Category: Exchanges & Software

Accrelist to Leverage on Growing Demand for HDD Solutions with Acquisition of Shares in MClean Technologies

Datuk Dr. Terence Tea Yeok Kian, Executive Chairman and Managing Director of Accrelist Ltd. (Accrelist), is pleased to announce that a subsidiary of Accrelist, one of the largest aesthetic groups listed on the Catalist Board of Singapore Exchange (SGX), has entered into a sale and purchase agreement to acquire a 28.53% equity stake in MClean Technologies Berhad (MClean Technologies, MClean or the Company). The acquisition is conditional upon the satisfaction (or, where applicable, waiver) of certain conditions precedent.

Datuk Dr. Terence Tea Yeok Kian, the Executive Chairman and Managing Director of Accrelist
Datuk Dr. Terence Tea Yeok Kian, the Executive Chairman and Managing Director of Accrelist

This share acquisition underscores Accrelist’s confidence in MClean’s business direction and growth prospects, especially in the growing demand for Hard Disk Drive (“HDD”) solutions, following the significant increase in demand for data centres.

MClean Technologies, headquartered in Singapore, has established itself as a pivotal player in the electronics and semiconductor products cleaning solutions industry. The Company offers a comprehensive range of services, including surface treatment, precision cleaning, sterile, and packaging services for various industries such as HDD, consumer electronics, and oil & gas. MClean Technologies operates in Malaysia, Singapore, and Thailand, providing high-quality and reliable services to its diverse clientele.

Furthermore, MClean’s strong presence in the HDD solutions industry positions it well to capitalise on the growing demand for data centres. Malaysia is seeing significant data centre investments, with Johor emerging as the largest data centre market in the country. Johor is poised to attract RM17.0 billion (US$3.6 billion) in new data centre investments in 2024 alone, according to the news report by New Straits Times, driven by multinational corporations taking advantage of its strategic location and lower operating costs. Major players like Nvidia, AirTrunk, and Microsoft are establishing data centres in the region, further boosting the demand for HDD solutions.

Datuk Dr. Terence Tea Yeok Kian (“Datuk Dr. Terence Tea”), the Executive Chairman and Managing Director of Accrelist, is a distinguished businessman with extensive experience and a proven track record of driving growth and innovation. He holds a Ph.D. in Business Administration (Honorary) from Honolulu University and a Diploma in Electronics and Electrical Engineering from Singapore Polytechnic. Datuk Dr. Terence Tea currently holds several prominent directorships in listed companies, including Executive Chairman and CEO of Jubilee Industries Holdings Ltd. (“Jubilee”) and was previously the Chairman of a publicly listed electronics manufacturing services company in Malaysia.

Executive Chairman and Managing Director of Accrelist, Datuk Dr. Terence Tea commented, “We are excited about Accrelist’s acquisition of shares in MClean Technologies and we look forward to contributing to the Company’s growth and success. The Company has a strong foundation and a dedicated team, and I am confident that together, we can achieve significant milestones and create long-term value for both our shareholders. In particular, we see great potential in expanding into HDD solutions, especially in Malaysia and Thailand, where demand for high-quality precision cleaning services is rapidly growing.”

Following the acquisition of the equity stake in MClean Technologies, there is expected to be synergies between Jubilee, the subsidiary of Accrelist, and MClean Technologies, allowing both companies to leverage on their respective strengths to create cross-selling opportunities and enhance the customer base of both entities. This potential collaboration is expected to drive growth and provide comprehensive solutions to a broader market, further solidifying Jubilee’s presence in the electronics and semiconductor sectors, especially in the storage space sector.

As at 5:00 P.M., 24 June 2024, being the last trading day prior to signing of the sale and purchase agreement, the share price of MClean Technologies closed at RM0.41 representing a market capitalisation of RM80.9 million.

