SCIB Granted RM16.8 Million Contract for School Construction

KUCHING, MALAYSIA, Mar 28, 2023 – (ACN Newswire) – Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Company's wholly owned subsidiary, SCIB Industrialised Building System Sdn. Bhd. (SCIBIBS), has been awarded an engineering, procurement, construction and commissioning (EPCC) subcontract valued at RM16.8 million from Majestika Sdn. Bhd.

Group Managing Director and Chief Executive Officer of SCIB, Rosland bin Othman

Majestika, the main contractor for the project, awarded the EPCC subcontract to SCIBIBS with a duration of 14 months for the construction of a school, Sekolah Kebangsaan Tambay, in Kota Samarahan, Sarawak.

Group Managing Director of SCIB, Encik Rosland bin Othman said, "We are pleased to announce that this project comes on the heels of having been awarded a project to rebuild a school in Serian, Sarawak that was announced earlier in the month valued at RM20.65 million. Our strengths and focus on small-to-mid-sized rural infrastructure projects have enabled us to build a strong portfolio that we can leverage on when seeking such projects."

"SCIB offers EPCC services that are supported by our manufacturing arm, which is the leading precast concrete and IBS manufacturer in East Malaysia. We are actively pursuing projects for dilapidated schools in Sarawak and Sabah, which have been allocated RM920 million. This is on top of bidding for projects in both states, which have been allocated RM5.6 billion and RM6.5 billion respectively under the re-tabled Budget 2023."

The Company's share price as of 28 March 2023 is 0.125 sen with a market capitalisation of RM72.8 million. SCIB has an order book of RM388 million as of March 2023.

Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Palladium One Discovers New High-Grade Nickel – Copper Zone 3.5 kms from the Smoke Lake Zone, Tyko Nickel – Copper Project, Canada

Highlights

New High-Grade discovery (“Ember Zone”) located 3.5 kilometers southwest of the Smoke Lake Zone
Multiple near surface drill intercepts of high-grade nickel – copper mineralization Including:
- 6.9 meters grading 1.1% Ni, 0.3% Cu (Hole TK22-104)
  - Including 1.9 meters grading 2.0% Ni, 0.4% Cu
- 5.3 meters grading 0.7% Ni, 0.8% Cu (Hole TK22-100)
  - Including 1.5 meters grading 2.0% Ni, 2.8% Cu
Ember Zone is located adjacent to a greater than six (6) kilometer long interpreted Chonolith / Feeder Dyke that is on strike with the Cupa Lake Versatile Time Domain Electromagnetic airborne (“VTEM”) anomaly.
- Cupa Lake also hosts coincident strong nickel and copper soil anomalies.
Chonolith / Feeder Dyke geological model continues to be confirmed.

Toronto, Ontario, Mar 27, 2023 – (ACN Newswire) – Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the “Company” or “Palladium One“) is pleased to report the discovery of a new high-grade nickel – copper zone (“Ember Zone“) which is located 3.5 kilometers southwest of the Smoke Lake Zone (Figure 1) on the Tyko nickel – copper project, in Ontario, Canada (“Tyko Project“).

“The discovery of another high-grade nickel – copper zone at Tyko further supports our thesis that we have a significant new nickel camp on our hands. The Ember Zone exhibits many similarities to the nearby Smoke Lake Zone and other high-grade nickel – copper zones on the Tyko Project. Notably the Ember Zone is adjacent to an extensive interpreted Chonolith, which is on strike with the Cupa Lake VTEM / soil anomalies, suggesting Ember may be part of much larger mineralizing system,” commented Derrick Weyrauch, President and Chief Executive Officer.

The Ember Zone was first identified by a moderate two line VTEM anomaly in 2021 (see the Company’s news release dated October 28, 2021), reconnaissance soil sampling returned weakly anomalous nickel values up to 42 parts per million (“ppm“), and copper values up to 30 ppm (Figure 2). The weak geophysical and soil anomalies of the Ember Zone resulted in it being drill tested during Q4 2022, Its discovery reinforces the notion that any VTEM anomaly and even weak soil anomalies can point to high-grade nickel – copper mineralization on the Tyko Project.

Notably the Ember Zone is located just north of an interpreted lengthy east-west trending Chonolith / Feeder Dyke structure which is on strike with the Cupa Lake VTEM / soil anomaly (Figure 2). Cupa Lake represents a multi-line VTEM anomaly and a strong soil anomaly with values up to 132 ppm nickel and 512 ppm copper. Cupa Lake is a priority drill target which has an outstanding Exploration Permit application.

The geometry of the Ember Zone is not fully delineated, drilling to date was focused on defining the zone at shallow depths as the conductor’s orientation was poorly defined by the airborne VTEM survey. Thus far, the zone appears to form a southwest plunging body toward the interpreted Chonolith / Feeder Dyke structure located to the South (Figure 3). Hole TK22-108 was drilled as a Bore Hole ElectroMagnetic (“BHEM“) geophysical platform but deviated from the interpreted plunge of the zone. A BHEM survey is planned in Q2 2023 to better define the VTEM conductor and search for potential conductors at depth.

