on The Accreditation of Project Managers (APM) scheme by Mr Jonathan Shek, Chairman of the Society of Project Managers, aimed at enhancing standard of project management practice in Singapore’s built environment & construction industry
  • Improving measurement accuracy with 3D laser scanning by Mr Mika Honkavuori, Entrepreneur, RECURE
  • Establishing proper data preparation platforms to facilitate accurate retrieval of AI datasets by Mr Kevin Quah, Founder & CEO, Tictag

Propelling ahead with sustainability efforts

BTA 2023 is also the first event in Singapore EXPO to be piloting the sustainability measurements proof-of-concept under Singapore’s MICE Sustainability Roadmap with SACEOS to measure event waste and carbon emissions. Together with Singapore EXPO, BTA will be coordinating closely with its exhibitors, suppliers and partners to identify waste drivers and boundaries, and generate actionable insights for the industry to make informed decisions to achieve net zero by 2050. Singapore EXPO, managed by Constellar, also recently announced key investment projects towards achieving Net Zero by 2024.

“The pilot deployment of the sustainability measurements proof-of-concept at BTA 2023 will offer the Singapore MICE industry valuable insights and experience from diverse perspectives. These are especially important to Constellar as both an exhibition organiser and MICE venue operator, and will enable us to play a meaningful role in the MICE eco-system where collaboration with partners is the only way to reach the scale of impact needed,” said Mr Jean-François Quentin, Group Chief Executive Officer, Constellar.

BTA 2023 will be at Singapore EXPO Hall 3 from 28-30 March 2023.

About BuildTech Asia

BuildTech Asia is the Asia Pacific premier platform for the built environment sector which showcases the latest smart solutions and productive technologies across the entire building life-cycle. With international and regional brands showcasing the most comprehensive exhibiting profile such as onsite construction machinery & equipment, building materials & solutions, architectural & quality finishes, productive technologies, facilities management, and infrastructure solutions to help accelerate the built environment sector to build faster and smarter. The annual event provides a gateway into Asia to network with a wide range of practitioners, technology experts, industry players, developers, agents, and distributors in the building and construction industry.

About Constellar

Constellar connects a global eco-system of event partners and consumers through a holistic portfolio of intellectual property (IP) in the Meetings, Incentives, Conventions and Exhibitions (MICE) industry. As Asia’s partner of reference for curating innovative event and venue experiences, Constellar activates impactful networks to bring global markets, businesses and consumers together for sustainable growth. With our expertise and dedication, we are invested in helping you build trusted relationships with stakeholders for the long term and enabling cross-industry collaboration through world-class audience engagement solutions. Visit constellar.co for more information.

For more information, please contact:
Carine Lin
Manager, Communications & Culture
Email: carine.lin@constellar.co ; Mobile: 9336 3746


Acrometa to Expand to Thailand through MOU with Waste Management Company on Construction and Operation of Laboratory

ACROMETA Group Limited, an established specialist engineering service provider in the field of controlled environments serving mainly the healthcare, biotechnology, pharmaceutical, research and academia sectors, announced that it has entered into a Memorandum of Understanding (MOU) with a Thailand company whose principal activity is the provision of industrial waste disposal services.

The Thailand company provides non-hazardous waste disposal services. It owns and operates one of Thailand’s largest landfills and requires a laboratory in Thailand (“Laboratory”) for the testing and certification of solid waste and sludge to ensure proper treatment of any hazardous materials.

The MOU states the intention by the parties to jointly discuss and negotiate definitive agreements on:

1. The design and construction of the Laboratory by ACROMETA’s wholly-owned subsidiary Acromec Engineers Pte Ltd
2. The operation of the Laboratory by ACROMETA’s co-working laboratory space operator Life Sciences Incubator Pte Ltd (“LSI”)
3. Opportunities for ACROMETA and/or its subsidiaries to participate as a joint venture partner in the ownership of the Laboratory.

The MOU shall be valid for a period of six months from the date of signing with the option for extension by mutual agreement.