Media contact:
Stephanie Chow
Swan Consultancy
s.chow@swanconsultancy.biz 

AGAPE ATP Corporation Explores Energy-Saving Solutions with B&H Intec Solution

NASDAQ-listed AGAPE ATP Corporation (ATPC), is delighted to announce the relaunch of its subsidiary, now named ATPC Green Energy Sdn. Bhd. (ATPC Green Energy). ATPC had entered into a collaboration agreement yesterday, with B&H Intec Solution Sdn Bhd (B&H), a total building solutions provider, with a focus on delivering comprehensive energy-saving solutions, aligning with ATPC’s commitment to driving green energy initiatives.

From left: Vincent Tan, Vice President of ATPC, Ting Wan Lock, Head of Corporate Finance, and Prof Dato' Sri Dr How Kok Choong, Founder and Global Group CEO of ATPC; and Chen Wei Kent, CEO of B&H, Chung Wooi Hen, Sales Director of B&H and Khor Hock Thong, Marketing Director of B&H
From left: Vincent Tan, Vice President of ATPC, Ting Wan Lock, Head of Corporate Finance, and Prof Dato’ Sri Dr How Kok Choong, Founder and Global Group CEO of ATPC; and Chen Wei Kent, CEO of B&H, Chung Wooi Hen, Sales Director of B&H and Khor Hock Thong, Marketing Director of B&H

B&H brings over 14 years of experience in facilities mechanical and electrical (M&E) services, specialising in building tailored green retrofits and building maintenance. The company has a portfolio of more than 1,000 customers in Malaysia, including luxury hotels, major banks, transportation hubs, government buildings, office towers, mega shopping malls, and healthcare centres. Known for integrating the latest sustainable technologies into building management solutions, B&H’s expertise in monitoring systems, energy-saving retrofit and upgrading, preventive maintenance service, energy-saving consulting and outsourcing services will be instrumental to ATPC Green Energy. Accumulatively, B&H has already achieved contract values of more than USD 10 million (approximately MYR 47 million), underscoring their capability and trust within the industry.

Mr. Chen Wei Kent, Chief Executive Officer (“CEO”) of B&H said, “The potential in the energy-saving space is vast and untapped. Matching the right M&E services to different companies can result in a substantial reduction in energy consumption, or in other cases, a comprehensive green retrofit solution can improve a building’s energy efficiency and reducing its carbon footprint.

“The collaboration with ATPC will raise our profile, and it will allow us to continue to support more companies in achieving their energy-saving goals. With Malaysia’s energy demand projected to increase by 4.8% by 2030 and electricity demand growing faster than primary energy production, the need for alternative energy sources and energy-saving measures is urgent. In 10 years, Malaysia’s energy demand is expected to rise significantly, from 96.3 terawatt-hours to 206 terawatt-hours (TWh).”

In this collaborative arrangement, B&H’s founder and management team will join ATPC Green Energy as executive officers, leading the energy-saving solutions portfolio. They will also become shareholders in ATPC Green Energy, gaining an equity stake of 30%. This partnership allows ATPC Green Energy to leverage B&H’s expertise, customer base, and leadership, while aligning the interests of B&H’s founders through shareholding, supporting the long-term growth of the energy-saving solutions business.

Prof Dato’ Sri Dr How Kok Choong, the Founder and Global Group CEO of ATPC, explains, “We aim to address this urgent energy demand by providing innovative energy-saving solutions across major sectors, leveraging the extensive expertise of B&H leadership team. By combining our resources and expertise, ATPC Green Energy is well-positioned to drive energy efficiency initiatives across multiple sectors.”

“ATPC Green Energy is looking to provide innovative energy-saving solutions to various sectors, including hospitality, insurance, government, semiconductor, retail, and manufacturing, and we are pleased to have the strong support of B&H as we strive to achieve our mutual goals. Collaboratively, we are in the midst of pitching for a USD 2.0 million project, and we are optimistic about our prospect.” How added.