The 2022 drill program consisted of 70 holes totaling 13,038 meters, of which 14 holes are pending assay results. The 2023 field season is currently underway, with a high-resolution magnetic survey having been completed. The survey was designed to refine the geometry of the interpreted feeder dykes / chonoliths across the Tyko Project’s 30-kilometer strike length prior to additional drill testing. The 2023 exploration program will continue to focus on these newly identified and interpreted Chonolith / Feeder Dyke structures on the 30,000-hectare Tyko Project (Figure 1).

Figure 1. Tyko Property map showing various mineralized zones and multi-line VTEM anomalies, background is Calculated Vertical Gradient Magnetics (“CVG“).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_001full.jpg

Figure 2. Ember Zone and Cupa Lake target showing drill holes, soil samples and recently staked claims (see the Company’s new release dated January 26, 2023) which cover the eastern extension of the interpreted Chonolith / Feeder Dyke Structure.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_002full.jpg

Figure 3. Semi-massive to net-textured sulphide consisting of pentlandite, chalcopyrite, and pyrrhotite hosted by pyroxenite in the Ember Zone (Hole TK22-100).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_003full.jpg

Figure 4. Ember Zone plan map and stylized cross section, with select significant intercepts looking northwest. Hole TK22-108 was drilled as a geophysical platform hole for a future BHEM survey. Hole TK22-107 was drilled to test the interpreted Chonolith structure but failed to intersect any ultramafic rocks or explain the strong magnetic anomaly, the Chonolith structure remains to be tested.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_004afull.jpg

Figure 4. Continued

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_004bfull.jpg

Table 1: Assay Results: Tyko 2022 Drill Results from New Ember Zone

Hole	From (m)	To (m)	Width (m)	Ni %	Cu %	Co %	TPM g/t	Pd g/t	Pt g/t	Au g/t
TK22-096	No significant values
TK22-097	54.9	56.3	1.4	0.52	0.26	0.01	0.06	0.02	0.04	0.00
TK22-098	No significant values
TK22-099	Abandoned due to hole deviation
TK22-100	51.3	56.6	5.3	0.71	0.85	0.02	0.09	0.03	0.05	0.00
	53.3	54.8	1.5	2.01	2.85	0.04	0.26	0.11	0.14	0.01
TK22-101	No significant values
TK22-102	54.4	60.4	6.0	0.28	0.15	0.01	0.05	0.01	0.02	0.02
	54.4	57.4	3.0	0.38	0.23	0.01	0.08	0.02	0.03	0.04
TK22-103	43.8	47.6	3.9	0.45	0.26	0.01	0.04	0.02	0.02	0.00
	43.8	45.8	2.1	0.74	0.45	0.02	0.08	0.03	0.04	0.00
TK22-104	32.0	38.9	6.9	1.07	0.28	0.02	0.07	0.03	0.04	0.00
	35.7	37.5	1.9	2.02	0.36	0.04	0.11	0.05	0.06	0.00
TK22-105	No significant values
TK22-106	12.2	20.4	8.2	0.24	0.14	0.01	0.02	0.01	0.01	0.00
	14.2	19.3	5.1	0.30	0.17	0.01	0.02	0.01	0.01	0.00
TK22-107	No significant values
TK22-108	No significant values, drilled as a BHEM geophysical platform

(1) Reported widths are “drilled widths” not true widths.

Table 2: Drill Hole Locations for assay results from this News Release

Hole	Azimuth	Dip	Length	NAD83 z16 East	NAD83 z16 North	Elevation
TK22-096	160	-75	225	625080.7	5419729	376
TK22-097	30	-55	150	625102.4	5419695	372.4
TK22-098	30	-70	126	625093.5	5419670	371.9
TK22-099	35	-45	22	625089.8	5419670	376.8
TK22-100	35	-45	75	625093.5	5419670	371.9
TK22-101	65	-45	84	625090.4	5419660	373.8
TK22-102	0	-45	111	625091.1	5419667	372.9
TK22-103	20	-45	96	625088.4	5419680	372.8
TK22-104	48	-50	63	625090.6	5419674	372.9
TK22-105	350	-70	99	625089.2	5419672	372.7
TK22-106	45	-45	51	625125.9	5419706	373
TK22-107	330	-75	195	625218.8	5419494	370.7
TK22-108	350	-70	300	625024.1	5419609	373.8

QA/QC
The drilling program was carried out under the supervision of Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration, and a Director of the Company.

Drill core samples were split using a rock saw by Company staff, with half retained in the core box and stored onsite at the Tyko exploration camp core yard facility.

