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TMR

MRCB buys out EPF in Bukit Jalil land venture for RM1.6b

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MALAYSIAN Resources Corporation Bhd (MRCB) is taking full control of a prime Bukit Jalil landbank after agreeing to buy out the Employees Provident Fund’s (EPF) 80% stake in Bukit Jalil Sentral Property Sdn Bhd (BJSP) for RM1.58 billion cash.

The acquisition, signed today via its wholly-owned subsidiary Rukun Juang Sdn Bhd, covers 8 million ordinary shares and 1.13 billion redeemable preference shares.

Once completed, MRCB will own 100% of BJSP, which holds three parcels of leasehold land in Bukit Jalil with an appraised market value of RM2.06 billion.

MRCB and EPF had partnered in 2017 to develop the site into a major mixed development, but progress was stalled by the pandemic and shifting market dynamics.

The exit by EPF ends the joint venture and leaves MRCB free to chart new plans.

The company said it will reassess the development potential of the land, with options ranging from residential and commercial projects to technology-driven uses such as data centres, given the location’s connectivity and proximity to the MRANTI innovation hub.

Funding for the deal will be a mix of internal resources and external borrowings.

While gearing will increase, MRCB expects the acquisition to enhance its net assets per share and future earnings. — TMR

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Reservoir Link wins RM60m contract to build waste recovery facility

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RESERVOIR Link Energy Bhd has secured a RM60.2 million turnkey contract to design and build a waste recovery facility for Sage Promaster Sdn Bhd.

Its subsidiary RL Sigma Engineering Sdn Bhd will undertake the engineering, procurement, construction and commissioning (EPCC) works for the plant, which is designed to process up to 15,000 metric tonnes of raw materials.

The facility will produce Safefuels, Sage Promaster’s proprietary alternative fuel that generates renewable energy similar to conventional fuels used in cement and power plants.

The letter of award was dated Aug 27, 2025, Reservoir Link said in a Bursa Malaysia filing. — TMR

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Markets News

Inta Bina secures RM66.5m contract from Eco Majestic Development

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INTA BINA Group Bhd has accepted a RM66.52 million letter of award from Eco Majestic Development Sdn Bhd for main building works at a gated and guarded community housing development in Precinct 5, Beranang, Selangor.

The contract, awarded to its wholly-owned unit Inta Bina Sdn Bhd, covers the construction of double-storey detached, semi-detached and terrace houses as well as a main substation under Phase 1A of the project.

Work is scheduled to begin on Sept 22, 2025, with completion targeted for May 21, 2027, giving the project a 20-month timeline.

Inta Bina said the contract will be funded through internally generated funds and/or external borrowings and is expected to contribute positively to earnings over the duration of the project. — TMR

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Markets News

Econpile bags RM54m Penang LRT piling works contract

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ECONPILE Holdings Bhd has secured a RM53.99 million sub-contract from Gamuda Geo Sdn Bhd for bored piling and associated works on the Penang Light Rail Transit (LRT) project, specifically the Komtar to East Jelutong stretch under Package CMC1.

The works, awarded to its wholly-owned subsidiary Econpile (M) Sdn Bhd, will commence on Oct 1, 2025, with completion slated for Apr 30, 2027.

Econpile said the project is expected to contribute positively to its revenue and earnings from the financial year ending June 30, 2026, onwards. — TMR

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Markets News

Large-cap buying, regional cues push Bursa up 0.47% at close

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KUALA LUMPUR — Bursa Malaysia closed 0.47 per cent higher today as investors shifted their focus to large-cap stocks while tracking key regional indices.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 7.44 points to 1,585.59 from last Thursday’s close of 1,578.15.

The index began the session 3.07 points firmer at 1,581.22, and was traded between 1,579.57 and 1,587.16 during the morning session.

In the wider market, gainers beat decliners 548 to 434, while 524 counters were unchanged, with 1,062 untraded and eight suspended.

Turnover declined to 2.15 billion units worth RM1.94 billion from 2.32 billion units worth RM2.30 billion last Thursday.

The local bourse was closed on Friday for the Maulidur Rasul holiday.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the optimism was buoyed by softer United States payroll data that strengthened expectations of a September US interest rate cut.

“Investors stayed upbeat on expectations of a Fed rate cut of at least 25 basis points at the September 16-17 policy meeting, even as attention this week centred on crucial US consumer inflation readings,” he told Bernama.

