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CNERGENZ Posts RM76.58 Million in Revenue for 2Q FY2022

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3 minutes

PENANG, Malaysia, Aug 17, 2022 - (ACN Newswire via SEAPRWire.com) - CNERGENZ Berhad, an established electronics manufacturing solutions provider based in Penang, announced today that the Company recorded revenue of RM76.58 million for the second quarter ended 30 June 2022 (2QFY2022) on higher sales of standalone surface mount technology (SMT) machines and provision of integrated solutions due to continued demand from manufacturing activities in the electronics and semiconductor industries (E&S Industries). On a cumulative basis, the Company recorded revenue of RM113.48 million and net profit (PAT) of RM12.94 million for the 6-month period ended 30 June 2022.Mr. Lye Yhin Choy, Chief Executive Officer of CNERGENZ BerhadOn a segmental basis, standalone SMT machines and equipment sales contributed 51.03% of the total revenue while provision of integrated solutions contributed 44.85% for the 2QFY2022.Meanwhile, the Company's profit before tax (PBT) for the 2QFY2022 had doubled to RM12.35 million as compared to the immediate preceding first quarter ended 31 March 2022 (1QFY2022) PBT of RM4.87 million. This resulted in the Company recording PAT of RM9.30 million for the 2QFY2022, whic...

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Alaska Mining Sells 51% Interest to Australian Nanotechnology Specialist

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3 minutes

KUALA LUMPUR, Aug 15, 2022 - (ACN Newswire via SEAPRWire.com) - Alaska Mining Sdn Bhd is pleased to announce that its sole shareholder, Lee Hon Kit, is selling a 51% interest in the Company amounting to A$5.0 million (RM15.2 million) under a share sale agreement to Nanopac Alaska Sdn Bhd (NASB).Director of Nanopac Alaska Sdn Bhd Henry Cheang; Managing Director of Alaska Mining Sdn Bhd Lee Hon Kit; Acting CEO of Nanopac Alaska Sdn Bhd Tobby Tan, and Chairman of Nanopac Innovation Limited, Dato' Dr Cheng Kok Leong[L-R]NASB is a unit of Nanopac Innovation Limited, which is listed on the Sydney-based National Stock Exchange of Australia. Nanopac principally engages in the research and development, manufacturing, distribution and servicing of nanotechnology materials and products. Nanopac's other businesses include Nano-Solar panels and raw materials for paint industry. Mr. Lee is the sole shareholder of Alaska Mining, which is an earthworks and mining specialist as well as a trader of a variety of goods and logistics services provider.Under the agreement, the sale of the 51% interest in Alaska Mining by Mr. Lee to NASB will be satisfied through the issuance of new shares in Nanopac to ...

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HG Semiconductor Places 30 Million New Shares and Announces Subscription of 60 Million Shares and 60 Million Warrants by Founder of GCL Technology Mr. Zhu Gongshan

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5 minutes

HONG KONG, Aug 8, 2022 - (ACN Newswire via SEAPRWire.com) - HG Semiconductor Limited ("HG Semiconductor", together with its subsidiaries, "the Group", Stock Code: 6908.HK) has announced placement of 30 million new shares ("Placing Shares") at the placing price of HK$3.20 per share to no less than six placees. In addition, the Group has entered into an investment agreement ("Investment Agreement") with Profit Act Limited ("Strategic Investor"), an entity indirect wholly-owned by the Founder, Chairman and Executive Director GCL Technology Holdings Limited (Stock Code: 3800.HK) Mr. Zhu Gongshan ("Mr. Zhu"), pursuant to which the Group had conditionally agreed to allot and issue, and Strategic Investor had conditionally agreed to subscribe for 60 million subscription shares ("Shares Subscription") and 60 million warrants ("Warrants Subscription"). As at 5 August 2022, the Group has 563,591,000 shares in issue. Pursuant to the placing agreement, the Placing Shares represent approximately 5.32% of the existing issued share capital of the Group. After deducting the placing commission and other relevant expenses, the maximum net proceeds will amount to approximately HK$93.6 million. The Gr...

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Wintermar Offshore (WINS:JK) Reports 1H2022 Results

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4 minutes

JAKARTA, Jul 29, 2022 - (ACN Newswire via SEAPRWire.com) - Wintermar Offshore Marine (WINS:JK) has announced results for 1H2022. Total revenue was up 25%YOY to US$25 million, helped by higher chartered vessels revenue. Revenues rebounded in 2Q2022 by 39%QOQ as several vessels commenced operations after delays in 1Q2022. All Divisions turned in positive gross profit for the 2nd quarter reflecting higher demand for OSVs.Owned Vessel DivisionAfter recording a loss for 1Q2022, gross profit for 2Q2022 rebounded to US$2.1 million on revenues of US$7.9 million, +19%QOQ. This reflects a higher utilization rate for Owned Vessels in 2Q2022 of 70% compared to only 61% in 1Q2022. Gross Profit from Owned Vessels turned around to US$0.8 million in 2Q2022 compared to a loss of US$0.58 million in 1Q2022.The three high tier vessels purchased recently were still awaiting the arrival of dynamic positioning equipment for an upgrade of their DP capability before conducting their Sea Trial and to be ready to sail.On a YOY basis, Owned Vessel Direct expenses were 2% higher YOY, largely from higher fuel expenses incurred in a one-off demobilization of a vessel returning from work in Africa, offset by an 8...

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AIIB Commits US$100 million in CEL Infrastructure Investment Fund II

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2 minutes

HONG KONG, Jul 5, 2022 - (ACN Newswire via SEAPRWire.com) - CEL Infrastructure Investment Fund II ("Fund II"), a private equity fund sponsored and managed by China Everbright Limited ("CEL", stock code: 165.HK) has made significant progress in fundraising. On June 29, 2022, Asian Infrastructure Investment Bank ("AIIB") approved to commit of US$100 million including up to US$25 million co-investment sleeve in Fund II. AIIB is a multilateral development bank with 105 members from all over the world. Its vision is to finance "Infrastructure for Tomorrow" with sustainability at its core. AIIB is committed to unlocking new capital and investing in green, technology-enabled and cross-border connectivity infrastructure to promote sustainable economic development and regional connectivity in Asia and around the world. This will be the first time funds managed by CEL have raised capital from a multilateral development bank, marking a new stage of internationalization, professionalization and marketization for CEL. Fund II will focus on climate finance and ESG investing, and will introduce ESG investment, management, assessment and evaluation policy with international standards in order to e...

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IBI Group Announces FY2022 Annual Results, Steadfast Resilience Albeit Market Challenges

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5 minutes

HONG KONG, Jun 30, 2022 - (ACN Newswire via SEAPRWire.com) - IBI Group Holdings Limited ("IBI" or the "Company", together with its subsidiaries as the "Group"; Stock Code: 1547), a publicly listed company that holds investments in companies focusing on the Built Environment, today announced its business results for the financial year ended 31 March 2022 ("FY2022").During the year under review, the Group recorded an income of approximately HK$405.9 million (FY2021: HK$556.7 million). Gross profit was approximately HK$68.0 million (FY2021: HK$79.4 million) and profit attributable to the owners of the Company was approximately HK$27.0 million compared with approximately HK$54.4 million from the previous financial year (which included a one-off gain of approximately HK$43.6 million generated from its strategic investments segment). Basic and diluted earnings per share was HK3.4 cents (FY2021: HK6.8 cents).The Group maintained a strong financial position with cash and cash equivalents of approximately HK$141.6 million (FY2021: HK$87.1 million) and no bank borrowings as at 31 March 2022. The Board has recommended payment of a final dividend of HK1.0 cent per share for the year ended 31 M...

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Hypebeast Ltd. (0150.HK) ended the financial year with another all-time high in revenue and profitability

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5 minutes

HONG KONG, Jun 29, 2022 - (ACN Newswire via SEAPRWire.com) - Hypebeast Limited (Stock Code: 0150.HK) is the global leading platform for contemporary culture and lifestyle, and a premier destination for editorially-driven commerce and news. The Board of Directors of Hypebeast Limited has announced the Group's annual results for the year ended 31 March 2022 ("FY2022"). -- Revenue amounted to HK$895.6 million in FY2022, up from HK$674.2 million in FY2021, representing an increase of HK$221.4 million or 32.8%.-- Gross profit margin rose by 11.7 percentage points from 49.6% in FY2021 to 61.3% in FY2022. -- The Group delivered net profit of HK$100.2 million for FY2022, a 41.9% increase compared to FY2021. The increase translated to an improvement of net profit margin by 0.7 percentage points, resulting in an increase from 10.5% in FY2021 to 11.2% in FY2022.-- Total value in signed contracts for the Media Segment increased by 31.7% during FY2022 as compared to the prior year.-- 12-month average website monthly unique visitors (number of user who requests web pages across Hypebeast, Hypebae and Popbee platforms in a month) amounted to 16.4 million, representing a 5.1% increase over FY2021,...

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Seng Fong Holdings Berhad Launches Prospectus for Main Market IPO

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4 minutes

KUALA LUMPUR, Jun 14, 2022 - (ACN Newswire via SEAPRWire.com) - Seng Fong Holdings Berhad, a rubber processor producing and trading Standard Malaysia Rubber and premium grade block rubber. Block rubbers produced are sold directly to end-user customers and international rubber traders, majority of which are tyre manufacturers. Seng Fong is enroute to a listing on the Main Market of Bursa Malaysia Securities Berhad and is pleased to announce the launch of the Company's prospectus for the initial public offering (IPO).Seng Fong's IPO involves the issuance of 160.87 million ordinary shares or 31.0% of the Company's enlarged number of issued shares comprising a public issue of 90.81 million shares and an offer for sale of 70.06 million shares. The issued shares will be made available for application in the following manner:Retail offering of 42.20 million shares representing 8.1% of enlarged number of issued shares will be made available in the following manner:- 25.95 million shares representing 5.0% of enlarged number of issued shares will be made available for application by the Malaysian public (via balloting), of which 50% will be set aside for bumiputera investors including indivi...

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Leon Fuat Berhad Posts 29% Increase in Revenue to RM273 Million for Q1 FY2022

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3 minutes

SHAH ALAM, Malaysia, May 30, 2022 - (ACN Newswire via SEAPRWire.com) - Leon Fuat Berhad, a manufacturer and trader of steel products, specialising in rolled long and flat steel products today released the Group's financial results for the first quarter ended 31 March 2022 (Q1FY2022) registering a 29.1% increase in revenue to RM273.02 million compared with RM211.48 million recorded in the corresponding quarter of the preceding financial year (Q1FY2021).Calvin Ooi Shang How, Executive Director of Leon FuatFor the quarter under review, profit before tax (PBT) stood at RM31.81 million, a 25.2% decrease from the PBT of RM42.53 million achieved in Q1FY2021 while profit after tax ("PAT") stood at RM23.89 million, a 33.8% decrease from the PAT of RM36.11 million recorded in the same quarter of the preceding financial year.The Group's trading of steel products segment registered a 21.1% increase in revenue to RM90.00 million in Q1FY2022 compared with RM74.29 million recorded in the corresponding quarter of the preceding financial year while the processing of steel products segment registered a 33.4% rise in revenue to RM182.93 million compared with RM137.11 million achieved in Q1FY2021. The...

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PLS Plantations profits surge by 411.5% to RM13.3 million

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4 minutes

KUALA LUMPUR, May 30, 2022 - (ACN Newswire via SEAPRWire.com) - PLS Plantations Berhad today announced a 411.5% jump in their net profit for their third quarter financial performance for the period ended 31 March 2022 (Q3FY2022). The Company recorded a net profit before tax (PBT) of RM16.1 million, 455.1% higher compared to RM2.9 million recorded in the corresponding quarter for the period ended 31 March 2021 (Q4FY2021). PLS Plantations' net profit after taxation and minority interest (PATMI) in Q3FY2022 came in at RM12.4 million, 416.7% higher than RM2.4 million in Q4FY2021. Total revenue climbed to RM32.1 million, an increase of 169.8% from RM 18.9 million in Q4FY2021. The increase in revenue and PBT were mainly attributed to the improved contribution made from the sales of fresh fruit bunches (FFB), and frozen durian products from international markets, especially China, as well as the collection of progress payment monies generated under the construction arm.PLS Plantations' PATMI for the quarter stood at RM12.4 million, 67.6% higher than RM7.4 million recorded in the preceding quarter ended 31 December 2021 (Q2FY2022). However, total revenue recorded in Q3FY2022 saw a drop of ...

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CNERGENZ Berhad Posts RM36.9 Million in Revenue for 1Q FY2022

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2 minutes

PENANG, Malaysia, May 27, 2022 - (ACN Newswire via SEAPRWire.com) - CNERGENZ Berhad (CNERGENZ), an established electronics manufacturing solutions provider based in Penang, has announced its financial results for the first quarter ended 31 March 2022 (1QFY2022) today. The Company registered revenue of RM36.9 million for the 1QFY2022, primarily contributed from the sales of standalone surface mount technology (SMT) machines and equipment constituting 60.9% of its total revenue. In addition, sales generated from the provision of integrated solutions segment contributed 31.2% to the total revenue.Chief Executive Officer of CNERGENZ, Mr. Lye Yhin ChoyFurther, the Company recorded profit before tax (PBT) of RM4.87 million and achieved net profit (PAT) of RM3.64 million for the period. After excluding one-off expenses relating to the initial public offering amounting to RM0.16 million incurred during the period, the Company's PBT and PAT stood at RM5.03 million and RM3.80 million, respectively.Chief Executive Officer of CNERGENZ, Mr. Lye Yhin Choy said, "Manufacturing activities remained robust in 1QFY2022 leading to the continued demand for our integrated solutions in the electronics an...

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Samaiden Group Berhad’s 3Q Net Profit Gains 291% to RM4.19 Million

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3 minutes

PETALING JAYA, Malaysia, May 26, 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, today announced that Samaiden Group recorded a 385.03% increase in revenue to RM43.80 million for the third quarter ended 31 March 2022 (3Q FY2022) compared with RM9.03 million registered in the corresponding quarter of FY2021 (3Q FY2021).Ms. Chow Pui Hee, Group MD of SamaidenProfit before tax (PBT) for 3Q FY2022 increased by 257.68% to RM5.73 million compared with RM1.60 million achieved in 3Q FY2021, and profit after tax (PAT) registered an increase by 291.22% to RM4.19 million compared with RM1.07 million in 3Q FY2021.For the nine-month period ended 31 March 2022 (9M FY2022), Samaiden Group recorded a 243.07% increase in revenue to RM97.04 million compared with RM28.28 million in the corresponding period of FY2021 (9M FY2021) while PBT gained 103.38% to RM11.62 million compared with RM5.71 million in the corresponding period of the previous financial year.Samaiden Group's PAT gained 104.22% to RM8.51 million ...

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Genetec Scales New Heights with Highest Annual Profit to Date

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5 minutes

BANGI, Malaysia, May 26, 2022 - (ACN Newswire via SEAPRWire.com) - Technology leader in providing fully customised, intelligent manufacturing automation solutions, Genetec Technology Berhad announced its best annual performance to date for the financial year ended 31 March 2022 (FY2022). The Company recorded RM58.1 million profit after tax (PAT) up 1,420.5% from a loss of RM4.4 million in the preceding year. Annual revenue stood at an all-time high at RM223.6 million, up by 130.3% versus RM97.1 million for the period, driven by the electric vehicle (EV) and energy storage segments. Correspondingly, earnings per share (EPS) stood at 7.90 sen for the period, up by 1,395.1% from -0.61 sen.For the fourth quarter year ended 31 March 2022 (Q4FY2022), Genetec's PAT stood at RM14.0 million, an increase of 333.3% compared to the loss of RM6.0 million in the corresponding quarter for FY2021 (Q4FY2021). Quarter on quarter (QoQ) revenue stood at RM58.7 million, up by 348.1% versus RM13.1 million for the corresponding quarter.In comparison with the preceding quarter, Genetec's Q4FY2022 PAT came in lower by 28.6% compared to RM19.6 million posted in the preceding quarter due to the shorter opera...

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Seng Fong Holdings Berhad Signs Underwriting Agreement with Hong Leong Investment Bank

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3 minutes

KUALA LUMPUR, May 26, 2022 - (ACN Newswire via SEAPRWire.com) - Seng Fong Holdings Berhad, a rubber processor producing and trading Standard Malaysia Rubber (SMR) and premium grade block rubber, is pleased to announce that the Company has entered into an underwriting agreement with Hong Leong Investment Bank Berhad (HLIB) for its upcoming initial public offering (IPO) on the Main Market of Bursa Malaysia Securities Berhad.Group Managing Director/Chief Executive Officer of HLIB, Ms. Lee Jim Leng; and Managing Director of Seng Fong, Mr. Er Hock Lai [L-R]According to Seng Fong's draft prospectus posted on the Securities Commission Malaysia website, the listing exercise involves the IPO of up to 160.87 million ordinary shares or up to 31.0% of the Company's enlarged number of issued shares comprising a public issue of 90.81 million shares and an offer for sale of up to 70.06 million shares.Under the agreement, HLIB will underwrite 42.20 million IPO shares made available for application under the retail offering. HLIB is also the Placement Agent for 118.68 million IPO shares allocated to bumiputera investors approved by the Ministry of International Trade and Industry (MITI) as well as ...

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Yew Lee Pacific Group Berhad Launches Prospectus for ACE Market IPO

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3 minutes

KUALA LUMPUR, May 17, 2022 - (ACN Newswire via SEAPRWire.com) - Yew Lee Pacific Group Berhad (YLPG), an established manufacturer principally involved in the manufacturing of industrial brushes as well as the trading of machinery parts and industrial hardware, launched the Company's prospectus today for an initial public offering (IPO) leading to a listing on the ACE Market of Bursa Malaysia Securities Berhad.MR. LEE YOKE WAH, Associate Director of Corporate Finance, M&A Securities; MR. GARY TING, Head of Corporate Finance; MS. ANG POH YEE, Chief Operating Officer & Executive Director, YLPG; DATUK BILL TAN, Managing Director of Corporate Finance, M&A Securities; EN. MAHDZIR BIN OTHMAN, Independent Non-Executive Chairman, YLPG; MR. ANG LEE LEONG, Managing Director; MR. DANNY WONG, Deputy Head of Corporate Finance, M&A Securities; MR. KELVIN KHOO, Managing Director, Eco Asia Capital Advisory [L-R]The Company's IPO involves the issue of 133.10 million new shares to be issued at RM0.28 sen per share and an offer for sale of 26.62 million existing shares by way of private placement to selected investors. The public issue shares will be made available for application in th...

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Wintermar Offshore Marine Reports 1Q2022 Results; Total revenue up 3%

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6 minutes

JAKARTA, Apr 29, 2022 - (ACN Newswire via SEAPRWire.com) - Wintermar Offshore Marine (WINS:JK) has announced results for 1Q2022. Total revenue was up 3% YOY to US$10.5 million, with stronger chartering revenues compensating for a drop in Owned Vessel revenue from COVID-19 delays.Oil prices spiked in 1Q2022 as a result of the war in Ukraine and sanctions against Russian oil and gas. The ensuing oil shortage sparked a rise in investment in oil exploration and a resurgence in drilling programs in Asia.The Company was impacted quite severely by a spike in Omicron infections on the fleet, which led to prolonged delays in the commencement of operations in international as well as domestic charters in 1Q2022. Owned Vessel revenues declined but this was compensated by a jump in revenues from the Chartering and Other Services Divisions.Owned Vessel DivisionSeveral vessels were infected with COVID-19 in 1Q2022 and had to be quarantined. Emergency crew changes were arranged, but revenues were penalized due to the resulting delays while higher costs were incurred as vessels had been fully crewed in anticipation of on-hire. Crew salary was flat YOY at US$2.1million, operations and maintenance c...

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Seng Fong Holdings Berhad Obtains SC Approval for Main Market Listing

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4 minutes

KUALA LUMPUR, Apr 26, 2022 - (ACN Newswire via SEAPRWire.com) - Seng Fong Holdings Berhad, a rubber processor producing and trading Standard Malaysia Rubber (SMR) and premium grade block rubber, via its subsidiaries, is pleased to announce that the Company has, in the month of April 2022, obtained the approval of the Securities Commission Malaysia (SC) to list on the Main Market of Bursa Malaysia Securities Berhad.Managing Director of Seng Fong, Mr. Er Hock LaiWith history tracing back to 1986, Seng Fong is principally involved in the processing of Standard Malaysia Rubber (SMR) and premium grade block rubber as well as trading in block rubber, where its customers are mainly tyre manufacturers or international rubber traders. The Company also operates a Malaysian Rubber Board-approved laboratory for the testing, grading and certification of the processed block rubbers.According to Seng Fong's draft initial public offering (IPO) prospectus posted on the Securities Commission Malaysia website, the listing exercise involves the initial public offering of up to 160.87 million ordinary shares comprising a public issue of 90.81 million shares and an offer for sale of up to 70.06 million ...