SCIB and Bintai Kinden in Strategic Alliance ACN Newswire

SCIB and Bintai Kinden in Strategic Alliance

February 7, 2023
KUALA LUMPUR, Feb 7, 2023 - (ACN Newswire via SEAPRWire.com) - Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Company had on 6 February 2023 signed a Memorandum of Understanding (MoU) with Bintai Kinden Corporation Berhad to establish a strategic alliance for exploring of business opportunities, securing of new projects and sharing of profits.Group Managing Director of SCIB, Encik Rosland bin OthmanExecutive Director of SCIB, Mr. Ku Chong HongExecutive Director of Bintai Kinden, En. Azri AzeraiThe MoU is a preliminary step the parties are taking as they explore a working relationship and cooperation to combine skills, expertise, capabilities, experience and collectively bid for projects in Malaysia and to set out the principal terms of the arrangement between the parties.The JV vehicle to be used is SCIB's wholly-owned subsidiary, SCIB Infraworks Sdn. Bhd in which SCIB will retain a 51% stake in the JV while Bintai Kinden will subscribe to the remaining 49%. Bintai Kinden is a mechanical and electrical ("M&E") engineering services specialist listed on the Main Market of Bursa Malaysia, with unique combination of extensive regional experience and local knowledge.Group Managing Director of SCIB, Encik Rosland bin Othman said, "We welcome this strategic alliance with Bintai Kinden as both parties can leverage each other's strengths and expertise that add value to any projects we are involved in together. SCIB's manufacturing arm, the leading precast concrete and Industrialised Building System products manufacturer in East Malaysia, is already supporting our construction arm in projects throughout the country.""Our focus on small-to-mid-sized construction healthcare, educational and utility facilities as well as rural infrastructure projects together with investment in technology such as 3D printing and automation are also strengths that we can leverage on for the future JV projects."Executive Director of SCIB, Mr. Ku Chong Hong said, "This JV brings together two teams with core expertise and knowledge in construction and engineering that will give an edge to projects undertaken together. We expect to see more infrastructure projects in the pipeline as Malaysia's construction sector gains momentum on the back of economic growth."Executive Director of Bintai Kinden, En. Azri Azerai said, "We look forward to a fruitful partnership with SCIB as we seek opportunities together across the country. Bintai Kinden's core expertise is M&E services, and as a multi-disciplined building and industrial service engineers and specialists, we work in all the major market sectors, from commercial buildings to industrial complexes. We design, install and commission systems that include the full range of engineering services which we believe can complement the JV."Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Bintai Kinden Redesignates Ku Chong Hong as Group Managing Director ACN Newswire

Bintai Kinden Redesignates Ku Chong Hong as Group Managing Director

January 20, 2023
PETALING JAYA, Malaysia, Jan 20, 2023 - (ACN Newswire via SEAPRWire.com) - Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, is redesignating Mr. Ku Chong Hong to Group Managing Director from Executive Director effective 18 January 2023.Executive Director of Bintai Kinden, En. Azri AzeraiGroup Managing Director of Bintai Kinden, Mr. Ku Chong HongMr. Ku was appointed to the Board of Directors as an Executive Director on 24 February 2022. He joined Bintai Kinden as Group Accountant in June 2019 and was subsequently redesignated Head of Finance and Accounts on 17 September 2019 and then Chief Financial Officer on 12 October 2020. He is a member of the Executive Management Committee of the Company. Besides Bintai Kinden, he is also an Executive Director at Sarawak Consolidated Industries Berhad and an Independent Non-Executive Director of Malaysian Genomics Resources Berhad.Mr. Ku worked for several audit firms before joining Grant Thornton Malaysia as an audit senior manager in 2017. He has over eight years as an auditor with exposure to audit and assurance as well as business advisory in a broad spectrum of industries such as property development, construction, manufacturing, trading, poultry, agriculture, aquaculture, service provider, trading of software and real estate. He is also a member of the Malaysian Institute of Accountants."I would like to thank the Board for this appointment. I am excited for Bintai and will do my best to bring the Company to the next level. The Company will continue to focus on our core business in mechanical & electrical engineering segment and endeavour to secure more opportunities and recurring projects in Malaysia which are able to contribute positively to the future earnings of the Group," said Ku.En. Azri Azerai, Executive Director of Bintai Kinden said, "The Board of Directors and I congratulate him and are looking forward to working even closer with him. His redesignation reflects a changing of the guard and a younger generation helming the business operations. On a more personal note, having a young and dynamic team enables the Company to adapt to trends in the corporate world and technology while coming out with solutions that are outside of the box.""As an ex-Grant Thornton auditor, we have every confidence that with his industry knowledge and experience, he will be able to guide Bintai Kinden to greater success. His familiarity with the business operations will also be of great help as the Company leverages on its strengths as a M&E engineering services specialist to expand in Malaysia and the region."Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/ Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Minetech Awarded RM36.71 Million Mini-Hydro Project ACN Newswire

Minetech Awarded RM36.71 Million Mini-Hydro Project

January 11, 2023
KUALA LUMPUR, Jan 11, 2023 - (ACN Newswire via SEAPRWire.com) - Minetech Resources Berhad, a civil engineering specialist and bituminous products manufacturer today announced that the Company's wholly-owned subsidiary, Techmile Resources Sdn Bhd (TRSB), has accepted a letter of award (LOA) from Tesdec Hydropower Sdn Bhd for the engineering, procurement, construction and commissioning (EPCC) of a 3MW mini-hydro power plant at Sungai Pelagat, Besut, Terengganu valued at RM36.71 million.The project, which is expected to commence in January 2023, followed by construction in 2025, is expected to be completed by May 2027, comes under the Sustainable Energy Development Authority's (SEDA) feed-in-tariff (FiT) programme in which businesses or individuals that hold SEDA's feed-in approval certificate can sell RE at the FiT rate to distribution licensees such as Tenaga Nasional Berhad.TRSB provides EPCC as well as maintenance, repair and overhaul (MRO) services for the energy industry. Tesdec Hydropower is a sub-subsidiary of Tesdec Berhad through its subsidiary, Tesdec Services Sdn Bhd. Tesdec is wholly-owned by the Terengganu government while Tesdec Hydropower is principally involved in renewal energy (RE) activities, development and facilities in the state.Dato' (Dr). Ts. Awang Daud bin Awang Putera, Executive Chairman of Minetech said, "This project represents for us another step forward in our venture into RE that began in 2020 as part of an organisational transformation at Minetech, which includes diversification and rationalisation. Our move into RE enables us to partake in the development of a sustainable economy that is in line with initiatives in recent years to be greener and ensure social wellbeing.""The 3MW mini-hydro power plant project will allow us to also showcase what Minetech is capable of as we seek more opportunities in RE. As a registered solar photovoltaic investor with SEDA and the owner of a 9.99MW AC floating solar power plant located in Pantai Remis, Perak, we are also able to sell electricity to government agencies, businesses and individuals under SEDA's Net Energy Metering Programme or NEM 3.0."YAB Dato' Seri Dr. Ahmad Samsuri bin Mokhtar, Menteri Besar of Terengganu said, "The state government is committed to driving economic growth through such projects where positive spillover effects include lowering greenhouse gas emissions, mitigating the impact of human activities to the environment and safeguarding the wellbeing of communities through socio-economic progress".Chairman of Tesdec Hydropower, YB Ir. Saiful Azmi bin Suhaili said, "We are pleased to initiate this renewable energy project that will bring benefits to the people of Terengganu by providing a stable and clean source of electricity that can also support essential backup power should there be power outages or disruptions."The LOA signing ceremony was held at Primula Beach Hotel, Kuala Terengganu and were witnessed by Terengganu Menteri Besar, YAB Dato' Seri Dr. Ahmad Samsuri bin Mokhtar and Executive Chairman of Minetech, Dato' (Dr). Ts. Awang Daud bin Awang Putera. Executive Directors, Ts. Azlan Shah bin Zainal Arif and Mr Matt Chin signed on behalf of TRSB while Directors, Ir. Rosdan bin Ismail and Ts. Shahidan Izham bin Yeop Ibrahim, signed for Tesdec Hydropower.Image Caption From L-R:1. Ts. Shahidan Izham bin Yeop Ibrahim, Director of Tesdec Hydropower Sdn Bhd2. Ir. Rosdan bin Ismail, Executive Director of Tesdec Hydropower Sdn Bhd3. YB Ir Saiful Azmi, Chairman of Tesdec Hydropower Sdn Bhd4. YAB Dato' Seri Dr Ahmad Samsuri bin Mokhtar, Menteri Besar of Terengganu5. Dato' (Dr). Ts. Awang Daud bin Awang Putera, Executive Chairman of Minetech Resources Bhd6. Ts. Azlan Shah bin Zainal Arif, Executive Director of Minetech Resources Bhd7. Matt Chin Leong Choy, Executive Director of Minetech Resources Bhdhttps://www.acnnewswire.com/topimg/Low_Minetech02301111.jpgFrom L-R (Standing):1. YB Ir Saiful Azmi, Chairman of Tesdec Hydropower Sdn Bhd2. YAB Dato' Seri Dr Ahmad Samsuri bin Mokhtar, Menteri Besar of Terengganu3. Dato' (Dr). Ts. Awang Daud bin Awang Putera, Executive Chairman of Minetech Resources BhdFrom L-R (Seated):1. Ts. Shahidan Izham bin Yeop Ibrahim, Director of Tesdec Hydropower Sdn Bhd2. Ir. Rosdan bin Ismail, Executive Director of Tesdec Hydropower Sdn Bhd3. Ts. Azlan Shah bin Zainal Arif, Executive Director of Minetech Resources Bhd4. Matt Chin Leong Choy, Executive Director of Minetech Resources Bhdhttps://www.acnnewswire.com/topimg/Low_Minetech02301112.jpgMinetech Resources Berhad: 7219 [BURSA: MINE], https://minetech.com.my/ Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Avendus appoints Sumit Dayal as Independent Non-Executive Director in Singapore ACN Newswire