Thong added that for the local bourse, the benchmark index regained the 1,585 level and is now attempting to reverse the downtrend seen from late 2024 to early 2025.

“However, trading volume has remained relatively subdued, suggesting that while the technical setup is constructive, stronger participation from investors will be essential to sustain momentum and validate the uptrend.

“Hopes are that this emerging uptrend will entice more participants into the market, boosting volume and reinforcing the rally,” he said.

The benchmark index is anticipated to trend within the range of 1,570-1,600 for the week.

Among the heavyweights, Maybank and Public Bank added one sen to RM10.0 and RM4.28, respectively. Tenaga Nasional accumulated 26 sen to RM13.32, IHH Healthcare rose one sen to RM6.92, while CIMB Group decreased three sen to RM7.27.

Pharmaniaga emerged as the most active counter at the close, advancing 1.5 sen to 19.5 sen, followed by NexG and Jaks, which were one sen better at 49 sen and 11 sen respectively. Tanco was 1.5 sen higher at 81 sen, while Velesto improved one sen to 21.5 sen.

Consumer stocks led the broader market, with Nestle increasing by 76 sen to RM94.00, followed by Petronas Dagangan, which improved by 34 sen to RM22.14, and PPB, which gained 30 sen to RM9.90.

On the index board, the FBM Emas Index rose 46.73 points to 11,762.02, the FBMT 100 Index added 43.08 points to 11,527.24, and the FBM Emas Shariah Index improved 60.03 points to 11,735.55.

The FBM 70 Index climbed 12.74 points to 16,447.45, while the FBM ACE Index was 30.23 points weaker at 4,768.96.

By sector, the Financial Services Index firmed 11.62 points to 18,126.06, the Industrial Products and Services Index edged up 1.76 points to 164.75, the Plantation Index edged up 31.93 points to 7,636.36, while the Energy Index shed 3.30 points to 740.32.

The Main Market volume inched up to 1.29 billion units valued at RM1.75 billion from 1.24 billion units valued at RM2.09 billion on Thursday.

Warrant turnover declined to 596.79 million units worth RM91.02 million from 723.44 million units worth RM108.28 million previously.

The ACE Market volume narrowed to 262.34 million units worth RM100.3 million from 363.27 million units worth RM96.72 million.

Consumer products and services counters accounted for 208.85 million shares traded on the Main Market, industrial products and services (184.78 million), construction (119.46 million), technology (185.48 million), financial services (62.11 million), property (136.03 million), plantation (27.88 million), REITs (29.20 million), closed/fund (32,100), energy (85.36 million), healthcare (165.16 million), telecommunications and media (22.69 million), transportation and logistics (26.58 million), utilities (32.91 million), and business trusts (156,300). — BERNAMA

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Business News

Classita inks heads of agreement to divest 49% stakes in subsidiaries

16 hours ago

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CLASSITA Bhd has entered into a heads of agreement (HOA) with Choo Peng Hung (CPH) for the proposed disposal of 49% equity interests in its wholly-owned subsidiaries, Classita (M) Sdn Bhd and Marywah Industries (M) Sdn Bhd.

Choo is a director and member of the management team of the two subsidiaries.

The HOA serves as a framework for both parties to negotiate the definitive terms of the transaction, including consideration and material conditions, with the target of signing a final agreement within six months or a later mutually agreed period.

The proposed transaction is aimed at allowing management equity participation, which Classita expects will enhance commitment and align interests with the company.

At the same time, the divestment will enable Classita to reallocate resources towards its property and construction businesses.

Its board noted that none of the company’s directors or major shareholders, nor persons connected with them, have any interest in the HOA.

Classita said the transaction is consistent with its strategic focus and expansion into the property, construction and infrastructure sectors.

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News

Unique Fire forms JV to expand into emergency lighting business

16 hours ago

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UNIQUE Fire Holdings Bhd has signed a joint venture and shareholders agreement with Singapore-based Z10 Pte Ltd and Malaysia’s E&E Electrical Solutions Sdn Bhd.

The three parties will jointly operate Unique Electronics Sdn Bhd, which will sell and distribute emergency lights and “Keluar” escape signages.

Z10 will hold 51% of the company, E&E 29%, while Unique Fire will own 20%.

The venture supports Unique Fire’s strategy of broadening its safety solutions portfolio and creating a more complete fire and safety ecosystem.

