Category: Exchanges & Software

Jeff Cooperstein Named Kadena Business Development Lead, Digital Assets

R3 and State Street Leader With Over 30 Years of Financial Institutional Experience Joins Kadena

Kadena, the world’s only truly scalable Proof of Work blockchain, announces the appointment of former R3 executive and State Street Managing Director Jeff Cooperstein as the new Business Development Lead, Digital Assets.

Jeff Cooperstein Named Kadena Business Development Lead, Digital Assets
Jeff Cooperstein Named Kadena Business Development Lead, Digital Assets

Coopertstein comes to Kadena with over 30 years of leading financial services. At R3, he demonstrated success with financial service clients building on the R3 Corda private blockchain. Before his role at R3, he served as the Managing Director and Global Head of Non-Brokerage Services at State Street, where he significantly grew the business’ revenue and developed a robust market data solutions strategy. Cooperstein’s career includes key leadership positions at Wells Fargo and Thomson Reuters.

“Welcoming Jeff Cooperstein to Kadena is a strategic milestone. With his extensive experience working with blockchain and financial services, Jeff brings a wealth of knowledge and expertise that aligns perfectly with the next phase of our mission. It also highlights a transition as the institutions move from private blockchains to public blockchains. On behalf of our entire team, we are incredibly excited to see the innovative contributions he will bring to Kadena,” said Annelise Osborne, Chief Business Officer of Kadena.

Cooperstein added, “In the rapidly evolving landscape of digital assets, joining Kadena marks a pivotal moment in my career. The infinitely scalable and novel Proof of Work approach transcends the conventional limits of existing blockchains, uniquely positioning builders to transform the global financial systems. I see a horizon brimming with potential. We’re not just developing a platform; we’re architecting the future of finance where scalability meets security, and innovation knows no bounds. I am thrilled to steer our business development into this new era of enterprise-scale blockchain solutions.”

About Kadena
Kadena is a blockchain technology company founded in 2017 by Stuart Popejoy and Will Martino. Kadena is the industry’s only scalable layer-1 Proof of Work (PoW) blockchain. This scalability enables Kadena to deliver infrastructure-grade performance for any blockchain project. Along with our smart contract language Pact, Kadena’s platform provides the world with the tools and environment to turn ideas and ambitions into reality. Founded by Stuart Popejoy and William Martino, who created JP Morgan’s first blockchain and led the SEC’s Crypto Committee, Kadena aims to allow for true blockchain mass adoption.

Kadena LinkedIn
Kadena on X (formerly Twitter)
Kadena Discord

Contact Information
Kadena Press
press@kadena.io

SOURCE: Kadena

VCI Global Enters into AI Computing Alliance (AICA) Led by Enlight Corporation and Supermicro

VCI Global Limited (NASDAQ: VCIG) (Frankfurt: H0T) (VCI Global, VCIG, or the Company), an AI and technology aggregator, is thrilled to announce its entry into a groundbreaking AI Computing Alliance (AICA). This is a collaborative initiative led by Enlight Corporation (TWSE: 2438) (Enlight), and Super Micro Computer, Inc (NASDAQ: SMCI) (Supermicro) and other alliance partners including Fortinet, Inc. (NASDAQ: FTNT), UNIC Technology Corp. (TPE: 5452), Bingo Group Holdings Limited (HKSE: 8220), J&V Energy Technology Co., Ltd. (TWSE: 6869), Red Building Capital, ZoobeTek, iSpan International Inc., and Bulky Animation Studio. This alliance will jointly establish the AICC and advance the AI ecosystem.

The first AICC is to be established in Taiwan, spearheaded by Enlight in partnership with Supermicro, Chief Telecom Inc. (TWSE: 6561), VMFive, Infinitix Inc., and Inventec Besta Co., Ltd (TPE: 8201). The AICC will be powered by NVIDIA H200 Tensor Core GPUs, which offer 1.43 times the performance speed compared to the NVIDIA H100 Tensor Core GPUs. With 256 units of NVIDIA H200 Tensor Core GPUs generating a total of 93 PFLOPS of AI computing power, this AICC is estimated to rank 15th globally in AI computing power, making it one of the fastest AI data centers in Asia. This AICC will deliver premier services by offering GPU as a Service (GPUaaS) for various entities such as governments, financial institutions, and businesses. The Taiwan AICC is expected to commence operations by the end of 2024.

VCI Global will serve as the strategic partner in the AICA initiatives with plans to establish the first AICC in Malaysia by the second quarter of 2025. This Malaysian AICC, which will be replicate the Taiwan AICC’s model, will act as a central hub for advancing AI research, development, and application, driving industry growth and enhancing Malaysia’s prominence in the global AI landscape.

