Exchanges & Software Archives - Page 3 of 25

Solar District Cooling Group Berhad Commences Trading on ACE Market with Strong Opening Price of RM0.500

Solar District Cooling Group Berhad (“SDCG”) proudly marked its debut today on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). The shares opened at RM0.500 per share, reflecting robust market confidence and achieving a significant 31.6% premium over the IPO price of RM0.380 per share.

1. Ms. Wong Poh May, Independent Non-Executive Director, Solar District Cooling Group Berhad; 2. Mr. Wong Kei Fai, Independent Non-Executive Director, Solar District Cooling Group Berhad; 3. YM Raja Nor Azlina Binti Raja Azhar, Independent Non-Executive Director, Solar District Cooling Group Berhad; 4. Mr. Edison Kong, Managing Director, Solar District Cooling Group Berhad; 5. Mdm. Eileen Liuk, Executive Director, Solar District Cooling Group Berhad; 6. Ir. Dr. Khairul Azmy Bin Kamaluddin, Independent Non-Executive Chairman, Solar District Cooling Group Berhad; 7. ⁠Mr. Chew Sing Guan, Managing Director, Mercury Securities Sdn. Bhd.[L-R] — 1. Ms. Wong Poh May, Independent Non-Executive Director, Solar District Cooling Group Berhad
2. Mr. Wong Kei Fai, Independent Non-Executive Director, Solar District Cooling Group Berhad
3. YM Raja Nor Azlina Binti Raja Azhar, Independent Non-Executive Director, Solar District Cooling Group Berhad
4. Mr. Edison Kong, Managing Director, Solar District Cooling Group Berhad
5. Mdm. Eileen Liuk, Executive Director, Solar District Cooling Group Berhad
6. Ir. Dr. Khairul Azmy Bin Kamaluddin, Independent Non-Executive Chairman, Solar District Cooling Group Berhad
7. ⁠Mr. Chew Sing Guan, Managing Director, Mercury Securities Sdn. Bhd.[L-R]

SDCG and its subsidiaries (“Group”) are principally involved in the provision and maintenance of BMS, solar thermal systems and energy saving services. The Group has a proven track record of enhancing energy efficiency across healthcare, hospitality and industrial sectors. SDCG Group is involved in providing energy performance services to the concession companies that are providing hospital support services for public hospitals. The concessionaires engaged SDCG Group as a subcontractor to carry out energy efficiency work related to the installation of hybrid solar thermal hot water systems, and for some contracts, retrofitting of fluorescent lighting of LED lighting.

SDCG Group was listed under the stock name “SDCG” today with the stock code “0321.”

With a track record in providing Building Management System (“BMS”) and solar thermal systems, SDCG is an established player in the fields of BMS and solar thermal hot water systems backed by 17 years of industry experience. The Group’s solutions and dedication to sustainability have played a role in enhancing energy efficiency for its clients and supporting their environmental, social, and governance (“ESG”) objectives, including reducing carbon footprints and improving operational efficiency.

The successful initial public offering of Solar District Cooling Group Berhad raised approximately RM45.1 million, allocated as follows: RM1.9 million for the expansion of headquarters in Kajang, Selangor; RM5.0 million for tender bonds and/or performance bonds for future projects; RM18.7 million for the purchase of materials for BMS segment, and solar thermal systems and energy-saving services segment; RM12.7 million for working capital requirements; RM2.5 million for capital expenditure and RM4.3 million for payment of listing expenses.

Independent Non-Executive Chairman of Solar District Cooling Group Berhad, Ir. Dr. Khairul Azmy Bin Kamaluddin stated, “Today marks a pivotal milestone in Solar District Cooling Group Berhad’s journey. This successful listing on the ACE Market of Bursa Malaysia is a testament to the hard work and dedication of our team. We are excited to enter this new chapter, where we will continue to focus on advancing our Building Management Systems and solar thermal systems, enhancing energy efficiency, and promoting environmental stewardship.”

He also added, “With this listing, we are well-positioned to accelerate our expansion plans, particularly in solar photovoltaic offerings, and to strengthen our capacity to bid for larger and more complex projects. Our commitment to sustainability will guide us as we seize new opportunities and create lasting value for our shareholders and stakeholders.”

Mercury Securities Sdn. Bhd. is the Principal Adviser, Sponsor, Underwriter, and Placement Agent for this IPO exercise.

ABOUT SOLAR DISTRICT COOLING GROUP BERHAD

Solar District Cooling Group Berhad (SDCG) and its subsidiaries (the “Group”) is an established provider of building management systems (BMS) and solar thermal systems in Malaysia. The Group specialises in the design, installation, and maintenance of BMS and solar thermal systems, serving diverse sectors including commercial, institutional, and industrial properties. With a commitment to sustainability, SDCG has earned a reputation for excellence in BMS and solar thermal systems. For more information, visit www.sdc.my

Issued By: Swan Consultancy Sdn. Bhd. on behalf of Solar District Cooling Group Berhad

For more information, please contact:
Jazzmin Wan
Tel: +60 17-289 4110
Email: j.wan@swanconsultancy.biz

William Yeo
Tel: +60 16-213 2103
Email: w.yeo@swanconsultancy.biz

Toronto Stock Exchange Unveils the 2024 TSX30, Recognizing the Companies Powering Canada’s Economy

Toronto Stock Exchange (TSX) today announced its sixth annual TSX30®, a ranking of the top 30 performing companies based on dividend-adjusted share price performance over a three-year period. The 2024 list underscores how these companies are driving advancements in sectors such as energy, electrification, and critical minerals, while delivering strong investor returns and shaping Canada’s economy.