Avendus appoints Sumit Dayal as Independent Non-Executive Director in Singapore

January 10, 2023
SINGAPORE, Jan 10, 2023 - (ACN Newswire via SEAPRWire.com) - Avendus, one of India's leading institutional financial services companies, announced the appointment of Sumit Dayal as Independent Non-Executive Director in Singapore today. He will provide guidance and corporate governance oversight as a Board member to Avendus Capital Pte. Limited (Singapore).Sumit DayalA seasoned banker with over 30 years of corporate and investment banking experience, spent 16 years as Managing Director and headed various business units of Standard Chartered Bank in Singapore and Hong Kong. He also spent over 13 years in multiple roles in Bank of America across client risk and client coverage based in India, Singapore, and Hong Kong in the past.Commenting on the appointment, Gaurav Deepak, Co-founder and CEO, Avendus Capital said, "We are delighted that Sumit has decided to join Avendus Singapore. We're confident that his exceptional experience and advisory will be of immense value to the franchise as we focus on making Singapore a strong base to grow our institutional franchise in Investment Banking, Institutional Equities and Wealth Management."Sumit Dayal, Independent Non-Executive Director, Avendus Capital Pte. Limited said, "I am delighted to join Avendus. It's an institution that has been built on very strong fundamentals and one that I have admired immensely. I am looking forward to working with the firm to further deepen its linkages in the APAC region."About Avendus Avendus Group is a leading financial services firm with presence in the areas of Investment Banking, Wealth Management, Credit Solutions and Asset Management. Established in 1999 in Mumbai, India, Avendus is today present in 10 cities across India, US, UK and Singapore. Avendus partners with the Indian entrepreneur ecosystem to provide differentiated solutions that enable clients to meet their strategic aspirations.Avendus Capital, the investment banking arm, is consistently ranked among the top investment banks in the country on the back of its in-depth domain understanding and a best in the class track record of domestic and cross-border transactions. Avendus' wide range of clients is testimony to its ability to serve its corporates throughout their life cycle -- from growth stage funding to large-sized transactions and M&A advisory. Avendus Capital Inc located in New York is an Avendus Group entity offering M&A and Private Equity syndication services to clients in the US. Avendus Capital Pte Limited located in Singapore is an Avendus Group entity undertaking Fund Management business in Singapore. For more information, please visit www.avendus.com. Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Bintai Kinden Expands Further into O&G ACN Newswire

Bintai Kinden Expands Further into O&G

January 3, 2023
PETALING JAYA, Malaysia, Jan 3, 2023 - (ACN Newswire via SEAPRWire.com) - Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, is pleased to announce that the Company's 51%-owned sub-subsidiary, Bintai Energy Sdn Bhd ("BESB"), has been awarded a series of subcontracts by Petro Flanges & Fittings Sdn Bhd (PFF) and various customers recommended by PFF, involving the supply of high-grade carbon steel/stainless steel piping, valves and piping accessories to various oil and gas (O&G) businesses valued at RM4.0 million.Executive Director of Bintai Kinden, En. Azri AzeraiThe value of accumulated subcontracts secured through PFF in which BESB is the identified special purpose vehicle for the supply of materials to the O&G industry is now RM12.9 million. PFF is a supplier of pipes, flanges, fittings, valves and other O&G-related equipment.In a separate announcement, the Company is also pleased to note that BESB has received approved licenses as dealers of instrumentation cables and general cables in relation to power and control from Petronas. The licenses are effective from 11 August 2022 to 10 August 2025.Bintai Kinden also announced that BESB is partnering Puncak Logam Sdn Bhd (PLSB), whose principal business is the trading and marketing of goods, to ensure faster delivery time of products to clients through storing its products, which includes pipe, fittings, flanges, gaskets, stud bolts and structure materials and any other goods in PLSB's facility while enabling PLSB to source for purchasers in Malaysia for these products.En. Azri Azerai, Executive Director of Bintai Kinden said, "The latest award of subcontracts to BESB is part of the partnerships and tie-ups we are pursuing to grow our O&G-related business. This includes seeking opportunities and partnerships with companies that share the same vision as Bintai Kinden, in Southeast Asia. We are now expanding into Indonesia through a local partner in the country. We are also delighted with the award of the licenses by Petronas enabling us to supply products and services to O&G businesses in Malaysia. This will certainly be a boost to our O&G arm."En. Nuraiman bin Shaiful Annuar, Director of Bintai Energy said, "The partnership with PLSB is strategic to the growth of our O&G-related business because we believe logistics will be important in the supply-chain. It will ensure that products get to clients faster and also at the same time, PLSB will help us to market the products in Malaysia."En. Amli Mohamed Amin, Managing Director of PLSB said, "Our partnership with BESB ensures that there are always an inventory of O&G products on-hand that can be shipped out to clients. Given the uncertainties related to the global supply chain, our facility offers a stock of ready supply while at the same time, we can help market these products through our network of clients."Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/ Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Shares of Major Global Medical Device Manufacturer OrbusNeich Medical Group Commence Trading on the Main Board of The Stock Exchange of Hong Kong ACN Newswire

Shares of Major Global Medical Device Manufacturer OrbusNeich Medical Group Commence Trading on the Main Board of The Stock Exchange of Hong Kong

December 23, 2022
HONG KONG, Dec 23, 2022 - (ACN Newswire via SEAPRWire.com) - Shares of OrbusNeich Medical Group Holdings Limited ("OrbusNeich" or the "Group"), a major global medical device manufacturer specialized in interventional instruments for percutaneous coronary intervention (PCI) and percutaneous transluminal angioplasty (PTA) procedures, today commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited ("HKEX"), under the stock code 6929. Mr. Teddy Chien, Chairman Emeritus and Founder (right) and Mr. David Chien, Chairman, Executive Director, Chief Executive Officer (left), together strike the ceremonial gong, marking the Group's listing on the Main Board of HKEXMr. David Chien, Chairman, Executive Director, Chief Executive Officer (right) presents a souvenir to HKEXOrbusNeich makes a generous donation of HK$3,000,000 to HKEX Foundation to secure the auspicious stock code number "6929". Mr. David Chien, Chairman, Executive Director, Chief Executive Officer (right) presents the cheque to HKEX(From left to right): John Chow,Executive Director and Head of Business Development; Jason Chen, Executive Director, Chief Financial Officer and Company Secretary; Gloria Tam, Independent Non-executive Director; Denise Lau, Executive Director and Chief Operating Officer; Teddy Chien, Chairman Emeritus and Founder; David Chien, Chairman, Executive Director and Chief Executive Officer; George Lau, Independent Non-executive Director; Angus Chan, Independent Non-executive DirectorAbout OrbusNeich Medical Group Holdings LimitedOrbusNeich is a major global medical device manufacturer specialized in interventional instruments for percutaneous coronary intervention (PCI) and percutaneous transluminal angioplasty (PTA) procedures. Headquartered in Hong Kong, China, OrbusNeich sells products to over 70 countries and regions worldwide, and it is also the only PCI balloon manufacturer headquartered in China that ranked among the top 6 players in all major overseas PCI balloon markets including Japan (Ranked No. 2), Europe (Ranked No. 4), and the U.S. (Ranked No. 6) in terms of sales volume of PCI balloons in 2021 in accordance with the CIC Report. In addition, in terms of sales volume of PTA balloons in 2021, it ranked No. 3 in Japan and No. 4 in the U.S., respectively. It also specializes in coronary stent products and is actively expanding into neuro vascular intervention and structural heart disease areas. OrbusNeich owns more than 180 granted patents globally. Its in-house R&D team has over twenty years of product development experience and has developed proprietary, world leading technologies. For more details, please visit the Group's official website: https://orbusneich.com/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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CleverTap Appoints Samer Saad as Regional Sales Director for META Region ACN Newswire

