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MKH Divests Subsidiary In RM49.53m Deal

KUALA LUMPUR, Property developer MKH Bhd has announced the disposal of one of its subsidiaries for RM49.53 million as part of its strategy to streamline operations and unlock value from its investments. In a filing with Bursa Malaysia, MKH said the proposed sale will enable the group to realise gains from its investment and channel the proceeds towards strengthening its balance sheet and funding future developments. The company explained that the divestment is in line with its ongoing efforts to enhance efficiency by focusing on core businesses in property development, construction, and plantation. “The disposal represents a timely opportunity for the group to monetise its non-core assets, while creating additional financial flexibility to pursue growth projects,” MKH said in a statement. The transaction is expected to be completed once all conditions precedent are met, and is not anticipated to have any adverse impact on the group’s existing operations. Analysts noted that the disposal will provide MKH with additional liquidity, allowing it to reduce borrowings and improve gearing levels, while also freeing up resources for expansion in high-potential segments. MKH has a diversified portfolio that spans property development, investment holdings, construction, and oil palm plantation. The group said it remains committed to creating long-term value for shareholders through strategic asset optimisation and prudent capital management.

Investment & Market Trends

YLI Agrees To RM18m Disposal Of Prai Factory Land To Reduce Debt

KUALA LUMPUR, Pipe manufacturer YLI Holdings Bhd (KL:YLI) has announced plans to dispose of an industrial land parcel in Prai, Penang, together with a factory building, for RM18 million in cash as part of efforts to strengthen its working capital and pare down borrowings. In a filing with Bursa Malaysia, the group said its wholly-owned subsidiary, Yew Lean Foundry & Co Sdn Bhd, has signed a sale and purchase agreement with Hong Kuan Metals Recycle Sdn Bhd for the disposal. Hong Kuan Metals Recycle, established in 2005, is involved in metal recycling, refining and manufacturing, as well as transport and machinery rental. The company is controlled by directors and shareholders Ng Boon Pin and Ng Kok Keong. The property, which measures 12,226 sq m, is currently utilised for storage and office operations. An independent valuation carried out on March 28 this year placed the property’s worth at RM14 million — RM7.4 million for the land and RM6.6 million for the building. YLI originally acquired the asset at a cost of RM4.6 million. From the disposal, YLI expects to record a net gain of about RM1.5 million after deducting real property gains tax and related expenses. Proceeds will be allocated to meet working capital requirements and reduce borrowings, which the group said would improve its reserves and overall financial position. As of June 30, 2025, YLI carried total borrowings of RM25.61 million, comprising RM15.65 million in long-term debt and RM10 million in short-term obligations. Its gearing ratio stood at 0.18 times, based on total equity of RM155.69 million. Barring unforeseen circumstances, the group expects the disposal to be completed by the first quarter of 2026. YLI’s shares were unchanged on Wednesday, last closing at 29 sen, valuing the group at RM32.76 million.

Investment & Market Trends

Farmiera Taps Malacca Securities To Drive ACE Market Listing Plans

KUALA LUMPUR, Integrated poultry producer and distributor Farmiera Bhd has formalised its move towards an initial public offering (IPO) with the signing of an underwriting agreement with Malacca Securities Sdn Bhd, marking a crucial milestone in its proposed listing on the ACE Market of Bursa Malaysia. Farmiera Bhd has signed an underwriting agreement with Malacca Securities Sdn Bhd for its planned ACE Market listing on Bursa Malaysia.  Under the agreement, Malacca Securities will serve as Principal Adviser, Sponsor, Underwriter and Placement Agent, providing end-to-end guidance for Farmiera throughout the listing exercise. The IPO exercise will involve the public issuance of 117 million new ordinary shares, equivalent to 26% of the enlarged share capital of the company. The shares will be allocated as follows: 22.5 million shares for application by the Malaysian public; 9 million shares for eligible directors, senior management, employees, and other contributors to the group’s growth; 29.25 million shares for private placement to selected investors; and 26.25 million shares for private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI). Integrated Halal Supply Chain Farmiera operates a fully integrated halal poultry ecosystem encompassing farming, processing, and distribution. The group manages 15 company-owned broiler farms and partners with 44 contract farms across Selangor, Negeri Sembilan, Perak, Pahang and Melaka. Its downstream network includes two HALAL-certified processing facilities, supplying fresh, traceable poultry products to leading retailers, foodservice operators and wholesalers nationwide. Farmiera managing director and chief executive officer Hong How Seng described the underwriting agreement as a turning point in the group’s growth journey. “This agreement marks an important step forward in Farmiera’s transformation from a regional poultry supplier into a publicly listed player,” Hong said.“We remain committed to expanding our operations sustainably, particularly through the development of parent stock farms and a hatchery, while continuing to deliver safe, high-quality halal poultry to the Malaysian market.” Positioned for Growth Industry analysts view Farmiera’s upcoming listing as timely, given the central role of poultry in Malaysia’s food security agenda. With one of the highest per capita chicken consumption rates in Asia, domestic demand for poultry remains resilient, even during periods of economic uncertainty. Meanwhile, Malaysia’s growing halal export potential presents further opportunities for Farmiera to expand regionally. “Farmiera provides investors with direct exposure to a stable yet growing industry,” one analyst noted. “Its integrated model, strong supply chain, and expansion roadmap position the company well to capitalise on opportunities in both domestic and halal-certified export markets.” Proceeds from the IPO are expected to support the construction of parent stock farms and a hatchery, the upgrade of automation systems, as well as working capital and debt reduction, reinforcing Farmiera’s operational capacity and financial position. Strengthening Brand Visibility Upon regulatory approval and completion of the book-building exercise, Farmiera’s shares are expected to make their debut on the ACE Market, a move that will enhance the company’s visibility among investors while granting greater financial flexibility. “This IPO will not only strengthen our market position but also support our long-term mission to meet Malaysia’s demand for sustainable, traceable, and high-quality halal poultry products at home and abroad,” Hong added.