After establishing AICCs in Taiwan and Malaysia, the AICA intends to develop additional AICCs globally, including in Singapore, Hong Kong, Japan, and Indonesia. This expansion aims to meet the anticipated high demand for computing power driven by Large Language Models (LLMs) and the increasing use of AI applications. Research from Marketsand Markets indicates that the global LLM market is expected to grow rapidly, with a compound annual growth rate (CAGR) of over 30%, projected to increase from approximately US$7 billion in 2024 to over US$35 billion in 2030. This initiative is part of a broader strategy to create AI computing centers worldwide, addressing the growing need for computing power. VCI Global’s involvement supports AICA’s mission to become a leading platform for AI computation, drive technological innovation, and promote the widespread adoption of AI technologies globally.

“We are excited to have VCIG to participate in the alliance to serve our interest in Southeast Asia, where we believe their involvement will further accelerate the success of the alliance. We look forward to developing our next AICC in Malaysia in the near future,” said Mr. Sam Ding, Chief Executive Officer of the AICA Taiwan.

“We are extremely excited about entering this alliance and participating in such a formidable alliance to advance the AI ecosystem to better serve the region,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.

About VCI Global Limited
VCI Global is a diversified holding company. Through its subsidiaries, it focuses on consulting, fintech, AI, robotics, and cybersecurity. Based in Kuala Lumpur, Malaysia, our main operations are centered in Asia, with significant visibility across Asia Pacific, the United States, Europe, and the Middle East. VCIG primarily offers consulting services in capital markets, real estate, AI, and technology. In technology businesses, the company operates a proprietary financing platform that serves companies and individuals, as well as a secured messaging platform serving governments and organizations. We also invest, incubate, accelerate, and commercialize businesses and technologies in AI and robotics.

For more information on the Company, please log on to https://v-capital.co/

About Enlight Corporation
Enlight strives to serve the customers by focusing on product design requirements, process and quality enhancement. In May 2019, Enlight launched a brand that provides household appliances in Taiwan through both online and offline. The company expanded into beauty and skincare markets, distributing Swiss salon skincare brand “BelleWave” and its own brand “Jubilux”.

For additional detail, please visit https://www.enlightcorp.com.tw/

About Super Micro Computer, Inc.
Supermicro is a global technology leader committed to delivering first-to-market innovation for Enterprise, Cloud, AI, Metaverse, and 5G Telco/Edge IT Infrastructure. We are a Rack-Scale Total IT Solutions provider that designs and builds an environmentally friendly and energy-saving portfolio of servers, storage systems, switches, software, along with global support services.

For more information, please visit https://www.supermicro.com/en/

Issued By: Swan Consultancy Sdn. Bhd. on behalf of VCI Global Limited

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

Kucingko Berhad Debuts on ACE Market with Clawsome Opening Price of RM0.805

Kucingko Berhad (Kucingko or the Company), the first publicly listed 2D animation production company, made its debut today on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities). The shares opened at RM0.805 per share, showcasing a significant 168.33% premium over the IPO price of RM0.30 per share.

1. Mr. Lim Chor Ghee, Independent Non-Executive Chairman of Kucingko Berhad; 2. Ms. Elaine Law Soh Ying, Independent Non-Executive Director of Kucingko Berhad; 3. Datuk Roslan Hj Tik , Head of Group Investment Banking and Islamic Banking of Kenanga Investment Bank Berhad; 4. Mr. Ooi Kok Hong, Executive Director of Kucingko Berhad; 5. Mr. See Chin Joo, Executive Director of Kucingko Berhad; 6. Mr. Puar Chin Jong, Independent Non-Executive Director of Kucingko Berhad; 7. Mr. Ku Chia Loon, Non-Independent Non-Executive Director of Kucingko Berhad; 8. Ms. Quah Bee Fong, Independent Non-Executive Director of Kucingko Berhad [L-R]

Kucingko is listed under the stock name “KUCINGKO” with the stock code “0315”.

Kucingko specialises in providing high quality 2D animation production for global broadcasters and streaming platforms and is one of the largest animation production company in Malaysia. Kucingko has earned significant recognitions globally, including a BAFTA nomination and several other international awards.

Kucingko Berhad’s initial public offering has successfully raised total gross proceeds of RM30.0 million, which will be utilised based on the following manner:

i. RM17.8 million towards capacity expansion, including the establishment of production branch offices in East Malaysia to tap into the skilled local talent pool and upgrade the existing operational office in Selangor; 
ii. RM4.4 million for setting up a sales office in the United States of America to expand market reach;
iii. RM4.2 million for working capital; and 
iv. RM3.6 million for listing expenses.

Executive Director of Kucingko Berhad, Mr. See Chin Joo commented: “This successful listing is a major milestone for Kucingko. It reflects the market confidence in the animation industry, and investors’ receptiveness towards unique companies with profitable track record. We are excited about the opportunities this will bring, allowing us to further expand our production capacity and reaching out to more global clientele. The funds raised will enable us to invest in building capacity locally and deepening our presence in the North American market, ensuring that we remain at the forefront of the animation industry.

Executive Director of Kucingko Berhad, Mr. Ooi Kok Hong added: “Our goal is to continue to up our game in delivering high-quality content for traditional television and streaming platform. This listing will support our efforts to achieve that goal. In addition, talent building and continued investment in the best talent is high in our priority. We will soon roll out our plans to collaborate with universities and state government agencies to nurture local talent and empower them with the right skillsets to contribute positively back to the industry. We are building all these initiatives for sustained growth and success in the global animation market.”

