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G Capital unit, TNB sign renewable energy power purchase agreement

G Capital Bhd's 96%-owned subsidiary, Gunung Hydropower Sdn Bhd, has signed a renewable energy power purchase agreement with Tenaga Nasional Bhd. ....

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Minetech expands into renewable energy, O&G sectors

KUALA LUMPUR (June 28): Minetech Resources Bhd, Malaysia s largest aggregate mining conglomerate, plans to broaden its horizon into renewable energy (RE) and the oil and gas (O&G) sectors.
In a virtual extraordinary general meeting today, company shareholders approved Minetech’s resolution on a proposed private placement, amendments to the constitution, reduction of share capital to fund the business expansion, as well as diversifications into the new sectors.
“Minetech is expected to raise proceeds amounting to approximately RM85.1 million through the proposed private placement and irredeemable convertible preference shares (ICPS).
“The approval of the proposed private placement and ICPS allow us to shift our gearing into the RE and O&G sectors, which we have identified as potential revenue generators that could potentially contribute 25% or more to our net profit, said its executive chairman Pengiran Datuk Awang Daud Awang Putera in a filing with Bursa Malaysi ....

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MyEG, Genting Malaysia, Vivocom, MISC, Jaycorp, Nexgram, Datasonic, Greatech, Yinson and Minetech

KUALA LUMPUR (March 3): Based on corporate announcements and news flow today, companies in focus on Thursday (March 4) may include: MyEG Services Bhd, Genting Malaysia Bhd, Vivocom Intl Holdings Bhd, MISC Bhd, Jaycorp Bhd, Nexgram Holdings Bhd, Datasonic Group Bhd, Greatech Technology Bhd, Yinson Holdings Bhd and Minetech Resources Bhd.
MyEG Services Bhd said net profit rose 6.74% to RM75.51 million in the fourth quarter ended Dec 31, 2021, from RM70.74 in the preceding quarter, boosted by revenue from Covid-19 health screenings, and online motorcycle insurance and road tax renewal service. Quarterly revenue increased 10.13% to RM149.89 million, from RM136.10 million previously, as the group witnessed increased revenue contribution from its screening and accommodation arrangement service for inbound travellers. MyEG declared a final dividend of 1.7 sen per share. ....

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Winfar develops Serlesa Villas in Serdang Heights

Economics graduate Chong Yoong Fu returned to the family business in 2011 after a stint in the corporate world because the family had land and expertise that he could bank on, and he had a deep passion for property development.
Last year, the executive director of Winfar Group, which he founded in 2012, launched his first residential development, Serlesa Villas, in Serdang Heights.
At his family business Tulin Development Sdn Bhd, he had been involved in two commercial projects, Tulin 28, which was completed in October 2012, and Seri Gembira Avenue, which was handed over to purchasers in August 2014.
“These two projects were developed on land my grandparents owned in partnership with a relative, who has been in the construction line for over 30 years,” says Chong. “He was my mentor when I joined the property business at the end of 2011 after I left MMC Corp Bhd. While at MMC Corp, I had been partially involved in the two projects, keeping tabs on their progress.� ....

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