MooFest 2024 by Moomoo Singapore and AlphaInvest Receives Massive Turnout

MooFest 2024 organised at Suntec Convention Centre was timely as financial markets are at inflection point due to rapid advances in technology.
“Thinking Forward and Mastering the Future” theme inspired attendees on achieving their financial aspirations.
Impressive lineup of Thought Leadership speakers and panellists, included representatives from Singapore, Japan, and the US.

SINGAPORE, July 12, 2024 – (ACN Newswire) – AlphaInvest Holdings Pte Ltd, a leading regional financial services, media, and technology company, and Moomoo Singapore, a leading digitalised brokerage in Singapore, co-organised MooFest 2024 (“MooFest 2024”), a premier investment event which took place on 6th July 2024 at Suntec Convention Centre, Singapore.

MooFest 2024 - Inspiring attendees to think forward and master the future. — MooFest 2024 – Inspiring attendees to think forward and master the future.

Due to rapid advances in technology and their impact on trading infrastructure, investing information, and investment decision-making, this year’s event, “Thinking Forward, Mastering the Future,” was a landmark gathering for all investors in the financial markets.

Mr. Christopher Lee, Group Chief Executive Officer and co-founder of AlphaInvest Holdings Pte. Ltd., said, “In the digital age, investors face a landscape filled with unprecedented challenges but also great opportunities. Global financial markets are increasingly interconnected, and technological advancements are reshaping the investing landscape. At the heart of all this is Information—the oil that lubricates investment decision-making. At AlphaInvest, we are committed to helping investors navigate the complexities of modern financial markets by providing investors with timely, reliable, accurate, and quality Information as well as the digital tools to glean insights, formulate strategies and implement risk management from the Information.”

This year’s event attracted more than 3,000 attendees, with a star-studded lineup of speakers and panellists including Gavin Chia (Moomoo SG), Echo Zhao (Moomoo SG), Lily Chia (Singapore Exchange), James McKeone (NASDAQ), and Hiroki Kawai (Japan Exchange Group). They shared with attendees their valuable insights on topics such as global challenges and opportunities in the digital age, innovations in market and trading infrastructure, and the impact of technology on stock exchanges.

Mr. Gavin Chia, CEO of Moomoo Singapore, remarked, “The rapid advancement of technology has revolutionised stock exchanges globally, making them more efficient, accessible, and transparent. Our focus at Moomoo Singapore is to provide our clients with seamless and secure trading and custodian services. By leveraging new technologies such as AI, we are not only enhancing the operational efficiencies of our trading infrastructure but empowering investors with real-time insights and data-driven decision-making capabilities.”

Mr. Chia revealed that, on average, investors were increasing the proportion of U.S. stocks in their portfolio to 70% even as they held 20 % of their portfolio in Singapore stocks with strong fundamentals and good valuations. Mr Chia also remarked that with the ‘higher for longer’ interest rate environment, there was good demand for money market funds, and investors were also interested in holding cryptocurrency for portfolio diversification. Chia announced that Moomoo Singapore will soon offer cryptocurrency trading on its platform, just months after receiving the Major Payment Institution (MPI) License from the Monetary Authority of Singapore.

About AlphaInvest Holdings Pte. Ltd. | www.alphainvestholdings.com

A leading regional financial services, media and technology company, AlphaInvest Holdings Pte Ltd (“AlphaInvest” or “the Group”) was founded in 1999 to empower investors by providing them with trusted products and services for informed investment decision-making. Its core areas of business span investor relations, market data tools and investor education.

AlphaInvest Group operates the largest investor relations network in the region, with a customer base of about 700 public listed companies and a reach of over 300,000 people across its platforms. The Group has over 120 employees in four countries (Singapore, Malaysia, Thailand, and Indonesia).

The Group has made several strategic investments:

Investor relations / public relations firm, Waterbrooks Consultants Pte Ltd (www.waterbrooks.com.sg)
Singapore’s leading social media platform for investors, InvestingNote (www.investingnote.com)

InvestingNote is the largest and most active social platform for investments in Singapore and Malaysia. It is a community-driven platform designed specifically to help investors and traders to share ideas on stocks, news and insights through social networking and a variety of useful investment tools.

ShareInvestor (www.shareinvestor.com) offers online market data tools for multiple markets through its ShareInvestor Station™, ShareInvestor WebPro™, and ShareInvestor Mobile products.

AlphaInvest’s digital publications include:

Investor-One (www.investor-one.com), a website on investor education, market news, corporate developments, and data analytics
Inve$t, an e-magazine published weekly in Singapore and Malaysia.

AlphaInvest organises financial investment seminars and conferences for investors. Its annual large-scale events INVEST Fair™(www.investfair.com.sg) in Singapore and Malaysia draws thousands of participants. Other key exhibition includes the largest REIT event ie REITS Symposium (www.reitsymposium.com).