Topping the 2024 TSX30 is Hammond Power Solutions Inc. (TSX:HPS.A), a company that enables electrification through its broad range of dry-type transformers, power quality products, and related magnetics, with a dividend-adjusted share price that has increased 928% over the past three years. Collectively, TSX30 companies represent over $380 billion in market capitalization, having added an impressive $210 billion during that period — nearly a quarter of a trillion dollars in value creation — while achieving an average dividend-adjusted share price appreciation of 234%.

“This year’s TSX30 reflects the leadership and innovation of Canadian companies as Canada transitions to a cleaner energy future,” said Loui Anastasopoulos, CEO, Toronto Stock Exchange. “These top performers are shaping the future of Canada’s economy and ensuring our strengths in energy and mining align with the emerging technology sector to keep Canada competitive on the global stage.”

Adrian Thomas, CEO, Hammond Power Solutions, added, “Being named the top company in the 2024 TSX30 underscores both our commitment to driving progress in the energy sector and our team’s ability to adapt and thrive in dynamic markets. We are proud to play a role in the energy transition space and strive to meet the evolving needs of a changing world.”

Sector leadership: Interconnected industries driving growth

The 2024 ranking is dominated by three sectors – Oil & Gas, Industrial Products & Services, and Mining – accounting for 25 of the 30 companies on the list. This strong representation reflects the interconnected nature of these industries and their continued contributions to Canada’s economic prosperity, particularly as Canada navigates energy security in the current environment and the transition to cleaner sources of energy.

Energy: Balancing security and innovation

Energy companies feature prominently on the 2024 TSX30, representing over half of the issuers. Amid global geopolitical tensions, these companies play an important role in ensuring a reliable energy supply. Athabasca Oil Corp. (TSX: ATH), for example, is a notable contributor to current energy needs while reducing the carbon intensity of its operations through transformational technologies.

Industrials and mining: Supporting the energy transition

The Industrial Products & Services sector, which includes companies like Hammond Power Solutions, can provide support and infrastructure for energy transition and electrification projects. The Mining sector is also growing, driven by demand for critical minerals needed for electric vehicles (EVs), batteries, and low-carbon and renewable energy. Half of this year’s TSX30 mining companies focus on base metals crucial for these technologies. Cameco Corporation (TSX: CCO), a uranium production company and a pure-play investment in the growing demand for nuclear energy, has seen renewed interest, underscoring the importance of critical minerals in the shift to a low-carbon economy.

Technology: Catalyst for navigating energy transition

Technology companies are a driving force behind the growth across energy and related industrial sectors. Celestica Inc. (TSX: CLS), a company that offers solutions for grid stability and EV infrastructure, ranked second in the 2024 TSX30. Celestica’s 706% dividend-adjusted share price increase emphasizes the importance of technology in helping navigate the transition to a lower-carbon future.

Investor trends: A shift towards value investing

The 2024 TSX30 indicates a changing investor focus from growth investing to value investing, with a preference for companies with positive cash flow and a history of consistent dividends. Nearly two-thirds (63%) of the 30 companies paid dividends, averaging a 2.8% yield. This is significantly higher compared to the eight dividend-paying companies on the 2021 TSX30, which had an average yield a full percentage point lower. This trend reflects the appeal of stable, cash-generating companies in a volatile market.

Other highlights from the 2024 ranking include:

– Graduations from TSX Venture Exchange (TSXV) to TSX: Nine of this year’s TSX30 companies graduated from TSXV, showcasing how this unique two-tiered ecosystem can nurture emerging businesses in growing their market capitalization and investor exposure.

– Representation on leading indices: 17 of the companies are included on either the S&P/TSX Composite Index* or S&P/TSX 60 Index*, enhancing their visibility among investors globally.

– Consistent performers: 14 of the 2024 TSX30 companies have appeared in previous TSX30 rankings (since 2019), with their collective dividend-adjusted share prices up 210% and market capitalization rising 147% during that time.

For detailed results and further information about the ranking methodology, visit www.tsx.com/tsx30.

The 2024 TSX30 ranking:

Ranking	Company Name	Ticker	Three-year dividend-adjusted share price performance
1	Hammond Power Solutions Inc.	HPS.A	928%
2	Celestica Inc.	CLS	706%
3	Athabasca Oil Corporation	ATH	429%
4	CES Energy Solutions Corp.	CEU	335%
5	TerraVest Industries Inc.	TVK	289%
6	NuVista Energy Ltd.	NVA	257%
7	Bird Construction Inc.	BDT	245%
8	MEG Energy Corp.	MEG	226%
9	Secure Energy Services Inc.	SES	216%
10	International Petroleum Corporation	IPCO	215%
11	China Gold International Resources Corp. Ltd.	CGG	208%
12	Fairfax Financial Holdings Limited	FFH	202%
13	Bombardier Inc.	BBD.B	200%
14	Cameco Corporation	CCO	186%
15	Computer Modelling Group Ltd.	CMG	184%
16	Mattr Corp.	MATR	183%
17	Imperial Oil Limited	IMO	167%
18	ARC Resources Ltd.	ARX	154%
19	Canadian Natural Resources Limited	CNQ	152%
20	PHX Energy Services Corp.	PHX	152%
21	Filo Corp.	FIL	144%
22	Obsidian Energy Ltd.	OBE	142%
23	Cenovus Energy Inc.	CVE	141%
24	Teck Resources Limited	TECK.B	140%
25	Olympia Financial Group Inc.	OLY	139%
26	Vitalhub Corp.	VHI	136%
27	Dynacor Group Inc.	DNG	136%
28	Spartan Delta Corp.	SDE	135%
29	Cardinal Energy Ltd.	CJ	134%
30	Alamos Gold Inc.	AGI	134%

Source: All data is sourced from TSX/TSXV Market Intelligence Group analysis. Based on historical dividend-adjusted share prices from S&P Capital IQ as at June 30, 2024.