1. Mr Leong Yew Loong, Head, Corporate & Institutional Coverage of Kenanga Investment Bank Berhad; 2. Ms. Quah Bee Fong, Independent Non-Executive Director of Kucingko Berhad; 3. Mr. Ku Chia Loon, Non-Independent Non-Executive Director of Kucingko Berhad; 4. Mr. Puar Chin Jong, Independent Non-Executive Director of Kucingko Berhad; 5. Ms. Elaine Law Soh Ying, Independent Non-Executive Director of Kucingko Berhad; 6. Mr. Lim Chor Ghee, Independent Non-Executive Chairman of Kucingko Berhad; 7. Mr. Ooi Kok Hong, Executive Director of Kucingko Berhad; 8. Mr. See Chin Joo, Executive Director of Kucingko Berhad; 9. Ms. Leong Mei Cian, Head of Planning of Kucingko Berhad; 10. Mohd Faizal Bin Mohd Wazir, Head of Animation of Kucingko Berhad; 11. Datuk Roslan Hj Tik , Head of Group Investment Banking and Islamic Banking of Kenanga Investment Bank Berhad; 12. Ms. Ong Sook Ling, Senior Vice President, Corporate Finance of Kenanga Investment Bank Berhad; 13. Mr Alvin Ooi Yet Ming, Head, Corporate Finance of Kenanga Investment Bank Berhad; 14. Ms. Fong Soh San, Head, Equity Capital Markets of Kenanga Investment Bank Berhad [L-R]

Kenanga Investment Bank Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent for Kucingko Berhad.

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

For more information, please contact:
William Yeo
Tel: +60 16-213 2103
Email: w.yeo@swanconsultancy.biz

MooFest 2024 by Moomoo Singapore and AlphaInvest Receives Massive Turnout

  • MooFest 2024 organised at Suntec Convention Centre was timely as financial markets are at inflection point due to rapid advances in technology.
  • “Thinking Forward and Mastering the Future” theme inspired attendees on achieving their financial aspirations.
  • Impressive lineup of Thought Leadership speakers and panellists, included representatives from Singapore, Japan, and the US.

AlphaInvest Holdings Pte Ltd, a leading regional financial services, media, and technology company, and Moomoo Singapore, a leading digitalised brokerage in Singapore, co-organised MooFest 2024 (MooFest 2024), a premier investment event which took place on 6th July 2024 at Suntec Convention Centre, Singapore.

MooFest 2024 - Inspiring attendees to think forward and master the future.
MooFest 2024 – Inspiring attendees to think forward and master the future.

Due to rapid advances in technology and their impact on trading infrastructure, investing information, and investment decision-making, this year’s event, “Thinking Forward, Mastering the Future,” was a landmark gathering for all investors in the financial markets.

Mr. Christopher Lee, Group Chief Executive Officer and co-founder of AlphaInvest Holdings Pte. Ltd., said, “In the digital age, investors face a landscape filled with unprecedented challenges but also great opportunities. Global financial markets are increasingly interconnected, and technological advancements are reshaping the investing landscape. At the heart of all this is Information—the oil that lubricates investment decision-making. At AlphaInvest, we are committed to helping investors navigate the complexities of modern financial markets by providing investors with timely, reliable, accurate, and quality Information as well as the digital tools to glean insights, formulate strategies and implement risk management from the Information.”

This year’s event attracted more than 3,000 attendees, with a star-studded lineup of speakers and panellists including Gavin Chia (Moomoo SG), Echo Zhao (Moomoo SG), Lily Chia (Singapore Exchange), James McKeone (NASDAQ), and Hiroki Kawai (Japan Exchange Group). They shared with attendees their valuable insights on topics such as global challenges and opportunities in the digital age, innovations in market and trading infrastructure, and the impact of technology on stock exchanges.

Mr. Gavin Chia, CEO of Moomoo Singapore, remarked, “The rapid advancement of technology has revolutionised stock exchanges globally, making them more efficient, accessible, and transparent. Our focus at Moomoo Singapore is to provide our clients with seamless and secure trading and custodian services. By leveraging new technologies such as AI, we are not only enhancing the operational efficiencies of our trading infrastructure but empowering investors with real-time insights and data-driven decision-making capabilities.”

Mr. Chia revealed that, on average, investors were increasing the proportion of U.S. stocks in their portfolio to 70% even as they held 20 % of their portfolio in Singapore stocks with strong fundamentals and good valuations. Mr Chia also remarked that with the ‘higher for longer’ interest rate environment, there was good demand for money market funds, and investors were also interested in holding cryptocurrency for portfolio diversification. Chia announced that Moomoo Singapore will soon offer cryptocurrency trading on its platform, just months after receiving the Major Payment Institution (MPI) License from the Monetary Authority of Singapore.

