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Yew Lee Pacific Group Bhd Engages M&A Securities Sdn Bhd to Manage Listing Exercise

indie
3 minutes

KUALA LUMPUR, Apr 11, 2022 - (ACN Newswire via SEAPRWire.com) - Yew Lee Pacific Group Bhd (Yew Lee), an established manufacturer of industrial brushes as well as the trading of machinery parts and industrial hardware is pleased to announce that it has entered into an underwriting agreement with M&A Securities Sdn Bhd (M&A Securities) today for the Company's upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd (Bursa Securities).Chief Operating Officer of Yew Lee, Ms. Amber Ang; Managing Director of Yew Lee, Mr. Ang Lee Leong; Managing Director of Corporate Finance of M&A Securities, Datuk Bill Tan; Deputy Head, Corporate Finance of M&A Securities Mr. Danny Wong [L-R]The IPO exercise involves the public issue of 133.1 million shares and an offer for sale of 26.62 million shares to selected investors. From the public issue, 26.62 million shares will be made available for application by the Malaysian public via balloting; 15.97 million shares will be allocated to its eligible directors and employees (pink forms); another 23.96 million shares will be reserved for private placement to selected investors and; an allocation of 66.55 mil...

ACN Newswire
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Electronics Manufacturing Solutions Provider Cnergenz Berhad Enlists UOB Kay Hian Securities as Underwriter for Its Listing Exercise

indie
3 minutes

KUALA LUMPUR, Apr 4, 2022 - (ACN Newswire via SEAPRWire.com) - Cnergenz Berhad ("Cnergenz" or the "Company"), an electronics manufacturing solutions provider based in Penang, specialising in surface mount technology ("SMT") catering to the electronics and semiconductor industries ("E&S Industries"), is pleased to announce that the Company has entered into an underwriting agreement with UOB Kay Hian Securities (M) Sdn. Bhd. ("UOB Kay Hian") today for its upcoming initial public offering ("IPO") on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities").UOB Kay Hian Securities Sdn. Bhd Chief Executive Officer Mr. David Lim; Cnergenz Berhad Chief Executive Officer Mr. Lye Yhin Choy [L-R]The Company had obtained approval to list on the ACE Market of Bursa Securities and is targeting to launch its Prospectus in April 2022.The IPO exercise involves the public issue of 100.0 million issue shares and an offer for sale of 50.0 million offer shares by way of private placement.From the public issue, 25.0 million issue shares will be made available for application to the Malaysian public, 10.0 million shares will be allocated for application by eligible directors and employ...

ACN Newswire
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Alpina Achieved a Record Set of Results for FY2021; Revenue Increased by 36.8% to S$51.89 Million with Net Profit Surging by 84.0% to S$9.28 Million

indie
6 minutes

Singapore, Mar 31, 2022 - (ACN Newswire via SEAPRWire.com) - Alpina Holdings Limited (the "Company", and together with its subsidiaries, the "Group"), an established Singapore-based specialist in providing integrated building services ("IBS"), mechanical and electrical ("M&E") engineering services, and alteration and addition ("A&A") works to public and private sector projects, is pleased to announce that it has achieved a record set of results for the financial year ended 31 December 2021 ("FY2021"). With predominantly public sector customers such as government ministries and statutory boards as well as public education institutions, the key contract highlights of the Group's business segments are as follows:> IBS - With specified contract period that generally ranges from 1 to 4 years, and in certain instances, up to 6 years.> M&E - Rendered on specific project basis> A&A - Term contracts with a fixed contract period ranging from 2 to 4 yearsRevenue growth of 36.8% with strong performance from IBS and M&E business segments: With business operations normalising in FY2021 as the Singapore authorities embarked on a three-phased approach to resume activit...

ACN Newswire
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Tai Hing Group Announces 2021 Annual, Revenue up 13.4% Net profit amounts to HK$99.7 million

indie
8 minutes

HONG KONG, Mar 29, 2022 - (ACN Newswire via SEAPRWire.com) - Tai Hing Group Holdings Limited ("Tai Hing Group" or the "Group"; stock code: 6811), a multi-brand casual dining restaurant group with roots in Hong Kong and a network of around 220 restaurants in Hong Kong, Mainland China, Macau, and Taiwan, has just announced its annual results for the year ended 31 December 2021 (the "Review Year" or "FY2021").RESULTS HIGHLIGHTS-- The Group's revenue increased by 13.4% to HK$3,173.0 million (FY2020: HK$2,797.9 million), turning around the decline last year by strengthening resilience of its businesses as well as reducing costs and increasing profits-- Gross profit and gross profit margin were HK$2,294.7 million (FY2020: HK$1,976.3 million) and 72.3% (FY2020: 70.6%), respectively-- Profit attributable to owners of the Company amounted to HK$99.7 million (FY2020: HK$119.0 million) -- The Board recommended a final dividend of HK4.95 cents per share; hence total dividend for FY2021 was HK7.45 cents per share, representing a dividend payout ratio of 75% -- "Men Wah Bing Teng" recorded a significant revenue growth of 54.2% to HK$760.5 million; "Asam Chicken Rice" also achieved an impressive ...

JCN Newswire
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SDK Corrects Segment Information in 2021 Consolidated Financial Statements

ruth
3 minutes

TOKYO, Mar 11, 2022 - (JCN Newswire via SEAPRWire.com) - Showa Denko (SDK) (TOKYO: 4004) announces that it has corrected an error in the cash flows information of its Consolidated Financial Statements for the year ended December 31, 2021.1. Reason for correction We found an error in the description about cash flows in 2021, which is on page 9 of the Consolidated Financial Statements for the year ended December 31, 2021.2. Correction details The number subject to this correction is the one underlined below. (Before correction)(2) Cash flows in 2021Net cash provided by operating activities increased 5,997 million yen from the previous year, to the proceeds of 115,283 million yen, due partly to an increase in profit before income taxes. Net cash used in investing activities decreased 958,653 million yen, to the proceeds of 28,606 million yen, due partly to the proceeds of 83,915 million yen resulting from the transfer of businesses, despite the effect of expenditure of 892,030 million yen in the previous year resulting from acquisition of shares in a subsidiary accompanying an expansion of the bounds of consolidation. (After correction)(2) Cash flows in 2021Net cash provided by operat...

ACN Newswire
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Resintech Bhd Acquires 30% stake in Bionutricia for RM8.7 Million

indie
3 minutes

KUALA LUMPUR, Mar 10, 2022 - (ACN Newswire via SEAPRWire.com) - Resintech Berhad (Bursa: RESINTC, 7232), a fully integrated provider of polyethylene products and unplasticized polyvinyl chloride (uPVC), is pleased to announce the signing of a Memorandum of Understanding (MoU) for the acquisition of a 30% stake in Bionutricia Holding Sdn. Bhd. from the controlling shareholders for the sum of RM8.7 million.Mr. Ng Kuak Ping, CEO of Bionutricia; Mr. Teh Leng Kang, ED of Resintech Bhd; Ms. Kong Siew Mee, GM of Bionutricia [L-R]Bionutricia is a biotechnology firm established in 2006 specialising in the production and commercialisation of plant- and fruit-based extracts and active fractions from local herbs through advanced nano-biotechnology processes. Bionutricia's products include proprietary standardised herbal plants and fruits-based extracts, food supplement, baking ingredients, nutraceutical ingredients, healthcare products and functional food ingredients. Its facilities are certified GMP, HACCP, JAKIM Halal and kosher.Resintech is acquiring the stake from the controlling shareholders, Ng Kuak Ping ("Ng") and Kong Siew Mee, Bionutricia's Chief Executive Officer and General Manager,...

ACN Newswire
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G3 Global records highest revenue in Year 2021 on higher COVID-19 test kit distribution solutions

indie
4 minutes

KUALA LUMPUR, Feb 28, 2022 - (ACN Newswire via SEAPRWire.com) - Artificial Intelligence specialist G3 Global Berhad ("G3 Global" or "Group") completed its financial year ended 31 December 2021 ("FY2021") on a positive note as the Group's quarterly revenue surged to the highest level in over 4 years. The stellar performance of its new Healthcare division, where revenue increased by more than 700% quarter-on-quarter ("q-o-q") due to stronger sales of COVID-19 antigen kits, propelled G3 Global closer to its turnaround target.Dirk Quinten, Managing DirectorG3 Global, which also supplies Internet-of-Things (IoT) connected objects and deliver cloud-based data solutions, recorded a revenue of RM18.79 million in the fourth quarter of FY2021, representing a strong growth of more than eight-fold year-on-year ("y-o-y"). The Group had posted a revenue of RM2.29 million in the previous year corresponding quarter.In terms of bottom-line performance, G3 Global registered a loss before tax of RM7.27 million in the fourth quarter of FY2021 as compared to a loss before tax of RM6.97 million a year earlier. The higher amount was due to the ongoing kitchen-sinking exercise undertaken by G3 Global for ...