*The S&P/TSX Composite Index and the S&P/TSX 60 Index (the “Indices”) are the products of S&P Dow Jones Indices LLC (“SPDJI”) and TSX Inc. (“TSX”). Standard and Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and TSX® is a registered trademark of TSX. SPDJI, Dow Jones, S&P and TSX do not sponsor, endorse, sell or promote any products based on the Indices and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions or interruptions of the Indices or any data related thereto.

About TMX Group (TSX: X)

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TMX Trayport and TMX VettaFi, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna. For more information about TMX Group, visit www.tmx.com. Follow TMX Group on X: @TMXGroup.

Copyright © 2024 TSX Inc. All rights reserved. Do not copy, distribute, sell or modify this press release without TSX Inc.’s prior written consent. This information is provided for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of the information contained in this article, and we are not responsible for any errors or omissions in or your use of, or reliance on, the information. This article is not intended to provide legal, accounting, tax, investment, financial or other advice and should not be relied upon for such advice. The information provided is not an invitation to purchase securities listed on Toronto Stock Exchange and/or TSX Venture Exchange. TMX Group and its affiliated companies do not endorse or recommend any securities referenced in this publication. TMX, the TMX design, TMX Group, Toronto Stock Exchange, TSX, TSX Venture Exchange, TSXV, The Future is Yours to See., and Voir le futur. Réaliser l’avenir. are the trademarks of TSX Inc. All other trademarks used in this article are the property of their respective owners.

For more information on the 2024 TSX30 program, please contact:

Cecely Roy
Senior Consultant
Hill & Knowlton
647-800-5883
cecely.roy@hillandknowlton.com

For more information on TMX Group, please contact:

Catherine Kee
Head of Media Relations
TMX Group
416-671-1704
catherine.kee@tmx.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222680

Legacy Secures Four Companies for US Listing

Legacy Corporate Advisory Sdn. Bhd. (“Legacy” or the “Company”), a financial services company that specialises in Initial Public Offerings (“IPO”), financial planning and funding solutions, is pleased to announce the signing ceremony with companies which are Neutral Transmission Malaysia Sdn. Bhd., I Bella Sdn. Bhd., Autoplay Group Sdn. Bhd. and AE Carbon Capital Ltd. on the United States (“U.S.”) Listing. These engagements mark a major step forward in pursuing a U.S. Listing, facilitated by Legacy as an IPO consultant.

1. Ms. Michelle Lee, Managing Director of AE Carbon Capital Ltd 2. Mr. Leopold Chew Wee Chet, Director of Neutral Transmission Sdn. Bhd. 3. Dr. Mohamed Bin Awang Lah, Founder & CEO of Neutral Transmission Malaysia Sdn. Bhd. 4. Mr. Ted W.Teo, Chief Representative of East West Bank 5. Mr. Nelson Goh, Managing Director of Legacy Corporate Advisory Sdn. Bhd. 6. Mr. Jeremy Tan, Chief Executive Officer of Tiger Fund Management 7. YBhg. Dato' Victor Hoo, Executive Chairman & Chief Executive Officer of VCI Global Limited 8. Ms. Shermine Then, Founder & CEO of I Bella Sdn Bhd[L-R] — 1. Ms. Michelle Lee, Managing Director of AE Carbon Capital Ltd
2. Mr. Leopold Chew Wee Chet, Director of Neutral Transmission Sdn. Bhd.
3. Dr. Mohamed Bin Awang Lah, Founder & CEO of Neutral Transmission Malaysia Sdn. Bhd.
4. Mr. Ted W.Teo, Chief Representative of East West Bank
5. Mr. Nelson Goh, Managing Director of Legacy Corporate Advisory Sdn. Bhd.
6. Mr. Jeremy Tan, Chief Executive Officer of Tiger Fund Management
7. YBhg. Dato’ Victor Hoo, Executive Chairman & Chief Executive Officer of VCI Global Limited
8. Ms. Shermine Then, Founder & CEO of I Bella Sdn Bhd[L-R]

Legacy provides comprehensive IPO advisory services, including pre-IPO investments, IPO financing, and corporate advisory. Legacy aims to guide these companies in their U.S. Listing exercise, with the entire listing process anticipated to take between 12 months to 18 months. The services include overseeing the capital structure, coordinating the listing process, and developing detailed capital market strategies.

This signing ceremony highlights Legacy’s commitment to guiding the companies through U.S. market entry and establishing a strong global presence. With Legacy’s IPO expertise and network, these companies will be well-equipped to navigate the complexities of the U.S. market, unlock growth opportunities, and attract global investors.

Mr. Nelson Goh, Managing Director of Legacy Corporate Advisory Sdn. Bhd. said, “This engagement marks a significant milestone in Legacy’s ongoing journey to support companies in their global market expansion. As the IPO consultant of these four esteemed companies, we are not only facilitating their U.S. Listing exercise but also strengthening Legacy’s commitment to delivering value through strategic guidance and innovation. Our expertise in IPO advisory and financial solutions will ensure a smooth entry into the U.S. market, laying the groundwork for sustained growth and future opportunities for all involved.”

He added, “The opportunities presented by this engagement are significant, not only for our clients but also for the Companies. This is more than just market expansion, this is about driving sustainable growth, exploring new markets, and continuously innovating. By aligning ourselves with companies that share our vision, we are creating a platform that fosters collaboration and success for all parties involved.”

Furthermore, this engagement sets the foundation for future growth. Our Company is well-positioned to explore additional growth opportunities within the region and globally. By continuing to strengthen its network of international collaborators, Legacy aims to unlock new business opportunities that align with its strategic vision.

Looking ahead, the company is committed to ensuring that this engagement not only meets but exceeds expectations. Through ongoing collaboration and a shared vision, the engagement will bring about meaningful change, opening doors to further innovations and breakthroughs in multiple sectors.