Media Contact:

Mr. Nigel Lim
ShareInvestor / InvestingNote
Email: nigel.lim@shareinvestor.com
Mobile/WhatsApp: (+65) 8161-4010

Mr. Wayne Koo
ShareInvestor / Waterbrooks
Email: wayne.koo@waterbrooks.com.sg
Email: query@waterbrooks.com.sg
Mobile/WhatsApp: (+65) 9338-8166

Mr. Gavin Chia, CEO of Moomoo Singapore, delivering the keynote presentation

AlphaInvest Team with Moomoo’s Mascot at MooFest 2024

Proven Land Sdn. Bhd. Announces Partnership and Investment in EXSIM, Supported by Octowill Trustees

KUALA LUMPUR, July 5, 2024 – (ACN Newswire) – Proven Land Sdn Bhd (“Proven Land”). is pleased to announce the signing of an agreement with a wholly owned subsidiary of EXSIM Development Sdn Bhd (“EXSIM”) to subscribe a stake in the renowned property development company. This collaboration allows Proven Land to benefit from a diverse and innovative project portfolio that promises significant growth and development opportunities.

Mr Jack Leong, Director of Proven Land; Mr Lim Aik Hoe, Managing Director of EXSIM Development Sdn Bhd [L-R]

EXSIM known for its cutting-edge, green, and sustainable projects, has a prominent presence in the property development sector. Some notable hospitality projects of EXSIM which have been successfully completed includes Expressionz Professional Suites @ Tun Razak, Ceylonz Suites @ Bukit Ceylon, Scarletz Suites @ KL City Centre and Mossaz @ Damansara Perdana.

With a history of excellence and numerous successful developments, EXSIM has played a pivotal role in shaping the urban landscape and driving economic growth. This partnership is poised to harness the parties’ expertise to foster substantial growth in the property sector.

Mr. Jack Leong, Director of Proven Land commented, “Our investment in EXSIM marks a significant milestone for Proven Land. By subscribing the stake, we are poised to leverage their innovative projects and expertise, enhancing our portfolio and creating new opportunities for growth. This collaboration underscores our commitment to high-potential sectors and driving economic prosperity in the ASEAN region.”

Mr Lim Aik Hoe, Managing Director of EXSIM, said “We are delighted to welcome Proven Land as our partner. This collaboration signifies their confidence EXSIM in building more greener and sustainable developments, while elevating the living lifestyle of our buyers. We hope to have more partnership with Proven Land in the future, perhaps in different component of development too.”

On the same day, Proven Land also entered into an agreement with Octowill Trustees Berhad (“Octowill”), which will support Proven Land’s future development.

The Management of Octowill Trustees, remarked, “Our investment in Proven Land underscores our belief in the strategic vision and robust potential of Proven Land. This collaboration is set to unlock significant value for our stakeholders and drive sustainable growth, especially in the rapidly growing urban development landscape.”

Looking ahead, Proven Land remains highly optimistic about the future growth of the property development landscape in Malaysia. The Company is committed to identifying and capitalising on high-potential opportunities, driving innovation, and contributing to the economic prosperity of the region.

ABOUT PROVEN LAND SDN. BHD.

Proven Land Sdn. Bhd. is a Malaysia-based company dedicated to advancing sustainable property development. Proven Land focuses on creating innovative, eco-friendly developments that contribute to the well-being of communities and the environment. The company leverages expertise in property development to transform innovative ideas into successful, sustainable projects.

Issued By: Swan Consultancy Sdn. Bhd. on behalf of Proven Venture Capital Ltd.

For more information, please contact:
Jazzmin Wan
Tel: +60 17-289 4110
Email: j.wan@swanconsultancy.biz

Aimee Tan
Tel: +60 16-512 0051
Email: a.tan@swanconsultancy.biz

Go Hub Capital Berhad Commences Trading on ACE Market with Strong Opening Price of RM0.80

KUALA LUMPUR, July 5, 2024 – (ACN Newswire) – Go Hub Capital Berhad (“Go Hub” or the “Company”), a key transportation information technology (IT) solutions provider, proudly marked its debut today on the ACE Market of Bursa Malaysia Securities Berhad. The shares opened at RM0.80 per share, showcasing a strong market reception and achieving significant 128.57% premium over the IPO price of RM0.35 per share.

Mr. Eng Chee Seng, Chief Business Development Officer, Go Hub Capital Berhad; Cik Alwizah Al-Yafii Binti Ahmad Kamal, Independent Non-Executive Director, Go Hub Capital Berhad; En. Zulkifly Bin Zakaria, Independent Non-Executive Chairman, Go Hub Capital Berhad; Mr. Hong Boon Huon, Chief Technology Officer, Go Hub Capital Berhad; Mr Tan Cherng Thong, Executive Director / CEO, Go Hub Capital Berhad; Ms. Lee Li Yee Executive, Director / Finance Director, Go Hub Capital Berhad; Ms. Poh Zuan Yin, Independent Non-Executive Director, Go Hub Capital Berhad; Mr. Lee Yew Weng, Independent Non-Executive Director, Go Hub Capital Berhad [L-R]

Go Hub was listed under the stock name “GOHUB” today with the stock code “0311”.