ACROMETA’s Future Economy + Synergy Strategy

On 20 February 2023, ACROMETA announced that it had entered into a binding letter of intent to purchase an additional 40% of the shares of LSI to become the controlling shareholder. On expected completion date, LSI will be a 70% owned subsidiary of ACROMETA.

ACROMETA Chairman Mr Levin Lee Keng Weng had said, “This potentially carves out a new promising mainstream business for us as controlled environment specialist.”

The co-working laboratory space business has strong growth potential as Singapore transforms its economy towards high-value sectors such as Biotech, Agritech, and Foodtech with more and more companies conducting research & development activities. Serving SMEs and start-ups and in particular those in the MedTech, Biotech, Biopharma, FoodTech, and Healthcare sectors, LSI provides flexible co-working laboratory spaces for their research and development. It also has synergy with ACROMETA’s core controlled environments design and construction business.

Chief Executive Officer Mr. Lim Say Chin had added, “Our wholly owned subsidiary Acromec Engineers, with its experience as builders of cutting-edge laboratories will continue to support LSI’s expansion with its controlled environments engineering expertise in Singapore and the region.”

On the MOU with the Thailand company, Mr. Lee said, “A future economy business such as the operation of co-working laboratory space plus its synergy with ACROMETA’s current core controlled environments design and construction has the potential to elevate the Group to a higher growth trajectory. It also opens the door for ACROMETA to scale its business, including expansion overseas.”

In its 20 February 2023 announcement, the Group also mentioned that it was in talks for the proposed development of a co-working laboratory space in Australia, with world-renowned co-working space operator who has in principle agreed, subject to binding agreement, to be one of the anchor tenants.

For a reference on ACROMETA’s controlled environments engineering business, newly-acquired co-working laboratory and its Future Economy + Synergy growth strategy please see: https://www.investor-one.com/editorial/22635-ACROMETA-Future-Economy–Synergy-Higher-Growth-Rate

Reference:
https://links.sgx.com/1.0.0/corporate-announcements/517KQ9GG6NX97RM4/339498d63b4046b7f328cb64347577597f5e686256a6a656d6b8ee4eb6d5126b
https://links.sgx.com/FileOpen/Acrometa%20-%20MOU_210323_Final.ashx?App=Announcement&FileID=750414

About ACROMETA Group Limited (SGX Stock Code: 43F)

ACROMETA (Previously known as ACROMEC Limited) is an established specialist engineering services provider with more than 25 years of experience in the field of controlled environments.

The Group has over the years acquired expertise in the design and construction of facilities requiring controlled environments such as laboratories, medical and sterile facilities and cleanrooms.

ACROMETA’s business is divided into three main business segments: (i) Engineering, procurement, and construction services, specialising in architectural, and mechanical, electrical and process works within controlled environments; (ii) Maintenance and repair services of facilities and equipment of controlled environments and their supporting infrastructure. (iii) Co-Working Laboratory business; currently operates a 6,500 sq feet co- working laboratory space at The German Centre in Singapore serving SMEs and start-ups.

The Group mainly serves the healthcare, biotechnology, pharmaceutical, research and academia, and electronics sectors. ACROMETA counts amongst its customers, hospitals and medical centres, government agencies, research and development companies or agencies, research and development units of multinational corporations, tertiary educational institutions, pharmaceutical companies, semiconductor manufacturing companies, and multinational engineering companies.

The company has been listed on the Catalist board of the Singapore Exchange since 2016.

For more information, please visit www.acrometa.com.

Media and Analysts Contact:
ACROMETA Group Limited
Mr. Jerry Tan
Chief Financial Officer
Tel: +65 6415 0574
Email: jerry.tan@acromec.com

Waterbrooks Consultants Pte Ltd
Mr. Wayne Koo
Tel: +65 6958 8008 / +65 9338 8166
Email: wayne.koo@waterbrooks.com.sg
Email: query@waterbrooks.com.sg

Proud Investor Relations partner: https://www.shareinvestorholdings.com/ and https://www.waterbrooks.com.sg/

This media release has been reviewed by the Company’s sponsor, Evolve Capital Advisory Private Limited (the “Sponsor”). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “Exchange”) and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr. Jerry Chua, 138 Robinson Road, #13-02 Oxley Tower, Singapore 068906, jerrychua@evolvecapitalasia.com.