CleverTap Appoints Samer Saad as Regional Sales Director for META Region

December 13, 2022
Mountain View, Calif., Dubai, UAE and Mumbai, India, Dec 13, 2022 - (ACN Newswire via SEAPRWire.com) - CleverTap, the World's #1 Retention Cloud today announced the appointment of Samer Saad as the Regional Sales Director for its META Region and will be based out of Dubai.Samer has over a decade of experience in building and scaling sales teams across the MEA region. He joins from Appsflyer, where he was the Regional Manager for the MEA region and has led partnership sales and agency roles across Criteo and Yahoo!. As CleverTap increases its focus into META Region, it has ensured the local presence of all sub functions that are needed locally to scale the business, and Samer will lead the mandate to scale the growth charter."We are all excited to have Samer onboard! With 120+ existing customers in the region, we have a robust foundation to further scale in the region. I am confident that Samer will help us embark on the next phase of our growth journey in the META region," said Vikrant Chowdhary, Chief Growth Officer, CleverTap."I am thrilled to join CleverTap as it has emerged as the global leader in the retention cloud category. The SaaS industry is one of the most promising across the world, and I am looking forward to being a part of the CleverTap journey, in becoming the preferred retention cloud partner for all digital native brands in the META region," said Samer Saad, Regional Sales Director, META, CleverTap.About CleverTapCleverTap is the World's #1 Retention Cloud that helps app-first brands personalize and optimize all consumer touch points to improve user engagement, retention, and life-time value. It's the only solution built to address the needs of retention and growth teams, with audience analytics, deep-segmentation, multi-channel engagement, product recommendations, and automation in one unified product.The platform is powered by TesseractDB(TM) - world's first purpose-built database for customer engagement, offering both speed and economies of scale.CleverTap is trusted by 1500 customers, including Gojek, ShopX, Electronic Arts, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John's, and Tesco.Backed by leading investors such as Sequoia India, Tiger Global, Accel, and CDPQ the company is headquartered in Mountain View, California, with presence in San Francisco, New York, Sao Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Singapore, and Jakarta. For more information, visit clevertap.com or follow on LinkedIn and Twitter.Forward-Looking StatementsSome of the statements in this press release may represent CleverTap's belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements.CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunctionFor more information:SONY SHETTYDirector, Public Relations, CleverTap+91 9820900036sony@clevertap.comVISHAAL MUDHOLKARConsultant, Archetype+91 9724309069vishaal.mudholkar@archetype.co Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Samaiden Shareholders Pass All Resolutions at AGM ACN Newswire

Samaiden Shareholders Pass All Resolutions at AGM

December 9, 2022
PETALING JAYA, Malaysia, Dec 9, 2022 - (ACN Newswire via SEAPRWire.com) - Samaiden Group Berhad, a renewable energy (RE) specialist principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power plants, reported that shareholders have passed all resolutions at the 3rd AGM held today.Group Managing Director of Samaiden, Ir. Chow Pui HeeAmong the resolutions passed were the re-election of Lim Poh Seong and Fong Yeng Foon as directors pursuant to the Constitution of the Company as well as the re-appointment of TGS TW PLT as auditors of the Company. Shareholders also passed the resolution empowering the board of directors to issue and allot up to 10% of the total number of issued shares of the Company for the time being pursuant to Sections 75 and 76 of the Companies Act 2016.Group Managing Director of Samaiden, Ir. Chow Pui Hee said, "This is the first ever AGM we are holding physically ever since Samaiden was listed in October 2020 on the ACE Market. We are glad to meet our shareholders and would like to thank them for their trust and confidence in us as we endeavoured to steer the business safely through the COVID-19 pandemic. While financial year ended 30 June 2022 (FY2022) has not been without its challenges, we note the increasing adoption of RE as businesses and organisations come to terms with climate change and also volatile fossil fuel costs.""Over the mid-to-long term, we see greater clarity for RE given the rollout of the National Energy Policy 2022-2040 in September 2022 outlining the key priorities for Malaysia's socioeconomic development. Given that sustainability practices are increasingly being used to benchmark businesses, easy access and the ready availability of RE is crucial for growth as it also covers other indices used to gauge green attributes such as carbon credits, carbon emissions and RE certificates.""We view positively the more stable political climate in Malaysia as this will boost investor sentiment and funding for more RE infrastructure. Samaiden continues to seek opportunities to offer our EPCC services for the installation of solar PV systems as well as solar and non-solar power plants by leveraging on our core competency and experience in providing end-to-end services for potential solar PV and other non-solar projects."Samaiden has an outstanding orderbook of RM325.40 million as at 30 September 2022 with earnings visibility over the next three years.Samaiden Group Berhad: 0223 [BURSA: SAMAIDEN], https://samaiden.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Bintai Kinden Awarded RM39 Million Project from TNB ACN Newswire

Bintai Kinden Awarded RM39 Million Project from TNB

November 25, 2022
PETALING JAYA, Malaysia, Nov 25, 2022 - (ACN Newswire via SEAPRWire.com) - Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, is pleased to announce that the Company's wholly-owned subsidiary, Kejuruteraan Bintai Kindenko Sdn Bhd (KBK), has been awarded a project worth RM39.0 million for the installation of a 132kV underground cable double circuit from Tenaga Nasional Berhad (TNB).En. Azri Azerai, Executive Director of Bintai KindenThe project's scope of work involves installing a new 132kV XLPE cable system from the PMU Financial Centre to the GDS Data Centre Substation located in Nusajaya, Johor. The new XLPE cable comprises two circuits, and three phases, with one cable of 1600mm2 copper per phase.KBK, a specialist in M&E engineering services, has 319 days from commencement to complete the project.En. Azri Azerai, Executive Director of Bintai Kinden said, "The Company continues to make progress in seeking more projects leveraging on its expertise and experience in M&E engineering services including design, installation and commissioning. This latest project award from TNB reflects the opportunities stemming from the growth momentum in the economy.""We are also committed to growing our range of expertise and are constantly looking to diversify as we transform to become a conglomerate through investing in unique and niche businesses with huge earnings accretive potential."Past TNB projects in which Bintai Kinden has been involved in include the 132kV Kuchai Lama switching station, 132kV MRT Bukit Serdang switching station, 132kV single-circuit underground cable from PMU Galloway to PMU KLCC2 and, 132kV bulk supply connection to KTMB Sentul feeder station.Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Bintai Kinden Ventures into Telco through Agreement with MN Permai Netcom ACN Newswire

Bintai Kinden Ventures into Telco through Agreement with MN Permai Netcom

November 10, 2022
PETALING JAYA, Malaysia, Nov 10, 2022 - (ACN Newswire via SEAPRWire.com) - Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, today announced that the Company's wholly-owned sub-subsidiary, Johnson Medical International Sdn. Bhd. (JMI), has formalised a strategic venture with MN Permai Netcom Sdn. Bhd. (MNP) for the sales, marketing and installation of telecommunication services to healthcare centres and other medical sites governed by the Ministry of Health of Malaysia (MOH) under JMI's portfolio.Azri Azerai, Executive Director of Bintai KindenJMI is specialised in healthcare solutions and medical support systems while MNP is an end-to-end telecommunications solutions provider covering smart fiber-to-the-home, smart cloud solutions, broadband, 3G as well as 4G/5G offload, smart poles and business cloud solutions, among others.Under the agreement, JMI will market telecommunication services to the MOH or any private hospital provided by MNP, which will be involved in sales as well as the installation of the services.Services provided by MNP include managing the backhaul network; supplying and installing access network equipment; interconnection with third parties; designing the interconnection and backhaul network infrastructure; designing infrastructure access network; maintaining the access network; supplying and installing technical-based on-site requirements and; providing maintenance services.Azri Azerai, Executive Director of Bintai Kinden (Download) Azri Azerai, Executive Director of Bintai Kinden said, "This agreement leverages on the strengths of both parties. JMI has a network of hospital contacts with a solid presence in Malaysia and understand the needs of hospitals and people who work in them. We listen to our customers and want to provide them with services or products that solves their problems or fulfil their needs. The telecommunications services offered by MNP enables faster data transfer speed as well as application performance, faster streaming of videos, reduces buffering, increases data transfer capability and enables interactivity."Malik Faizal Bakar, Managing Director of MNP said, "We look forward to working with JMI to provide telecommunications infrastructure and services to hospitals. Ever since our establishment in 2014, we have expanded to become a provider of comprehensive services ranging from planning, building, operating and optimising networks including inside plant solutions, outside plant solutions and technical support. We also have the expertise in managing large telco infrastructure projects as we were awarded a 120-km fiber optic project in Penang."Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Southern Score Builders Berhad Completes Regularisation Plan ACN Newswire