Having a proven track record in terminal operating systems, bus operating systems, and automated fare collection systems, Go Hub group is a recognised leader in the public transportation IT solutions industry. The Company’s innovative technologies and commitment to operational efficiency have been instrumental in enhancing the quality of public transportation services and contributing to clients’ environmental, social, and governance (“ESG”) targets, including improving operational efficiency and passengers’ experience.

The successful initial public offering of Go Hub Capital Berhad raised approximately RM37.51 million, allocated as follows: RM24.71 towards business expansion, RM4.00 million for the repayment of bank borrowings, RM4.80 million for working capital requirements, and RM4.00 million reserved for payment of listing expenses.

En. Zulkifly Bin Zakaria, Independent Non-Executive Chairman of Go Hub expressed excitement: “This successful listing marks a significant milestone for Go Hub. It reflects the hard work and dedication of our team and the confidence the market has in our vision and strategy. We are enthusiastic about the opportunities this will bring, allowing us to further enhance our services and expand our reach within Malaysia.”

“The positive investor response to our IPO underscores the market’s belief in our capabilities and growth potential. We look forward to leveraging this momentum to drive Go Hub’s growth and to solidify our position as a key IT solutions provider in the public transportation sector.”

UOB Kay Hian Securities (M) Sdn. Bhd. is the Principal Adviser, Sponsor, Underwriter and Placement Agent for Go Hub.

ABOUT GO HUB CAPITAL BERHAD

Go Hub Capital Berhad (“Go Hub” or the “Company”) was incorporated in Malaysia as a private limited company under the name Go Hub Capital Sdn. Bhd. and converted to a public limited company, assuming its current name. Through its subsidiary, principally involved in the provision of enterprise IT services, focusing on providing transportation IT solutions (including customised software development systems and integration of hardware and software systems) in the bus and rail segments. Go Hub develops transportation IT solutions such as the Terminal Operating System (“TOS”) and the Bus Operating System (“BOS”) as well as the Automated Fare Collection System (“AFC”), which enhances the operational efficiency of public transportation infrastructures. Go Hub’s offerings also extend to include maintenance and support services as well as terminal management services for the IT solutions delivered. These technologies are crucial for entities looking to modernise, streamline and optimise its operational process flow and improve passengers’ travel experience through advanced digital platforms.

Issued By: Swan Consultancy Sdn. Bhd. on behalf of Go Hub Capital Berhad

For more information, please contact:
Jazzmin Wan
Tel: +60 17-289 4110
Email: j.wan@swanconsultancy.biz

William Yeo
Tel: +60 16-213 2103
Email: w.yeo@swanconsultancy.biz

Cat-Ching The Spotlight! Kucingko Launches Prospectus in conjunction with its Listing on Bursa Malaysia

KUALA LUMPUR, June 28, 2024 – (ACN Newswire) – Kucingko Berhad (“Kucingko” or the “Group”), an established 2D animation production services provider, is pleased to announce the launch of its prospectus for the upcoming initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad.

Mr. See Chin Joo, Executive Director, Kucingko Berhad; Datuk Roslan Hj Tik, Executive Director, Head of Group Investment Banking & Islamic Banking Kenanga Investment Bank Berhad; Mr. Ooi Kok Hong, Executive Director, Kucingko Berhad [L-R]

The IPO aims to raise RM30.0 million through the issuance of 100.0 million new shares at an IPO price of RM0.30 per share. The proceeds from the IPO will be allocated as follows:

RM17.8 million for capacity expansion, including RM11.9 million for the setting up of production branch offices in East Malaysia.
RM4.4 million for setting up sales office in United States of America (“USA”).
RM4.3 million for working capital.
RM3.6 million for listing expenses.

Executive Director of Kucingko Berhad, Mr. See Chin Joo said, “This IPO is a significant milestone for Kucingko. It symbolises our commitment to growth and innovation within the 2D animation industry. By launching our prospectus at the TRX Aurum Theatre, we are proud to be the first company to do so, reflecting our innovative spirit and out-of-the-box thinking. We hope our pioneering spirit will inspire other players in the animation industry to join us in elevating the game and pushing the boundaries of creativity and innovation.”

Executive Director of Kucingko Berhad, Mr. Ooi Kok Hong elaborated, “The funds raised from the IPO will enable us to expand our production capabilities locally and improve our operational efficiency, positioning us strongly to meet the increasing demand for high-quality animation content in Malaysia and beyond. We are enthusiastic about the opportunities this IPO will create for our company and stakeholders.”

Executive Director, Head of Group Investment Banking and Islamic Banking of Kenanga Investment Bank Berhad, Datuk Roslan Hj Tik, added, “Kucingko Berhad is well-positioned to leverage its expertise and strong market presence to achieve significant growth in the coming years. The company’s focus on expanding its production capabilities and enhancing operational efficiency aligns perfectly with current market dynamics. We are proud to support Kucingko in this pivotal journey and are confident in its continued success.”