ABOUT LEGACY CORPORATE ADVISORY SDN. BHD.

Legacy Corporate Advisory Sdn. Bhd. (“Legacy” or the “Company”) is a leading financial services firm specialising in, Initial Public Offerings (“IPO”), financial planning, and funding solutions. With a commitment to innovation, strategic thinking, and determination, Legacy provides tailored financial solutions to clients across diverse industries and global markets. Our expertise spans pre-IPO investments, capital structuring, corporate advisory, and market-entry strategies, ensuring businesses are well-equipped to navigate complex financial landscapes. Headquartered in Malaysia, Legacy serves a global client base, helping businesses achieve sustainable growth and long-term success.

For more information, kindly visit: https://www.legacyadvisory.co/

Issued By: Swan Global Consultancy Sdn. Bhd. on behalf of Legacy Corporate Advisory Sdn. Bhd.

For more information, please contact:
Jazzmin Wan
Tel: +60 17-289 4110
Email: j.wan@swanconsultancy.biz

Aimee Tan
Tel: +60 16-512 0051
Email: a.tan@swanconsultancy.biz

Flexidynamic Sees Significant Turnaround in PBT by 277.62% for Q2 FY2024, Better Prospects Ahead

Flexidynamic Holdings Berhad (“Flexidynamic” or the “Company”), an established solutions provider for the rubber glove manufacturing industry, is pleased to announce its financial results for the second quarter ended 30 June 2024 (“Q2 FY2024”).

The Group recorded revenue of RM7.76 million for Q2 FY2024, reflecting a strategic shift as the Company capitalised on emerging opportunities in the recovering glove industry. While revenue showed a decline from RM13.30 million in the corresponding quarter of the previous year (“Q2 FY2023”), primarily due to the completion of significant overseas projects in the prior year. Flexidynamic saw a robust increase in demand for repair and maintenance services, system upgrades, and equipment enhancements from its existing customers. This signals a positive market sentiment and the beginning of a rebound in the glove manufacturing sector.

Profit before taxation (“PBT”) for Q2 FY2024 was RM0.91 million, slightly lower than the RM0.93 million recorded in Q2 FY2023. However, the Company’s continued focus on cost management and operational efficiency has ensured sustained profitability. Notably, Profit After Tax (“PAT”) soared to RM0.98 million, a significant improvement compared to a Loss After Tax (“LAT”) of RM0.55 million in the same quarter last year, driven by the recognition of deferred tax assets from customer downpayments.

The comparison with the immediate preceding quarter (“Q1 FY2024”) further highlights Flexidynamic’s positive trajectory. Revenue surged from RM4.75 million in Q1 FY2024 to RM7.76 million in Q2 FY2024, while PBT experienced a remarkable 501.32% increase, rising from RM0.15 million to RM0.91 million. This strong performance underscores the Company’s ability to navigate a challenging environment and capitalise on the recovery in the glove industry.

Mr. Tan Kong Leong, Managing Director of Flexidynamic, commented on the results: “The second quarter of FY2024 marks a significant period of recovery for Flexidynamic as the glove industry shows early signs of resurgence. While the global oversupply of gloves persists, particularly due to the excessive capacity expansion during the Covid-19 pandemic, we are optimistic about the long-term prospects of the industry. Increased hygiene awareness, especially in emerging markets with low glove consumption, is expected to drive demand. Our strategic focus on operational efficiency and cost management has allowed us to effectively leverage this recovery, leading to a substantial increase in profitability.”

He added, “In addition to our core operations, we are pleased to announce our recent venture into gamma radiation sterilisation services in collaboration with Gammatech. This initiative not only serves our existing customers in the glove industry but also opens up new opportunities in sectors such as pharmaceuticals, food processing, and packaging. By offering these services, we are poised to expand our market reach and deliver even greater value to our shareholders.”

Since its inception in 2012, Flexidynamic has firmly established itself in the rubber glove manufacturing industry. The strategic acquisition of Flexidynamic Engineering Co. Ltd. in Thailand in 2018 has expanded its presence across Southeast Asia, supported by operational offices in Malaysia and Thailand and a manufacturing facility in Banting, Malaysia. The Group has also diversified into infrastructure projects, including a recent RM12.4 million contract for the water treatment plant and water intake at Loji Rawatan Air Chupak, Jajahan Gua Musang, Kelantan, which is expected to contribute positively to earnings. Furthermore, with the Group’s planned provision of sterilisation services using gamma radiation through Gammatech, its 51%-owned subsidiary, Flexidynamic is set to serve not only its existing glove industry customers but also expand into pharmaceuticals, food processing, and packaging sectors, leveraging its expertise to drive sustained growth and diversification.

ABOUT FLEXIDYNAMIC HOLDINGS BERHAD

Founded in 2012, Flexidynamic Holdings Berhad has established itself as a pivotal solutions provider in the rubber glove manufacturing sector, with a significant market presence in countries like Vietnam, Indonesia, and Sri Lanka, supported by strategic offices in Malaysia and Thailand. From its inception focusing on chlorination systems for powder-free glove production, Flexidynamic has expanded its product range and geographical footprint, particularly after the strategic acquisition of Flexidynamic Engineering Co. Ltd. in Thailand in 2018. This acquisition bolstered its support for overseas operations, mainly in the Southeast Asia region. With a relentless focus on innovation and a strong support base, Flexidynamic Group is poised for further growth, leveraging its expertise to venture into new markets and sectors.

For more information, visit https://flexidynamic.com/.

