Latest news with #RM39.59mil
The Star
18-06-2025
- Business
- The Star
MN Holdings wins RM39.59mil data centre job
PETALING JAYA: MN Holdings Bhd has secured a contract from an information technology services provider (Company A) to design, supply, install, test and commission an electrical supply system for a cable landing station of a data centre in the Southern Region of Malaysia, worth RM39.59mil. In a filing with Bursa Malaysia, the infrastructure utilities and construction services provider said it was unable to disclose the identity of Company A as the company is not agreeable to provide consent for disclosure due to the non-disclosure agreement executed by the parties, which prohibits the disclosure of information in relation to the customer without prior written consent. MN Holdings said the job commenced on April 15, 2025, with the long lead equipment delivery scheduled for Sept 30, 2025. The 'power turn-on' is expected to be on Dec 30, 2025. MN Holdings said the contract will not have any effect on the issued share capital and the shareholding of the substantial shareholders of the company. However, it said the contract is expected to contribute positively to the future earnings and net assets per share of the company upon commencement of the project.
The Star
11-06-2025
- Business
- The Star
KTC acquires four land plots in Sabah for RM39.6mil
PETALING JAYA: Kim Teck Cheong Consolidated Bhd (KTC) is acquiring four parcels of land totalling approximately 15 acres within the Kota Kinabalu Industrial Park in Sabah from KKIP Sdn Bhd for RM39.59mil. In a filing with Bursa Malaysia, KTC, a provider of market access and coverage of consumer-packaged goods, said the proposed transaction is in line with the company's strategy to strengthen and expand its distribution and logistics capabilities to support future growth. 'The parcels of land identified are strategically located and are intended to be developed into a distribution and warehouse hub to enhance the company's operational efficiency and supply chain management. 'The development of the distribution and warehouse hub will provide the company with greater control over its logistics infrastructure, reduce reliance on third-party facilities and improve cost effectiveness in the long term.' KTC also said the acquisition is expected to support its business expansion plans and improve delivery timelines to customers across the region. The company said the acquisition will be funded by a combination of internally generated funds and bank borrowings 'Barring any unforeseen circumstances, the board is of the view that the proposed transactions will contribute positively to the future earnings and value of the group. 'The transaction is not expected to have any material effect on the earnings and consolidated earnings per share of the company and the group for the financial year ending June 30, 2025.'
The Star
11-06-2025
- Business
- The Star
KTC acquires land in Sabah for RM39.6mil
PETALING JAYA: Kim Teck Cheong Consolidated Bhd (KTC) is acquiring four parcels of land totaling approximately 15 acres within the Kota Kinabalu Industrial Park in Sabah from KKIP Sdn Bhd for RM39.59mil. In a filing with Bursa Malaysia, KTC, a provider of market access and coverage of consumer-packaged goods, said the proposed transaction is in line with the company's strategy to strengthen and expand its distribution and logistics capabilities to support future growth. 'The parcels of land identified are strategically located and are intended to be developed into a distribution and warehouse hub to enhance the company's operational efficiency and supply chain management. 'The development of the distribution and warehouse hub will provide the company with greater control over its logistics infrastructure, reduce reliance on third-party facilities and improve cost effectiveness in the long term.' KTC also said the acquisition is expected to support its business expansion plans and improve delivery timelines to customers across the region. The company said the Acquisition will be funded by a combination of internally generated funds and bank borrowings 'Barring any unforeseen circumstances, the Board is of the view that the proposed transactions will contribute positively to the future earnings and value of the group. 'The transaction is not expected to have any material effect on the earnings and consolidated earnings per share of the company and the group for the financial year ending June 30, 2025.'