Kucingko has demonstrated robust growth for the financial years under review, underpinned by its expertise in 2D animation production, which accounted for a significant portion of the company’s revenue over recent years. The Company’s dedication to quality, efficiency, and creativity has established it as a well-established player in 2D animation sector.

Kenanga Investment Bank Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent for Kucingko Berhad.

Mr. Ku Chia Loon, Non-Independent Non-Executive Director, Kucingko Berhad; Mr. Puar Chin Jong, Independent Non-Executive Director, Kucingko Berhad; Ms. Quah Bee Fong, Independent Non-Executive Director, Kucingko Berhad; Mr. See Chin Joo, Executive Director, Kucingko Berhad; Datuk Roslan Hj Tik, Executive Director, Head of Group Investment Banking & Islamic Banking Kenanga Investment Bank Berhad; Mr. Ooi Kok Hong, Executive Director, Kucingko Berhad; Mr. Lim Chor Ghee, Independent Non-Executive Chairman, Kucingko Berhad; Ms. Elaine Law Soh Ying, Independent Non-Executive Director, Kucingko Berhad [L-R]

Media Contact:
William Yeo
Swan Consultancy
w.yeo@swanconsultancy.biz

Quarters Academy Partners with Spectrum International University College for Professional Development

KUALA LUMPUR, June 27, 2024 – (ACN Newswire) – Quarters Academy Sdn. Bhd. (“Quarters Academy”) is pleased to announce the signing of a Partnership Agreement (“Partnership”) with Spectrum International University College (“SIUC”), a well-renowned academic institution managed by Spectrum Holdings (M) Sdn. Bhd. (“Spectrum Holdings”). This partnership aims to enhance the quality and accessibility of professional training programmes by combining Quarters Academy’s innovative training methodologies and extensive industry network with SIUC’s academic expertise and infrastructure.

Puan Duratul Ain Bt Zabor, Director of Continuous Development of Spectrum International University College (SIUC); Emeritus Professor Dr Mak Chai, Vice-Chancellor and Chief Executive Officer of Spectrum International University College (SIUC); Mr. Luis Tee, Director of Quarters Academy Sdn Bhd; Mr. Steve Chen, Director of Quarters Academy Sdn Bhd [L-R]

The collaboration will create a framework for delivering market-driven courses that cater to the evolving needs of professionals in various fields. It emphasises the commitment of both Quarters Academy and SIUC to fostering continuous professional development (CPD). Quarters Academy will develop, recruit participants, and manage the delivery of professional training programmes, while SIUC will ensure the quality, compliance, and certification of these programmes.

Mr. Luis Tee, Director of Quarters Academy, said, “We are excited to partner with SIUC to provide innovative and high-quality professional training programmes. This collaboration reflects our commitment to equip individuals with the skills needed to thrive in today’s dynamic work environment.”

At the event, Quarters Academy and SIUC introduced the Professional Certificate in Trust & Fiduciary Advisory, a comprehensive course designed to educate students about trust and fiduciary laws, regulations, and advisory practices in Malaysia. The curriculum covers essential topics such as the history and creation of trusts, types of trusts, estate planning, fiduciary duties, taxation, and Islamic trusts.

Mr. Siva Sunasundram, Executive Director of SIUC, commented, “Collaborating with Quarters Academy aligns perfectly with our vision of providing inclusive and top-tier educational opportunities. We are confident that this partnership will greatly benefit our students and the broader community.”

Also at the event was CHPS GM Consultancy & Academic Sdn. Bhd. (“CHPS GM”). CHPS GM is a renowned provider of wellness and lifestyle programmes focused on human capital management and preventive healthcare. Through strategic partnerships with local and international associates, including SIUC, CHPS GM delivers high-quality consultancy and training services that address the evolving needs of today’s workforce.

Dr. Ben Prakasan, Founder and Managing Director of CHPS GM, added, “This partnership underscores our dedication to fostering professional growth and delivering value-added solutions in human capital development. Together with SIUC, we aim to raise the bar in educational excellence and industry relevance.”

Media contact:
Mandy Tan
Swan Consultancy
m.tan@swanconsultancy.biz

EPB Group Sets to Raise RM40.08 Million from ACE Market IPO

KUALA LUMPUR, June 27, 2024 – (ACN Newswire) – EPB Group Berhad (“EPB”) and its group of companies (the “Group”), an established one-stop food processing and packaging machinery solutions provider, is pleased to announce the launch of its prospectus for the initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).

Mr. Stephen Chua Chee Keong, Independent Non-Executive Director, EPB Group Berhad; Mr. Ooi Hun Pin, Independent Non-Executive Director, EPB Group Berhad; Mr. Moh Jiun Haur, Director of WYNCORP Advisory Sdn Bhd. and WYNCORP Advisory; Mr. Liew Meng Hooi, Deputy Managing Director, EPB Group Berhad; Mr. Noor Azman Bin Nordin, Independent Non-Executive Chairman, EPB Group Berhad; Mr. Yeoh Chee Min, Managing Director, EPB Group Berhad; Ms. Ooi Kim Kew, Executive Director, EPB Group Berhad; Ms. Lim Chia Wei, Managing Director of Malacca Securities Sdn. Bhd.; Mr. Khor Chai Tian, Independent Non-Executive Director, EPB Group Berhad [L-R]

This significant milestone is set to bolster EPB’s market position and support the expansion of its operations, driven by targeted growth strategies to expand its business footprint and adopting industrial revolution 4.0 through robotic integrations in their food processing and packaging machinery solutions.