ATPC’s commitment to the UN Sustainable Development Goals drives the company to build a comprehensive renewable energy ecosystem in ASEAN. This includes energy-saving solutions, solar projects, and other renewable technologies. The Company hopes to develop a diverse portfolio, expand its energy-saving offerings, foster partnerships, and achieve a significant market share in the region.

INVEST FAIR 2024-Kuala Lumpur: Navigating the Future of Investing “Money – Finance – Technology”

  • Held on June 22nd and 23rd, 2024 (10am-9pm), at Hall 1 of Mid Valley Exhibition Center, Kuala Lumpur, Malaysia
  • Two-day event featuring 65 expert speakers and 28 exhibitors with over RM50,000 worth of prizes
  • Jointly organised by ShareInvestor and InvestingNote, and supported by Bursa Malaysia, CFA Society Malaysia, Federation of Investment Managers Malaysia (FIMM) and Kumpulan Wang Simpanan Pekerja (KWSP EPF)

ShareInvestor Malaysia Sdn Bhd, Malaysia’s largest independent platform for investor relations, market data tools, and investor education, today announced the launch of INVEST FAIR 2024, Malaysia’s largest investment fair. Under the dynamic theme of “Money – Finance – Technology,” this year’s event encourages participants to embrace the evolving landscape of investing.

Held from 22nd June 2024 (Saturday) to 23rd June 2024 (Sunday) 10am-9pm, at Mid Valley Exhibition Center Hall 1, INVEST FAIR 2024 will host 65 expert speakers from the fields of fintech, cryptocurrency, property, stock market, funds and investment. These professionals will share their extensive knowledge through 65 enriching sessions covering a broad spectrum of topics, including the latest market outlook, sector insights, investment strategies, trading skills, and property investment. Selected sessions will be conducted in Malay and Chinese to engage all Malaysians in becoming prudent and savvy investors.

Mr Christopher Lee, Group Chief Executive Officer and co-founder of AlphaInvest Holdings Pte. Ltd., the holding company of ShareInvestor Malaysia Sdn Bhd, said, “Investing has never been so exciting. New technology such as Blockchain, Artificial Intelligence, and Virtual Reality has expanded the frontiers of investment. Tokenisation and Smart Contracts have made assets like real estate and debt more accessible to the retail investor. ETFs covering every asset class and major stock exchange indexes are available for investors to hedge and diversify their portfolios. In analytics, new AI-enabled tools in data visualisation and statistical probability help level the playing field for retail investors. It is in this spirit of enlightenment and innovation for the Finance industry that we hold Invest Fair.”

With 65 expert speakers from various sectors, INVEST FAIR 2024 is designed to cater to both seasoned investors and eager beginners. Topics will include the latest market trends, investment strategies, and innovative financial technologies. We are also excited to host 28 exhibitors, each representing different facets of the investment ecosystem, offering new possibilities to learn, connect, and grow.

In addition to the enriching sessions and valuable investment insights, more than RM50,000 worth of prizes are up for grabs. Attendees are encouraged to participate in the curated program, visit the various booths and participate in their various activities for a chance to win exciting prizes.

ShareInvestor Malaysia Sdn Bhd thanks its Platinum Sponsors — Bursa Malaysia, CGS international, FSMOne, Moomoo and Rakuten Trade for their support. They have played a crucial role in bringing together investors and experts for INVEST FAIR 2024, creating a platform for growth and learning that will benefit everyone.

For more information on the event and registration details, please visit our INVEST FAIR 2024 official website at https://investfair.com.my/ and registration at https://investfair.com.my/register/ 

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:
– in investor relations/public relations firm, Waterbrooks Consultants Pte Ltd (www.waterbrooks.com.sg)
– in Singapore’s leading social media platform for investors, InvestingNote (www.investingnote.com).

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) provides online market data tools for multiple markets across its ShareInvestor Station™, ShareInvestor WebPro™ and ShareInvestor Mobile range of 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, the e-magazine published weekly in Singapore and Malaysia.