Southern Score Builders Berhad Completes Regularisation Plan

November 9, 2022
KUALA LUMPUR, Nov 9, 2022 - (ACN Newswire via SEAPRWire.com) - Southern Score Builders Berhad (Bursa: SSB8, 0045), a former Guidance Note 3 (GN3) company, has completed its regularisation plan which involves, amongst others, the acquisition of Southern Score Sdn Bhd (SSSB), a G7 contractor. Following the acquisition, Southern Score Builders will be involved the provision of construction management services mainly for high-rise residential buildings. Shares of the Company also resumed trading after being suspended since December 2020.Gan Yee Hin, ED and CEO of Southern Score BuildersLed by an experienced and technically strong management team, SSSB adopts construction practices that support the efficiency optimisation of its construction projects. It adopts industrialised building system (IBS) in most of its development and construction projects which is aimed at increasing productivity and improving quality of its projects. Besides that, by leveraging on its asset-light and flexible delivery model, SSSB is able to offer a standardised and cost-efficient building process which enables scalability and flexibility with lower exposure to cyclicality and house prices.SSSB recorded net profit of RM6.51 million, RM19.20 million and RM35.18 million in the financial years ended 31 December 2019, 2020 and 2021 respectively, and realised net profit margin of 9.7%, 12.9% and 12.3% in the 3 years.The regularisation plan involved, amongst others, the acquisition of the entire equity interest in SSSB from Super Advantage Property Sdn Bhd for a purchase consideration of RM252.0 million satisfied via the issuance of 1.68 billion consideration shares. Super Advantage, being the vendor of SSSB, has provided cumulative net profit guarantee of RM80.0 million over the three-year period from 2022 to 2024.Other than the acquisition, the completed regularisation plan also entailed the following:- consolidation of every ten existing shares in Southern Score Builders into one consolidated share;- settlement of debt amounting to RM3.1 million to Mr. Chai Tham Poh, an Executive Director of Southern Score Builders, via the issuance of 20.67 million of settlement shares;- private placement of 543.05 million shares at an issue price of RM0.20 per share to identified investors; and- exemption under the take-over rules from the obligation to undertake a mandatory take-over offer for the remaining Southern Score Builders shares not already owned by Super Advantage as well as Tan Sri Datuk Seri Gan Yu Chai and Gan Yee Hin ("Exemption").The completion of the Regularisation Plan will allow the Company to return to a better and stronger financial standing and profitability. Further, the acquisition of SSSB will allow the Company to diversify its business into construction management services whereby the Company is expected to benefit from expected recovery in the construction sector.The shareholders of Super Advantage are Tan Sri Datuk Seri Gan Yu Chai, the Managing Director of Southern Score Builders, a veteran in the construction and property development industries with more than 30 years' experience as well as Gan Yee Hin, the Executive Director and Chief Executive Officer of Southern Score Builders.Executive Director and Chief Executive Officer of Southern Score Builders, Gan Yee Hin, said, "We would like to thank Bursa Securities for their guidance and support throughout the progression of regularisation plan. Our thanks also go to Kenanga Investment Bank Berhad, the principal adviser, sponsor and placement agent in relation to the regularisation plan and to Malacca Securities Sdn Bhd, the independent adviser for the Exemption. We would also like to acknowledge the work of the other professionals who worked diligently to ensure the successful completion of the regularisation plan.""As a listed entity, Southern Score Builders will be able to further expand our construction services while leveraging on our expertise and business network. We are also intensifying our venture in IBS production through the construction of a manufacturing plant as we see demand growing from the construction sector."About Southern Score Builders Berhad (formerly known as G Neptune Berhad)Southern Score Builders is principally involved in the provision of construction management services mainly in Kuala Lumpur. The scope of Southern Score Builders' construction services involves the provision of professional project management services from project initiation until the completion of construction works. These services encompass project initiation, planning and design, appointment of subcontractors, procurement; construction project management as well as inspection and completion handover. To-date, via SSSB, Southern Score Builders has completed several projects including, amongst others, the PR1MA Jalan Jubilee project. SSSB is a CIDB Grade 7 contractor. https://southernscore.com.my/Image Caption for Picture 1 https://www.acnnewswire.com/topimg/Low_SouthernScore202211109.jpgFrom L-R:Mr. Cheah Hannon, Independent Non-Executive Director of G Neptune BerhadMs. Yvonne Phe Kheng Peng, Independent Non-Executive Director of Southern Score Builders BerhadMr. Chai Tham Poh, Executive Director of G Neptune BerhadTan Sri Datuk Seri Gan Yu Chai, Managing Director of Southern Score Builders BerhadMr. Gan Yee Hin, Executive Director and Chief Executive Officer of Southern Score Builders BerhadDatuk Sydney Lim Tau Chin, Executive Director of Southern Score Builders BerhadDato' Haji Mohd Amran Bin Wahid, Non-Independent Non-Executive Chairman of G Neptune BerhadMs. Amy Too Siew Mooi, Independent Non-Executive Director of Southern Score Builders BerhadImage Caption for Picture 2https://www.acnnewswire.com/topimg/Low_SouthernScore2022111092.jpgFrom L-R:Mr. Cheah Hannon, Independent Non-Executive Director of G Neptune BerhadDato' Haji Mohd Amran Bin Wahid, Non-Independent Non-Executive Chairman of G Neptune BerhadDatuk Sydney Lim Tau Chin, Executive Director of Southern Score Builders BerhadTan Sri Datuk Seri Gan Yu Chai, Managing Director of Southern Score Builders BerhadMr. Gan Yee Hin, Executive Director and Chief Executive Officer of Southern Score Builders BerhadMr. Chai Tham Poh, Executive Director of G Neptune BerhadMs. Yvonne Phe Kheng Peng, Independent Non-Executive Director of Southern Score Builders BerhadMs. Amy Too Siew Mooi, Independent Non-Executive Director of Southern Score Builders Berhad Copyright 2022 ACN Newswire. 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Solar Energy Future MALAYSIA 2022 is on Fire ACN Newswire

Solar Energy Future MALAYSIA 2022 is on Fire

September 27, 2022
KUALA LUMPUR, Sep 27, 2022 - (ACN Newswire via SEAPRWire.com) - Malaysia's 2025 target to have 31% of total power capacity from renewable energy sources is expected to be supported by the strong solar sector growth. Based on SEDA Malaysia, the total potential of solar PV in Malaysia reaches 269GW, deriving from 210GW for ground-mounted, 42GW for rooftop, and 17GW for FPV. How exactly should the quota availability be matched?Energy Box is organizing a face-to-face real event Solar Energy Future MALAYSIA 2022 on November 8th in Kuala Lumpur, striving to be the equivalent of a hub for efficient exploration of the renewable energy market.The event aims to help the attendees seize upon a deep and comprehensive understanding of Malaysia's renewable energy market and dedicates themselves to improving business cooperation between Malaysia's local companies with international companies.Event details:Place: Kuala Lumpur, MalaysiaEvent Website: /www.energy-box.com/malaysia-1Event Agenda:Honored Speakers (confirmed/inviting)1. Ir. Ts. Dr. Wan Syakirah Dato' Wan Abdullah, Head Business Assessment and Engineering, TNB Renewables Sdn. Bhd.2. Sustainable Energy Development Authority (SEDA)3. Dr. Wei-nee Chen, VP, New Energy Ventures, Hibiscus Petroleum Berhad4. Davis Chong, Executive Director and Group CEO, Solarvest Holdings Berhad5. Tham Chee Aun, Group CEO, Ditrolic Energy6. Aisswarya Kumaran, Business Development Associate, Shizen Malaysia Sdn Bhd7. BorHung Chong, Head of Business Development | Managing Director (Malaysia), NEFIN Group8. Ping Mendoza, Renewable Energy Business Dev Lead, Shell9. Kiran Jethwa, Managing Partner, fumase10. Liuyi Yeoh, Head of Renewable Energies (Malaysia), TotalEnergies11. Marcus Andre Ong, Deputy General Manager - Asia Pacific, Mainstream Renewable Power12. Yalim Ozilhan, Southeast Asia Director, EDF Renewables13. Thang Chee Keong, CEO, Plus Xnergy14. Gan Boon Hean, CEO, Leader Energy Pte Ltd15. Kai Ilham Klingenhagen, General Manager, PETRONAS New Energy16. Niranpal Singh, Managing Director-Malaysia, BayWa r. e APAC17. Hairol Azizi Tajudin, Group Chief Executive Officer, Cenergi SEA18. Alexis Issaharoff, CEO, Antah Solar19. Arnfinn Unum, Country Manager Malaysia, Scatec Solar20. Ernesto Rua Garcia, Head Of Renewables, ENGIE South East Asia21. Ir. Pramod Kumar Karunakaran, Executive Vice President Project Delivery, Sarawak Energy Berhad22. Alvin Wong, Director Malaysia, Sunseap Group Pte Ltd23. Arnaud Ayral, Corporate Solutions Director, Blueleaf Energy24. Raja Amir Raja Azwa, CEO, HSBC Amanah Malaysia Berhad25. Martin David, Principal, Singapore & Head of Projects, Baker McKenzie Wong & Leow26. Erik Haugen, VP of Development, Asia at Ecoplexus, Inc.27 Ir. Pui Hee Chow, Group Managing Director, Samaiden Group Berhad Sdn Bhd28. Ndiame Diop,World Bank Country Director for Brunei,Malaysia, Philippines and Thailand, The World Bank29. Kean Poh Chua, Senior Manager, Group Project, EDRA Power Holdings Sdn Bh30. Chor Jack, Projects & Finance Lawyer (Partner)，Christopher & Lee Ong31. Susan Hemming, Executive Director, and Owner, Coara Solar Sdn Bhd32. Noor Shahiwan, CEO, SUNCROX SOLAR33. Philipp Merten, Director - Export & Agency Finance, Commerzbank AG34. Ashwin Narayanan, Head of Special Projects (Renewable Energy), Malakoff Corporation Berhad35. KK Kong Group CEO at Maqo Solar36. Narsingh Chaudhary ,Executive Vice President & Managing Director, Asia Pacific, Black & Veatch37. Amazon Web Services (AWS)38. Google39. Microsoft40. WeiChee Liew, South & SEA Managing Partner, ERM41. Yinson42. Rabia Ferroukhi, Director - Knowledge, Policy and Finance Center, International Renewable Energy Agency43. Dieter Billen, Partner - Energy, Sustainability & Infrastructure - South-East Asia, Roland Berger44. Antoine Gaudin, Power and Renewables Consulting, Wood Mackenzie45. Syamantak Dhar, Regional Category Lead, Energy and Utilities, NestleEnergy Box Intro Energy Box is one of the largest vertical international media companies, dedicated to renewable energy(solar, wind, energy storage, green hydrogen).Business: Pan Europe, Africa & Middle Eats, LATAM and Asia. Currently we have had 40+ events , sales consulting, projects development, financing, meetings, interviews and peer to peer services.- Daily Emailings: 100,000+ - Social Media Blasts: 2 million impressions( Globally)Energy Box Linkedin: www.linkedin.com/company/energyboxexpo/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Accounting & Finance in Business Leaders to Gather in Singapore Later this Month ACN Newswire

Accounting & Finance in Business Leaders to Gather in Singapore Later this Month

September 8, 2022
Singapore, Sep 8, 2022 - (ACN Newswire via SEAPRWire.com) - The Accounting & Finance Show Singapore finally returns to Singapore in person this 20-21 September 2022. This is the first in-person edition of the event since 2019, following multiple virtual editions during the pandemic and marks the first time this community has been able to gather at scale in the region.Over 2,000 SME & enterprise finance leaders, accountants in practice, accountants in business and bookkeepers will be in attendance at Singapore's Suntec Convention & Exhibition Centre to reconnect, discover the latest innovations in finance for business and learn how to run their companies better or more effectively advise their clients."After two virtual editions in 2020 and 2021, it's fantastic to finally be able to bring this community back together under one roof," says Laura Binns, General Manager at Terrapinn. "During the last two years, there has been an unbelievable amount of progress as more companies than ever before were forced to accelerate their digitization. Now is the time to cement those innovations and explore what more we can do to prepare our businesses for the future."Over 80 sponsors, exhibitors and partners will be in attendance, showcasing the latest innovations in accounting software, finance management tools and helping attendees transform and streamline their working practices, including Title Sponsor Xero (returning for the 5th year running), Diamond Sponsor Aspire and Platinum Sponsor Spenmo.Across seven different content themes (Finance Transformation: The Essentials; Ditial Practice: Practice Management; Digital Innovation; Grow Your Business: Cash Flow & Funding; Finance Transformation: Augment & Grow; Grow Your Business: Strategy & People and Digital Practice: Business Advisory), attendees will hear from true leaders in the space, including:- Duane Ho, Group CFO, Oceanus Group- Koren Wines, Managing Director, Xero Asia- Andrea Baronchelli, Co-Founder & CEO, Aspire- Elyne Eng, Regional Finance Director, Spencer Ogden- Xiang Jie Chung, Vice President Finance, CARRO- Yee Ling Choo, Financial Director Asia Pacific, Middle East & South Africa, Electrolux- Mohandass Kalaichelvan, CEO, Spenmo- Batya Shulman, Partner, St James' Place Wealth Management- Richard Hayler, Chief Financial Officer, Nutrition Technologies- Nancy Chu, Director of Finance, Eightstone Oclaner- Charles Chen, Managing Director, CAP Advisory Group- Cherie Sim, Group Financial Controller, Owndays Singapore- Benjamin Chin, Regional Finance Director, ECCO- June Cho, Portfolio Chief Financial Officer, Stepping StoneFor event information and full conference agenda, visit www.terrapinn.com/accountingfinanceshowAbout The Accounting & Finance Show Singapore 2022:The Accounting & Finance Show Asia 2022 will take place on 20-21 September 2022 atSuntec Convention & Exhibition Centre in Singapore. The event will comply with prevailingguidelines on COVID-19 safety.About Terrapinn:Terrapinn has been sparking ideas, innovations and relationships that transform business forover 30 years. Using our global footprint, we bring innovators, disrupters and change agentstogether, discussing and demonstrating the technology, strategies and personalities that arechanging the way the world does business. Whether you're looking to make newconnections, introduce product or inspire change in your industry, we invite you to join us asagitators of change. Terrapinn -- spark something.Press attendance is complimentary. Enquiries should be directed to:Jia Le LimMarketing ManagerTerrapinn Asiajiale.lim@terrapinn.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Apeiron Bioenergy closes equity investment from Mitsui Chemicals, poised to capture exponential growth in bioenergy market with Pan-Asian presence ACN Newswire

Apeiron Bioenergy closes equity investment from Mitsui Chemicals, poised to capture exponential growth in bioenergy market with Pan-Asian presence

August 31, 2022
SINGAPORE, Aug 31, 2022 - (ACN Newswire via SEAPRWire.com) - Apeiron Bioenergy has successfully closed an equity financing round from Mitsui Chemicals. The funds will support Apeiron to increase its collection capacity for waste-based feedstocks across Asian markets and position the company for exponential growth amidst growing demand for renewable feedstock for advanced biofuels such as sustainable aviation fuel (SAF). From left: Chris Chen, Managing Director, Apeiron Bioenergy; Tadashi Yoshino, Representative Director, Mitsui ChemicalsAccording to the International Energy Agency , global demand for renewable diesel is set to more than double, or by 11 billion litres, over the next five years. The demand mainly stems from government regulations in the US and the EU as established in the decarbonisation targets by COP26. However, the planned capacity is set to outpace domestic feedstock supply significantly, and production must keep up with the climate emergency - where will the additional feedstock come from?A leading integrated player and solutions provider in the bioenergy space, Apeiron Bioenergy, collects and processes a range of renewable feedstocks including used cooking oil (UCO) and palm oil mill effluent (POME) acts as a critical exporter across an ever-expanding Asian market. Over the past 15 years, Apeiron Bioenergy has built its presence in over 10 countries and collected more than 500 million litres of UCO between 2017-2021, offsetting an estimated 1.5 million tonnes of carbon emissions. "Zero Carbon emissions is one of our strategic targets by 2050. As one of Japan's leading chemical companies, our investment in Apeiron is our way of contributing to solving the world's future environmental issues," said Tadashi Yoshino, Representative Director, Managing Executive Officer, Mitsui Chemicals. "Apeiron Bioenergy has a proven track record of aggregating renewable feedstock and streamlining the supply chain across Asia. We are delighted to invest in the company as it aligns with our sustainability goals."Apeiron Bioenergy's access to diversified sources and networks of feedstock and relationships with downstream customers means it is in an excellent position to access and supply downstream by-products for Mitsui Chemicals to help achieve its net zero targets.With Mitsui Chemicals serving as a strategic investor, Apeiron Bioenergy will be well-positioned to meet the substantial rise in demand for biofuels by ramping up its capacity of collection points and processing facilities through both organic and inorganic growth. The company is actively seeking to acquire or collaborate with local collectors of sustainable feedstocks in the Asian markets."Tackling supply chain issues in Bioenergy across Asia requires a community-focused, collaborative approach - our seasoned management team has proven that we can resolve supply chain inefficiencies with our multicultural and multi-jurisdictional strategy," said Chris Chen, Managing Director of Apeiron Bioenergy. "We will be ramping up our collection capability, collaborating closely with our downstream partners to resolve the wider sustainability problem of reducing carbon emissions across the land, sea and air transportation spaces."For all media queries, please contact:Chi-an ChangFinancial PRT: +65-6438-2990E: chi-an@financialpr.com.sg Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Thousands of educators, policymakers & technology leaders assemble to discuss the future of education in Thailand ACN Newswire

Thousands of educators, policymakers & technology leaders assemble to discuss the future of education in Thailand

August 25, 2022
BANGKOK, Aug 25, 2022 - (ACN Newswire via SEAPRWire.com) - On 14-15 September 2022, EDUtech Thailand (www.terrapinn.com/virtual/edutech-thailand/index.stm) will once again bring together the entire education ecosystem in Thailand to discuss new strategies, pedagogies, and innovations to bring inspiration in education to all. Over the two days, over 100 expert speakers (www.terrapinn.com/virtual/edutech-thailand/speakers.stm) from K-12 Schools and higher education institutions across Thailand will be addressing key themes such as Digital Leadership, Hybrid Learning, and Next-Gen Tools and Pedagogy in both English and Thai. Headlining the festival agenda is Chayaporn Wattanasiri, President of Mae Fah Lung University. She'll be sharing higher education's move into the digital age, especially in the area of assessments. Additional featured speakers at EDUtech Thailand include: - Prof Banchong Mahaisavariya, President, Mahidol University - Assoc. Prof Jirapon Sunkpho, Vice President of Information Technology, Graduate Program in IT Policy and Management, Thammasat University - Dr. Vinutthaput Phophet, Principal, Pakkred Secondary School - Asst. Prof. Anucha Somabut, Acting Director, Learning and Teaching Innovation Center, Khon Kaen University - Dr. Krittika Tanprasert, Director of the Learning Institute, King Mongkut's University of Technology Thonburi - Dr Atthawet Prougestaporn, Vice Rector for Academic and Faculty Affairs, Dusit Thani College - Dr. Lugkana Worasinchai, Co-Managing Director, IKI-SEA Vice President, Bangkok University - Varantorn (Ome) Thiensri, Associate Director of ICT, Harrow International AISL - Vinutthaput Phophet, Principal, Pakkred Secondary School - Dr Piyarat Khanthap, Director of ICT and K-12 ICT Coordinator, KIS International School, Bangkok - Arnan (Roger) Sipitakiat, Ph.D., Director, Teaching and Learning Innovation Center, Chiang Mai University - Dr Chanita Rukspollmuang, Assistant President, Siam University - Assoc. Prof. Chailerd Pichitpornchai, Director for Institute for Innovative Learning, Cognitive Neuroscience, Faculty of Medicine Siriraj Hospital, Mahidol University - Fuangarun Preededilok, Chair, Division of Development Education, Faculty of Education, Chulalongkorn University - Rebecca Owens, Head of Secondary, Bromsgrove International School - Wigran Jornthapa, School Director, Jornchanasuksa School - Jacqui Brelsford, University Counsellor, British International School, Phuket - Richard Burkhill, Director of Digital Learning, Rugby School, Thailand Running alongside the conference is a virtual exhibition hall showcasing the latest education technologies by edtech leaders including Lenovo, Google for Education, Amazon Web Services, Zoom, Coursera for Campus and more (www.terrapinn.com/virtual/edutech-thailand/partners.stm). The two-day free-to-attend conference and exhibition is expected to gather over 1,000 education stakeholders from Thailand and beyond. About EDUtech Thailand 2022 Date: 14-15 September 2022, LIVE ONLINE Conference & Exhibition opening hours: 08:30 am ICT Website: www.terrapinn.com/virtual/edutech-thailand/index.stm Register: https://secure.terrapinn.com/V5/step1.aspx?E=10577 About Terrapinn Terrapinn is a business media company. Its products are trade exhibitions, conferences, training solutions and electronic and print publications. For more information, please visit www.terrapinn.com. Note: Press registration for the conference is compulsory and advance scheduling for speaker/ sponsor interviews is recommended. Press passes are strictly reserved for reporters, journalists, editors only. Final issuance of press passes is subjected to Terrapinn's discretion. For your complimentary press pass, please contact the following: Edlyn Cho Marketing Terrapinn Pte Ltd edlyn.cho@terrapinn.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Singapore embraces untapped potential of AI at Trescon’s 36th global edition of World AI Show ACN Newswire

Singapore embraces untapped potential of AI at Trescon’s 36th global edition of World AI Show

August 16, 2022
The 36th global edition of World AI Show was hosted at Marina Bay Sands on 3 – 4 August 2022, as a part of the world tour conceptualized and managed by global business events and consulting firm, Trescon. These events have successfully completed several editions across the world including Dubai, Amsterdam, Mumbai, Moscow, Nairobi, Frankfurt, Mauritius, Kuala Lumpur, Qatar, Thailand, Jakarta, Malaysia, Manila, Riyadh, Australia, to name a few.Singapore, Aug 16, 2022 - (ACN Newswire via SEAPRWire.com) - The 36th edition of World AI Show wrapped with a two-day power-packed conference that acted as a vital driver for Singapore's bold vision of using innovation and technology; to broaden its goals by bringing together government leaders and an inspirational line-up of AI experts and solution providers. Over 50 speakers from all over the world, including important stakeholders in Singapore's digital revolution spoke at the event.The conference was based on assisting major organisations and enterprises from both the public and private sector in developing and delivering best practices to drive AI innovation and adoption in Singapore. It presented varied insights and points of view from a diverse industry by exchanging ideas, addressing significant learning, and emphasising new developments from the business, government, and professional sectors.Some of the top speakers who attended World AI Show that took place on the 3rd and 4th of August 2022 included:Jason See; Senior Director, Data Science & Artificial Intelligence Division (DSAID), GovTech, SingaporeSutowo Wong; Director, Data Analytics, Ministry of Health, Singapore, SingaporeDennis Khoo; Director (Port Systems), Maritime and Port Authority of Singapore (MPA), Singapore Simon Chesterman; Senior Director of AI Governance, AI Singapore, Dean, Faculty of Law & Vice Provost (Educational Innovation), National University of Singapore, SingaporeMiao Song; Global Chief Information Officer, GLP, SingaporeJames Ang; Senior Vice President, APAC, Dataiku, SingaporeAlex Aung; Director; Sales Engineering (South Asia), Dataiku, SingaporeAdrian Tan; Solutions Engineer, Alteryx, SingaporeAlex Hoehl; Regional VP, ASEAN & Korea, Denodo, SingaporeAmit Sawarkar; Director of Strategic Partnerships, TigerGraph, Singapore Steven Hoi; MD of Salesforce Research Asia, Salesforce, SingaporeAshish Pandey; Advisory Solution Consultant, ServiceNow, SingaporeSerene Keng; Country Manager, Singapore, Channel and Alliance Head APAC, TigerGraph, SingaporeVidhu Gautam; MD, Easy Data Analytics Pte Ltd, SingaporeDanielle Jiang; Deputy Director - AI Development Office, FinTech Innovation Group, Monetary Authority of Singapore (MAS)Shivam Bansal; Senior Data Scientist, H2O.ai, SingaporeVidhu Gautam; MD, Easy Data Analytics Pte Ltd, SingaporeTauhid Abddul Jalil; Principal Consultant, Southeast Asia, Laiye and more.Jason See; Senior Director, Data Science & Artificial Intelligence Division (DSAID), GovTech, Singapore, spoke at length on the topic ‘Outlining how the government is using AI to enhance government services’. He made strong points and was quoted saying, “By automating government processes and using data analytics, the government is able to improve the quality and efficiency of its services. The government is also using AI to better understand the needs of its citizens and to provide them with personalised services.”Sutowo Wong; Director, Data Analytics, Ministry of Health, Singapore, Singapore on ‘Building the Foundation for Resident Centric Health’. He was quoted saying, "AI has the potential to transform and automate the healthcare industry, but it's no silver bullet. AI works most effectively when it's coupled with human experts, who can use its analytical power to refine and augment its results. AI can improve efficiency for providers, but it can't be expected to help providers alone transform a broken health-care system."While delivering his tech talk on 'How to Formulate a Winning AI Strategy?', Alex Aung, Director, Sales Engineering (South Asia), Dataiku, Singapore, stated, "Try to remove frictions, build resilience, create culture and bet your AI journey and AI models will optimize all your businesses across the board."One of the most prominent panel discussions witnessed at the event discussed ‘AI & Data Strategy: Driving innovation in data science maturity to create value in organizations.’ The speakers on the panel included Sutowo Wong, Director, Data Analytics, Ministry of Health, Singapore, Singapore; Son Tran, Chief Information Technology Officer, Prudential Vietnam, Prof. Simon Chesterman, Senior Director of AI Governance, AI Singapore, Dean, Faculty of Law & Vice Provost (Educational Innovation), National University of Singapore, Singapore; Dr. Steven Hoi, Managing Director, Salesforce Research Asia; Dr. Meri Rosich, Chief Data Officer, Standard Chartered Bank and Moderated by Arivuvel Ramu, Group Chief Technology Officer TONIK (Digital Bank).In this panel discussion, panellists gave their insights on how AI and data strategies help organisations make smarter business decisions and how AI can be used to forecast business outcomes and consumer outcomes which will help organisations improve their products and services, increase customer satisfaction, reduce costs, create new revenue streams, and reduce risk.Another notable panel discussion during the event covered the topic ‘Unlocking the true benefits of AI in the field of customer experience.’ The speakers on the panel included Dietmar Bohmer, Chief Analytics Officer, Tyme; Sourabh Chitrachar, Regional VP (Asia) – Technology Strategy & Ops, Liberty Mutual Insurance; Ashish Kulkarni, Director and Product Owner, Standard Chartered Bank; Moderated by Geetha Gopal, Head of Infrastructure Projects Delivery and Digital Transformation, Panasonic Asia Pacific.The panel addressed how regional digibanks are using AI to compete with well-established market competitors, propelled by the power of data, increased customer satisfaction, and optimization of customer service hours spent by proactive use of sentiment analysis and conversational AI. Industry-specific regulations are driving their applicable AI boundaries, as well as the possibility and need for industry-agnostic AI standards. Changing operating models to use trustworthy data and processes and complement a clearly defined AI business strategy.Miao Song, Global CIO, GLP, Singapore shared insights on ‘AI and Digital Transformation in a changing world.' She was quoted saying, "Digital transformation is the art of understanding today's challenges, building for the future, and capturing today's opportunities. This requires firms to use AI, automation, analytics, and supply chain visibility to achieve a competitive edge. AI is a journey, not a destination."Adrian Tan; Solutions Engineer, Alteryx, Singapore, while delivering his tech talk on 'The Democratization of Analytics: Scale the impact of analytics across the organization', stated, “We need to make analytics easy. We have to go from data to insights in a matter of seconds and minutes as compared to days and weeks. We need to be able to cover everything right from ELT and data prep, all the way through advanced analytics, spatial analysis, and even automated insights.""We are happy to close yet another fantastic World AI Show in Singapore. The love and respect this series have received once again is extremely good for not just for Trescon, but the entire tech community in Singapore and beyond. We’re sure that we’re well on the way to make this event one of Singapore’s most important, and well-attended AI conference," stated Mithun Shetty, CEO, Trescon.The 36th global edition of World AI Show is officially sponsored by:Lead Sponsor – Dataiku | TechData;Gold Sponsors – Denodo, Alteryx, Servicenow, Soroco, TigerGraph, ai | H2O.ai;Silver Sponsors – Laiye & Mulesoft;Bronze Sponsors - Altair, Vuram, Aerospike & Sitecore.Exhibitor - UniphoreAbout World AI ShowWorld AI Show is a thought-leadership-driven, business-focused, global series of events that take place in strategic locations across the world. It connects top AI experts, enterprises, government representatives, data scientists, technology leaders, startups, investors, researchers, academicians, and global AI innovators – to discuss the impact of AI on commercial applications and the revolutionary ways it can transform businesses and government functions.About TresconTrescon is a global business events and consulting firm that provide a wide range of business services to a diversified client base that includes corporations, governments and individuals. Trescon is specialized in producing highly focused B2B events that connect businesses with opportunities through conferences, roadshows, expos, demand generation, investor connect and consulting services.For more information visit: worldaishow.comFor further details about the announcement, please contact:Jagriti JaiswalMarketing Lead, Tresconmedia@tresconglobal.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Bintai Kinden JV Wins Contracts to Supply O&G-Related Equipment ACN Newswire

Bintai Kinden JV Wins Contracts to Supply O&G-Related Equipment

July 28, 2022
PETALING JAYA, Malaysia, Jul 28, 2022 - (ACN Newswire via SEAPRWire.com) - Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, is pleased to announce that Bintai Energy Sdn Bhd (Bintai Energy) has been awarded a series of additional sub-contracts by Petro Flanges & Fittings Sdn Bhd (PFF) to supply high-grade carbon steel/stainless steel piping, valves and piping accessories with a value of approximately RM4.43 million to companies in the oil and gas (O&G) industry.Azri Azerai, Executive Director of Bintai KindenBintai Kinden, through wholly-owned subsidiary Kejuruteraan Bintai Kindenko Sdn Bhd (KBK), has a 51% interest in Bintai Energy, with the other 49% interest held by PFF. KBK is a M&E engineering services specialist while PFF is a supplier of pipes, flanges, fittings, valves and other O&G-related equipment.En. Azri Azerai, Executive Director of Bintai Kinden said, "These sub-contracts are a welcome addition to the stable of sub-contracts under KBK and we believe that the partnership we have with PFF through Bintai Energy is an effective platform from which both sides can leverage and benefit.""The dynamic team at Bintai Kinden is continuously evolving and one area we are focusing on is the O&G industry where we are tapping into opportunities from rising activities in the industry. Under these sub-contracts, we are supplying equipment to various established companies with O&G-related businesses and activities. Bintai Energy has been awarded with similar contracts since its establishment in March 2022 and we hope to be able to win more such contracts given our expertise and knowledge."With the most recent sub-contracts, Bintai Energy has clinched a total of approximately RM9.0 million under the Bintai Energy JV since its formation.Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Seng Fong Holdings Berhad Debuts on Main Market of Bursa Malaysia ACN Newswire