The Group, established in 1992, has built a strong market presence as a comprehensive solutions provider in the design, customisation, fabrication, integration, and automation of production lines for the food processing and packaging machinery solutions segment. The Group also excels in the trading of cellulose casings as well as manufacturing and trading of flexible packaging materials, catering to a wide range of needs in the food manufacturing industry.

For information, the IPO shares shall be allocated in the following manner: –

A. Public Issue of 71,570,000 new ordinary shares (“Issue Shares”)

Malaysian public

19,570,000 Issue Shares, or 5.26% of the enlarged issued share capital upon listing will be made available for application by the Malaysian public via balloting, of which 50% of this allocation representing 9,785,000 Issue Shares shall be made available to Bumiputera public investors.

Eligible persons

21,196,000 Issue Shares, or 5.70% of the enlarged issued share capital upon listing will be reserved for application by the eligible directors, eligible key senior management, eligible employees and business associates (including any other persons who have contributed to the success of the Group).

Private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (“MITI”)

30,804,000 Issue Shares, or 8.28% of the enlarged issued share capital upon listing will be made available for application by Bumiputera Investors approved by MITI by way of private placement.

B. Offer for Sale of 40,000,000 ordinary shares (“Offer Shares”)

Private placement to Bumiputera investors approved by MITI

15,696,000 Offer Shares, or 4.22% of the enlarged issued share capital upon listing shall be made available to Bumiputera investors approved by MITI.

Private placement to selected investors

24,304,000 Offer Shares, or 6.53% of the enlarged issued share capital upon listing, shall be made available to selected investors.

The proceeds of RM40.08 million raised from the Public Issue will be earmarked for the following purposes: –

Factory expansion. Including the acquisition of land, construction of a new factory, and purchase of machineries to enhance operational capabilities.
Repayment of bank borrowings. Strengthening the balance sheet and reducing gearing to further improve financial stability.
Working capital purposes. Supporting daily operational needs and ensuring smooth business operations.
Listing expenses purposes. Covering IPO expenses of the Group.

Applications for the IPO have opened starting at 10.00 a.m. today following the prospectus launch and will close at 5.00 p.m. on 31 July 2024. The targeted IPO listing date of the Company on the ACE Market of Bursa Securities is on 23 August 2024. At the IPO price of RM0.56 per IPO share, EPB will have a market capitalisation of RM208.32 million ahead of its debut.

Mr. Yeoh Chee Min, Managing Director of EPB Group Berhad, stated, “We are deeply appreciative of the endorsement from Bursa Securities for our IPO on the ACE Market of Bursa Securities. This significant occasion marks a milestone for our Group’s journey, which will enhance our visibility and allow us to expand our business footprint. The IPO serves as a gateway to the capital markets, providing us with the necessary resources to fuel our next phase of growth and innovation, particularly in the realm of robotics integration in the food processing and packaging machinery solutions we currently provide to our customers.”

Mr. Liew Meng Hooi, Deputy Managing Director of EPB Group Berhad, stated, “Our success at EPB Group is built on strong relationships with our customers. By working closely with our customers, we are able to understand their challenges and provide them with customised solutions. Looking ahead, we are excited to explore new opportunities and expand our product offerings. Our commitment to innovation and excellence will ensure that we stay ahead of industry trends and continue to deliver valuable solutions for our clients.”

Ms. Lim Chia Wei, Managing Director of Malacca Securities Sdn. Bhd. added, “We are delighted to assist EPB Group with its IPO. The Group’s comprehensive approach to delivering food processing and packaging machinery solutions, combined with a relentless drive for innovation and a strong focus on customer needs, sets a solid foundation for future growth. With a commendable track record since 1992 and a team rich in experience, EPB Group Berhad is well-equipped to navigate the dynamic landscape of the food industry.”

Malacca Securities Sdn. Bhd. is the Principal Adviser, Sponsor, Underwriter and Placement Agent, and WYNCORP Advisory Sdn. Bhd. is the Corporate Finance Adviser of EPB Group Berhad.

Media Contact:
Xinyi Ching
Swan Consultancy
x.ching@swanconsultancy.biz

Singapore-based Elite Partners Capital acquires Automotive Giant’s Global Logistics Center in close proximity to Stuttgart, Germany

SINGAPORE, June 27, 2024 – (ACN Newswire) – Elite Partners Capital announced its latest logistics acquisition in close proximity to Stuttgart, the automotive capital of Germany.