Z10 will be responsible for securing and overseeing the manufacturer, while E&E will supervise operations, manage licensing and approvals, and explore markets.

Unique Fire will focus on market development for the products.

The manufacturer, Ginkgo Electric (Zhejiang) Co Ltd of China, will supply the products in compliance with international and Malaysian standards under a two-year renewable agreement.

Governance of Unique Electronics will be through a four-member board with two directors from Z10, one from E&E and one from Unique Fire.

Unique Fire will fund its capital contribution through internal resources and/or bank borrowings, and the joint venture is not expected to have a material effect on its financials for the year ending March 31, 2026.

The company expects the partnership to contribute positively to future profitability, and its board believes the deal is in the best interests of the group. — TMR

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News

Highway firm director charged with RM450m for CBT, money laundering

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A HIGHWAY construction company director was charged in the Sessions Court today with multiple counts of criminal breach of trust (CBT) and money laundering involving more than RM450 million.

In a report by an online portal, Tan Sri Abu Sahid Mohamed, 74, pleaded not guilty to four charges of CBT involving over RM313 million and 13 charges of money laundering amounting to RM139.2 million. The charges were linked to the proposed MEX II highway project.

Appearing in court in a wheelchair, he was charged in his capacity as director of Maju Holdings Sdn Bhd.

Judge Suzana Hussin set bail at RM1.5 million with one surety and ordered him to surrender his passport until the case is resolved. The court fixed Nov 3 for the next mention to allow time for case preparation.

Abu Sahid is accused of misappropriating more than RM313 million in company funds from a Bukit Tunku bank account between May 2016 and October 2019.

The CBT charges were filed under Section 409 of the Penal Code, which carries a penalty of two to 20 years’ imprisonment, as well as possible caning and fines.

Prosecutors also alleged that he laundered RM116.4 million by transferring money from his personal account to five individuals and four construction companies. He faces further money laundering charges for cash withdrawals amounting to RM22.8 million through 17 cheques between May 2016 and September 2018.

All money laundering charges were filed under the Anti-money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001. This allows for a maximum jail term of 15 years and fines of at least five times the value of the illicit proceeds.

Meanwhile, Deputy Public Prosecutor Datuk Ahmad Akram Gharib confirmed that both parties agreed to set bail at RM1.5 million with one surety for all charges. The prosecution also requested that the CBT and money laundering charges be tried together.

Defence counsel Datuk Hisyam Teh agreed to the bail terms and did not object to the request for a joint trial. Suzana then approved the prosecution’s application for all charges to be heard in a combined trial.

In April, reports stated that the Malaysian Anti-corruption Commission (MACC) had detained four individuals — three men and a woman in their 50s and 70s — to assist in investigations into false claims amounting to about RM360 million.

Preliminary findings revealed that the claims were connected to the use of sukuk funds for a Klang Valley highway project worth around RM1.3 billion, carried out between 2016 and 2017.

To date, 61 witnesses have been called to aid the probe, while 14 personal accounts and eight company accounts, totalling RM156 million, have been frozen. — TMR

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16 hours ago 0 comments

PR Newswire

OranAI Raises Multi-Million-Dollar Angel Funding to Lead AI Content Marketing Through Its AI Agent PhotoG

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CITY OF INDUSTRY, Calif., Sept. 8, 2025 /PRNewswire/ — OranAI, a next-generation AI marketing company, announced the completion of a new multi-million-dollar angel financing round. The investment will accelerate OranAI’s expansion and strengthen its AI Marketing Agent, PhotoG, which enables enterprises to automate insights, content generation, and multi-channel publishing at scale.

Founded in 2024, OranAI provides an integrated AI marketing solution covering insights, strategy, content creation, and operations. Its product suite — including PhotoG, DataG, and VoyaAI — empowers brands to achieve AI content marketing that is faster, more cost-effective, and more consistent than traditional approaches. Within just six months of go-to-market, OranAI has surpassed $1.4 million in revenue and secured over 40 enterprise clients across beauty, FMCG, fashion, and consumer electronics.

In addition, OranAI has built the world’s largest AI model library, designed to meet the diverse needs of global advertising. The library includes AI-generated models of different genders, ethnicities, and styles, all created with a proprietary compliance framework that eliminates copyright and privacy risks. This enables brands to safely and efficiently scale personalized campaigns across international markets.