Issued By: Swan Consultancy Sdn. Bhd. on behalf of Flexidyanmic Holdings Berhad

For more information, please contact:
Jazmin Wan
Tel: +60 17-289 4110
Email: j.wan@swanconsultancy.biz

William Yeo
Tel: +60 13-213 2103
Email: w.yeo@swanconsultancy.biz

AGAPE ATP Corporation Addresses Recent Corporate Exercise and Strategic Developments

AGAPE ATP Corporation (NASDAQ: ATPC) (“ATPC” or “the Company”), is pleased to announce a series of significant updates reflecting its ongoing commitment to growth and sustainability.

Effective today, ATPC will implement a 1-for-20 reverse stock split of its shares of common stock, as previously disclosed in filings with the Securities and Exchange Commission. This strategic action aims to increase the market price per share, thereby meeting NASDAQ’s continued listing standards and ensuring the Company’s position on a globally recognized exchange. Additionally, the number of authorised shares of common stock will be reduced from 1,000,000,000 to 50,000,000.

Beyond the reverse stock split, ATPC is advancing several strategic initiatives aimed at strengthening its position and providing value to shareholders. The Company is planning to launch new products expected to enhance its financial outlook and market presence. The recent partnership with B&H Intec Solution Sdn. Bhd, which led to the formation of ATPC Green Energy Sdn. Bhd., has lined up a promising pipeline in its green energy sector. This venture is an important step in expanding the Company’s capabilities in sustainable energy solutions, aligning with its broader goals of supporting environmental sustainability.

Furthermore, ATPC is actively expanding its offerings in the wellness and senior care sectors. Cedar ATPC Sdn. Bhd. is poised to introduce a range of new wellness services designed to meet the growing demand for health and wellness solutions. At the same time, Sweet Home Senior Living Care Centre Sdn Bhd continues to thrive, delivering high-quality care services to address the needs of an aging population. These initiatives underscore the Company’s commitment to enhancing the quality of life and supporting sustainable development, which are core pillars of its business strategy.

Financially, the Company remains on solid footing, with a strong balance sheet and sufficient liquidity to support ongoing and future initiatives. ATPC is also exploring new opportunities in both domestic and regional markets, particularly in the areas of Wellness and Green Energy, as part of its strategy for sustainable growth.

The Company recognises the concerns of its investors regarding the reverse stock split and wants to assure them that these actions are part of a broader strategy to ensure long-term stability and growth. While short-term market dynamics can be influenced by various factors, including geopolitical events and economic shifts, ATPC is confident in the underlying strength of the markets in which it operates and its strategic positioning within them. The management team is closely monitoring market conditions and remains prepared to take swift, decisive actions to protect and enhance shareholder value.

Solar District Cooling Group Berhad Aims to Raise RM45.09 Million from ACE Market IPO

Solar District Cooling Group Berhad (“SDCG”) is pleased to announce the launch of its prospectus for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). The IPO represents a significant milestone in the company’s growth trajectory, allowing SDCG to expand its operations and strengthen its market position in building management system (“BMS”) and solar thermal systems and energy saving services.

1. Mr. Chris Lai Ther Wei, Head of Capital Markets, Mercury Securities Sdn. Bhd.; 2. Mr. Chew Sing Guan, Managing Director, Mercury Securities Sdn. Bhd.; 3. Mr. Edison Kong, Managing Director, Solar District Cooling Group Berhad; and 4. Mdm. Eileen Liuk, Executive Director, Solar District Cooling Group Berhad[L-R]

Mr. Chris Lai Ther Wei, Head of Capital Markets, Mercury Securities Sdn. Bhd.
Mr. Chew Sing Guan, Managing Director, Mercury Securities Sdn. Bhd.
Mr. Edison Kong, Managing Director, Solar District Cooling Group Berhad
Mdm. Eileen Liuk, Executive Director, Solar District Cooling Group Berhad[L-R]

1. Mr. Wong Kei Fai, Independent Non-Executive Director, Solar District Cooling Group Berhad; 2. Ms. Wong Poh May, Independent Non-Executive Director, Solar District Cooling Group Berhad; 3. Mr. Chris Lai Ther Wei, Head of Capital Markets, Mercury Securities Sdn. Bhd.; 4. Mr. Chew Sing Guan, Managing Director, Mercury Securities Sdn. Bhd.; 5. Mr. Edison Kong, Managing Director, Solar District Cooling Group Berhad; 6. Mdm. Eileen Liuk, Executive Director, Solar District Cooling Group Berhad; 7. Ir. Dr. Khairul Azmy Bin Kamaluddin, Independent Non-Executive Chairman, Solar District Cooling Group Berhad and 8. YM Raja Nor Azlina Binti Raja Azhar, Independent Non-Executive Director, Solar District Cooling Group Berhad

Mr. Wong Kei Fai, Independent Non-Executive Director, Solar District Cooling Group Berhad
Ms. Wong Poh May, Independent Non-Executive Director, Solar District Cooling Group Berhad
Mr. Chris Lai Ther Wei, Head of Capital Markets, Mercury Securities Sdn. Bhd.
Mr. Chew Sing Guan, Managing Director, Mercury Securities Sdn. Bhd.
Mr. Edison Kong, Managing Director, Solar District Cooling Group Berhad
Mdm. Eileen Liuk, Executive Director, Solar District Cooling Group Berhad
Ir. Dr. Khairul Azmy Bin Kamaluddin, Independent Non-Executive Chairman, Solar District Cooling Group Berhad
YM Raja Nor Azlina Binti Raja Azhar, Independent Non-Executive Director, Solar District Cooling Group Berhad

Following the IPO exercise, SDCG is expected to raise RM45.09 million via the issuance of 118.67 million shares at the issue price of RM0.38 per share. The proceeds will be allocated in the following manner:

RM1.90 million for the expansion of headquarters in Kajang, Selangor;
RM5.00 million for tender bonds and/or performance bonds for future projects;
RM18.70 million for the purchase of materials for BMS segment, and solar thermal systems and energy-saving services segment;
RM12.67 million for general working capital;
RM2.52 million for capital expenditure, including new equipment for BMS, installation and maintenance of solar thermal hot water systems, and purchasing ICT software and services; and
RM4.30 million for estimated listing expenses.