The large-scale multi-user logistics park located within Ettlingen West’s Industrial Zone boasts outstanding transportation infrastructure, including direct connections to the A5, A8 and A65 motorways, access to the Port of Karlsruhe – a major inland port along the Rhine waterway, as well as proximity to major international airports in Frankfurt and Stuttgart. The logistics park is also well-served by local buses and the suburban railway network, ensuring availability of a skilled workforce for warehouses and offices located in and around the property.

Spanning across a large site of c.180,000 sqm, the logistics park is in excellent condition and offers great third-party reusability by virtue of its contiguous but highly flexible layout. Leveraging on its strategic location in close proximity to Stuttgart, over 85% of the property’s net lettable area is currently tenanted to an automotive giant on a long lease, serving as their global logistics center. Elite Partners Capital will be working closely with the tenant to further enhance the property’s ESG specifications over the upcoming years. Post-enhancement, the property is expected to attain DGNB Gold Certification. The logistics park’s remaining lettable areas are tenanted to a good mix of innovative engineering businesses, supporting the region’s next-gen industrial growth.

Elite Partners Capital acquired the logistics park through its flagship Elite Logistics Fund II, a Pan-European logistics fund backed by a sovereign wealth fund alongside a strong network of family offices across Asia. Elite had previously divested the first installment of its Logistic Fund Series (Elite Logistics Fund I) to Blackstone in 2021, achieving an attractive IRR of over 30%.

“We have been closely monitoring the logistics market across Pan-European cities, targeting quality assets with strong tenant covenants and compelling value-add opportunities”, said Victor Song, co-founder and chief executive officer of Elite Partners Capital. “The stabilizing interest rates presents a strategic window of opportunity for our investors to re-enter the market,” added Song.

The asset was sold by a joint venture between TPG Angelo Gordon and aam2core Holdings AG. The landmark transaction was brokered by CBRE’s Capital Markets team in Germany. Taylor Wessing, Alvarez and Marsal and TA Europe were the appointed advisers for Elite Partners Capital in this transaction. Their invaluable practical and commercial insight were crucial in ensuring the successful closure of the deal.

About Elite Partners Capital

Elite Partners Capital is an alternative investment manager specializing in niche opportunities and underserved markets. The firm is headquartered in Singapore, with offices in London, Prague, and Luxembourg. To date, the firm has managed assets in excess of S$2 billion across 7 countries, a 420% increase from where it started in 2017.

For Media Enquiries, Please Contact:
Orphelia Huang
AVP, Investor Relations
orpheliahuang@elitepartnerscapital.com

High-resolutions images can be downloaded here.

Accrelist to Leverage on Growing Demand for HDD Solutions with Acquisition of Shares in MClean Technologies

SINGAPORE, June 26, 2024 – (ACN Newswire) – Datuk Dr. Terence Tea Yeok Kian, Executive Chairman and Managing Director of Accrelist Ltd. (“Accrelist”), is pleased to announce that a subsidiary of Accrelist, one of the largest aesthetic groups listed on the Catalist Board of Singapore Exchange (“SGX”), has entered into a sale and purchase agreement to acquire a 28.53% equity stake in MClean Technologies Berhad (“MClean Technologies”, “MClean” or the “Company”). The acquisition is conditional upon the satisfaction (or, where applicable, waiver) of certain conditions precedent.

Datuk Dr. Terence Tea Yeok Kian, the Executive Chairman and Managing Director of Accrelist

This share acquisition underscores Accrelist’s confidence in MClean’s business direction and growth prospects, especially in the growing demand for Hard Disk Drive (“HDD”) solutions, following the significant increase in demand for data centres.

MClean Technologies, headquartered in Singapore, has established itself as a pivotal player in the electronics and semiconductor products cleaning solutions industry. The Company offers a comprehensive range of services, including surface treatment, precision cleaning, sterile, and packaging services for various industries such as HDD, consumer electronics, and oil & gas. MClean Technologies operates in Malaysia, Singapore, and Thailand, providing high-quality and reliable services to its diverse clientele.

Furthermore, MClean’s strong presence in the HDD solutions industry positions it well to capitalise on the growing demand for data centres. Malaysia is seeing significant data centre investments, with Johor emerging as the largest data centre market in the country. Johor is poised to attract RM17.0 billion (US$3.6 billion) in new data centre investments in 2024 alone, according to the news report by New Straits Times, driven by multinational corporations taking advantage of its strategic location and lower operating costs. Major players like Nvidia, AirTrunk, and Microsoft are establishing data centres in the region, further boosting the demand for HDD solutions.

Datuk Dr. Terence Tea Yeok Kian (“Datuk Dr. Terence Tea”), the Executive Chairman and Managing Director of Accrelist, is a distinguished businessman with extensive experience and a proven track record of driving growth and innovation. He holds a Ph.D. in Business Administration (Honorary) from Honolulu University and a Diploma in Electronics and Electrical Engineering from Singapore Polytechnic. Datuk Dr. Terence Tea currently holds several prominent directorships in listed companies, including Executive Chairman and CEO of Jubilee Industries Holdings Ltd. (“Jubilee”) and was previously the Chairman of a publicly listed electronics manufacturing services company in Malaysia.