PhotoG: The AI Marketing Agent

PhotoG is OranAI’s AI Marketing Agent, designed to automate the full marketing workflow. From market insights and strategy to image/video generation and one-click publishing, PhotoG delivers campaigns at one-tenth the cost of conventional content marketing.

To ensure commercial-grade quality, OranAI pioneered the a-t diffusion algorithm, enabling high-fidelity outputs across product, scene, and copy. On VBench 2.0 marketing benchmarks, PhotoG has achieved SOTA-level performance, with consistency scores exceeding 0.92.

Building the Commercial AI Brain

OranAI is also building a multimodal model matrix it calls the “commercial brain” — from the Oran-VL 7B vision-language model to the large-scale Oran-XVL 72B multimodal model. By combining trend insights with customer engagement data, OranAI enables enterprises not only to “see” but to understand and act on complex consumer and business needs.

Market Traction

OranAI focuses on industries with substantial budgets and fast decision cycles — including beauty, FMCG, fashion, and consumer electronics. Its results-based pricing model directly aligns AI-driven marketing with business outcomes, making its AI Marketing Agent PhotoG indispensable for global brands.

Investor Perspectives

“OranAI shows us how the next generation of AI Marketing Agents will reshape the trillion-dollar advertising industry,” said one investor. “By combining technical precision with practical AI content marketing, OranAI is setting a new global standard.”

About OranAI

OranAI is an AI marketing company delivering end-to-end solutions for AI content marketing. Its core product PhotoG, the AI Marketing Agent, enables enterprises to generate high-quality creative content at scale. Together with DataG and VoyaAI, OranAI provides actionable insights and automated publishing, working with leading global brands in beauty, FMCG, fashion, and consumer electronics to drive intelligent, automated growth.

For more information, please contact:
Wanqi, Kuang
E-mail: [email protected]

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SOURCE OranAI.ltd

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PR Newswire

Sendmarc appoints Rob Bowker as North American Region Lead

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WILMINGTON, Del., Sept. 8, 2025 /PRNewswire/ — Veteran email security leader to expand MSP and VAR partnerships and accelerate DMARC adoption.

Sendmarc

Sendmarc today announced the appointment of Rob Bowker as North American Region Lead. Bowker will oversee regional expansion with a focus on growing the Managed Service Provider (MSP) partner community, developing strategic Value-Added Reseller (VAR) partnerships, and broadening the enterprise customer base.

Bowker brings more than two decades of experience in email infrastructure, deliverability, and security. He has helped organizations implement and scale Domain-based Message Authentication, Reporting and Conformance (DMARC), Sender Policy Framework (SPF), and DomainKeys Identified Mail (DKIM) to protect email ecosystems and improve deliverability.

In his new role, Bowker will lead Sendmarc’s North American growth by forging partner-led routes to market and accelerating DMARC adoption across enterprise and mid-market organizations, while empowering MSPs with tools to protect small and medium-sized businesses (SMBs). He will also expand the regional team to execute the company’s partner-first strategy.

“What excites me most about Sendmarc is our ability to pair an enterprise-class platform with a globally distributed team of experts. Customers don’t just get the best DMARC platform – they get support that spans time zones, cultures, and perspectives. I’m looking forward to helping Sendmarc accelerate growth across North America, working alongside MSPs, resellers, and enterprises to strengthen email security where it’s needed most,” said Bowker. “Rob’s knowledge of the email and DMARC landscape and his ability to turn strategy into execution make him an invaluable leader for our North American operations,” said Jason Roos, Chief Sales Officer at Sendmarc. “We’re excited to see the impact he’ll make as he continues building strong relationships with our partners and customers.”

About Sendmarc

Sendmarc is a global leader in safeguarding email communications through DMARC. Built with a partner-first approach, its platform empowers MSPs and VARs to deliver trusted protection against impersonation, phishing, and other email-based threats. In addition to preventing fraud, Sendmarc improves email deliverability, ensuring legitimate business communications reach their intended recipients. Trusted by partners worldwide, Sendmarc provides the tools and expertise needed to help customers achieve full DMARC compliance quickly and effectively.

Contacts

North America Region Lead
Rob Bowker
Sendmarc
[email protected]

Marketing Manager
Karyn Strybos
Sendmarc
[email protected]

Image – https://arah.my/wp-content/uploads/2025/09/Sendmarc.jpg
Logo – https://arah.my/wp-content/uploads/2025/09/Sendmarc_Logo.jpg

Sendmarc Logo

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SOURCE Sendmarc

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