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Daily Express
04-07-2025
- Daily Express
Luxury apartment raid uncovers drug den, karaoke hub
Published on: Friday, July 04, 2025 Published on: Fri, Jul 04, 2025 By: Bernama Text Size: For illustrative purposes only. - Getty Images/iStockphoto JOHOR BAHRU: A syndicate has been uncovered operating out of rented luxury apartments, which were converted into both a drug processing centre and a clandestine entertainment hub complete with karaoke rooms for customers. Johor police chief Datuk M. Kumar said that in a raid at about 6.30 am on June 25, rooms in three apartments of the same block were modified into karaoke lounges for customers to have fun while conveniently buying drug supplies from pushers. Advertisement In the raid, police seized drugs including syabu, ecstasy and ketamine worth RM1.72 million, as well as vehicles, cash and jewellery worth RM190,205. "Intelligence gathering began since the beginning of this year. This group is suspected to be masterminded by locals and became active around March 2025. They operated on a small scale, using gated and guarded apartments as locations to store and package drugs,' he told a press conference here today. He said nine individuals were arrested in the raid, comprising four local men, one local woman, one Singaporean man, two Vietnamese women, and one Laotian woman, aged between 21 and 64. Initial urine screenings showed all suspects tested positive for methamphetamine. Four of them have previous criminal records related to drugs and other offences, including a 64-year-old Singaporean who is also wanted by authorities in his home country for drug-related crimes The case is being investigated under Section 39B of the Dangerous Drugs Act 1952, the Immigration Act 1959/63 and Section 108 of the Road Transport Act 1987 with all suspects now remanded until tomorrow to assist in further investigation. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
The Sun
04-07-2025
- The Sun
Luxury apartment raid uncovers drug den, karaoke hub
JOHOR BAHRU: A syndicate has been uncovered operating out of rented luxury apartments, which were converted into both a drug processing centre and a clandestine entertainment hub complete with karaoke rooms for customers. Johor police chief Datuk M. Kumar said that in a raid at about 6.30 am on June 25, rooms in three apartments of the same block were modified into karaoke lounges for customers to have fun while conveniently buying drug supplies from pushers. In the raid, police seized drugs including syabu, ecstasy and ketamine worth RM1.72 million, as well as vehicles, cash and jewellery worth RM190,205. 'Intelligence gathering began since the beginning of this year. This group is suspected to be masterminded by locals and became active around March 2025. They operated on a small scale, using gated and guarded apartments as locations to store and package drugs,' he told a press conference here today. He said nine individuals were arrested in the raid, comprising four local men, one local woman, one Singaporean man, two Vietnamese women, and one Laotian woman, aged between 21 and 64. Initial urine screenings showed all suspects tested positive for methamphetamine. Four of them have previous criminal records related to drugs and other offences, including a 64-year-old Singaporean who is also wanted by authorities in his home country for drug-related crimes The case is being investigated under Section 39B of the Dangerous Drugs Act 1952, the Immigration Act 1959/63 and Section 108 of the Road Transport Act 1987 with all suspects now remanded until tomorrow to assist in further investigation. - Bernama
The Star
25-06-2025
- Business
- The Star
ACE Market-bound iCents group eyes regional growth after listing
From left: iCents Group executive director Tan Wei Ying, executive director Foo Siang Leng, substantial shareholder Faye Khor Fei Yi, managing director Vincent Ong Mum Fei, independent non-executive chairperson Lim Bee Vian, Alliance Islamic CEO Rizal IL-Ehzan Fadil Azim, Alliance Bank Malaysia group chief corporate and institutional banking officer Teoh Chu Lin and Alliance Islamic Bank head and senior vice-president of coverage and origination of Islamic capital markets Lim Shueh Li KUALA LUMPUR: Cleanroom and facility services provider iCents Group Holdings Bhd (iCents Group) plans to expand its operations to Singapore and establish new offices in Kuching and Indonesia following its listing on the ACE Market of Bursa Malaysia on July 17, 2025. Group managing director Vincent Ong Mum Fei said the company aims to expand to Singapore and is currently preparing a proposal. He added that funds raised from its initial public offering (IPO) will also be used to establish offices in Kuching and Indonesia, supporting its operations in these areas. "As for Kuching, we currently have ongoing service activities there, with two projects in progress. After the IPO, we also plan to set up an office to serve the Kuching market and expanding our product range is always important," he said at the press conference held in conjunction with the company's prospectus launch. iCents Group aimed to raise RM27 million from its IPO, and of the proceeds, RM4.68 million would be utilised for the purchase of machinery and equipment, RM3.02 million for business expansion, RM1.72 million for product development, RM1.5 million for marketing activities, RM12.09 million for working capital and RM4 million for estimated listing expenses. Ong said the company would be setting up a facility in Mantin, Negeri Sembilan, this