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

Media Contact:
Mr Darren Chong
Head of Investor Platforms ShareInvestor / Investing Note
Email: darren.chong@shareinvestor.com
Mobile/WhatsApp: (+60) 014-944-1639

EPB Group Berhad Signs on Malacca Securities as Underwriter

The Group’s Listing Exercise shall involve a Public Issue of 71,570,000 New Ordinary Shares

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 that it has entered into an underwriting agreement with Malacca Securities Sdn. Bhd. (Malacca Securities), for the upcoming initial public offering (“PO) on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities).

Mr. Yeoh Chee Min, Managing Director of EPB Group Berhad; Ms. Lim Chia Wei, Managing Director of Malacca Securities Sdn. Bhd.; Mr. Liew Meng Hooi, Deputy Managing Director of EPB Group Berhad [L-R]
Mr. Yeoh Chee Min, Managing Director of EPB Group Berhad; Ms. Lim Chia Wei, Managing Director of Malacca Securities Sdn. Bhd.; Mr. Liew Meng Hooi, Deputy Managing Director of EPB Group Berhad [L-R]

The Group’s IPO exercise shall involve a public issue of 71,570,000 new ordinary shares, or 19.24% of the enlarged issued share capital upon listing with an offer for sale of 40,000,000 ordinary shares, or 10.75% of the enlarged issued share capital upon listing.

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 public
19,570,000 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 persons
21,196,000 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) (“Pink Form Allocations”).

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 MITI
15,696,000 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 investors
24,304,000 Offer Shares, or 6.53% of the enlarged issued share capital upon listing, shall be made available to selected investors.

Pursuant to the Underwriting Agreement, Malacca Securities will underwrite the 19,570,000 Issue Shares made available for application by the Malaysian public, and 21,196,000 Issue Shares made available for application under the Pink Form Allocations.

Mr. Yeoh Chee Min, Managing Director of EPB Group Berhad commented, “Our vision is to broaden our market reach and enhance our offerings in the food processing and packaging machinery sector. This IPO is a strategic step towards achieving that goal. We are honoured to partner with Malacca Securities to facilitate our listing on the ACE Market of Bursa Securities. Looking ahead, our Group plans to expand its product lines, particularly in robotics automation for the food manufacturing industry.”

Ms. Lim Chia Wei, Managing Director of Malacca Securities Sdn. Bhd. added, “We are delighted to assist EPB Group with its upcoming 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.”

According to the Independent Market Research report, the food processing and packaging machinery industry is growing steadily, including technological advancements, and a shift towards more efficient and automated food processing methods. Furthermore, the industry is projected to expand at a CAGR of 9.7% from the forecast period of RM1.80 billion in 2023 to RM2.66 billion in 2027. Leveraging on the Group’s industry expertise and innovative capabilities, the Group is aiming to expand its product offerings in robotics automation to meet the growing global demand for innovative food manufacturing automation methods.

ICDX and Shanghai Metals Market Host Asean Tin Industry Conference 2024

Indonesia Commodity & Derivatives Exchange (ICDX) along with the Shanghai Metal Market (SMM) hosted the Asean Tin Industry Conference. This event took place concurrently with the Indonesia Critical Mineral held for 3 days, from June 11 to 13, 2024.

ICDX dan Shanghai Metal Market gelar Asean Tin Industry Conference 2024. (ANTARA/Aji Cakti)
ICDX dan Shanghai Metal Market gelar Asean Tin Industry Conference 2024. (ANTARA/Aji Cakti)

The Asean Tin Industry Conference 2024 was attended by hundreds of participants from various countries. Various topics were discussed during the event, ranging from government policies, industry development, supply chains, to the future trading prospects of tin.

Nursalam, President Director of ICDX, said, “The collaboration with SMM is certainly an effort by ICDX to expand its market, especially in the tin exchange. As we know, tin is a global commodity with buyers spread all over the world. With this joint event with SMM, the hope is that ICDX can develop direct markets to various countries that use or consume tin.”

Logan Lu, Senior Vice President, remarked, “We see Indonesia, as one of the largest tin producers in the world, playing a significant role in global tin trade. The collaboration with ICDX to host the Asean Tin Industry Conference aims to connect global tin market players, both sellers and buyers. We recognize ICDX’s strong commitment to enhancing global trade quality, especially in the tin commodity sector.”

Regarding tin trading, ICDX has been facilitating physical tin market trading through the exchange since 2013. With this exchange, ICDX has become one of Indonesia’s icons on the world stage. Indonesia plays a strategic role in the global tin arena. In terms of production capacity, according to the United States Geological Survey (USGS) report in 2023, Indonesia ranks third as the world’s largest tin producer with a production capacity of 52,000 metric tons. Myanmar holds the second position with a capacity of 54,000 metric tons, while China leads as the world’s largest tin producer with 68,000 metric tons.

For further information, please contact:
Allen Wu
Marketing Director of Nickel & Stainless steel Industry
Shanghai Metals Market
9th FL, south Section, Building 9
Lujiazui Software Park, No.20, Lane 91,
E’Shan Road, Pudong New Area, Shanghai, 200127, China
E: wuchenyu@smm.can

P Giri Hatmoko
Head of Corporate Communication
Indonesia Commodity & Derivatives Exchange Group
Midpoint Place, Floors 22-23
Jl. H. Fachrudin No.26, Central Jakarta
E: podogiri.hatmoko@icdx.co.id

Copyright ANTARA: https://en.antaranews.com.

Flexidynamic Announces Strategic Investment in Gammatech for Gamma Radiation Sterilisation Technology

Flexidynamic Holdings Berhad (Flexidynamic or the Company), an established solutions provider for the rubber glove manufacturing industry, is pleased to announce that the Company has entered into a binding letter of intent (LOI) with Gammatech Sdn Bhd (Gammatech) for the subscription of 51% of the enlarged issued share capital in Gammatech, at a total subscription price of RM1,040,816 or RM1.00 per new ordinary share. Upon the completion of the Subscription, Gammatech will become a 51%-owned subsidiary of Flexidynamic.

Flexidynamic Holdings Berhad
Flexidynamic Holdings Berhad

Gammatech, a private limited company incorporated in Malaysia which intends to undertake the provision of sterilisation services using gamma radiation.

Gamma radiation sterilisation is a highly effective method used to eliminate microorganisms in various products to ensure sterility. This technology involves exposing products to gamma rays, which penetrate deeply and uniformly to destroy bacteria, viruses, fungi, and other pathogens.

It is widely used in the medical and pharmaceutical industries for sterilising medical devices, surgical instruments, and pharmaceutical products. Gamma radiation is also used in the food industry to extend shelf life and ensure food is well-stored as well as in the packaging industry to sterilise materials and containers.

This new offering may serve not just the existing customers in the glove industry, but can also include industries such as pharmaceuticals, food processing, and packaging. By offering gamma radiation sterilisation services, Flexidynamic aims to meet the growing demand for sterile products, leveraging its existing customer base and expanding into these broader markets.

Mr. Tan Kong Leong, Managing Director of Flexidynamic, commented, “This strategic investment in Gammatech marks a significant milestone for Flexidynamic as we venture into the gamma radiation sterilisation sector. We see substantial potential in this field and are confident that this move will complement our existing operations while opening new avenues for growth in the recovering medical glove industry. Our commitment to innovation and expansion continues to drive our business forward, ensuring long-term value for our shareholders.”

A Representative from Gammatech added, “We are excited about the partnership with Flexidynamic Holdings Berhad and believe that their expertise and vision will significantly contribute to the successful launch and growth of Gammatech. We look forward to working closely with Flexidynamic to realise the full potential of this new venture.”

As at 5:00 P.M., 12 June 2024, the share price of Flexidynamic closed at RM0.21, representing a market capitalisation of RM62.9 million.

Flexidynamic Holdings Berhad: https://flexidynamic.com/ 

Go Hub Sets to Raise RM37.51 Million from Ace Market IPO

 Go Hub Capital Berhad (“Go Hub” or the “Company”), a key transportation information technology (IT) solutions provider, is pleased to announce the Company’s launch of the prospectus for its upcoming initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). Go Hub prides itself as a key transportation IT solutions provider in Malaysia, focusing on providing tailored IT solutions (encompassing customised software development systems and integration of hardware and software system) with an established track record in the bus and rail segments. Go Hub also extends its offerings to include maintenance and support services as well as terminal management services for the IT solutions that Go Hub delivers to its customers.

Mr. Tan Meng Kim, Managing Director of Capital Markets, UOB Kay Hian Securities (M) Sdn Bhd; Mr. Tan Cherng Thong, Executive Director / CEO, Go Hub Capital Berhad [L-R]

The IPO aims to raise RM37.51 million through the issuance of 107.18 million new shares. The proceeds from the IPO will be primarily allocated to the following:

  • Expansion of business operations and enhance operational capabilities, enabling Go Hub to scale up to cater for current projects and to enter new markets.
  • Continuous development of innovative solution offerings, focusing on technological applications and solutions that optimise and streamlines operations process flows efficiently.
  • Marketing efforts to increase brand visibility and customer engagement through targeted campaigns and industry events.
  • General corporate purposes to improve operational efficiencies.

Applications for the IPO have opened starting at 10.00 a.m. today following the Prospectus launch and will close on 20 June 2024.The targeted IPO listing date of the Company on the ACE Market is on 3 July 2024. At the IPO price of RM0.35 per share, Go Hub will have a market capitalisation of RM140.0 million ahead of its debut.

Mr. Tan Cherng Thong, Executive Director and CEO of Go Hub stated, “We are elated to have reached a new milestone with the Prospectus launch today, bringing us a step closer towards becoming a listed entity on the ACE Market of Bursa Securities. Having been in the transportation industry since 2011, our listing is in line with our growth plans and strategies to scale up our operations, expand our solutions offerings and expand our reach overseas. We are optimistic about the future and the opportunities this IPO opens for our company.”

Managing Director of Capital Markets of UOB Kay Hian Securities (M) Sdn Bhd, Mr. Tan Meng Kim expressed support, stating, “As we move into an era where digital transformation is crucial, Go Hub is well-positioned to meet these challenges head-on. Go Hub’s strategic vision, combined with their technological prowess, ensures their continued growth and leadership in the public transportation IT solutions sector.”

Go Hub has demonstrated consistent growth, underpinned by the Group’s expertise in developing and implementing comprehensive IT solutions for public transportation, including TOS, BOS, and Automated Fare Collection (AFC) systems. The Company’s commitment to quality, efficiency, and innovation has established it as a trusted provider in Malaysia.

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

[L-R]
Mr. Chew Boon Keat, Chief Financial Officer, Go Hub Capital Berhad
Mr. Eng Chee Seng, Chief Business Development Officer, Go Hub Capital Berhad
Mr. Hong Boon Huon, Chief Technology Officer, Go Hub Capital Berhad
Mr. Goh Yao Yen, Director, Co-Head of Corporate Finance UOB Kay Hian Securities (M) Sdn. Bhd.
Mr. Tan Meng Kim, Managing Director of Capital Markets, UOB Kay Hian Securities (M) Sdn Bhd
En. Zulkifly Bin Zakaria, Independent Non-Executive Chairman, 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
Cik Alwizah Al-Yafii Binti Ahmad Kamal, Independent Non-Executive 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
En. Mohd Aidy Hisyam Bin Abdullah, Head of Operation (Terminal), Go Hub Capital Berhad
En. Noor Rashid Bin Omar, Head of Operation (BOS), Go Hub Capital Berhad

DC Healthcare’s Approve All Resolutions in AGM

DC Healthcare Holdings Berhad (“DC Healthcare” or the “Group”), an aesthetic medical services provider specialising in the provision of non-invasive and minimally invasive procedures, is pleased to announce the successful completion of its Second Annual General Meeting (“AGM”) held virtually on June 11, 2024. The AGM was conducted through Remote Participation and Voting facilities, allowing shareholders to actively participate and cast their votes on key resolutions.