Samples were transported in secure bags directly from the logging facility at the onsite exploration camp, to the Activation Laboratories Ltd. (“Actlabs“) in Thunder Bay, Ontario. Actlabs, which is ISO 17025 accredited with CAN-P-1579 (Mineral Lab). In addition to ISO 17025 accreditation, Actlabs is accredited/certified to ISO 9001:2015. All samples are crushed to 2 millimeters with a 250-gram split pulverized to 105 microns. Analysis for PGEs is performed using a 30 grams fire assay with an ICP-OES finish and for Ni, Cu, and Co using 0.25 grams by 4 acid digestion with ICP-OES finish. Ni, Cu and Co samples over 1.0 wt% were re-analysed by ore grade methods using 4 acid digestion with ICP-OES finish.

Certified standards, blanks and crushed duplicates are placed in the sample stream at a rate of one QA/QC sample per 10 core samples. Results are analyzed for acceptance within the defined limits of the standard used before being released to the public.

About Tyko Nickel – Copper – Cobalt Project
The Tyko Nickel – Copper – Cobalt Project, is located approximately 65 kilometers northeast of Marathon Ontario, Canada. Tyko is a high sulphide tenor, nickel – copper (2:1 ratio) project and currently has six known mineralized zones spanning over a 20 kilometer strike length.

Qualified Person
The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.

About Palladium One
Palladium One Mining Inc. (TSXV: PDM) is focused on discovering environmentally and socially conscious metals for green transportation. A Canadian mineral exploration and development company, Palladium One is targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Canada and Finland. The Läntinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-nickel project that has existing NI43-101 Mineral Resources, while both the Tyko and Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively. Follow Palladium One on LinkedIn, Twitter, and at www.palladiumoneinc.com.

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director
For further information contact:
Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company’s expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. These forward-looking statements include, but are not limited to, statements relating the 2023 exploration program and its focus and results; the pending results of the Company’s previous drilling; the standards of testing; and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/159861

Palladium One Discovers New High-Grade Nickel – Copper Zone 3.5 kms from the Smoke Lake Zone, Tyko Nickel – Copper Project, Canada

TORONTO, ONTARIO , Mar 27, 2023 – (ACN Newswire) – Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the "Company" or "Palladium One") is pleased to report the discovery of a new high-grade nickel – copper zone ("Ember Zone") which is located 3.5 kilometers southwest of the Smoke Lake Zone (Figure 1) on the Tyko nickel – copper project, in Ontario, Canada ("Tyko Project").

Figure 1. Tyko Property map showing various mineralized zones and multi-line VTEM anomalies, background is Calculated Vertical Gradient Magnetics ("CVG").

Figure 2. Ember Zone and Cupa Lake target showing drill holes, soil samples and recently staked claims (see the Company's new release dated January 26, 2023) which cover the eastern extension of the interpreted Chonolith / Feeder Dyke Structure.

Figure 3. Semi-massive to net-textured sulphide consisting of pentlandite, chalcopyrite, and pyrrhotite hosted by pyroxenite in the Ember Zone (Hole TK22-100).

Figure 4. Ember Zone plan map and stylized cross section, with select significant intercepts looking northwest.

Figure 4. Continued

"The discovery of another high-grade nickel – copper zone at Tyko further supports our thesis that we have a significant new nickel camp on our hands. The Ember Zone exhibits many similarities to the nearby Smoke Lake Zone and other high-grade nickel – copper zones on the Tyko Project. Notably the Ember Zone is adjacent to an extensive interpreted Chonolith, which is on strike with the Cupa Lake VTEM / soil anomalies, suggesting Ember may be part of much larger mineralizing system," commented Derrick Weyrauch, President and Chief Executive Officer.

The Ember Zone was first identified by a moderate two line VTEM anomaly in 2021 (see the Company's news release dated October 28, 2021), reconnaissance soil sampling returned weakly anomalous nickel values up to 42 parts per million ("ppm"), and copper values up to 30 ppm (Figure 2). The weak geophysical and soil anomalies of the Ember Zone resulted in it being drill tested during Q4 2022, Its discovery reinforces the notion that any VTEM anomaly and even weak soil anomalies can point to high-grade nickel – copper mineralization on the Tyko Project.

Notably the Ember Zone is located just north of an interpreted lengthy east-west trending Chonolith / Feeder Dyke structure which is on strike with the Cupa Lake VTEM / soil anomaly (Figure 2). Cupa Lake represents a multi-line VTEM anomaly and a strong soil anomaly with values up to 132 ppm nickel and 512 ppm copper. Cupa Lake is a priority drill target which has an outstanding Exploration Permit application.

The geometry of the Ember Zone is not fully delineated, drilling to date was focused on defining the zone at shallow depths as the conductor's orientation was poorly defined by the airborne VTEM survey. Thus far, the zone appears to form a southwest plunging body toward the interpreted Chonolith / Feeder Dyke structure located to the South (Figure 3). Hole TK22-108 was drilled as a Bore Hole ElectroMagnetic ("BHEM") geophysical platform but deviated from the interpreted plunge of the zone. A BHEM survey is planned in Q2 2023 to better define the VTEM conductor and search for potential conductors at depth.

The 2022 drill program consisted of 70 holes totaling 13,038 meters, of which 14 holes are pending assay results. The 2023 field season is currently underway, with a high-resolution magnetic survey having been completed. The survey was designed to refine the geometry of the interpreted feeder dykes / chonoliths across the Tyko Project's 30-kilometer strike length prior to additional drill testing. The 2023 exploration program will continue to focus on these newly identified and interpreted Chonolith / Feeder Dyke structures on the 30,000-hectare Tyko Project (Figure 1).

Figure 1. Tyko Property map showing various mineralized zones and multi-line VTEM anomalies, background is Calculated Vertical Gradient Magnetics ("CVG").
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_001full.jpg

Figure 2. Ember Zone and Cupa Lake target showing drill holes, soil samples and recently staked claims (see the Company's new release dated January 26, 2023) which cover the eastern extension of the interpreted Chonolith / Feeder Dyke Structure.
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_002full.jpg

Figure 3. Semi-massive to net-textured sulphide consisting of pentlandite, chalcopyrite, and pyrrhotite hosted by pyroxenite in the Ember Zone (Hole TK22-100).
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_003full.jpg

Figure 4. Ember Zone plan map and stylized cross section, with select significant intercepts looking northwest. Hole TK22-108 was drilled as a geophysical platform hole for a future BHEM survey. Hole TK22-107 was drilled to test the interpreted Chonolith structure but failed to intersect any ultramafic rocks or explain the strong magnetic anomaly, the Chonolith structure remains to be tested.
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_004afull.jpg

Figure 4. Continued
https://images.newsfilecorp.com/files/6502/159861_9c58986a9486b8ed_004bfull.jpg

Table 1: Assay Results: Tyko 2022 Drill Results from New Ember Zone
https://www.acnnewswire.com/docs/Multimedia/20230327.Table1.jpg

Table 2: Drill Hole Locations for assay results from this News Release
https://www.acnnewswire.com/docs/Multimedia/20230327.Table2.jpg

QA/QC
The drilling program was carried out under the supervision of Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration, and a Director of the Company.

Drill core samples were split using a rock saw by Company staff, with half retained in the core box and stored onsite at the Tyko exploration camp core yard facility.

Samples were transported in secure bags directly from the logging facility at the onsite exploration camp, to the Activation Laboratories Ltd. ("Actlabs") in Thunder Bay, Ontario. Actlabs, which is ISO 17025 accredited with CAN-P-1579 (Mineral Lab). In addition to ISO 17025 accreditation, Actlabs is accredited/certified to ISO 9001:2015. All samples are crushed to 2 millimeters with a 250-gram split pulverized to 105 microns. Analysis for PGEs is performed using a 30 grams fire assay with an ICP-OES finish and for Ni, Cu, and Co using 0.25 grams by 4 acid digestion with ICP-OES finish. Ni, Cu and Co samples over 1.0 wt% were re-analysed by ore grade methods using 4 acid digestion with ICP-OES finish.

Certified standards, blanks and crushed duplicates are placed in the sample stream at a rate of one QA/QC sample per 10 core samples. Results are analyzed for acceptance within the defined limits of the standard used before being released to the public.

About Tyko Nickel – Copper – Cobalt Project
The Tyko Nickel – Copper – Cobalt Project, is located approximately 65 kilometers northeast of Marathon Ontario, Canada. Tyko is a high sulphide tenor, nickel – copper (2:1 ratio) project and currently has six known mineralized zones spanning over a 20 kilometer strike length.

Qualified Person
The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.

About Palladium One

Palladium One Mining Inc. (TSXV: PDM) is focused on discovering environmentally and socially conscious metals for green transportation. A Canadian mineral exploration and development company, Palladium One is targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Canada and Finland. The Lantinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-nickel project that has existing NI43-101 Mineral Resources, while both the Tyko and Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively. Follow Palladium One on LinkedIn, Twitter, and at www.palladiumoneinc.com.

ON BEHALF OF THE BOARD
"Derrick Weyrauch"
President & CEO, Director
For further information contact:
Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. These forward-looking statements include, but are not limited to, statements relating the 2023 exploration program and its focus and results; the pending results of the Company's previous drilling; the standards of testing; and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/159861

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Samaiden Gets Bursa Approval for the transfer to Main Market

PETALING JAYA, Malaysia, Mar 27, 2023 – (ACN Newswire) – Samaiden Group Berhad, a renewable energy (RE) specialist principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power plants has announced the approval obtained from Bursa Malaysia Securities Berhad for the transfer of the listing of and quotation for its entire issued share capital and outstanding warrants from the ACE Market to the Main Market of Bursa Securities today.

Group Managing Director of Samaiden, Ir. Chow Pui Hee

Bursa Securities had, vide its letter dated 27 March 2023, approved the transfer under the "Industrial Products & Services" sector. The transfer of listing will take effect two market days upon the announcement to Bursa Securities on the transfer date to be announced later.

In relation to the transfer of listing, Samaiden had met the profit requirements under the SC's Equity Guidelines where it had achieved an aggregate after-tax profit of RM32.59 million over the last four financial years and an after-tax profit of RM11.93 million for the most recent financial year.

Group Managing Director of Samaiden, Ir. Chow Pui Hee said, "The successful transfer of listing of Samaiden to the Main Market is testimony to the strength of our business and track record of EPCC projects that we have completed. We will continue to leverage on our RE expertise in PV systems and power plants to seek more projects as businesses and other organisations move towards more sustainable operations. We are also encouraged by government initiatives that serve as the catalyst for the RE industry development in Malaysia and which enable us to participate as an investor."

"The listing on the Main Market not only reflects Samaiden's current scale of operations but will also help to improve investor's recognition and interest in our shares, especially from institutional investors, which in turn will enhance the attractiveness and marketability of our shares. It will also enhance our standing and credibility among customers, suppliers, sub-contractors, business associates, bankers and employees that we have worked hard to maintain ever since our listing on the ACE Market on 15 October 2020."

Samaiden Group Bhd: 0223 [BURSA: SAMAIDEN], https://samaiden.com.my/

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

WIKA Books Sales of Rp21.48 Trillion, 20.6% Growth YoY

JAKARTA, Mar 27, 2023 – (ACN Newswire) – PT WIJAYA KARYA (Persero) Tbk. [IDX: WIKA] booked sales of Rp21.48 trillion in 2022, a 20.6% growth year-on-year (YoY) compared with Rp17.81 trillion booked in 2021.

WIKA's President Director, Agung Budi Waskito (Agung BW), said that the largest contributors to WIKA's sales performance were the infrastructure and building segment, followed by the industry segment, energy and industrial plant segment, and finally realty and property segment.

"This achievement shows that WIKA's operations has become more sustained and more efficient. This can be seen from WIKA's project burn rate of 39% in 2022, an improvement from 30.2% in 2021. The Company also recorded a higher gross profit margin of 10.3% in 2022, higher than 9.5% in 2021," said Agung BW.

The good operating performance was a result of WIKA's success in completing domestic projects in 2022, such as the Sukamahi Dam in West Java. WIKA has also completed supporting projects for the G20 Summit, such as revitalisation of VVIP terminals at I Gusti Ngurah Rai International Airport in Bali and Halim Perdana Kusuma International Airport in Jakarta. WIKA has also completed installation of the 50,000 DWT single point mooring in Pengapon, Central Java to improve national energy resilience.

WIKA Sets Transformation Strategy

Following the achievements in 2022, WIKA has set transformation steps to ensure more prudent project selection, adopting lean construction, stronger digitalisation through closer integration of WIKA's BIM capabilities and ERP systems, and strengthening the Company's financial position.

"Through its transformation strategy, WIKA will have a more effective business process to achieve better results for both project owners and the Company," said Agung BW.

PT WIJAYA KARYA (Persero) Tbk. [IDX: WIKA]

Contact Person:
Mahendra Vijaya
Sekretaris Perusahaan
Email: mahendra.v@wikamail.id

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

SNS Network Technology Posts 4Q Net Profit Jump of 40.5%

IPOH, Malaysia, Mar 27, 2023 – (ACN Newswire) – SNS Network Technology Berhad, an ICT products, services and solutions provider, today announced that the Group's profit after tax (PAT) for the fourth quarter ended 31 January 2023 (4Q FY2023) increased by 40.5% to RM16.77 million compared with RM11.94 million in the immediate preceding quarter (3Q FY2023).

Managing Director of SNS, Ko Yun Hung

SNS recorded revenue that gained 46.2% to RM509.86 million in 4Q FY2023 compared with RM348.84 million in 3Q FY2023. For the quarter under review, there was a 44.6% rise in profit before tax (PBT) to RM22.09 million compared with RM15.28 million in 3Q FY2023.

For FY2023, the Group registered RM43.72 million in PAT as well as PBT of RM57.36 million on RM1.40 billion in revenue. There are no comparative figures on a year-over-year basis as SNS was listed on the ACE Market of Bursa Malaysia on 2 September 2022.

Managing Director of SNS, Ko Yun Hung, said, "The commercial channel of our business remains the mainstay as the Group continued to see commendable growth in revenue and profitability. The demand cuts across industries and is from both the government and private sectors. Just recently we won a tender from the Ministry of Education valued at RM41.33 million through our Device-as-a-Service (DaaS) offering that addresses the gap for learning through the upgrade of devices and technology for students and teachers. Our DaaS offering provides convenience for businesses and organizations, enabling us to support our customers in their digital transformation journey. Additionally, the DaaS business model allows us to retain our customers with a higher likelihood of service renewal and generate recurring revenue for up to five years."

"As we look ahead to the market in the technology industry, we anticipate a growing demand for digital transformation projects. With our expertise in this area and a proven track record of successful implementations, we are well-positioned to secure more projects in the coming months. As businesses and organisations continue to embrace digitalisation, we remain committed to delivering innovative solutions that meet their evolving needs and help them stay ahead of the curve in an increasingly competitive landscape."

The Group has also announced a second interim single-tier dividend of 0.25 sen per share with an ex-date of 10th of May in respect of FY2023 to be paid on 26th of May 2023.

SNS Network Technology: 0259 [BURSA: SNS], https://www.sns.com.my/

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Dazz Selected as Finalist for RSA Conference 2023 Innovation Sandbox Contest

PALO ALTO, CA, Mar 23, 2023 – (ACN Newswire) – Dazz, the leader in cloud security remediation, has been named one of 10 finalists for the RSA Conference(TM) 2023 Innovation Sandbox contest for its work delivering the Dazz Remediation Cloud SaaS platform. Dazz will present its technology to a panel of renowned industry judges and a live in-person audience on Monday, April 24 at RSA Conference 2023 in San Francisco.

Merav Bahat, Co-Founder and CEO, Dazz (Credit: Netanel Tobias)

Since 2005, the RSAC Innovation Sandbox has served as a platform for the most promising young cybersecurity companies to showcase their groundbreaking technologies and compete for the title of "Most Innovative Startup." The competition is widely recognized as a catapult for success and the top 10 finalists have collectively celebrated 75 acquisitions and received $12.5 billion in investments over the last 18 years. Dazz will have three minutes to pitch to the panel of judges before a question-and-answer round.

"The RSA Conference Innovation Sandbox contest is one of the most exciting highlights of the week as we get to watch 10 of the cybersecurity industry's best and brightest up-and-coming stars shine on stage with provocative and cutting-edge ideas," said Linda Gray Martin, Senior Vice President, RSA Conference. "The demanding challenges and threats we face are only getting more complex in both size and severity, and we need smart, determined and skilled individuals and companies to make an impact and help tackle what lies ahead."

The Dazz Remediation Cloud is a SaaS platform that accelerates cloud-native remediation and risk reduction for security and development teams. The company's patented Root Cause Analysis engine uniquely analyzes data collected from the entire architecture to learn which cloud resource caused the issue seen in the cloud security tool, trace the issue back to the pipeline that was used to deploy it, and discover what triggered its build. Through the Dazz platform, security teams can quickly uncover the commit and developer who applied the change, and then share root cause context for faster, more efficient developer remediation-without any changes to the architecture. As a result, teams are able to quickly uncover blind spots in the CI/CD pipeline, shrink alert backlog, and streamline fixes right in the developer's workflow.

Dazz emerged out of stealth in December 2021, while announcing $60 million in funding. Its investors include some of the world's most prominent venture capital firms, such as Insight Partners, Greylock, Index Ventures, and Cyberstarts. The company already counts 25 of the Fortune 500 as customers.

"We improve the lives of cloud security and development teams by taking the pain and inefficiency out of the manual remediation process," said Merav Bahat, co-founder and CEO of Dazz. "Instead of chasing a never-ending backlog, security teams can now rapidly prioritize the issues that matter most and communicate fixes with context to developers. On average, our customers experience MTTR improvements of 90%, their security and development teams collaborate better together with less friction, and achieve zero criticals within hours."

The RSAC Innovation Sandbox contest kicks off at 12:00 p.m. PT on April 24, and winners will be announced at 3:00 p.m. the same day. The panel of renowned expert judges includes Niloofar Howe, Sr. Operating Partner at Energy Impact Partners; Paul Kocher, Independent Researcher; Shlomo Kramer, Co-founder and CEO, Cato Networks; Barmak Meftah, Co-Founder & General Partner at Ballistic Ventures; and Christopher Young, Executive Vice President of Business Development Strategy and Ventures at Microsoft. Hugh Thompson, Program Committee Chair of RSA Conference, will return to host the contest.

For more information regarding RSA Conference 2023, taking place at the Moscone Center in San Francisco from April 24-27, please visit https://www.rsaconference.com/usa.

About Dazz

Dazz accelerates cloud remediation for security and engineering teams. The Dazz Remediation Cloud maps your code-to-cloud pipelines, reduces your security alerts to their key root causes, and remediates issues right in the developer's workflow. With Dazz, you gain full pipeline visibility, cut through alert noise, increase the value of existing tools, and shrink your risk window by reducing time to remediate. Visit us at dazz.io and follow us on Twitter at @dazz_io and LinkedIn at dazz-io.

About RSA Conference

RSA Conference(TM) is the premier series of global events and year-round learning for the cybersecurity community. RSAC is where the security industry converges to discuss current and future topics and gain access to the experts, unbiased content and ideas that enable individuals and companies to advance their cybersecurity posture and build stronger and smarter teams. Both in-person and online, RSAC brings the cybersecurity industry together and empowers the collective "we" to stand against cyberthreats around the world. RSAC is the ultimate marketplace for the latest technologies and hands-on educational opportunities that help industry professionals discover how to make their companies more secure while showcasing the most enterprising, influential and thought-provoking visionaries and leaders in cybersecurity today. For the most up-to-date news pertaining to the cybersecurity industry, visit www.rsaconference.com. Where the world talks security.

Contact Information
Tamar Harel
Media Consultant
tamar@shalomtelaviv.com
+972508879311

SOURCE: Dazz

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Jubilee Industries to unlock remaining shareholding in its Electronics Business Unit for S$21.4M

SINGAPORE, Mar 23, 2023 – (ACN Newswire) – Catalist-listed Jubilee Industries Holdings Ltd has entered into a Sales and Purchase Agreement (SPA) with UPC Electronics Pte. Ltd. (the "Purchaser") for the sale of the Company's remaining 86% shareholdings in We Components Pte. Ltd. (WEC), the Group's EBU (the "Proposed Disposal").

The Proposed Disposal follows the successful completion of the Company's sale of 14% shareholding interest in WEC ("First Disposal") as announced on 9 March 2023. The Hong Kong incorporated Purchaser's main business is the promotion and distribution of products and solutions of semiconductor manufacturers in the People's Republic of China and overseas. Upon completion of the Proposed Disposal, WEC shall cease to be a subsidiary of Jubilee.

The aggregate consideration of US$15.9 million (approximately S$21.4 million based on the exchange rate of USD 1: SGD 1.3486) for the Proposed Disposal will be satisfied fully in cash. The Proposed Disposal will enable Jubilee to re-strategise its financial and capital resources.

Jubilee's Executive Chairman and Chief Executive Officer, Dato' Terence Tea, said, "The Proposed Disposal reflects the EBU's deep value. To the fullest extent permissible under the laws, Jubilee intends to return the sale proceeds to shareholders in an effective and cost efficient manner."

This press release should be read in conjunction with the full text of the announcement: https://links.sgx.com/FileOpen/Jubilee%20-%20Disposal%20Announcement%20220323.ashx?App=Announcement&FileID=750647

About Jubilee Industries Holdings Ltd [JLJ:SP]

Established in 1993 and listed on SGX-Catalist since 10 July 2009, Jubilee Industries Holdings Limited (Jubilee) is a one-stop service provider with two main business segments:
1. Mechanical Business Unit (MBU), which is engaged primarily in precision plastic injection moulding (PPIM) and mould design and fabrication (MDF) services (Mechanical Segment); and
2. Electronics Business Unit (EBU), which distributes integrated electronic components.

Headquartered in Singapore, Jubilee's production facilities span Malaysia and Indonesia. Jubilee's products are sold to customers in the United States, the People's Republic of China, Singapore, India, Indonesia, Malaysia, Vietnam and various European countries. For more information, please visit http://www.jihldgs.com

Issued on behalf of Jubilee Industries Holdings Limited
By Waterbrooks Consultants Pte. Ltd.

For media enquiries, please contact:
Wayne Koo
+65 9338 8166
wayne.koo@waterbrooks.com.sg

Elliot Siow
+65 8375 0417
elliot@waterbrooks.com.sg

This Press Release has been reviewed by the Company's sponsor, Evolve Capital Advisory Private Limited ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST").

This Press Release has not been examined by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The details of the contact person for the Sponsor are:
Name :Mr Jerry Chua (Registered Professional, Evolve Capital Advisory Private Limited)
Address :138 Robinson Road, Oxley Tower, #13-02, Singapore 068906
Tel: +65 6241 6626

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Accrelist’s subsidiary, Jubilee, to unlock remaining shareholding in its Electronics Business Unit for S$21.4 million

SINGAPORE, Mar 23, 2023 – (ACN Newswire) – Accrelist Ltd.'s 53.31%-owned subsidiary, Jubilee Industries Holdings Ltd, has entered into a Sales and Purchase Agreement (SPA) with UPC Electronics Pte. Ltd. (the "Purchaser") for the sale of the Company's remaining 86% shareholdings in We Components Pte. Ltd. (WEC) (the "Proposed Disposal").

The Proposed Disposal follows the successful completion of Jubilee's sale of 14% shareholding interest in WEC ("First Disposal") as announced on 9 March 2023. The Hong Kong incorporated Purchaser's main business is the promotion and distribution of products and solutions of semiconductor manufacturers in the People's Republic of China and overseas. Upon completion of the Proposed Disposal, WEC shall cease to be a subsidiary of Jubilee.

The aggregate consideration of US$15.9 million (approximately S$21.4 million based on the exchange rate of USD 1: SGD 1.3486) for the Proposed Disposal will be satisfied fully in cash. The Proposed Disposal will enable Jubilee to re-strategise its financial and capital resources. Accrelist's Executive Chairman and Chief Executive Officer, Dr Terence Tea, said, "The Proposed Disposal reflects the EBU's deep value. To the fullest extent permissible under the laws, Jubilee intends to return the sale proceeds to its shareholders in an effective and cost efficient manner."

This press release should be read in conjunction with the full text of the announcement: https://links.sgx.com/FileOpen/Accrelist%20-%20Disposal%20Announcement%20220323.ashx?App=Announcement&FileID=750650

About Accrelist Ltd. [ACC:SP]

Accrelist Ltd. ("Accrelist") seeks to create long-term value for our shareholders and business partners by unlocking and adding value to the companies we invest in. The Group continues to actively pursue new opportunities with a growing focus on medical aesthetics.

The Group's wholly owned subsidiary corporations include the Accrelist Medical Aesthetics group of companies, branded as A.M Aesthetics, and A.M Skincare Pte. Ltd. ("A.M Skincare").

A.M Aesthetics operates a chain of registered medical aesthetics clinics in Singapore and Malaysia which use state-of-the-art equipment and clinically proven solutions to deliver a wide range of highly reliable and effective treatments.

A.M Skincare is principally involved in the retail sale of pharmaceutical and medical goods. It develops and distributes its own original design manufacturer clinical skincare products ("ODM") with support from South Korean dermatologists alongside other non-ODM products.

In addition, Accrelist holds a 53.31% controlling stake in Jubilee Industries Holdings Ltd. ("Jubilee"), a one-stop service provider with two main business segments:
1. Mechanical Business Unit (MBU) which is engaged primarily in precision plastic injection moulding and mould design and fabrication services; and
2. Electronics Business Unit (EBU) which distributes integrated electronic components.

Headquartered in Singapore, Jubilee's production facilities span across Malaysia and Indonesia. Jubilee's products are sold to customers in Singapore, Malaysia, Indonesia, Vietnam, India, the People's Republic of China, the United States and various European countries.

For more information, please visit www.accrelist.com.sg

Issued on behalf of Accrelist Limited
By Waterbrooks Consultants Pte. Ltd.

For media enquiries, please contact:
Wayne Koo
+65 9338 8166
wayne.koo@waterbrooks.com.sg

Elliot Siow
+65 8375 0417
elliot@waterbrooks.com.sg

This Press Release has been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. ("Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST").

This Press Release has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this Press Release including the correctness of any of the statements or opinions made or reports contained in this Press Release.

The contact person for the Sponsor is:
Name: Mr Mah How Soon, Registered Professional, RHT Capital Pte. Ltd.
Address: 36 Robinson Road, #10-06, City House, Singapore 068877s
sponsor@rhtgoc.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

K2 Partnering Solutions Acquires Openlogix

LONDON, Mar 22, 2023 – (ACN Newswire) – K2 Partnering Solutions, a provider of unique end-to-end consultative technology solutions in the enterprise application and software space, today announced its acquisition of Openlogix, a US-based technology consulting firm specializing in digital transformation and software development.

Openlogix, based in Bloomfield Hills, Michigan, is a top Salesforce, MuleSoft and IBM business partner with over 16 years of experience in delivering digital transformation solutions such as enterprise application integration, Customer 360, and application modernization. The firm partners with customers in industries such as Utilities, Financial Services, Insurance, Technology and Telecommunications.

The acquisition allows K2 to expand within its current ecosystems and provides a unique opportunity to efficiently scale its delivery capabilities and further expand its footprint in the U.S., India and Latin America. Openlogix's team of experienced consultants and developers will also enhance K2's ability to deliver customized solutions to clients.

The partnership will create synergies and opportunities for Openlogix to gain market share and provide it with a global platform to accelerate expansion in North America and new markets.

The acquisition is K2's 8th since December 2020 and supports the group's ongoing strategy of growing its portfolio through complementary acquisitions in the consultative technology solutions space.

"We are excited to welcome Openlogix to the K2 family," said Antonio Gulino, CEO of K2 Partnering Solutions. "Steve, Ramani and the talented Openlogix team have built a great company. Their expertise and experience in digital transformation will strengthen our ability to provide innovative solutions to our clients around the world."

"Our goal has always been to successfully carry out digital transformations for businesses of all sizes with a core focus on enterprise application integration," said Steve Lokam, Founder and CEO of Openlogix. "Joining forces with K2 will bring about exciting synergies that will strengthen our unwavering commitment to deliver exceptional services to our valued customers." Ramani Lokam, Vice President, Operations of OpenLogix said: "We are excited about the potential opportunities that this will bring to our employees. With K2's widespread presence, it will create new possibilities for our partners and employees worldwide."

K2 Partnering Solutions continues to support leading corporate enterprises seeking highly-skilled human capital and integrated solutions to develop, implement and operate critical technology and business solutions. The business provides an integrated end-to-end offering of Talent Solutions, Managed Solutions, Education and Human-Cloud Communities.

Contact Information:
Dylan Griffiths
Senior Vice President Marketing
dgriffiths@k2partnering.com
0203 893 4433

SOURCE: K2 Partnering Solutions

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com