About AlphaInvest Holdings Pte. Ltd. | www.alphainvestholdings.com
A leading regional financial services, media and technology company, AlphaInvest Holdings Pte Ltd (“AlphaInvest” or “the Group”) was founded in 1999 to empower investors by providing them with trusted products and services for informed investment decision-making. Its core areas of business span investor relations, market data tools and investor education.

AlphaInvest Group operates the largest investor relations network in the region, with a customer base of about 700 public listed companies and a reach of over 300,000 people across its platforms. The Group has over 120 employees in four countries (Singapore, Malaysia, Thailand, and Indonesia).

The Group has made several strategic investments:

InvestingNote is the largest and most active social platform for investments in Singapore and Malaysia. It is a community-driven platform designed specifically to help investors and traders to share ideas on stocks, news and insights through social networking and a variety of useful investment tools.

ShareInvestor (www.shareinvestor.com) offers online market data tools for multiple markets through its ShareInvestor Station™, ShareInvestor WebPro™, and ShareInvestor Mobile products.

AlphaInvest’s digital publications include:

  • Investor-One (www.investor-one.com), a website on investor education, market news, corporate developments, and data analytics
  • Inve$t, an e-magazine published weekly in Singapore and Malaysia.

AlphaInvest organises financial investment seminars and conferences for investors. Its annual large-scale events INVEST Fair™(www.investfair.com.sg) in Singapore and Malaysia draws thousands of participants. Other key exhibition includes the largest REIT event ie REITS Symposium (www.reitsymposium.com).

Media Contact:
Mr. Nigel Lim
ShareInvestor / InvestingNote
Email: nigel.lim@shareinvestor.com
Mobile/WhatsApp: (+65) 8161-4010

Mr. Wayne Koo
ShareInvestor / Waterbrooks
Email: wayne.koo@waterbrooks.com.sg
Email: query@waterbrooks.com.sg
Mobile/WhatsApp: (+65) 9338-8166

Mr. Gavin Chia, CEO of Moomoo Singapore, delivering the keynote presentation
Mr. Gavin Chia, CEO of Moomoo Singapore, delivering the keynote presentation
Panel discussion at MooFest 2024
Panel discussion at MooFest 2024
AlphaInvest Team with Moomoo’s Mascot at MooFest 2024
AlphaInvest Team with Moomoo’s Mascot at MooFest 2024

Proven Land Sdn. Bhd. Announces Partnership and Investment in EXSIM, Supported by Octowill Trustees

Proven Land Sdn Bhd (“Proven Land”) is pleased to announce the signing of an agreement with a wholly owned subsidiary of EXSIM Development Sdn Bhd (“EXSIM”) to subscribe a stake in the renowned property development company. This collaboration allows Proven Land to benefit from a diverse and innovative project portfolio that promises significant growth and development opportunities.

Mr Jack Leong, Director of Proven Land; Mr Lim Aik Hoe, Managing Director of EXSIM Development Sdn Bhd [L-R]
Mr Jack Leong, Director of Proven Land; Mr Lim Aik Hoe, Managing Director of EXSIM Development Sdn Bhd [L-R]

EXSIM, known for its cutting-edge green and sustainable projects, has a prominent presence in the property development sector. Some notable hospitality projects of EXSIM which have been successfully completed includes Expressionz Professional Suites @ Tun Razak, Ceylonz Suites @ Bukit Ceylon, Scarletz Suites @ KL City Centre and Mossaz @ Damansara Perdana.

With a history of excellence and numerous successful developments, EXSIM has played a pivotal role in shaping the urban landscape and driving economic growth. This partnership is poised to harness the parties’ expertise to foster substantial growth in the property sector.

Mr. Jack Leong, Director of Proven Land commented, “Our investment in EXSIM marks a significant milestone for Proven Land. By subscribing the stake, we are poised to leverage their innovative projects and expertise, enhancing our portfolio and creating new opportunities for growth. This collaboration underscores our commitment to high-potential sectors and driving economic prosperity in the ASEAN region.”

Mr Lim Aik Hoe, Managing Director of EXSIM, said “We are delighted to welcome Proven Land as our partner. This collaboration signifies their confidence EXSIM in building more greener and sustainable developments, while elevating the living lifestyle of our buyers. We hope to have more partnership with Proven Land in the future, perhaps in different component of development too.”

On the same day, Proven Land also entered into an agreement with Octowill Trustees Berhad (“Octowill”), which will support Proven Land’s future development.

The Management of Octowill Trustees, remarked, “Our investment in Proven Land underscores our belief in the strategic vision and robust potential of Proven Land. This collaboration is set to unlock significant value for our stakeholders and drive sustainable growth, especially in the rapidly growing urban development landscape.”

Looking ahead, Proven Land remains highly optimistic about the future growth of the property development landscape in Malaysia. The Company is committed to identifying and capitalising on high-potential opportunities, driving innovation, and contributing to the economic prosperity of the region.

ABOUT PROVEN LAND SDN. BHD.