SCIB Awarded RM20.65 million Project to Rebuild School

  • Group secures contract from JKR under Sarawak’s RM1 billion allocation for dilapidated schools

Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Group’s wholly-owned subsidiary, SCIB Industrialised Building System Sdn. Bhd., has secured an engineering, procurement, construction, and commissioning (EPCC) contract from Jabatan Kerja Raya Sarawak (JKR) valued at RM20.65 million for the rebuilding of Sekolah Daif in Tebedu, Serian.

En. Rosland bin Othman, Group Managing Director and Chief Executive Officer of SCIB

The contract has a duration of 24 months and comes under the third phase of the Sarawak government’s RM1 billion allocation for dilapidated schools.

Rosland bin Othman, Group MD and CEO of SCIB (Link) Group Managing Director of SCIB, Encik Rosland bin Othman said, “This project from JKR is part of the nationwide programme to rebuild or renovate dilapidated schools, especially in rural areas where children already face challenges from lack of infrastructure. The Group’s construction arm has lots of experience in operating EPCC projects while our background as a specialist in small-to-mid-sized rural infrastructure works covering roads to schools and hospitals ensures that we are well-versed in projects of this nature.”

“The Group will continue to seek projects where we can leverage our expertise as the leading precast concrete and IBS manufacturer in East Malaysia. There are opportunities for us under the recently re-tabled Budget 2023, in which Sarawak was allocated RM5.6 billion and Sabah allocated RM6.5 billion. We also note with interest the RM920 million set aside for dilapidated schools in both states.”

Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my

SCIB Posts Higher Revenue of RM66 Million in 1H FY2023

  • Manufacturing of precast concrete and IBS building materials continue to be profitable

Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Group’s revenue increased by 2.6% to RM66.3 million for the six months ended 31 December 2022 (1H FY2023) compared with RM64.6 million registered in the corresponding period of the previous financial year (1H FY2022).

En. Rosland bin Othman, Group Managing Director and Chief Executive Officer of SCIB

The Company recorded a narrower loss before tax (LBT) of RM3.7 million in 1H FY2023 compared with LBT of RM4.0 million in 1H FY2022.

For the second quarter ended 31 December 2022 (2Q FY2023), the Company’s revenue decreased 5.6% to RM36.0 million compared with RM38.1 million in 2Q FY2022, while LBT widened to RM2.8 million compared with RM1.3 million reported in 2Q of the previous financial year.

Revenue contribution from the manufacturing business increased 6.9% to RM45.7 million in 1H FY2023 compared with RM42.8 million in 1H FY2022, while revenue contribution from the engineering, procurement, construction, and commissioning (EPCC) business decreased marginally to RM20.2 million compared with RM21.4 million. For 2Q FY2023, the manufacturing business contribution to revenue decreased to RM21.6 million compared with RM23.7 million in 2Q FY2022, while EPCC business revenue contribution remained stable at RM14.0 million.

Group Managing Director of SCIB, Encik Rosland bin Othman said, “Our key manufacturing arm, the leading precast concrete and Industrialised Building System (IBS) producer in Sarawak and Sabah, continues to be the mainstay in terms of revenue contribution. Manufacturing saw an increase in profit before tax (PBT) to RM2.0 million in 1H FY2023 compared with RM0.3 million in 1H FY2022 while manufacturing PBT for the current quarter under review doubled to RM1.0 million compared with RM0.5 million in the corresponding quarter last year.”

“The Malaysian economy began 2023 with good momentum, as the economic outlook gradually improves following strong growth in 2022. The construction sector grew 8.8% for the whole of 2022 supported by all subsectors, with the civil engineering subsector turning around to positive growth of 2.7%. Based on these latest developments, we are cautiously optimistic and will continue to leverage on our strength as the leading precast and IBS manufacturer in Sarawak and Sabah complemented with our track record in EPCC projects to bid for jobs.”

As of January 2023, the Company has an order book of RM387.96 million with earnings visibility until 2026.

Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my

Southern Score Builders Posts RM59 Million Revenue in 2Q

  • Company is in a solid financial position to pursue growth with healthy cash and bank balances

Southern Score Builders Berhad (Bursa: SSB8, 0045), a provider of construction management services mainly for high-rise residential buildings, had announced today that the Group registered revenue of RM59.35 million for the second quarter ended 31 December 2022 (2Q FY2023).

Executive Director and Chief Executive Officer of Southern Score Builders, Gan Yee Hin

The Group recorded a loss before tax (LBT) of RM0.43 million in 2Q FY2023. The LBT recorded was mainly due to a one-off reverse acquisition expense amounting to RM14.63 million incurred as part of the regularisation plan which was completed on 9 November 2022. If not for the reverse acquisition expense, the Group would have recorded a profit before tax (PBT) of RM14.2 million in 2Q FY2023.

Due to the regularisation plan, there is no comparison with the corresponding quarter of the previous financial year.

For the six months ended 31 December 2022 (1H FY2023), Southern Score Builders registered revenue of RM110.47 million and PBT of RM9.46 million. The Group would have registered PBT of RM24.09 million for 1H FY2023 if not for the reverse acquisition expense incurred under the regularisation plan.

The Group remains in a solid financial position to pursue its growth and expansion plans, with cash and cash equivalents balance at the end of 1H FY2023 amounting to RM108.22 million.

Executive Director and Chief Executive Officer of Southern Score Builders, Gan Yee Hin said, “We are optimistic for the outlook of the Group based on the ongoing projects and the Group’s potential to secure new projects in the coming quarters. We believe the growth momentum of the domestic construction sector will continue after having expanded 8.8% in 2022 according to the latest figures from the Department of Statistics Malaysia.”

“The Group has participated in a number of public and private sector tenders and is also exploring opportunities in other projects that could yield long-term and sustainable revenue. The strategic focus remains expanding our construction services while leveraging on our expertise and business network. As part of the future plans, we are also venturing into the manufacturing of Industrialised Building System products as we see demand growing from the construction sector.”

“Taking into consideration the Group’s prospects, the Group is likely to achieve the targeted profit over the profit guarantee period which is a cumulative net profit guarantee of RM80.0 million over the three-year period from 2022 to 2024 provided by the vendor, Super Advantage Property Sdn Bhd under the regularisation plan. This guarantee is intact and well on target.”

In a separate announcement to the stock exchange, the Group’s Board of Directors declared an interim dividend of 1 sen per ordinary share for the financial year ending 30 June 2023 to be paid out on 18 April 2023 with an ex-date of 28 March 2023.

Southern Score Builders Bhd: 0045 [BURSA: SSB8], https://southernscore.com.my/

ACROMETA Acquires Controlling Stake in Co-Working Lab Space Company Life Science Incubator (LSI)

ACROMETA Group Limited [SGX: 43F], an established specialist engineering service provider in the field of controlled environments serving mainly the healthcare, biotechnology, pharmaceutical, research and academia sectors, has entered into a legally binding letter of intent (LOI) to purchase an additional 40% of the outstanding shares of Life Sciences Incubator Pte Ltd (LSI) for a total consideration of S$1.6 million payable in tranches, based on realization of agreed milestones in its immediate expansion plan. Upon completion of the purchase, the Group will control 70% of LSI, up from the current 30%.

LSI currently operates a 6,500 sq feet co-working laboratory space at The German Centre in Singapore serving SMEs and start-ups. Launched in September 2021, LSI at German Centre garners very healthy occupancy rates within a year of operations. Fueled by strong demand, as more and more companies conduct R&D to bring innovative products into the market, LSI is looking to expand in Singapore as well as in the region.

The additional stake will add another dimension of growth to the Group’s business as it becomes not only a builder of laboratories but also an operator of co-working laboratory space.

“This potentially carves out a new promising mainstream business for us as controlled environment specialist”, says ACROMETA Executive Chairman, Mr Levin Lee Keng Weng. Levin Lee added, “I am glad that ACROMETA, through LSI, can play a vital role in supporting the R&D of startups and SMEs, where their innovation and new discoveries will make the world a better place for us to live in. Our co-working laboratory spaces will make it easier for their dreams to come true.”