year. Meanwhile, Ong said iCents Group has not seen any immediate impact from the tariff imposed by the United States. The company's cleanroom services cater to the semiconductor, electronics, data centres, pharmaceutical, and life sciences sectors, among others. "We have not seen any immediate impact from the new tariffs. Currently, many companies, especially in the semiconductor sector, are taking a 'wait and see' approach. "That said, there has been a minor impact on capital expenditure," he said. In a statement released today, iCents Group said its IPO exercise encompassed a public issuance of 112.50 million new ordinary shares, representing approximately 22.50 per cent of its enlarged issued share capital upon listing, as well as an offer for sale of 30 million existing shares, representing approximately six per cent of its enlarged issued share capital. Out of the public issue of 112.50 million issue shares, 25 million issue shares will be made available to the Malaysian public via balloting, and 10 million issue shares will be made available to its eligible directors, employees and persons who have contributed to the success of the group. Another 15 million issue shares will be made available through private placement to selected investors, while the remaining 62.50 million issue shares will be made available by way of private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry. "Additionally, all 30 million offer shares to be offered for sale will be offered to selected investors by way of private placement," it added. Following the prospectus launch, applications for the public issue are open from today and will be closed on July 2, 2025, at 5 pm. Alliance Islamic Bank Bhd is the principal adviser, sponsor, sole underwriter and placement agent for the IPO exercise. - Bernama
New Straits Times
30-05-2025
- Business
- New Straits Times
Southern Cable likely frontrunner for next wave of data centre cable jobs
KUALA LUMPUR: Southern Cable Group Bhd is poised to clinch a major share of the next wave of power cable contracts linked to at least 10 electricity supply agreements (ESAs) for data centre projects, said an analyst. This follows Tenaga Nasional Bhd's (TNB) recent announcement of five signed ESAs for data centres totalling 666 megawatts (MW) in the first quarter of this year, with another 10 contracts expected to be signed by year-end. Apex Securities analyst Tan Sue Wen said the surge in demand for medium- and high-voltage (MV and HV) power cables is expected to benefit Southern Cable, which operates in a segment with limited competition. "With its entrenched position in the MV and HV cable segments, and limited competition in this space, Southern Cable is well-positioned to capture a large portion of these upcoming infrastructure opportunities," she said in a note. Besides its role in domestic infrastructure, Tan said Southern Cable is also seen as a beneficiary of United States-bound exports, being one of the few local cable suppliers with distribution access to the American market. Apex Securities has raised its earnings forecast for Southern Cable by 21 per cent across financial years 2025 to 2027, citing robust margin expansion and resilient demand for power cables. The group's power segment, which accounts for the bulk of its revenue, saw gross profit more than double year-on-year in the first quarter ended March 31, 2025, as demand for MV and HV cables surged. These products made up over 30 per cent of the segment's revenue during the quarter, according to the research firm. Excluding a one-off forex loss, core net profit rose 113.7 per cent to RM29.1 million in the quarter, accounting for 28 per cent of the full-year forecast, a performance it described as exceeding expectations. "We expect stronger performance in the remaining quarters of the financial year. The outperformance was largely due to stronger-than-anticipated margins of power cables and wires in the power segment," it said. Southern Cable has RM1.3 billion worth of orders in hand, about 90 per cent of which are for power cables, which Apex Securities believes provides solid earnings visibility for the rest of the year. In line with the revised earnings outlook, the firm raised its target price for the group to RM1.72 from RM1.42 and reiterated a 'Buy' call, noting the stock's undemanding valuation at 12 times 2025 forecast earnings. "Risks to the outlook include a spike in raw material prices such as copper and steel, and the potential failure to secure new contracts," it added.
Barnama
27-05-2025
- Automotive
- Barnama
Malaysia Autoshow 2025 Generates Over RM 1.72 Billion Potential Sales, Draws 294,062 Visitors
SERDANG, May 19 (Bernama) -- The Malaysia Autoshow 2025 (MAS 2025) concluded its most successful edition yet attracting a record-breaking 294,062 visitors with RM1.72 billion in potential sales generated from 3,194 vehicle bookings and 1,512 prospective trade-ins, along with an impressive 18,824 sales leads. Organized by the Malaysia Automotive, Robotics, and IoT Institute (MARii) with support from the Ministry of Investment, Trade and Industry (MITI), MAS 2025 underscored Malaysia's growing leadership in next-generation mobility as the nation assumes the ASEAN Chairmanship in 2025. Held from May 9 to May 15 at Malaysia Agro Exposition Park Serdang (MAEPS), MAS 2025 featured over 200 exhibitors and more than 500 vehicles across 50,000 square metres. With the theme 'Shifting the Future,' this year's show not only broke attendance records but also deepened public understanding of the rapidly evolving mobility ecosystem.