Seng Fong Holdings Berhad Debuts on Main Market of Bursa Malaysia

July 7, 2022
KUALA LUMPUR, Jul 7, 2022 - (ACN Newswire via SEAPRWire.com) - Seng Fong Holdings Berhad, a rubber processor producing and trading Standard Malaysia Rubber and premium grade block rubber, made a successful debut on the Main Market of Bursa Securities Malaysia Berhad, opening at RM0.75 per share with an opening volume of 10.8 million shares, which is the same as the initial public offering (IPO) price of RM0.75 sen per share.Seng Fong's market capitalisation at listing is RM389.22 million, and the Company was listed under the stock name, SENFONG and stock code, 5308.The Chairman of Seng Fong, Mr. Ng Ah Bah @ Kok Yee, thanked the Securities Commission Malaysia, Bursa Securities, Hong Leong Investment Bank Berhad (HLIB) and other professionals involved in the IPO, and highlighted that the listing provides the Company the opportunity to realise its immediate objectives as well as investing in environmental, social, and governance (ESG) initiatives."Going forward, we will be well-positioned to capture opportunities arising from the increasing demand from our existing customers as well as from new customers as we ramp up production through the hiring of more people for a second shift and implementing ESG initiatives to make our business more sustainable.""Building a sustainable business also requires the support of our shareholders. Thus, we intend to distribute at least 50% of our annual net profit as dividend to shareholders, subject to the approval of the Board of Directors and shareholders."Block rubber is driven by the automotive industry with approximately 70% of global natural rubber being used for tyre manufacturing. Going forward, the world vehicle sector is anticipated to grow at a 5-year (2021 to 2025) CAGR of 7.03% to 105.0 million units.Seng Fong is raising RM68.1 million from the IPO. From the proceeds, RM19.7 million has been allocated for working capital requirements including purchase of raw materials and the hiring of additional workers; RM37.9 million for the repayment of bank borrowings that include the partial funding for the solar system units, RM6.3 million to fund the installation of the biomass system units and RM4.2 million for listing expenses.The installation of the solar system is estimated to achieve cost-savings of approximately RM2.6 million per annum from electricity costs and a further RM3.5 million per annum from diesel costs through the installation of the biomass system.For the financial year ended 30 June 2021, the Company's export market share of block rubber stood at 11.8% based on its export output of 121,404 metric tonnes ("MTS") against the country's total export volume for block rubber of 1.03 million MTS in 2021. Seng Fong's revenue is almost entirely derived from exports, with the primary markets being China, Hong Kong, Singapore, and Taiwan.The block rubber produced by Seng Fong are sold directly to end-user customers, majority are tyre manufacturers, and are also sold to international rubber traders. Block rubbers which are sourced from international rubber traders and/or natural rubber processors, for trading purposes, are sold to tyre manufacturers.HLIB is the Principal Adviser, Underwriter and Placement Agent for the IPO.Seng Fong Holdings Bhd: http://sengfongholdings.com/Pictured (from left):- Mr. Phang Siew Loong, Head of Equity Markets, Hong Leong Investment Bank Berhad- Mr. Shim Choon Lim, Co-head of Corporate Finance, Hong Leong Investment Bank Berhad- Ms. Lim See Tow, Independent Non-Executive Director, Seng Fong Holdings Berhad- Mr. Jimmy Er Tzer Nam, Non-Independent Executive Director- Mr. E Tak Bin, Non-Independent Executive Director, Seng Fong Holdings Berhad- GONG -- Mr. Er Hock Lai, Managing Director, Seng Fong Holdings Berhad- Mr. Ng Ah Bah @ Kok Yee, Independent Non-Executive Chairman, Seng Fong Holdings Berhad- Ms. Lee Jim Leng, Group Managing Director/Chief Executive Director, Hong Leong Investment Bank Berhad- Ms. Lim May Wan, Independent Non-Executive Director, Seng Fong Holdings Berhad- Mr. Chong Yeaw Kiong, Independent Non-Executive Director, Seng Fong Holdings Berhad( https://www.acnnewswire.com/topimg/Low_SengFong2022707.jpg ) Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Leon Fuat Berhad Shareholders Vote to Pass All Resolutions at AGM ACN Newswire

Leon Fuat Berhad Shareholders Vote to Pass All Resolutions at AGM

June 28, 2022
SHAH ALAM, Malaysia, Jun 28, 2022 - (ACN Newswire via SEAPRWire.com) - Leon Fuat Berhad, a manufacturer and trader of steel products, specialising in rolled long and flat steel products, is pleased to announce that shareholders have passed all resolutions at the Group's 15th AGM held today.Mr. Calvin Ooi Shang How, Executive Director of Leon FuatShareholders passed a resolution approving a final single tier dividend of 2.0 sen per share for the financial year ended 31 December 2021 (FY2021).Shareholders also voted to re-elect Dato' Sri Ooi Bin Keong, Mr. Tan Did Heng, Mr. Tan Sack Sen and Dato Lim Cheng Poh as directors as well as to retain Mr. Chan Kee Loin as an independent director. Also retained as independent directors were Did Heng and Sack Sen.Among the other resolutions up for voting, shareholders reappointed Baker Tilly Monteiro Heng PLT as the Group's auditors and authorised the directors to fix the remuneration of the auditors.Mr. Calvin Ooi Shang How, Executive Director of Leon Fuat said, "We are happy to meet our shareholders again in a physical setting for the 15th AGM after having held the previous AGM virtually. We would like to thank shareholders for their trust and confidence in us as we navigated a challenging FY2021. Our financial performance for the first quarter ended 31 March 2022 was satisfactory despite the decrease in overall gross profit margin.""We are cautiously optimistic of achieving profitable results for the remaining quarters of FY2022 but would like to point out that the outlook has dimmed considerably with the World Bank having cut global economic growth outlook to 2.9% for this year from the 4.1% growth outlook it had forecast in January 2022. To mitigate risks, the Group will continue to monitor steel prices closely as well as related foreign currencies. We will also take proactive measures such as anticipating price and currency volatility through negotiating forward contracts as well as prudent inventory management."Leon Fuat Berhad: [BURSA: LEFU] , https://www.leonfuat.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Sony and Honda Sign Joint Venture Agreement to Establish New Company, “Sony Honda Mobility Inc.”, to Engage in Mobility Business JCN Newswire

Sony and Honda Sign Joint Venture Agreement to Establish New Company, “Sony Honda Mobility Inc.”, to Engage in Mobility Business

June 16, 2022
TOKYO, Jun 16, 2022 - (JCN Newswire via SEAPRWire.com) - Sony Group Corporation ("Sony") and Honda Motor Co., Ltd. ("Honda") announced today that they have signed a joint venture agreement to establish a new company to engage in the sale of high-value-added electric vehicles (EVs) and provide services for mobility. Today's announcement is the furtherance and result of discussion of a strategic alliance in the mobility field between the parties as announced in the joint press release entitled "Sony and Honda Sign Memorandum of Understanding for Strategic Alliance in Mobility Field" on March 4, 2022.The new company will aim to bring together Honda's cutting-edge environmental and safety technologies, mobility development capabilities, vehicle body manufacturing technology and after-sales service management experience, with Sony's expertise in the development and application of imaging, sensing, telecommunication, network and entertainment technologies, to realize a new generation of mobility and services for mobility that are closely aligned with users and the environment, and continue to evolve going forward.Sony and Honda plan to establish the new company within 2022 and to begin the sale of EVs and provision of services for mobility in 2025. The establishment of the new company and the start of business are subject to relevant regulatory approvals.New Company Overview (Planned)Company name: Sony Honda Mobility Inc.Location: Tokyo, JapanCapital: 10 billion yenInvestment ratio: Sony Group Corporation 50%, Honda Motor Co., Ltd. 50%Members of the board:Yasuhide Mizuno, Representative Director, Chairman and CEO Izumi Kawanishi, Representative Director, President and COO　Shugo Yamaguchi, Director and Deputy PresidentKojiro Okabe, Director and Executive Vice PresidentManabu Ozawa, Director (Honda Motor Co., Ltd.)Naoya Horii, Director (Sony Group Corporation)Comment from Kenichiro Yoshida, Representative Corporate Executive Officer, Chairman, President and CEO, Sony Group Corporation"Based on our vision to 'make the mobility space an emotional one,' Sony's initiatives in the mobility business are centered around the three areas of safety, entertainment and adaptability. As we continue our learnings in these areas, we are excited to have met a partner, Honda, with extensive global achievements and knowledge, and to sign the joint venture agreement between the two companies. Going forward, we aim to contribute to the evolution of mobility by combining Honda's cutting-edge environmental and safety technologies, mobility development capabilities, vehicle body manufacturing technology and after-sales service management experience, with our expertise in imaging, sensing, telecommunication, network and entertainment technologies."Comment from Toshihiro Mibe, Director, President, Representative Executive Officer and CEO, Honda Motor Co., Ltd."Honda continues to take on new challenges in the environmental, safety, and other advanced fields in order to be a driving force for social change through mobility, and 'become the power that supports people around the world who are trying to do things based on their own initiative'. We are very pleased to have signed a joint venture agreement with Sony, which has strengths in advanced digital technology, and shares our desire to take on new challenges. Since its announcement in March, many people have expressed their expectations for this joint venture. At the new company, we will strive to create new value ​​through the fusion brought about by the combination of our different industries, so please look forward to future developments."Comment from Yasuhide Mizuno, Representative Director, Chairman and CEO of Sony Honda Mobility Inc. (Planned) and Senior Managing Officer of Honda Motor Co., Ltd."We are very pleased to sign this joint venture agreement, which represents the start line from which we embark on the major challenge of revolutionizing mobility and creating new value. We plan to fully leverage the technological assets the two companies possess in different fields, such as Sony's sensing technology and Honda's original mobility development capabilities, to realize mobility and services that inspire and excite our customers. By bringing together the expertise of both companies, we aim to lead the way in a new era."Comment from Izumi Kawanishi, Representative Director, President and COO of Sony Honda Mobility Inc. (Planned) and Executive Vice President of Sony Group Corporation"I am very pleased to have reached this day, which represents a major milestone in realizing the initiatives we have been working on until now with the aim of contributing to the evolution of mobility. By combining the many strengths of Sony and Honda, we intend to accelerate development and lead the evolution of mobility by realizing mobility as an emotional space rooted in safety and security, and the related services." Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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