Executive Chairman and Managing Director of Accrelist, Datuk Dr. Terence Tea commented, “We are excited about Accrelist’s acquisition of shares in MClean Technologies and we look forward to contributing to the Company’s growth and success. The Company has a strong foundation and a dedicated team, and I am confident that together, we can achieve significant milestones and create long-term value for both our shareholders. In particular, we see great potential in expanding into HDD solutions, especially in Malaysia and Thailand, where demand for high-quality precision cleaning services is rapidly growing.”

Following the acquisition of the equity stake in MClean Technologies, there is expected to be synergies between Jubilee, the subsidiary of Accrelist, and MClean Technologies, allowing both companies to leverage on their respective strengths to create cross-selling opportunities and enhance the customer base of both entities. This potential collaboration is expected to drive growth and provide comprehensive solutions to a broader market, further solidifying Jubilee’s presence in the electronics and semiconductor sectors, especially in the storage space sector.

As at 5:00 P.M., 24 June 2024, being the last trading day prior to signing of the sale and purchase agreement, the share price of MClean Technologies closed at RM0.41 representing a market capitalisation of RM80.9 million.

Media contact:
Stephanie Chow
Swan Consultancy
s.chow@swanconsultancy.biz

AGAPE ATP Corporation Explores Energy-Saving Solutions with B&H Intec Solutions

KUALA LUMPUR, June 21, 2024 – (ACN Newswire) – NASDAQ-listed AGAPE ATP Corporation (“ATPC”), is delighted to announce the relaunch of its subsidiary, now named ATPC Green Energy Sdn. Bhd. (“ATPC Green Energy”). ATPC had entered into a collaboration agreement yesterday, with B&H Intec Solution Sdn Bhd (“B&H”), a total building solutions provider, with a focus on delivering comprehensive energy-saving solutions, aligning with ATPC’s commitment to driving green energy initiatives.

From left: Vincent Tan, Vice President of ATPC, Ting Wan Lock, Head of Corporate Finance, and Prof Dato' Sri Dr How Kok Choong, Founder and Global Group CEO of ATPC; and Chen Wei Kent, CEO of B&H, Chung Wooi Hen, Sales Director of B&H and Khor Hock Thong, Marketing Director of B&H — From left: Vincent Tan, Vice President of ATPC, Ting Wan Lock, Head of Corporate Finance, and Prof Dato’ Sri Dr How Kok Choong, Founder and Global Group CEO of ATPC; and Chen Wei Kent, CEO of B&H, Chung Wooi Hen, Sales Director of B&H and Khor Hock Thong, Marketing Director of B&H

B&H brings over 14 years of experience in facilities mechanical and electrical (M&E) services, specialising in building tailored green retrofits and building maintenance. The company has a portfolio of more than 1,000 customers in Malaysia, including luxury hotels, major banks, transportation hubs, government buildings, office towers, mega shopping malls, and healthcare centres. Known for integrating the latest sustainable technologies into building management solutions, B&H’s expertise in monitoring systems, energy-saving retrofit and upgrading, preventive maintenance service, energy-saving consulting and outsourcing services will be instrumental to ATPC Green Energy. Accumulatively, B&H has already achieved contract values of more than USD 10 million (approximately MYR 47 million), underscoring their capability and trust within the industry.

Mr. Chen Wei Kent, Chief Executive Officer (“CEO”) of B&H said, “The potential in the energy-saving space is vast and untapped. Matching the right M&E services to different companies can result in a substantial reduction in energy consumption, or in other cases, a comprehensive green retrofit solution can improve a building’s energy efficiency and reducing its carbon footprint.

“The collaboration with ATPC will raise our profile, and it will allow us to continue to support more companies in achieving their energy-saving goals. With Malaysia’s energy demand projected to increase by 4.8% by 2030 and electricity demand growing faster than primary energy production, the need for alternative energy sources and energy-saving measures is urgent. In 10 years, Malaysia’s energy demand is expected to rise significantly, from 96.3 terawatt-hours to 206 terawatt-hours (TWh).”

In this collaborative arrangement, B&H’s founder and management team will join ATPC Green Energy as executive officers, leading the energy-saving solutions portfolio. They will also become shareholders in ATPC Green Energy, gaining an equity stake of 30%. This partnership allows ATPC Green Energy to leverage B&H’s expertise, customer base, and leadership, while aligning the interests of B&H’s founders through shareholding, supporting the long-term growth of the energy-saving solutions business.

Prof Dato’ Sri Dr How Kok Choong, the Founder and Global Group CEO of ATPC, explains, “We aim to address this urgent energy demand by providing innovative energy-saving solutions across major sectors, leveraging the extensive expertise of B&H leadership team. By combining our resources and expertise, ATPC Green Energy is well-positioned to drive energy efficiency initiatives across multiple sectors.”