Applications for the IPO will open at 10:00 a.m. today, following the prospectus launch, and will close on 6 September 2024. SDCG is scheduled to list on the ACE Market on 19 September 2024. At the IPO price of RM0.38 per share, the market capitalisation of the company upon listing will be RM161.05 million.

Managing Director of SDCG, Mr. Edison Kong commented, “This IPO represents a significant milestone in Solar District Cooling Group Berhad’s journey. Since 2008, we have been driven by a commitment to innovation, efficiency, and sustainability. Our focus on delivering Building Management Systems and solar thermal technologies has helped us enhance energy efficiency and promote environmental stewardship. With this listing, we look forward to embracing new opportunities and setting new standards in our business. I am deeply grateful to our team, clients, and partners for their continued trust and support.”

Head of Capital Markets of Mercury Securities Sdn Bhd, Mr. Chris Lai Ther Wei stated, “We would like to congratulate the Board and the entire team of Solar District Cooling Group Berhad on the successful launch of your IPO prospectus. Well done for reaching another milestone in your corporate journey.”

Mercury Securities Sdn. Bhd. is the Principal Adviser, Sponsor, Sole Underwriter, and Sole Placement Agent for SDCG.

MClean Technologies Reports Strong 177% Growth in Profit Before Tax for Q2 FY2024

MClean Technologies Berhad (“MClean Technologies” or the “Company”), an established provider of precision cleaning and surface treatment solutions, is pleased to announce its financial results for the second quarter ended 30 June 2024 (“Q2 FY2024”). The Company has recorded its second consecutive profitable quarter in the financial year ending 31 December 2024 (“FY2024”), marking a significant turnaround in its financial performance.

Datuk Dr. Terence Tea Yeok Kian, the Executive Chairman and Managing Director of MClean Technologies BerhadFor Q2 FY2024, MClean Technologies reported revenue of RM15.5 million, a 30% increase compared to RM12.0 million in the same quarter last year (“Q2 FY2023”). This increase in revenue is largely attributed to stronger demand for the Company’s precision cleaning and surface treatment services. Notably, the Company achieved a profit before tax (“PBT”) of RM1.0 million, a substantial improvement from the loss before tax of RM1.1 million in Q2 FY2023, due to higher revenue in the current quarter and the successful implementation of cost management initiatives.Comparing to the immediate preceding quarter (“Q1 FY2024”), MClean Technologies recorded an 18% growth in revenue from RM13.1 million to RM15.5 million, driven primarily by increased demand for its precision cleaning services. In tandem with this revenue growth, the PBT of the Company surged by 177% in Q2 FY2024, compared to RM0.4 million PBT in Q1 FY2024.For the first six months of FY2024 (“6M FY2024”), MClean Technologies reported revenue of RM28.7 million, a 19% increase compared to RM24.0 million in the same period last year (“6M FY2023”), primarily due to stronger demand for precision cleaning and surface treatment services. The Company’s PBT for 6M FY2024 stood at RM1.3 million, marking a remarkable turnaround from the loss before tax of RM2.2 million in the corresponding period of FY2023. This growth underscores the consistent demand for MClean’s services, particularly in the Hard Disk Drive (HDD) and consumer electronics sectors.With the entry of the new substantial shareholder, Accrelist Crowdfunding Pte. Ltd., a wholly-owned subsidiary of Accrelist Ltd. (“Accrelist”), on 2 July 2024, which currently holds 28.5% stake in MClean Technologies, MClean Technologies aims to leverage on the strategic partnership opportunity that is presented by Accrelist’s extensive expertise in business transformation and growth.Accrelist, listed on the Catalist Board of the Singapore Exchange, is a diversified group with interests in medical aesthetics and injection moulding services, held through its subsidiary, Jubilee Industries Holdings Ltd, which is also listed on the Catalist. With the entry of this new shareholder, MClean Technologies is exploring various synergistic strategies to increase market share, expand customer and sector opportunities, and deepen cost-efficiency efforts through enhanced expertise and talent resource utilisation.Datuk Dr. Terence Tea Yeok Kian, Executive Chairman and Executive Director of MClean Technologies said, “We are very pleased with our performance in the second quarter of 2024, which marks our second consecutive profitable quarter in the current financial year. The strong financial results reflect the hard work and dedication of our team, as well as the strategic decisions we have made to enhance operational efficiency. The successful turnaround of the company demonstrates our commitment to building sustainable growth and profitability. Our focus remains on sustaining this positive momentum and achieving long-term profitability. We are particularly encouraged by the growth in demand for our HDD solutions in Malaysia and Thailand, and we will continue to leverage our strengths to deliver value to our shareholders.”Looking ahead, MClean is dedicated to maintaining its positive momentum and focusing on long-term profitability. The management team is confident that the Company’s strategic initiatives, combined with ongoing cost management efforts, will position MClean for continued success in the quarters to come.As of 27 August 2024, the share price of MClean Technologies had closed at RM0.29 as at 5:00 P.M., representing a market capitalisation of RM57.2 million.This press release should be read in conjunction with the full text of the announcement released by MClean Technologies on 27 August 2024 in relation to its interim financial statements for the quarter and six months ended 30 June 2024 which is available on the Bursa website.ABOUT MCLEAN TECHNOLOGIES BERHADMClean Technologies Berhad, is a leading provider of surface treatment, precision cleaning, and packaging services. The Company serves a diverse range of industries, including Hard Disk Drive, Consumer Electronics, and Oil & Gas. With operations in Malaysia, Singapore, and Thailand, MClean is committed to delivering high-quality and reliable services to its clients. For more information, visit http://www.mclean.com.sg/.For more information, please contact:Jazzmin WanTel: +60 17-289 4110Email: j.wan@swanconsultancy.bizStephanie ChowTel: +60 18-314 3933Email: s.chow@swanconsultancy.biz

Hektar REIT’s Q2 Realised Net Income Up 42.8% Backed by Enlarged and Diversified Asset Portfolio

Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (“Hektar REIT”) is pleased to announce the second quarter results for the financial year ending 30 June 2024 (“Q2 FY2024”), highlighting a significant improvement in financial performance driven by new revenue contribution from Kolej Yayasan Saad and effective operational management.