Dr. Chong Tze Sheng, Managing Director of DC Healthcare
Dr. Chong Tze Sheng, Managing Director of DC Healthcare

During the AGM, shareholders approved all the resolutions including the adoption of the Audited Financial Statements for the year ended December 31, 2023. Key resolutions passed also involved the re-election of directors, ratification of directors’ fees, and the re-appointment of Messrs. Moore Stephens Associates PLT as the Company’s auditors.

Dr. Chong Tze Sheng, Managing Director of DC Healthcare expressed his gratitude to the shareholders, said, “We are incredibly thankful for the continued support and trust our shareholders place in us. This AGM not only reflects our commitment to transparency and robust corporate governance but also sets the path for our strategic initiatives aimed at enhancing service excellence and expanding our market presence. As we move forward, we remain dedicated to leveraging our strengths to drive sustainable growth and deliver value to all our stakeholders.”

Looking ahead, DC Healthcare is dedicated to strengthening its position in the medical aesthetics sector by implementing focused business strategies. These include expanding our clinics across Southern and Northern Malaysia, recruiting highly skilled and experienced staff, and continuously upgrading medical equipment with the latest technology to support growth and improve service quality. The Group remains optimistic about its future, bolstered by competitive advantages that are well-suited to drive sustainable growth in a dynamic market.

DC Healthcare Holdings Berhad https://dchealthcareholdings.com/ 

Go Hub Capital Berhad Inks Underwriting Agreement with UOB Kay Hian Securities

  • The Group’s listing exercise involves public issue of 107.18 million shares

Go Hub Capital Berhad (Go Hub or the Company), a key transportation information technology (IT) solutions provider, is pleased to announce that it has entered into an underwriting agreement with UOB Kay Hian Securities (M) Sdn Bhd (UOBKH) in preparation for its Initial Public Offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities).

From left: Mr. Tan Cherng Thong, Executive Director and CEO of Go Hub, Mr. David Lim, Chief Executive Officer of UOB Kay Hian Securities (M) Sdn Bhd
From left: Mr. Tan Cherng Thong, Executive Director and CEO of Go Hub, Mr. David Lim, Chief Executive Officer of UOB Kay Hian Securities (M) Sdn Bhd

Go Hub’s listing exercise involves the public issue of 107,180,000 new ordinary shares. The IPO shares will be allocated in the following manner:

Malaysian public

20,000,000 IPO shares made available for application by the Malaysian public.

Eligible persons

12,000,000 IPO shares reserved for application by eligible directors and employees as well as persons who have contributed to the success of the Group.

Private placement to selected investors

75,180,000 IPO shares made available by way of private placement to identified institutional and/or selected investors.

UOBKH will underwrite 32,000,000 IPO shares made available to the Malaysian public and eligible persons as part of the underwriting agreement. This IPO does not involve an offer for sale and placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry as the operating company, NSS has MSC Malaysia Status (now known as Malaysia Digital Status).

Mr. Tan Cherng Thong, Executive Director and CEO of Go Hub said, “We are gearing up to expand our technological footprint and solution offerings within the transportation sector, and this IPO is a strategic step in that direction. We are excited to collaborate with UOB Kay Hian to facilitate our listing on the ACE Market. The IPO proceeds raised will be primarily fuel our business expansion plans, which includes the expansion of our technical capabilities and workforce. Our aim is to expand our IT solutions for transportation industry, enhancing customer engagement through digital transformation, and exploring new opportunities in adjacent markets.”