The co-working laboratory space business has strong growth potential locally as Singapore transforms its economy towards high-value sectors with more and more companies conducting research & development activities. Serving SMEs and start-ups and in particular those in the MedTech, Biotech, Biopharma, FoodTech, and Healthcare sectors, LSI provides flexible co-working laboratory spaces for their research and development.

With access to communal state-of-the-art specialized equipment, technologies and facilities as well as event and office spaces, this enables start-ups and SMEs to innovate and conduct their cutting-edge R&D without having to shoulder the prohibitive costs involved if they were to install such specialized infrastructure by themselves.

By collocating in The German Centre and working closely with them, LSI is also able to provide complementary office spaces and meeting rooms when needed, forming an ideal partnership of both co-working office and laboratory space. The German Centre is a worldwide network which supports businesses by providing offices with specialized co-working office space, advice and networking for startups and SMEs. It is renowned for its German DNA of efficiency and quality. Therefore, the Group is exploring further collaboration with The German Centre in the expansion plans of LSI.

“We have also strategized Australia as our first foray overseas for LSI and we are excited to be there, where we believe there is a sizeable market to capture for the co-working lab space business! We have found a suitable location and on grounds of confidentiality, we are in talks with a renowned global government-linked company who has in principle agreed, subject to a binding agreement, to be one of the anchor tenants for the proposed LSI Australia site,” said Levin Lee.

LSI’s co-working laboratory spaces business will provide the Group with another income stream that complements its controlled environments engineering business which is largely project based.

Chief Executive Officer Mr Lim Say Chin said, “Our wholly owned subsidiary Acromec Engineers, with its experience as builders of cutting- edge laboratories will continue to support LSI’s expansion with its controlled environments engineering expertise in Singapore and the region.”

This Media Release is to be read in conjunction with the announcement on SGXNet on 20 February 2023.

SGX Reference:
https://links.sgx.com/1.0.0/corporate-announcements/8K6I1R6WOZ24M4FK/ab8c8ef9ddf08cff61c306ff3ddc6f4ab713ea17cfdc85571c2c4058f9468862

About ACROMETA Group Limited [SGX: 43F] [BIC: ACRO:SP] [RIC: ACRO.SI]

ACROMETA (Previously known as ACROMEC Limited) is an established specialist engineering services provider with more than 25 years of experience in the field of controlled environments. The Group has over the years acquired expertise in the design and construction of facilities requiring controlled environments such as laboratories, medical and sterile facilities and cleanrooms.

ACROMETA’s business is divided into two main business segments: (i) Engineering, procurement, and construction services, specialising in architectural, and mechanical, electrical and process works within controlled environments; and (ii) Maintenance and repair services of facilities and equipment of controlled environments and their supporting infrastructure.

The Group mainly serves the healthcare, biotechnology, pharmaceutical, research and academia, and electronics sectors. ACROMETA counts amongst its customers, hospitals and medical centres, government agencies, research and development companies or agencies, research and development units of multinational corporations, tertiary educational institutions, pharmaceutical companies, semiconductor manufacturing companies, and multinational engineering companies.

The company has been listed on the Catalist board of the Singapore Exchange since 2016. For more information, please visit www.acrometa.com.

Media and Analysts Contact:
ACROMETA Group Limited
Mr. Jerry Tan
Chief Financial Officer
Tel: +65 6415 0574
Email: jerry.tan@acromec.com

Waterbrooks Consultants Pte Ltd
Mr. Wayne Koo
Tel: +65 6958 8008 / +65 9338 8166
Email: wayne.koo@waterbrooks.com.sg
Email: query@waterbrooks.com.sg

This media release has been reviewed by the Company’s sponsor, Evolve Capital Advisory Private Limited (the “Sponsor”). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “Exchange”) and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document. The contact person for the Sponsor is Mr. Jerry Chua, 138 Robinson Road, #13-02 Oxley Tower, Singapore 068906, jerrychua@evolvecapitalasia.com.