Proven Land Sdn. Bhd. is a Malaysia-based company dedicated to advancing sustainable property development. Proven Land focuses on creating innovative, eco-friendly developments that contribute to the well-being of communities and the environment. The company leverages expertise in property development to transform innovative ideas into successful, sustainable projects.

Issued By: Swan Consultancy Sdn. Bhd. on behalf of Proven Venture Capital Ltd.

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

Go Hub Capital Berhad Commences Trading on ACE Market with Strong Opening Price of RM0.80

Go Hub Capital Berhad (“Go Hub” or the “Company”), a key transportation information technology (IT) solutions provider, proudly marked its debut today on the ACE Market of Bursa Malaysia Securities Berhad. The shares opened at RM0.80 per share, showcasing a strong market reception and achieving significant 128.57% premium over the IPO price of RM0.35 per share.

Mr. Eng Chee Seng, Chief Business Development Officer, Go Hub Capital Berhad; Cik Alwizah Al-Yafii Binti Ahmad Kamal, Independent Non-Executive Director, Go Hub Capital Berhad; En. Zulkifly Bin Zakaria, Independent Non-Executive Chairman, Go Hub Capital Berhad; Mr. Hong Boon Huon, Chief Technology Officer, Go Hub Capital Berhad; Mr Tan Cherng Thong, Executive Director / CEO, Go Hub Capital Berhad; Ms. Lee Li Yee Executive, Director / Finance Director, Go Hub Capital Berhad; Ms. Poh Zuan Yin, Independent Non-Executive Director, Go Hub Capital Berhad; Mr. Lee Yew Weng, Independent Non-Executive Director, Go Hub Capital Berhad [L-R]
Mr. Eng Chee Seng, Chief Business Development Officer, Go Hub Capital Berhad; Cik Alwizah Al-Yafii Binti Ahmad Kamal, Independent Non-Executive Director, Go Hub Capital Berhad; En. Zulkifly Bin Zakaria, Independent Non-Executive Chairman, Go Hub Capital Berhad; Mr. Hong Boon Huon, Chief Technology Officer, Go Hub Capital Berhad; Mr Tan Cherng Thong, Executive Director / CEO, Go Hub Capital Berhad; Ms. Lee Li Yee Executive, Director / Finance Director, Go Hub Capital Berhad; Ms. Poh Zuan Yin, Independent Non-Executive Director, Go Hub Capital Berhad; Mr. Lee Yew Weng, Independent Non-Executive Director, Go Hub Capital Berhad [L-R]

Go Hub was listed under the stock name “GOHUB” today with the stock code “0311”.

Having a proven track record in terminal operating systems, bus operating systems, and automated fare collection systems, Go Hub group is a recognised leader in the public transportation IT solutions industry. The Company’s innovative technologies and commitment to operational efficiency have been instrumental in enhancing the quality of public transportation services and contributing to clients’ environmental, social, and governance (“ESG”) targets, including improving operational efficiency and passengers’ experience.

The successful initial public offering of Go Hub Capital Berhad raised approximately RM37.51 million, allocated as follows: RM24.71 towards business expansion, RM4.00 million for the repayment of bank borrowings, RM4.80 million for working capital requirements, and RM4.00 million reserved for payment of listing expenses.

En. Zulkifly Bin Zakaria, Independent Non-Executive Chairman of Go Hub expressed excitement: “This successful listing marks a significant milestone for Go Hub. It reflects the hard work and dedication of our team and the confidence the market has in our vision and strategy. We are enthusiastic about the opportunities this will bring, allowing us to further enhance our services and expand our reach within Malaysia.”

“The positive investor response to our IPO underscores the market’s belief in our capabilities and growth potential. We look forward to leveraging this momentum to drive Go Hub’s growth and to solidify our position as a key IT solutions provider in the public transportation sector.”

UOB Kay Hian Securities (M) Sdn. Bhd. is the Principal Adviser, Sponsor, Underwriter and Placement Agent for Go Hub.

ABOUT GO HUB CAPITAL BERHAD

Go Hub Capital Berhad (“Go Hub” or the “Company”) was incorporated in Malaysia as a private limited company under the name Go Hub Capital Sdn. Bhd. and converted to a public limited company, assuming its current name. Through its subsidiary, principally involved in the provision of enterprise IT services, focusing on providing transportation IT solutions (including customised software development systems and integration of hardware and software systems) in the bus and rail segments. Go Hub develops transportation IT solutions such as the Terminal Operating System (“TOS”) and the Bus Operating System (“BOS”) as well as the Automated Fare Collection System (“AFC”), which enhances the operational efficiency of public transportation infrastructures. Go Hub’s offerings also extend to include maintenance and support services as well as terminal management services for the IT solutions delivered. These technologies are crucial for entities looking to modernise, streamline and optimise its operational process flow and improve passengers’ travel experience through advanced digital platforms.

Issued By: Swan Consultancy Sdn. Bhd. on behalf of Go Hub Capital 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

Cat-Ching The Spotlight! Kucingko Launches Prospectus in conjunction with its Listing on Bursa Malaysia

Kucingko Aims to Raise RM30.0 Million for Strategic Growth Globally and Operational Enhancement

Kucingko Berhad (Kucingko or the Group), an established 2D animation production services provider, is pleased to announce the launch of its prospectus for the upcoming initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad.

Mr. See Chin Joo, Executive Director, Kucingko Berhad; Datuk Roslan Hj Tik, Executive Director, Head of Group Investment Banking & Islamic Banking Kenanga Investment Bank Berhad; Mr. Ooi Kok Hong, Executive Director, Kucingko Berhad [L-R]
Mr. See Chin Joo, Executive Director, Kucingko Berhad; Datuk Roslan Hj Tik, Executive Director, Head of Group Investment Banking & Islamic Banking Kenanga Investment Bank Berhad; Mr. Ooi Kok Hong, Executive Director, Kucingko Berhad [L-R]

The IPO aims to raise RM30.0 million through the issuance of 100.0 million new shares at an IPO price of RM0.30 per share. The proceeds from the IPO will be allocated as follows:

  • RM17.8 million for capacity expansion, including RM11.9 million for the setting up of production branch offices in East Malaysia.
  • RM4.4 million for setting up sales office in United States of America (“USA”).
  • RM4.3 million for working capital.
  • RM3.6 million for listing expenses.

Executive Director of Kucingko Berhad, Mr. See Chin Joo said, “This IPO is a significant milestone for Kucingko. It symbolises our commitment to growth and innovation within the 2D animation industry. By launching our prospectus at the TRX Aurum Theatre, we are proud to be the first company to do so, reflecting our innovative spirit and out-of-the-box thinking. We hope our pioneering spirit will inspire other players in the animation industry to join us in elevating the game and pushing the boundaries of creativity and innovation.”

Executive Director of Kucingko Berhad, Mr. Ooi Kok Hong elaborated, “The funds raised from the IPO will enable us to expand our production capabilities locally and improve our operational efficiency, positioning us strongly to meet the increasing demand for high-quality animation content in Malaysia and beyond. We are enthusiastic about the opportunities this IPO will create for our company and stakeholders.”

Executive Director, Head of Group Investment Banking and Islamic Banking of Kenanga Investment Bank Berhad, Datuk Roslan Hj Tik, added, “Kucingko Berhad is well-positioned to leverage its expertise and strong market presence to achieve significant growth in the coming years. The company’s focus on expanding its production capabilities and enhancing operational efficiency aligns perfectly with current market dynamics. We are proud to support Kucingko in this pivotal journey and are confident in its continued success.”

Kucingko has demonstrated robust growth for the financial years under review, underpinned by its expertise in 2D animation production, which accounted for a significant portion of the company’s revenue over recent years. The Company’s dedication to quality, efficiency, and creativity has established it as a well-established player in 2D animation sector.

Kenanga Investment Bank Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent for Kucingko Berhad.

Mr. Ku Chia Loon, Non-Independent Non-Executive Director, Kucingko Berhad; Mr. Puar Chin Jong, Independent Non-Executive Director, Kucingko Berhad; Ms. Quah Bee Fong, Independent Non-Executive Director, Kucingko Berhad; Mr. See Chin Joo, Executive Director, Kucingko Berhad; Datuk Roslan Hj Tik, Executive Director, Head of Group Investment Banking & Islamic Banking Kenanga Investment Bank Berhad; Mr. Ooi Kok Hong, Executive Director, Kucingko Berhad; Mr. Lim Chor Ghee, Independent Non-Executive Chairman, Kucingko Berhad; Ms. Elaine Law Soh Ying, Independent Non-Executive Director, Kucingko Berhad [L-R]

Media Contact:
William Yeo
Swan Consultancy
w.yeo@swanconsultancy.biz 

Quarters Academy Partners with Spectrum International University College for Professional Development

Enhancing Market-Driven Professional Training Programmes for Continuous Learning and Career Advancement

Quarters Academy Sdn. Bhd. (“Quarters Academy”) is pleased to announce the signing of a Partnership Agreement (“Partnership”) with Spectrum International University College (“SIUC”), a well-renowned academic institution managed by Spectrum Holdings (M) Sdn. Bhd. (“Spectrum Holdings”). This partnership aims to enhance the quality and accessibility of professional training programmes by combining Quarters Academy’s innovative training methodologies and extensive industry network with SIUC’s academic expertise and infrastructure.

Puan Duratul Ain Bt Zabor, Director of Continuous Development of Spectrum International University College (SIUC); Emeritus Professor Dr Mak Chai, Vice-Chancellor and Chief Executive Officer of Spectrum International University College (SIUC); Mr. Luis Tee, Director of Quarters Academy Sdn Bhd; Mr. Steve Chen, Director of Quarters Academy Sdn Bhd [L-R]
Puan Duratul Ain Bt Zabor, Director of Continuous Development of Spectrum International University College (SIUC); Emeritus Professor Dr Mak Chai, Vice-Chancellor and Chief Executive Officer of Spectrum International University College (SIUC); Mr. Luis Tee, Director of Quarters Academy Sdn Bhd; Mr. Steve Chen, Director of Quarters Academy Sdn Bhd [L-R]

The collaboration will create a framework for delivering market-driven courses that cater to the evolving needs of professionals in various fields. It emphasises the commitment of both Quarters Academy and SIUC to fostering continuous professional development (CPD). Quarters Academy will develop, recruit participants, and manage the delivery of professional training programmes, while SIUC will ensure the quality, compliance, and certification of these programmes.

Mr. Luis Tee, Director of Quarters Academy, said, “We are excited to partner with SIUC to provide innovative and high-quality professional training programmes. This collaboration reflects our commitment to equip individuals with the skills needed to thrive in today’s dynamic work environment.”

At the event, Quarters Academy and SIUC introduced the Professional Certificate in Trust & Fiduciary Advisory, a comprehensive course designed to educate students about trust and fiduciary laws, regulations, and advisory practices in Malaysia. The curriculum covers essential topics such as the history and creation of trusts, types of trusts, estate planning, fiduciary duties, taxation, and Islamic trusts.

Mr. Siva Sunasundram, Executive Director of SIUC, commented, “Collaborating with Quarters Academy aligns perfectly with our vision of providing inclusive and top-tier educational opportunities. We are confident that this partnership will greatly benefit our students and the broader community.”

Also at the event was CHPS GM Consultancy & Academic Sdn. Bhd. (“CHPS GM”). CHPS GM is a renowned provider of wellness and lifestyle programmes focused on human capital management and preventive healthcare. Through strategic partnerships with local and international associates, including SIUC, CHPS GM delivers high-quality consultancy and training services that address the evolving needs of today’s workforce.

Dr. Ben Prakasan, Founder and Managing Director of CHPS GM, added, “This partnership underscores our dedication to fostering professional growth and delivering value-added solutions in human capital development. Together with SIUC, we aim to raise the bar in educational excellence and industry relevance.”

Media contact:
Mandy Tan
Swan Consultancy
m.tan@swanconsultancy.biz 

EPB Group Sets to Raise RM40.08 Million from ACE Market IPO

EPB Group Berhad (“EPB”) and its group of companies (the “Group”), an established one-stop food processing and packaging machinery solutions provider, is pleased to announce the launch of its prospectus for the initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).

Mr. Stephen Chua Chee Keong, Independent Non-Executive Director, EPB Group Berhad; Mr. Ooi Hun Pin, Independent Non-Executive Director, EPB Group Berhad; Mr. Moh Jiun Haur, Director of WYNCORP Advisory Sdn Bhd. and WYNCORP Advisory; Mr. Liew Meng Hooi, Deputy Managing Director, EPB Group Berhad; Mr. Noor Azman Bin Nordin, Independent Non-Executive Chairman, EPB Group Berhad; Mr. Yeoh Chee Min, Managing Director, EPB Group Berhad; Ms. Ooi Kim Kew, Executive Director, EPB Group Berhad; Ms. Lim Chia Wei, Managing Director of Malacca Securities Sdn. Bhd.; Mr. Khor Chai Tian, Independent Non-Executive Director, EPB Group Berhad [L-R]This significant milestone is set to bolster EPB’s market position and support the expansion of its operations, driven by targeted growth strategies to expand its business footprint and adopting industrial revolution 4.0 through robotic integrations in their food processing and packaging machinery solutions.The Group, established in 1992, has built a strong market presence as a comprehensive solutions provider in the design, customisation, fabrication, integration, and automation of production lines for the food processing and packaging machinery solutions segment. The Group also excels in the trading of cellulose casings as well as manufacturing and trading of flexible packaging materials, catering to a wide range of needs in the food manufacturing industry.For information, the IPO shares shall be allocated in the following manner: –A. Public Issue of 71,570,000 new ordinary shares (“Issue Shares”)Malaysian public19,570,000 Issue Shares, or 5.26% of the enlarged issued share capital upon listing will be made available for application by the Malaysian public via balloting, of which 50% of this allocation representing 9,785,000 Issue Shares shall be made available to Bumiputera public investors.Eligible persons21,196,000 Issue Shares, or 5.70% of the enlarged issued share capital upon listing will be reserved for application by the eligible directors, eligible key senior management, eligible employees and business associates (including any other persons who have contributed to the success of the Group).Private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (“MITI”)30,804,000 Issue Shares, or 8.28% of the enlarged issued share capital upon listing will be made available for application by Bumiputera Investors approved by MITI by way of private placement.B. Offer for Sale of 40,000,000 ordinary shares (“Offer Shares”)Private placement to Bumiputera investors approved by MITI15,696,000 Offer Shares, or 4.22% of the enlarged issued share capital upon listing shall be made available to Bumiputera investors approved by MITI.Private placement to selected investors24,304,000 Offer Shares, or 6.53% of the enlarged issued share capital upon listing, shall be made available to selected investors.The proceeds of RM40.08 million raised from the Public Issue will be earmarked for the following purposes: –Factory expansion. Including the acquisition of land, construction of a new factory, and purchase of machineries to enhance operational capabilities.Repayment of bank borrowings. Strengthening the balance sheet and reducing gearing to further improve financial stability.Working capital purposes. Supporting daily operational needs and ensuring smooth business operations.Listing expenses purposes. Covering IPO expenses of the Group.

Applications for the IPO have opened starting at 10.00 a.m. today following the prospectus launch and will close at 5.00 p.m. on 31 July 2024. The targeted IPO listing date of the Company on the ACE Market of Bursa Securities is on 23 August 2024. At the IPO price of RM0.56 per IPO share, EPB will have a market capitalisation of RM208.32 million ahead of its debut.Mr. Yeoh Chee Min, Managing Director of EPB Group Berhad, stated, “We are deeply appreciative of the endorsement from Bursa Securities for our IPO on the ACE Market of Bursa Securities. This significant occasion marks a milestone for our Group’s journey, which will enhance our visibility and allow us to expand our business footprint. The IPO serves as a gateway to the capital markets, providing us with the necessary resources to fuel our next phase of growth and innovation, particularly in the realm of robotics integration in the food processing and packaging machinery solutions we currently provide to our customers.”Mr. Liew Meng Hooi, Deputy Managing Director of EPB Group Berhad, stated, “Our success at EPB Group is built on strong relationships with our customers. By working closely with our customers, we are able to understand their challenges and provide them with customised solutions. Looking ahead, we are excited to explore new opportunities and expand our product offerings. Our commitment to innovation and excellence will ensure that we stay ahead of industry trends and continue to deliver valuable solutions for our clients.”Ms. Lim Chia Wei, Managing Director of Malacca Securities Sdn. Bhd. added, “We are delighted to assist EPB Group with its IPO. The Group’s comprehensive approach to delivering food processing and packaging machinery solutions, combined with a relentless drive for innovation and a strong focus on customer needs, sets a solid foundation for future growth. With a commendable track record since 1992 and a team rich in experience, EPB Group Berhad is well-equipped to navigate the dynamic landscape of the food 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.Media Contact:Xinyi ChingSwan Consultancyx.ching@swanconsultancy.biz

Singapore-based Elite Partners Capital acquires Automotive Giant’s Global Logistics Center in close proximity to Stuttgart, Germany

Elite Partners Capital announced its latest logistics acquisition in close proximity to Stuttgart, the automotive capital of Germany.

The large-scale multi-user logistics park located within Ettlingen West’s Industrial Zone boasts outstanding transportation infrastructure, including direct connections to the A5, A8 and A65 motorways, access to the Port of Karlsruhe – a major inland port along the Rhine waterway, as well as proximity to major international airports in Frankfurt and Stuttgart. The logistics park is also well-served by local buses and the suburban railway network, ensuring availability of a skilled workforce for warehouses and offices located in and around the property.  

Spanning across a large site of c.180,000 sqm, the logistics park is in excellent condition and offers great third-party reusability by virtue of its contiguous but highly flexible layout. Leveraging on its strategic location in close proximity to Stuttgart, over 85% of the property’s net lettable area is currently tenanted to an automotive giant on a long lease, serving as their global logistics center. Elite Partners Capital will be working closely with the tenant to further enhance the property’s ESG specifications over the upcoming years. Post-enhancement, the property is expected to attain DGNB Gold Certification. The logistics park’s remaining lettable areas are tenanted to a good mix of innovative engineering businesses, supporting the region’s next-gen industrial growth.

Elite Partners Capital acquired the logistics park through its flagship Elite Logistics Fund II, a Pan-European logistics fund backed by a sovereign wealth fund alongside a strong network of family offices across Asia. Elite had previously divested the first installment of its Logistic Fund Series (Elite Logistics Fund I) to Blackstone in 2021, achieving an attractive IRR of over 30%.

“We have been closely monitoring the logistics market across Pan-European cities, targeting quality assets with strong tenant covenants and compelling value-add opportunities”, said Victor Song, co-founder and chief executive officer of Elite Partners Capital. “The stabilizing interest rates presents a strategic window of opportunity for our investors to re-enter the market,” added Song.

The asset was sold by a joint venture between TPG Angelo Gordon and aam2core Holdings AG. The landmark transaction was brokered by CBRE’s Capital Markets team in Germany. Taylor Wessing, Alvarez and Marsal and TA Europe were the appointed advisers for Elite Partners Capital in this transaction. Their invaluable practical and commercial insight were crucial in ensuring the successful closure of the deal.

About Elite Partners Capital

Elite Partners Capital is an alternative investment manager specializing in niche opportunities and underserved markets. The firm is headquartered in Singapore, with offices in London, Prague, and Luxembourg. To date, the firm has managed assets in excess of S$2 billion across 7 countries, a 420% increase from where it started in 2017.

For Media Enquiries, Please Contact:
Orphelia Huang
AVP, Investor Relations
orpheliahuang@elitepartnerscapital.com

High-resolutions images can be downloaded here.