Chief Executive Officer of UOB Kay Hian Securities (M) Sdn Bhd, Mr. David Lim commented, “We are enthusiastic to collaborate with Go Hub on its listing exercise. Go Hub’s strong performance, driven by its innovative and comprehensive IT solutions in transportation industry, presents a compelling investment opportunity. We look forward to supporting Go Hub’s journey as it transitions into a publicly listed company.”

As an established provider of specialised IT services in the transportation industry, Go Hub has consistently demonstrated strong commitment towards innovation and excellence. The Group’s strategic initiatives and technological advancements have solidified its position as a key player in transforming Malaysia’s transportation landscape.

Go Hub Capital Berhad http://gohubcapital.com.my 

Kucingko Inks Underwriting Agreement with Kenanga Investment Bank

Kucingko Berhad (Kucingko or the Company), an established 2D animation production services provider, is pleased to announce the signing of an underwriting agreement with Kenanga Investment Bank Berhad (Kenanga Investment Bank) for its upcoming IPO on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities).

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

Kucingko’s IPO exercise, according to the draft prospectus available on Bursa Securities’ website, involves a public issue of 100.0 million new ordinary shares and an offer for sale of 100.0 million existing ordinary shares, which represents an aggregate of 40.0% of the enlarged number of ordinary shares of the Company.

The IPO involves the following:

Public Issue (Issue Shares)
Malaysian public
25.0 million Issue Shares, representing 5.0% of the enlarged number of ordinary shares, are allocated for application by the Malaysian public, with half of this allocation reserved for Bumiputera investors.

Eligible persons
10.0 million Issue Shares, representing 2.0% of the enlarged number of ordinary shares, are allocated for application by eligible directors, key senior management, employees, and associates who have contributed to the Kucingko group’s success (“Pink Form Allocations”).

Private placement to selected investors
65.0 million Issue Shares, representing 13.0% of the enlarged number of ordinary shares are allocated by way of private placement to selected investors.

Offer for Sale (Offer Shares)
Private placement to selected investors
100.0 million Offer Shares representing 20.0% of the enlarged number of ordinary shares are allocated by way of private placement to selected investors.

Kenanga Investment Bank, as Principal Adviser, Sponsor, Underwriter and Placement Agent, will underwrite the 35.0 million Issue Shares made available for application by the Malaysian Public and Pink Form Allocations.Mr. See Chin Joo, Executive Director of Kucingko Berhad said, “This IPO aligns very well with Kucingko’s ambition to grow in the 2D animation sector. The funds raised from the IPO will be instrumental in scaling our business through setting up a sales office in the United States of America, our largest market, and increasing our production capacity by setting up branch offices in Sabah and Sarawak to tap into the talent pools in these two cities. We are also very excited to be the first animation production studio to be listed on Bursa and, we are delighted to have Kenanga Investment Bank to advise us on this significant corporate milestone.”

Mr. Ooi Kok Hong, Executive Director of Kucingko Berhad, expressed his gratitude towards Kenanga Investment Bank for their support in the IPO process. He added, “Their expertise and guidance have been instrumental in helping Kucingko navigate the complexities of going public. We believe that Kucingko’s position as the first 2D animation company to be listed on Bursa Malaysia will have a positive impact on the market and industry, setting a benchmark for excellence in the creative sector.”

Datuk Roslan Hj Tik, Executive Director, Head of Group Investment Banking and Islamic Banking of Kenanga Investment Bank, stated, “Kucingko Berhad offers excellent diversity for investors as the Malaysian market has historically lacked publicly traded animation production companies. We are proud to support Kucingko through its IPO, bringing one of the industry’s most successful and reputable 2D animation production companies to Bursa Malaysia. The IPO of Kucingko marks a momentous occasion, potentially inspiring other creative ventures to pursue such similar paths as well.”

Kucingko Berhad https://www.kucingko.com/