“ATPC Green Energy is looking to provide innovative energy-saving solutions to various sectors, including hospitality, insurance, government, semiconductor, retail, and manufacturing, and we are pleased to have the strong support of B&H as we strive to achieve our mutual goals. Collaboratively, we are in the midst of pitching for a USD 2.0 million project, and we are optimistic about our prospect.” How added.

ATPC’s commitment to the UN Sustainable Development Goals drives the company to build a comprehensive renewable energy ecosystem in ASEAN. This includes energy-saving solutions, solar projects, and other renewable technologies. The Company hopes to develop a diverse portfolio, expand its energy-saving offerings, foster partnerships, and achieve a significant market share in the region.

INVEST FAIR 2024-Kuala Lumpur: Navigating the Future of Investing “Money – Finance – Technology”

Held on June 22nd and 23rd, 2024 (10am-9pm), at Hall 1 of Mid Valley Exhibition Center, Kuala Lumpur, Malaysia
Two-day event featuring 65 expert speakers and 28 exhibitors with over RM50,000 worth of prizes
Jointly organised by ShareInvestor and InvestingNote, and supported by Bursa Malaysia, CFA Society Malaysia, Federation of Investment Managers Malaysia (FIMM) and Kumpulan Wang Simpanan Pekerja (KWSP EPF)

KUALA LUMPUR, June 20, 2024 – (ACN Newswire) – ShareInvestor Malaysia Sdn Bhd, Malaysia’s largest independent platform for investor relations, market data tools, and investor education, today announced the launch of INVEST FAIR 2024, Malaysia’s largest investment fair. Under the dynamic theme of “Money – Finance – Technology,” this year’s event encourages participants to embrace the evolving landscape of investing.

Held from 22nd June 2024 (Saturday) to 23rd June 2024 (Sunday) 10am-9pm, at Mid Valley Exhibition Center Hall 1, INVEST FAIR 2024 will host 65 expert speakers from the fields of fintech, cryptocurrency, property, stock market, funds and investment. These professionals will share their extensive knowledge through 65 enriching sessions covering a broad spectrum of topics, including the latest market outlook, sector insights, investment strategies, trading skills, and property investment. Selected sessions will be conducted in Malay and Chinese to engage all Malaysians in becoming prudent and savvy investors.

Mr Christopher Lee, Group Chief Executive Officer and co-founder of AlphaInvest Holdings Pte. Ltd., the holding company of ShareInvestor Malaysia Sdn Bhd, said, “Investing has never been so exciting. New technology such as Blockchain, Artificial Intelligence, and Virtual Reality has expanded the frontiers of investment. Tokenisation and Smart Contracts have made assets like real estate and debt more accessible to the retail investor. ETFs covering every asset class and major stock exchange indexes are available for investors to hedge and diversify their portfolios. In analytics, new AI-enabled tools in data visualisation and statistical probability help level the playing field for retail investors. It is in this spirit of enlightenment and innovation for the Finance industry that we hold Invest Fair.”

With 65 expert speakers from various sectors, INVEST FAIR 2024 is designed to cater to both seasoned investors and eager beginners. Topics will include the latest market trends, investment strategies, and innovative financial technologies. We are also excited to host 28 exhibitors, each representing different facets of the investment ecosystem, offering new possibilities to learn, connect, and grow.

In addition to the enriching sessions and valuable investment insights, more than RM50,000 worth of prizes are up for grabs. Attendees are encouraged to participate in the curated program, visit the various booths and participate in their various activities for a chance to win exciting prizes.

ShareInvestor Malaysia Sdn Bhd thanks its Platinum Sponsors — Bursa Malaysia, CGS international, FSMOne, Moomoo and Rakuten Trade for their support. They have played a crucial role in bringing together investors and experts for INVEST FAIR 2024, creating a platform for growth and learning that will benefit everyone.

For more information on the event and registration details, please visit our INVEST FAIR 2024 official website at https://investfair.com.my/ and registration at https://investfair.com.my/register/

About AlphaInvest Holdings Pte. Ltd. (www.alphainvestholdings.com)

The Group has made several strategic investments:
– in investor relations/public relations firm, Waterbrooks Consultants Pte Ltd (www.waterbrooks.com.sg)
– in Singapore’s leading social media platform for investors, InvestingNote (www.investingnote.com).

ShareInvestor (www.shareinvestor.com) provides online market data tools for multiple markets across its ShareInvestor Station™, ShareInvestor WebPro™ and ShareInvestor Mobile range of products.

AlphaInvest’s digital publications include:
– Investor-One (www.investor-one.com), a website on investor education, market news, corporate developments, and data analytics;
– Inve$t, the e-magazine published weekly in Singapore and Malaysia.

AlphaInvest organises financial investment seminars and conferences for investors. Its annual large-scale events INVESTFAIR™(https://investfair.com.my/) in Malaysia and Singapore draws thousands of participants. Other key exhibition includes the largest REIT event ie REITS Symposium (www.reitsymposium.com).

Media Contact:
Mr Darren Chong
Head of Investor Platforms ShareInvestor / Investing Note
Email: darren.chong@shareinvestor.com
Mobile/WhatsApp: (+60) 014-944-1639