Sabrina Halim, Chief Operating Officer of Hektar Asset Management

In Q2 FY2024, Hektar REIT reported revenue of RM36.6 million, an increase of 34.4% compared to RM27.2 million in the preceding year’s corresponding quarter (“Q2 FY2023”) largely attributed to the rental income recognised from its newly acquired education asset, Kolej Yayasan Saad (“KYS”). Net Property Income (“NPI”) increased by 33.7% from RM15.5 million to RM20.7 million, and Net Realised Income surged by 42.8% to RM9.9 million in Q2 FY2024.

Hektar REITSummary of Financial Results for 2Q24Q2’ 2024RM’000Q2’ 2023RM’000Variance%Total Revenue36,55727,20734.4Nei Property Income (“NPI”)20,71315,42733.7Net Realised Income9,9336,95642.8

The quarter under review saw an encouraging rental reversion rate across all Hektar Malls with overall rental reversion recorded at 6.4%. On its tenancy expiry profile, a total of 28 renewals and new tenancies were secured which make up to 3.2% of the portfolio’s net lettable area. Cumulatively, a total of 62 renewals and new tenancies representing 259,676 sf of 12.7% of its retail portfolio’s net lettable area have been completed to-date with other expiring tenancies are currently in advanced negotiations stage, on track for conclusion by year-end.Supported by the strong financial performance, the Manager of Hektar REIT has declared an interim income distribution of 1.9 sen per unit for Q2 FY2024, totalling RM13.4 million. This translates to an annualised dividend yield of 6.4% based on the closing price of RM0.595 on 28 June 2024. The Income Distribution Reinvestment Plan (“IDRP”) will be applied, allowing unitholders to reinvest their dividends into new units. Unitholders are presented with this option to enhance their investments in Hektar REIT, in alignment to Hektar REIT’s capital growth and preservation objectives.As at Q2 FY2024, the overall occupancy rate at Hektar Malls was recorded at 87.2%. On the other hand, secured occupancy rate has further improved to 89.3% with tenants committed to open their doors to customers in the coming quarters. The encouraging numbers resulted from Hektar REIT’s enhance leasing strategies, continuous Asset Enhancement Initiatives (“AEI”) together with the strong retail industry outlook for the remaining half of 2024.To further extract values from its portfolio of retail assets, the Manager’s focus remains to be on Subang Parade’s overall repositioning. Urban Agenda Design Sdn Bhd was recently appointed as the lead architect for the rejuvenation project which covers Subang Parade’s interior and exterior facelifts to be implemented over three (3) years. Urban Agenda Design Sdn Bhd is an experienced party with extensive redevelopment portfolio ranging from REX KL, Semua House, The Five and Maximin Office (PJ). The management foresees improved occupancy levels, positive rental reversions, property valuation and increase in visitor traffic post-renovation works. The project is currently at the detailed design stage with the actual works on-site targeted to commence by Q1 2025.Sabrina Halim, Chief Operating Officer of Hektar Asset Management Sdn. Bhd. commented, “The positive results derived from the successful acquisition of our first non-retail asset marks a significant milestone in our diversification strategy. This strategic move not only broadens our portfolio but also enhances our resilience against market fluctuations. We believe that diversifying our asset base with high-quality, income-generating properties will provide a more stable revenue stream and reduce our dependency on retail assets alone.”She further added, “As we move forward, we are actively exploring further accretive opportunities that align with our long-term growth objectives, ensuring that we continue to deliver sustainable and attractive returns to our unitholders. Our commitment to optimising our asset portfolio and implementing prudent capital management practices will drive Hektar REIT’s growth and position us strongly in an increasingly competitive market environment.”The Manager recently announced the intention to double Hektar REIT’s portfolio size to RM3 billion by 2027. Presented by various opportunities, the Manager is carefully appraising the prospects for their financial feasibility, strength of income stream, growth potential and contribution to the portfolio’s blended returns. With a target of having a well-balanced portfolio, the Manager is focusing on its core which is underserved retail assets with value creation potential, while also eyeing for resilient assets such as education properties within the K-12 segment and light industrial properties. Meanwhile, the Manager is continuously enhancing the leasing and marketing initiatives at Hektar Malls, with pockets of minor AEIs implemented on-site to further enhance the value propositions of the shopping centres.ABOUT HEKTAR REAL ESTATE INVESTMENT TRUSTHektar Real Estate Investment Trust (“Hektar REIT”) is Malaysia’s first listed retail-focused REIT. The primary objectives of Hektar REIT are to provide unitholders with sustainable dividend income and to achieve a long-term capital appreciation of the REIT. Hektar REIT was listed on the Main Market of Bursa Malaysia Securities Berhad on 4 December 2006 and currently owns 2 million square feet of retail space in 4 states with assets valued at RM1.2 billion as at 31 December 2023. Hektar REIT is managed by Hektar Asset Management Sdn Bhd and the property manager is Hektar Property Services Sdn Bhd. Hektar REIT’s portfolio of diversified properties includes Subang Parade in Subang Jaya, Selangor; Mahkota Parade and Kolej Yayasan Saad in Melaka; Wetex Parade & Classic Hotel in Muar, Johor; Central Square in Sungai Petani, Kedah; Kulim Central in Kulim, Kedah and Segamat Central in Segamat, Johor. For more information, please visit www.HektarREIT.comFor more information or inquiries, please contact:

Hektar Asset Management Sdn BhdD1-U3-10, Solaris DutamasNo 1, Jalan Dutamas 150480 Kuala LumpurMalaysia Investor RelationsTel: +603 6205 5570Fax: +603 6205 5571Email: ir@HektarREIT.comWeb: www.HektarREIT.com

EPB Group Berhad Debut on the ACE Market with a 16.07% Premium Opening Price of RM0.65

EPB Group Berhad (“EPB”), and its group of companies (the “Group”), an established one-stop food processing and packaging machinery solutions provider, proudly made its debut today on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). The shares opened at RM0.65 per share, representing a significant 16.07% premium over the IPO price of RM0.56 per share.

1. Ms. Tan Poh Lin, Senior Vice President of Malacca Securities Sdn. Bhd.
2. Mr. Fok Chuan Meng, Head of Dealing of Malacca Securities Sdn. Bhd.
3. Mr. Stephen Chua Chee Keong, Independent Non-Executive Director
4. En. Noor Azman Bin Nordin, Independent Non-Executive Chairman
5. Mr. Liew Meng Hooi, Deputy Managing Director of EPB Group Berhad
6. Mr. Yeoh Chee Min, Managing Director of EPB Group Berhad
7. Ms. Ooi Kim Kew, Executive Director of EPB Group Berhad
8. Mr. Khor Chai Tian, Independent Non-Executive Director of EPB Group Berhad
9. Mr. Ooi Hun Pin, Independent Non-Executive Director of EPB Group Berhad
10. Mr. Wong Yoke Nyen, Director of WYNCORP Advisory Sdn, Bhd.[L-R]

EPB is listed under the stock name “EPB” with the stock code “0317”.

Specialising in the design, customisation, fabrication, integration, and automation of production lines, the Group is a recognised leader in the food processing and packaging machinery industry. The Group’s innovative technologies and dedication to operational efficiency have been crucial in enhancing the quality of food processing and packaging solutions, supporting clients’ environmental, social, and governance (“ESG”) goals, including improving operational efficiency and product quality.

The successful initial public offering of EPB raised RM40.08 million from the Public Issue, which will be allocated for the following: –

RM24.60 million towards factory expansion, including acquisition of land, construction of factory, and purchase of machinery;
RM3.00 million for the repayment of bank borrowings;
RM8.48 million for working capital purposes; and
RM4.00 million for listing expenses.

En. Noor Azman Bin Nordin, Independent Non-Executive Chairman, stated: “We are deeply appreciative of the overwhelming response to our IPO. This significant occasion marks a milestone for EPB, reflecting the hard work and dedication of our team and the market’s confidence in our vision and strategy. The increasing demand for automation and advanced machinery in the food processing and packaging sectors presents tremendous opportunities for us. With our listing, EPB is well-positioned to drive growth and innovation. Our plans include expanding our business footprint in Penang by building a new corporate office and a factory to enhance our production capabilities and provide additional warehousing space to meet future demand. We look forward to leveraging these opportunities to deliver greater value to our stakeholders.”

Ms. Lim Chia Wei, Managing Director of Malacca Securities Sdn. Bhd., shared: “The successful listing of EPB Group Berhad marks an important milestone for the company and highlights the strong prospects of the industry. The sector continues to evolve with increasing consumer demand for high-quality, efficient automated solutions for food processing and packaging. Concurrently, EPB Group’s strategic focus on technological advancements and customisation uniquely positions it to capitalise on these trends. We are excited to support EPB Group in leveraging these opportunities to drive growth and innovation in the food processing and packaging machinery industry.”

Malacca Securities Sdn. Bhd. is the Principal Adviser, Sponsor, Underwriter and Placement Agent, and WYNCORP Advisory Sdn. Bhd. is the Corporate Finance Adviser of EPB Group Berhad.

About EPB Group Berhad and its group of companies (“EPB Group”)

Since EPB Group Berhad (“EPB”) and its group of companies (the “Group”) inception in 1992, EPB Group has established itself as an experienced player in the food processing and packaging machinery industry in Malaysia. Starting with trading manual packaging machines, EPB Group has grown and diversified its offerings to include comprehensive solutions such as the design, customisation, fabrication, integration, and automation of production lines specifically for the food manufacturing and processing sectors. Additionally, EPB Group has expanded into trading of cellulose casings and manufacturing and trading of flexible packaging materials, enhancing its portfolio to cater to the dynamic needs of the food industry. Known for its dedication to innovation, customer-centric solutions, and operational excellence, EPB Group continues to strengthen its position in the market, driven by a commitment to advancing food processing and packaging technologies and expanding its presence both locally and regionally. For more information, visit https://epb.group/

Issued By: Swan Consultancy Sdn. Bhd. on behalf of EPB Group Berhad

For more information, please contact:
Jazzmin Wan
Tel: +60 17-289 4110
Email: j.wan@swanconsultancy.biz

Xinyi Ching
Tel: +60 19-337 9099
Email: x.ching@swanconsultancy.biz

Solar District Cooling Group Berhad Signs Underwriting Agreement with Mercury Securities Sdn Bhd for Its IPO on the ACE Market of Bursa Malaysia Securities Berhad

Solar District Cooling Group Berhad (“SDCG”) is pleased to announce that it has entered into an underwriting agreement with Mercury Securities Sdn Bhd (“Mercury Securities”) today for its upcoming initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad.