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Media OutReach

Hong Kong Life’s Wealth Prestige Savings Insurance Plan Received the “Award of Excellence in Wealth Management & Inheritance Insurance Product” of Hong Kong Economic Journal

Helping Customers Build a Robust Long-term Wealth Succession Strategy HONG KONG SAR – Media OutReach Newswire – 18 September 2025 – In today’s dynamic economic landscape filled with both opportunities and challenges, many people believe that having savings or liquid assets is essential for a sense of security and protection. To achieve wealth appreciation while balancing risk, a long-term wealth management plan with stable returns is indispensable. Wealth Prestige Savings Insurance Plan (“the Plan” or “Wealth Prestige”) is a life insurance product integrating long-term savings, change of policy currency, policy split, contingent life insured arrangement and multiple options of death benefit settlement. The Plan offers a simple and effective way for customers to manage wealth while achieving multiple goals of savings, protection and long-term wealth succession. With its comprehensive and diverse features, Wealth Prestige was recently honored with the “Award of Excellence in Wealth Management & Inheritance Insurance Product” at the Financial Services Awards of Excellence 2025 organized by Hong Kong Economic Journal. Promotional Campaign for Wealth Prestige Savings Insurance Plan A series of promotional campaigns for Wealth Prestige Savings Insurance Plan has been launched across various channels, including online advertisements and TV commercials, to introduce the product’s key features in an approachable and engaging way. The promotional video is now available on Hong Kong Life’s official YouTube channel: https://youtu.be/y2kYLGL1Bws From 17 to 21 September, Hong Kong Life has launched a prize-winning campaign on the official Facebook page, themed around Wealth Prestige. Participants will have a chance to win a coupon of “Mannings PharmaCare”, which can be used for a one-time consultation and prescription service by a registered pharmacist at Mannings Pharmacy. Visit Hong Kong Life’s Official Facebook page for more details: https://www.facebook.com/hklifeinsurance/ Limited-Time Client Incentive During the promotion period, with successful applications for Wealth Prestige Savings Insurance Plan, subject to the requirement and other conditions of relevant Incentive, customers may enjoy up to 3% Single Premium Discount and corresponding Health Service, e.g. Mannings PharmaCare and GBA Medical Privilege Card「港灣藥安心權益卡」. Details of Client Incentive: https://www.hklife.com.hk/en/promotions/index-id-50.html https://www.hklife.com.hk/en/promotions/index-id-53.html Mr. Jonathan Ko, Chief Marketing Officer of Hong Kong Life said, “Hong Kong Life believes that wealth is more than just the accumulation of personal assets, it can also be cross-generational safeguard. A flexible and long-term savings life insurance product is ideal for meeting the diverse needs of customers in both wealth management and succession planning. Wealth Prestige Savings Insurance Plan combines flexible wealth management, life protection and long-term wealth succession. With product features like change of policy currency option, policy split option, unlimited times of change of life insured, contingent policyowner and contingent life insured arrangements, and flexible death benefit settlement options, it offers a solid and effective solution for long-term wealth planning. Whether facing future market changes or planning family wealth succession, Wealth Prestige is a trustworthy choice for customers.” Production Details of Wealth Prestige Savings Insurance Plan: https://www.hklife.com.hk/en/products/personal-insurance/savings-plan/wealth-prestige-savings-insurance-plan/index.html Terms and Conditions apply to the Plan and client incentive. For inquiries, please call Hong Kong Life’s customer service hotline at (852) 2290 2882 or visit Hong Kong Life’s website at http://www.hklife.com.hk. Hashtag: #香港人壽 #HKLife #御富儲蓄保險計劃 #宣傳短片 #長線儲蓄 #財富傳承 #保費折扣 https://www.hklife.com.hk/https://www.linkedin.com/company/9038828/https://www.facebook.com/hklifeinsurance/https://www.instagram.com/hklifeinsurance/ The issuer is solely responsible for the content of this announcement. About Hong Kong Life Established in 2001, Hong Kong Life Insurance Limited (“Hong Kong Life”) was founded by five local financial institutions including Asia Insurance Company Limited, Chong Hing Bank Limited, CMB Wing Lung Bank Limited, OCBC Bank (Hong Kong) Limited and Shanghai Commercial Bank Limited, which laid their foundations and have been serving people in Hong Kong for more than 50 years in average. Through our extensive network of around 130 distribution points comprising Chong Hing Bank, CMB Wing Lung Bank, OCBC Bank (Hong Kong) and Shanghai Commercial Bank, we offer an integrated one-stop service of insurance and financial planning to customers.

Media OutReach

PizzaExpress Launches “Flavours of Hong Kong” New Menu

Satay Beef, Singapore Noodle Pizza Integrated into Italian Dishes Creatively with British Flair HONG KONG, CHINA – Media OutReach Newswire – 18 September 2025 – PizzaExpress, originating from the UK, was founded by a globetrotter dedicated to bringing authentic handcrafted pizza experiences to food lovers worldwide. Now in Hong Kong with diversed culture, PizzaExpress has drawn inspiration from local culinary traditions to create a fusion menu “Flavours of Hong Kong” this September with a distinct Hong Kong flair, offering diners a delightful gastronomic journey that celebrates the city’s unique character. In exploring local flavours and ingredients, PizzaExpress has selected the century-old Hong Kong household brand “Lee Kum Kee” to develop this special menu, adding authentic local taste while upholding the brand’s dedication to quality ingredients. Alongside the new dishes, “Flavours of Hong Kong” features exclusive Hong Kong-themed souvenirs and accessories. The campaign also brings back classic promotions, including the limited-time “All You Can Eat” feast featuring new menu items, as well as half-price offers on select traditional pizzas, allowing everyone to indulge in a multi-sensory experience. Creative Hong Kong-Inspired Flavours: A Playful Menu Delivering Dual Experiences The “Flavours of Hong Kong” menu showcases a range of innovative dishes. The “‘Real’ Pineapple Dough Ball” cleverly combines the classic Hong Kong pineapple bun with PizzaExpress’ signature dough balls, featuring a golden crispy crust and soft interior, paired with a homemade mascarpone butter dip – a blend of Northern Italian special mascarpone and Australian butter for a double-textured treat. The “Singapore Noodles Pizza” creatively elevates the beloved stir-fried noodle dish by incorporating premium seafood and Italian cold cuts—succulent prawns, naturally smoked mortadella, and fresh vegetables on a curry sauce base, topped with crispy vermicelli for added crunch and layered flavours. The “Hainan Chicken Pizza” uses a secret-recipe Hainanese sauce as its base, topped with slow-cook tender chicken, fresh tomato slices, and onions, and drizzled with balsamic glaze for a modern twist on a local favourite. The “Satay Braised Beef Spaghetti”[1] captures the essence of Hong Kong’s iconic flavours—carefully braised beef cheek stir-fried with aromatic satay sauce, fresh spinach, and onions, touched up with crushed peanuts and Parmesan cheese, offering a uniquely Hong Kong-style indulgence. For drinks, the “Tropical Bliss” lives up to its name by blending pineapple chunks, passionfruit syrup, and Sprite into a refreshing tropical beverage. The “Black Cow” evokes childhood memories by combining chocolate ice cream with Coca-Cola—a classic Hong Kong-style float that’s simply irresistible! For dessert, the “French Dough with Butter” upgrades the signature baked dough balls with butter, condensed milk, and peanut butter for an indulgent treat. For an even more elevated experience, add a scoop of vanilla ice cream for an irresistible contrast of hot and cold. Limited-Edition “Flavours of Hong Kong” Souvenirs: Cherish the Culinary Memories With Hong Kong-themed accessories becoming increasingly popular among both tourists and locals, “Flavours of Hong Kong” extends its East-meets-West creativity by launching three quirky accessories, along with a Hong Kong signature red-white-blue themed crossbody bag. During the campaign, customers who spend HK$580 or more will receive a limited-edition “Flavours of Hong Kong” accessory, while those spending HK$980 or more will receive an additional limited-edition crossbody bag. Supplies are limited and available only while stocks last—it would be a remarkable experience to take home these unique culinary mementos! Limited-Time Promotions: Enjoy 11 Classic Original Pizzas at up to 50% Off and the Return of the Popular “All You Can Eat” Feast Starting September 16, 2025, PizzaExpress will roll out a series of exciting promotions to celebrate the new school term and invite everyone to savour British-Hong Kong fusion flavours. Classic Original Pizza Series Discount Available Mondays to Thursdays (excluding public holidays) during the campaign period, members can enjoy half-price à la carte traditional pizzas, while non-members get 40% off. The offer applies to 11 Classic pizzas (Original Size), including the new “Hainan Chicken Pizza,” all featuring PizzaExpress’ signature traditional pizza base that has been proudly served since 1965. Promotion period: September 16 to November 17, 2025 “All You Can Eat” 60-Minute Feast Makes a Comeback The “All You Can Eat” feast is available Mondays to Fridays (excluding public holidays) from 2:30 PM to 6:00 PM. For just HK$98 per adult and HK$58 per child, diners can enjoy unlimited servings of select dishes, including “Margherita Pizza”, “Peking Duck Pizza”, “American Pizza”, signature “Baked Dough Balls”, and the new “Hainan Chicken Pizza,” all designed to celebrate the new menu. Promotion period: September 16 to October 27, 2025 Peroni Italian Beer and Snack Combo During the promotion, enjoy Baked Potato Skins with Beef or Chicken Wings paired with a small Peroni beer for just HK$118. Additional bottles can be added for HK$28, ensuring a delightful experience alongside the delicious food. Promotion period: September 16 to November 17, 2025 “Flavours of Hong Kong” Menu Overview [1] Recipes are slightly modified in AIA Tower and Pokfulam Farm restaurants Hashtag: #PizzaExpressHK #FlavoursofHongKong #60Years #FreshSince1965 #李錦記 #LeeKumKee The issuer is solely responsible for the content of this announcement. About PizzaExpress #PizzaExpressHK PizzaExpress Hong Kong is owned and operated by PizzaExpress Group, United Kingdom. PizzaExpress is really proud of its pizzas, its love for music and supporting meaningful causes in the community. Since 1965 the restaurants have been serving hand-crafted pizzas made with the freshest ingredients. Each pizza is made to order by skilled Pizzaiolos (pizza chefs). Beautiful pizza served in a socially-responsible and creative environment; this truly is’Pizza in Style’. PizzaExpress restaurants: https://www.pizzaexpress.hk/our-restaurants About Lee Kum Kee Lee Kum Kee is the global gateway to Asian culinary culture, dedicated to promoting Chinese culinary culture worldwide. Since 1888, it has brought people together over joyful reunions, shared traditions, and memorable meals. Beloved by consumers and chefs alike, Lee Kum Kee’s range of more than 300 sauces and condiments sparks creativity in kitchens everywhere, inspiring professional and home chefs to experiment, create, and delight. Headquartered in Hong Kong, China and serving over 100 countries and regions, Lee Kum Kee’s rich heritage, unwavering commitment to quality, sustainable practices, and “Constant Entrepreneurship”

Energy & Technology

Razorpay Enables Indian Businesses To Accept Apple Pay Payments

Razorpay has become the first Indian payment aggregator to integrate Apple Pay for international sales, enabling merchants to offer a seamless one-tap checkout experience to overseas customers. The service opens access to hundreds of millions of Apple device users—including iPhone, iPad, Mac, and Apple Watch—allowing payments to be authenticated via Face ID or Touch ID. Industry insights indicate that Apple Pay can boost conversion rates by up to 58%. Razorpay reports that early adopters on its platform are already achieving over 90% success rates for cross-border payments. The Apple Pay option is being introduced alongside Razorpay’s existing international payment methods, which include Visa, Mastercard, American Express, Diners, and international bank transfers. Initially, Apple Pay will be available for merchants using Razorpay’s standard checkout and major e-commerce platforms, with support for custom integrations planned for the near future.

Media OutReach

Huawei named a Leader in the Gartner® Magic Quadrant™ for Enterprise Storage Platforms, 2025

SHENZHEN, CHINA – Media OutReach Newswire – 18 September 2025 – The internationally renowned analyst firm Gartner® has released the “Magic Quadrant for Enterprise Storage Platforms, 2025.” Huawei has been placed in the Leaders Quadrant, the only non–North American vendor to do so. Huawei Data Storage named a Leader in the Magic Quadrant Huawei Data Storage continues to advance technological innovation, leveraging an AI-ready data platform, robust data resilience and efficiency, and advanced intelligent data management to comprehensively meet the diverse needs of enterprises in hybrid-cloud, AI, and critical business use cases. Huawei’s Data Storage solutions are used in more than 150 countries and regions worldwide, serving clients in industries such as finance, telecommunications, manufacturing, healthcare, government, and public utilities across Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region. To learn more about Huawei storage products and solutions, please visit: https://e.huawei.com/en/products/storage Gartner, Magic Quadrant for Enterprise Storage Platforms, By Jeff Vogel, Julia Palmer, Chandra Mukhyala, Joseph Unsworth, 2 September 2025 GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Hashtag: #Huawei The issuer is solely responsible for the content of this announcement.

Media OutReach

Tenchijin’s KnoWaterleak Achieves Cumulative Milestone of 50 Municipal Contracts in Japan

Trusted by Municipalities in Japan, Tackling Water Infrastructure Challenges Globally TOKYO, JAPAN – Media OutReach Newswire – 18 September 2025 – Tenchijin Inc., a space-tech innovator transforming sustainable water infrastructure management, announced today that “KnoWaterleak,” a water leakage assessment and management system, has surpassed 50 cumulative municipal contracts. KnoWaterleak Achieves Cumulative Milestone of 50 Municipal Contracts in Japan The milestone demonstrates accelerating market adoption, with contract numbers growing from 30 in April 2025 to 40 in July and reaching 50 contracts just two months later in September. This rapid six-month expansion reflects heightened interest from municipalities and water utilities seeking innovative solutions to address Japan’s aging infrastructure challenges. Japan’s underground water distribution networks pose significant management challenges. Aging pipes, frequent leaks, and costly replacements have become pressing issues. Climate change-induced extreme weather and seismic activity further increase infrastructure risks. At the same time, municipal budget constraints and a shortage of technical workforce make comprehensive pipe replacement impractical. KnoWaterleak’s rapid adoption in Japan demonstrates its ability to tackle one of the world’s most urgent water infrastructure challenges. Tenchijin aims to extend the solution globally, enabling municipalities worldwide to use the platform that harnesses satellite data and AI to predict and prevent water infrastructure risks. Hashtag: #Tenchijin #KnoWaterleak #SatelliteTechnology #AI #Infrastructure #Sustainability #LeakageDetection #ESG #WaterLoss https://tenchijin.co.jp/?hl=enhttps://www.linkedin.com/company/tenchijin/https://x.com/tenchijin_prhttps://www.facebook.com/tenchijin.pr The issuer is solely responsible for the content of this announcement. About Tenchijin KnoWaterleak KnoWaterleak is an innovative platform that harnesses satellite data and AI to predict and prevent water infrastructure risks. The system analyzes space-derived data to identify potential leaks within 100-meter square zones, providing unprecedented insights through a 5-level risk evaluation system. Through continuous AI learning and data collection, the platform demonstrates efficiency in sustainable water management. This technology has earned recognition from Japan’s Ministry of Health, Labour and Welfare at the 7th Infrastructure Maintenance Grand Prize. About Tenchijin Inc. Tenchijin Inc. is a space-tech innovator leveraging satellite data and AI to detect hidden water infrastructure risks, predict potential leaks, and drive more sustainable, efficient water management through space-derived insights. Our flagship product, KnoWaterleak, combines satellite technology with advanced AI algorithms to proactively identify and prevent costly infrastructure failures, enabling organizations to manage their water systems more sustainably. Company Overview Company Name: Tenchijin Inc. Address: 5F, Nihonbashi 1-chome Mitsui Building, 1-4-1 Nihonbashi, Chuo-ku, Tokyo, Japan Representative: Yasuhito Sakuraba, CEO Business Content: Land evaluation consulting using satellite data Website: https://suido.tenchijin.co.jp/ For inquiries regarding the expansion of Tenchijin COMPASS KnoWaterleak globally: Asia Business Development Representative: [email protected]

ESG

Monsoon Wind Launches 600 MW, Asia’s First Cross-Border Wind Farm

From the ridgelines of southern Lao PDR, 133 wind turbines are now delivering clean electricity directly into Vietnam, marking a historic milestone for the region. The Monsoon Wind Power Project, which reached commercial operation on 22 August 2025, is the first wind farm in Laos and the first renewable energy project in Asia to export power internationally. At 600 MW, it also ranks as Southeast Asia’s largest onshore wind installation. Completed four months ahead of schedule after 27 months of construction, the project represents a breakthrough in both national energy planning and regional cooperation. It diversifies Laos’ energy mix beyond hydropower while providing Vietnam with a reliable source of clean electricity amid surging demand. Regional Integration Through Infrastructure The wind farm spans the Dak Cheung and Sanxay districts in southern Laos. Power generated at the site is routed through four substations, stepped up to 500 kV, and transmitted via a 27-kilometre line to the Lao–Vietnam border. From there, it connects to Vietnam’s 500 kV network and continues to EVN’s Thanh My substation, feeding directly into the national grid. By demonstrating that cross-border renewable projects can be technically and commercially viable, Monsoon Wind reinforces ambitions for the ASEAN Power Grid, a long-standing vision for shared regional energy security. Consortium Collaboration and Financing Monsoon Wind is developed and operated by Monsoon Wind Power Company Limited, a Lao-incorporated entity backed by a multinational consortium. Partners include Impact Electrons Siam, ACEN (Philippines), BCPG and STP&I (Thailand), Mitsubishi Corporation and Diamond Generating Asia, and Lao-based SMP Consultation. The project was financed by a mix of regional and international lenders, including the Asian Development Bank (lead arranger), Asian Infrastructure Investment Bank, Japan International Cooperation Agency, Export–Import Bank of Thailand, Hong Kong Mortgage Corporation, Sumitomo Mitsui Banking Corporation, Kasikornbank, and Siam Commercial Bank. PowerChina led construction, while Envision Energy supplied the turbines. This collaboration highlights growing confidence in cross-border renewable infrastructure as a source of stable returns while advancing climate goals. Perspectives from Project Leaders “This is a proud and historic moment for our company, our partners, and the region,” said Nat Hutanuwatr, Managing Director of Monsoon Wind Power. He highlighted the project’s decade-long journey from feasibility studies to full-scale delivery and thanked governments, financiers, and local communities for their support. Chairwoman Paradai Suebma noted the project was “14 years in the making,” calling it both a testament to long-term vision and a practical example of ASEAN nations collaborating on climate-aligned growth. Community Development and ESG Commitment Construction was completed without resettlement, in line with international environmental and social safeguard standards. Developers have committed $1.1 million annually for community programs, including scholarships, mobile healthcare services, and coffee-based livelihood initiatives. By combining local development with regional power generation, Monsoon Wind demonstrates that utility-scale infrastructure can deliver both energy security and tangible social benefits. Implications for Investors and Policymakers For investors, Monsoon Wind’s ahead-of-schedule completion and stable long-term offtake into Vietnam strengthen the case for cross-border renewables as bankable assets. For policymakers, the project exemplifies how infrastructure can provide dual benefits: diversifying domestic energy sources while enhancing regional integration. The project is expected to avoid 1.3 million tonnes of CO₂ emissions annually, supporting commitments under the Paris Agreement and offering a replicable model for future ASEAN energy initiatives. Regional and Global Significance Monsoon Wind is reshaping expectations for Southeast Asia’s power sector. By moving beyond single-country, single-technology projects, it broadens options for grid balancing, investment attraction, and decarbonization acceleration. For global ESG and climate finance stakeholders, the project shows that the combination of governance support, blended finance, and multinational partnerships can unlock frontier renewable projects at scale. What began as a speculative concept in 2011 now serves as evidence that shared infrastructure can anchor the energy transition in Asia’s rapidly growing economies.

ESG

Singapore Raises $510M To Drive Green Infrastructure Development Across Asia

The Monetary Authority of Singapore (MAS) has successfully secured $510 million in committed capital for a new fund aimed at financing green infrastructure projects across Southeast and South Asia. The initiative, called the Green Investments Partnership, forms part of the broader Financing Asia’s Transition Partnership (FAST-P) and will focus on supporting renewable energy, energy storage, and sustainable transport initiatives. The fund has attracted commitments from a mix of regional and global investors, including HSBC, Singapore’s sovereign wealth investor Temasek, and the Australian government. Its design blends public and private capital to mitigate risk while accelerating the deployment of climate-related projects. Pentagreen Capital to Oversee Fund Management Management of the fund will be handled by Pentagreen Capital, a sustainable infrastructure debt platform jointly established by HSBC and Temasek. Pentagreen specializes in financing projects that are often overlooked by traditional investors but carry high potential for climate and social impact. Gillian Tan, Assistant Managing Director (Development & International) and Chief Sustainability Officer at MAS. “Pentagreen has brought together a diverse group of partners, participating across both commercial and concessional layers of the capital structure to de-risk and fund marginally bankable green infrastructure projects,” said Gillian Tan, MAS Assistant Managing Director (Development & International) and Chief Sustainability Officer. This layered approach allows concessional capital to attract commercial investors who might otherwise shy away from projects in markets with higher financial or political risk—a core principle of FAST-P’s strategy. Addressing Regional Transition Needs Southeast and South Asia face some of the world’s fastest-growing energy demand, while many economies remain heavily reliant on coal. Expanding access to affordable capital for renewable energy and low-carbon infrastructure is critical for aligning the region with global climate goals. The Green Investments Partnership will prioritize utility-scale renewable energy projects, battery storage, clean mobility solutions, and supporting infrastructure. MAS has emphasized that investments will be evaluated not only on their emissions-reduction potential but also on broader social benefits, such as job creation and community development. Global Significance and Policy Alignment Singapore’s fund aligns with international efforts to close the climate finance gap in emerging markets. According to the International Energy Agency, developing economies must triple annual investment in clean energy to meet global net-zero targets. By positioning itself as a hub for blended finance, Singapore reinforces its regional capital market role while advancing its own climate agenda. The initiative also complements Australia’s economic and diplomatic engagement in Asia, reflecting Canberra’s increasing focus on climate finance. Investor Implications For investors and business leaders, the Green Investments Partnership offers a model for channeling capital into markets with substantial infrastructure needs but higher risk profiles. The initiative demonstrates how public-private collaboration can be scaled effectively to mobilize resources quickly, while balancing financial returns with measurable environmental and social impact. The fund’s success will depend on effective execution: navigating diverse regulatory landscapes, ensuring capital deployment translates into tangible decarbonization outcomes, and balancing investor expectations with climate goals. If successful, it could serve as a blueprint for other regions seeking to unlock private investment for the energy transition. A Regional Initiative with Global Impact With $510 million already committed and additional fundraising anticipated, the Green Investments Partnership signals Asia’s central role in global climate action. MAS is leveraging its convening power to align governments, financial institutions, and investors, positioning Singapore not only as a financial hub but also as a key driver of the region’s transition to sustainable, low-carbon infrastructure.