SeaPRwire
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Leon Fuat Berhad’s Q4 Profit After Tax Jumps 61.8% to RM29 Million

pandora
3 minutes

Group’s financial performance supported by higher gross profit margin resulting from higher average selling prices SHAH ALAM, Malaysia, Feb 25, 2022 – (ACN Newswire) – Leon Fuat Berhad (“Leon Fuat” or the “Group”), a manufacturer and trader of steel products, specialising in rolled long and flat products today released the Group’s financial results for the fourth quarter ended 31 December 2021 (“Q4FY2021”) recording 61.8% growth in profit after tax (“PAT”) to RM29.09 million compared with RM17.98 million in the corresponding quarter of the preceding year (“Q4FY2020”). Calvin Ooi Shang How, Executive Director of Leon Fuat The Group is pleased to note that for the quarter under review, revenue increased by 27.8% to RM254.21 million compared with RM198.96 million in Q4FY2020 while profit before tax (“PBT”) recorded a 106.5% increase to RM38.61 million compared with RM18.70 million. On a segmental basis, revenue from trading of steel products registered a 26.5% increase to RM81.95 million while revenue from processing of steel products recorded a 28.4% rise to RM172.18 million. The trading segment’s contribution to revenue stood at 32.2% in Q4FY2021 compared with 32.6% in the correspon...

SeaPRwire
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Hektar REIT 2021 Performance: Weathering the Challenges

pandora
4 minutes

– Achieved Revenue of RM96.6 million & Net Property Income of RM47 million– DPU of 2.53 sen, up 181%– Signs of recovery weighed by Omicron surge– Stepping up on sustainability measures & 3-star ESG rating by FTSE Russell KUALA LUMPUR, Feb 25, 2022 – (ACN Newswire) – Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (“Hektar REIT”), today announced Hektar REIT’s annual results for the financial year ended 31 December 2021 (“FY2021”) with revenue at RM96.60 million in FY2021, down by 13.1% compared to the same period in the preceding year. Property Operating Expenses reduced by RM8.59 million or savings of 14.8% compared to the previous year. Net Property Income (NPI) was reported at RM47.02 million, a decline of 11.2% compared with 2020. FY21 was a challenging year for the retail sector due to the COVID-19 pandemic and implementation of various Movement Control Orders, National Recovery Plan, mobility restrictions & closure of non-essential businesses for an extended period. Despite these challenges to the malls, the REIT managed to attract new & secured existing tenants covering 39.2% of Hektar REIT’s Net Lettable Area (“NLA”) in ...

ACN Newswire
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Champion REIT Announces 2021 Annual Results

indie
4 minutes

HONG KONG, Feb 21, 2022 - (ACN Newswire via SEAPRWire.com) - Champion Real Estate Investment Trust (stock code: 2778), the owner of Three Garden Road and Langham Place, announces its financial results for year ended 31 December 2021.Summary of financial resultsFY 2021 FY 2020 ChangeTotal Rental Income (HK$ mil) 2,495 2,633 -5.2%Net Property Income (HK$ mil) 2,197 2,347 -6.4%Distributable Income (HK$ mil) 1,503 1,554 -3.3%Distribution per unit (HK$) 0.2279 0.2496 -8.7%31 Dec 2021 31 Dec 2020 ChangeGross Value of Portfolio (HK$ mil) 65,296 67,318 -3.0%Net Asset Value per unit (HK$) 8.25 8.61 -4.2%Gearing Ratio 22.9% 23.0% -0.1ppOverview The persistent COVID-19 pandemic continued to pose challenges to the operating environment for our business in 2021. Amid the gloomy market conditions, Champion REIT recorded a drop in distributable income by 3.3% to HK$1,503 million and distribution per unit ("DPU") declined 8.7% to HK$0.2279. Three Garden Road Three Garden Road recorded a shrank of the rental income by 3.8% to HK$1,460 million in 2021 (2020: HK$1,518 million). Average passing rent decreased to HK$108.3 per sq. ft. (based on lettable area) as at 31 December 2021. Demand from new and ...

ACN Newswire
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HYPEBEAST LTD. (0150.HK) Ventures Into New Interest Areas Amid Strong Growth Dynamics

indie
4 minutes

HONG KONG, Feb 21, 2022 - (ACN Newswire via SEAPRWire.com) - The board of directors of Hypebeast Limited (Stock Code: 0150.HK) has announced the Group's unaudited key financial results for the three months ended 31 December 2021 ("FY2022 Q3"). The Group started the Financial Year on a high note and continued momentum in FY2022 Q3 with a strong emphasis on realizing strategic and geographical expansion initiatives to capitalize on new business opportunities. In particular, the Group has executed a multi-layered diversification strategy, including content generation in new interest areas such as art and sports, the continued expansion of advertising capabilities offered by the Group's Media segments, and product expansion on the E-Commerce and Retail segments, all of which have energized existing consumers and paved the way for future business growth.As the trend towards digital channels continues, the Group has made a corresponding greater shift in marketing and advertising budgets from traditional marketing channels to digital and online channels, and the Group expects to benefit from this dynamic operating environment. The Group's existing strategies and a favorable operating envi...

ACN Newswire
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Malaysian Genomics Resource Centre Berhad Records Significant Increase in Revenue of RM7.63 Million

indie
3 minutes

PETALING JAYA, MALAYSIA, Feb 16, 2022 - (ACN Newswire via SEAPRWire.com) - Malaysian Genomics Resource Centre Berhad ("MGRC" or "the Group"), a leading genomics and biopharmaceutical specialist, today announced that it recorded revenue of RM7.63 million for the second quarter ended 31 December 2021 ("2Q FY2022"), a significant increase of RM7.49 million compared with revenue of RM0.14 million for the corresponding quarter of the previous year.The increase in revenue stems from the contribution of the Group's biopharmaceuticals division, which contributed 78% of total revenue and was largely due to the distribution of immunotherapy and cell therapies as well as COVID-19 vaccine distribution and administration.MGRC registered profit after tax ("PAT") of RM1.01 million for 2Q FY2022 compared with a loss of RM1.55 million in the previous corresponding quarter, with the swing back to profitability due to the higher margins from the distribution of immunotherapy and cell therapies.For the first six months ended 31 December 2021 ("1H FY2022"), the Group registered revenue of RM16.94 million, which is an increase of RM16.72 million compared with revenue of RM0.22 million in the correspondi...

ACN Newswire
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Shaktiio Announces Its Breakthrough ICO on 1 March 2022

indie
3 minutes

Pune, India, Feb 2, 2022 - (ACN Newswire via SEAPRWire.com) - Shaktiio is a pioneering endeavor that intends to develop an anti-liquidation protocol that assures that cryptocurrencies used as collateral are not sold and forcedly liquidated if their value falls below certain limits or the amount of debt owed. Its debut is closely approaching, as the ICO is set to take place on 1 March 2022.Overall, the SKTO token will have a fixed supply of 1 billion tokens, with an initial supply of 560 million tokens accessible during the token sale, assuming a minimum aim of $100 million being reached. Initially, 1 ETH will be equivalent to 22,222 SKTO. If the plan goes accordingly, there will be a 1 million token distribution for ICO investors in the aftermath of the ICO event. Out of the remaining token supply, 340 million will be locked for 3 years, being also eligible for any eventual burns. Lastly, the remaining 100 million will be utilized for promotions and claims reserve.Most importantly, an ETH reserve will be set up to ensure that all tokens sold during the ICO are secure. The protection of ICO investors comes first, as any investment is assured by a 100 % buyback endeavor which guarant...

ACN Newswire
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Genetec Delivers Its Best Quarter to Date

indie
4 minutes

BANGI, Malaysia, Jan 26, 2022 - (ACN Newswire via SEAPRWire.com) - Technology leader in providing fully customised, intelligent manufacturing automation solutions, Genetec Technology Berhad announced their best financial quarter to date for their third quarter ended 31 December 2021 (Q3FY2022). The Company recorded a 2,350% growth on their quarter on quarter (QoQ) profit after tax (PAT) performance, with an increase of RM18.8 million for the said quarter to RM19.6 million, compared to RM0.80 million registered for the corresponding quarter (Q3FY2021) due to higher revenues and managed costs.For the same quarter, Genetec's profit before tax (PBT) stood at RM21.0 million which is higher by 19.3% than the RM17.6 million posted in their second quarter (Q2FY2022), due to higher sales whilst costs remained stable. Revenue for the quarter stood at RM65.3 million, an increase of 98.5% QoQ, and a 10.1% increase over the preceding quarter Q2FY2022, bringing the annual total to RM164.9 million for the 9 months ending 31 December 2022 (9MFY2022). Earnings per share stood at 34.53 sen (fully diluted) in Q3FY2022 compared to EPS of 2.06 sen in Q3FY2021.For the nine months of the financial year e...