Latest news with #RM31.3mil
The Star
2 days ago
- The Star
GOF seizes e-waste worth over RM31mil in Parit
pic courtesy General Operations Force via BERNAMA IPOH: The General Operations Force (GOF) has seized electronic waste (e-waste) worth RM31.3mil in a raid on an illegal factory within an oil palm plantation in Parit. Ulu Kinta GOF Northern Brigade Commander Senior Asst Comm Shahrum Hashim said the items seized on Tuesday (July 22) included 81 blocks of e-waste weighing 105.3 tonnes, five tonnes of coal, two four-wheel-drive vehicles and a trailer lorry. "The investigation found that the illegal factory, about 5km from the main road, is believed to have been carrying out unlicensed e-waste processing activities using specialised equipment without any approval from the authorities. "The raid, conducted in collaboration with the Perak Environment Department (DOE), Perak Tengah District Council and Perak Tengah District and Land Office, also led to the arrest of three local men, aged between 36 and 70, to assist with the investigation,' he said in a statement on Wednesday (July 23). SAC Shahrum said the case is being investigated under Sections 18, 19, and 34B of the Environmental Quality Act 1974, Section 6 of the Second-hand Dealers Act 1946, as well as Section 127 of the National Land Code. He added that enforcement efforts would be intensified, with no compromise given to any party involved in illegal activities. "The public is urged to serve as the eyes and ears of the authorities by channelling information on such illegal activities,' he said. – Bernama
The Star
03-06-2025
- Business
- The Star
Deleum completes 70% equity purchase of PT OSA Industries
Deleum group CEO Rao Abdullah — AZLINA ABDULLAH/The Star KUALA LUMPUR: Following the completion of its acquisition of a 70% stake in PT OSA Industries Indonesia (PT OSA), Deleum Bhd said it will shift its focus towards integrating PT OSA's operations and aligning business practices to unlock cross-border synergies. The oil and gas (O&G) services provider said the US$7mil (about RM31.3mil) purchase strengthens its presence in the Southeast Asian O&G sector, boosting its technical capabilities in valve maintenance and extending its operational footprint in Indonesia. The acquisition also complements the group's existing valve business under its subsidiary, Penaga Dresser Sdn Bhd, based in Malaysia. PT OSA, which specialises in the supply, servicing, and maintenance of valves for the O&G sector, is the exclusive channel partner for Baker Hughes valves in Indonesia, serving major clients in the energy and industrial sectors through its facility in Cikarang with a team of over 70 technical personnel. The acquisition, made via Deleum's wholly-owned subsidiary, Deleum Services Sdn Bhd, includes a profit guarantee of US$2.7 mil (about RM12.1mil) for the financial years ended/ending Dec 31, 2024, and 2025. The group said it plans to enhance valve lifecycle management services, streamline delivery processes, and share technical expertise between the Malaysian and Indonesian teams. These integration efforts will enable Deleum to deliver more comprehensive, regional scale solutions to customers across Southeast Asia 'The completion of the acquisition marks a strategic turning point for Deleum as we move beyond domestic borders to establish a stronger regional platform. We are committed to strengthen the business under our stewardship, driving long term-value. With our technical capabilities, market insights, and fresh perspective, we believe we can further enhance PT OSA's capabilities and performance. Our goal is to expand PT OSA's market reach within Indonesia, delivering more comprehensive solutions to our customers and ultimately increasing shareholder's value through sustainable growth," said group CEO Rao Abdullah in a statement.