News

Rex To Sell Two Revenue-Generating Subsidiaries

KUALA LUMPUR, Rex Industry Bhd has proposed the disposal of two of its profit-generating subsidiaries as part of a restructuring exercise to strengthen its financial footing and streamline operations. In a filing with Bursa Malaysia, the food and beverage group said the divestment will enable it to unlock value from its assets, improve liquidity, and reduce its overall borrowings. Rex explained that while the subsidiaries have been contributing positively to the group, the disposal forms part of a long-term strategy to consolidate resources and refocus on core businesses with higher growth potential. “The proposed disposal is in the best interest of the company and its shareholders, as it provides an opportunity to realise immediate cash proceeds, reduce gearing, and enhance working capital,” it said. Industry observers noted that the move reflects Rex’s efforts to reposition itself amid a challenging consumer goods landscape, where rising costs and competition are pressuring margins. The disposal, expected to be completed within the current financial year, is subject to regulatory approvals and the fulfilment of standard conditions precedent. Rex added that it will continue to explore opportunities to strengthen its brand portfolio and expand into new markets despite the planned divestments.

News

Asian Pac Subsidiary To Dispose Of Ulu Langat Land For RM88m

KUALA LUMPUR, Asian Pac Holdings Bhd’s wholly owned subsidiary has entered into a sale and purchase agreement to dispose of a piece of land in Ulu Langat, Selangor, for RM88 million. In a Bursa Malaysia filing, the group said the disposal is in line with its strategy to unlock value from non-core assets and strengthen its financial position. Proceeds from the sale will be utilised to pare down borrowings, enhance working capital, and provide additional flexibility for the group’s ongoing and future projects. “The proposed disposal represents an opportunity for the group to realise the value of its landbank while reducing gearing and improving cash flow,” Asian Pac said. The company noted that the transaction is not expected to have any adverse impact on its core operations, particularly in property development and investment. Industry observers said the disposal is timely, as it allows Asian Pac to reallocate resources towards projects with stronger growth potential, while supporting its long-term balance sheet optimisation. The deal is expected to be completed within the financial year, subject to the fulfilment of conditions precedent.

Investment & Market Trends

Sunsuria Establishes RM500m Sukuk Programme

KUALA LUMPUR, Sunsuria Bhd has established a sukuk programme of up to RM500 million to strengthen its funding base and support future business expansion. In a filing with Bursa Malaysia, the property developer said the Islamic medium-term notes programme (Sukuk Wakalah) has a tenure of 30 years from the date of first issuance. The sukuk will be issued from time to time, subject to market conditions, and the proceeds will be utilised to refinance existing borrowings, fund working capital, and finance new projects in line with the group’s growth strategy. “The establishment of this sukuk programme provides Sunsuria with greater financial flexibility, diversification of funding sources, and the ability to better match long-term funding requirements with the group’s development pipeline,” it said. The sukuk has been assigned a preliminary rating of A+IS by Malaysian Rating Corporation Bhd (MARC Ratings), reflecting the group’s credit profile and project delivery track record. Analysts said the sukuk issuance is timely, as Sunsuria continues to pursue township developments and niche property projects while seeking to enhance recurring income streams. Sunsuria added that the programme will not have any immediate material effect on its earnings or net assets but is expected to contribute positively over the medium to long term.

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