Media OutReach

Discover Asia’s Leading Children’s Book Fair — CCBF 2025, Shanghai · November 14–16, 2025

SHANGHAI, CHINA – Media OutReach Newswire – 18 September 2025 – The 12th edition of the China Shanghai International Children’s Book Fair (CCBF) will take place from November 14-16, 2025, in Shanghai at the Shanghai World Expo Exhibition & Convention Center (SWEECC). As the leading event in the Asia Pacific region dedicated to children’s books and content, the 2025 CCBF is expected to host 500 exhibitors from over 35 countries and regions, with an anticipated attendance of more than 50,000 visitors across a 25,000-square-meter exhibition area. CCBF serves as a bridge between Eastern and Western children’s publishing, promoting Chinese original titles globally and showcasing emerging talent from China and the Asia-Pacific region. The fair provides a professional platform for publishers, agents, booksellers, illustrators, digital creators, and cross-media partners to connect, collaborate, and explore new business opportunities. CCBF 2025 is divided into two zones: the Copyright Zone and the Hybrid Zone. The Copyright Zone focuses on copyright exchange and international collaboration, open exclusively to industry professionals. The Hybrid Zone combines copyright activities with marketing, distribution, channel development, promotion, and retail. CCBF warmly welcomes global industry colleagues and all book lovers to join this vibrant celebration of children’s books! Highlights of CCBF 2025 This year, Belgium, Canada, France, Italy, Japan, Norway, Poland, Russia, South Korea, UAE, and the UK will have national pavilions. Featured areas like the BOP – Bologna Prize Lounge, Asia Pacific New Entry Lounge, and Rights Centre will return, alongside the Belt and Road Lounge for publishers from BRI partner countries. A new Cross Media Lounge highlights global projects such as BookGorae (South Korea), Frontiers for Young Minds (Switzerland), MakeMake Digital Library (Colombia), and Weltentdecker (Germany). The BOP Lounge features award-winning houses like Andersen Press (UK), Barefoot Banana (Thailand), Enchanted Lion Books (USA), and Fukuinkan Shoten (Japan). The Asia Pacific New Entry Lounge hosts Difference Engine (Singapore), Jiaxuan Publishing (Malaysia), Pepper Dog Press (Singapore), and Sekaibunkasha Group (Japan). Leading Chinese publishers—China Education Publishing, Shanghai Century Publishing, CITIC Press, 21st Century Publishing, Jieli Publishing, Phoenix Juvenile, New Buds, and Hunan Juvenile & Children’s Publishing—along with private publishers like Post Wave Kids, Little Bean, Lelequ, CheerFly Culture, and Jojo Reading, will participate in discussions and exchanges throughout the fair. Spotlight on New Books The new Spotlight on New Books will showcase 2025’s latest titles and features book launches, author signings, and rights-purchasing sessions. It provides a unique platform for visitors to acquire rights, forge partnerships, and connect directly with leading global children’s publishers. Leverage Professional Expertise and Discover Innovative Trends CCBF 2025 will host 17 professional conferences and seminars fostering cross-cultural exchange across the children’s content industry. A highlight is the International Children’s Reading Promotion Forum, supported by the Shanghai Press & Publication Administration and the International Board on Books for Young People (IBBY), which will gather global leaders, including Gvantsa Jobava (IPA President) and Basarat Kazim (IBBY President) to discuss best practices, digital innovation, and building safe, multicultural reading environments. Other sessions will feature the Award Winners’ Series, insights into Chinese and global book retail markets, and discussions on IP operations, AI in education, Asian children’s content, and innovative storytelling. A stellar lineup of distinguished guests—including Sydney Smith, winner of the 2024 Hans Christian Andersen Award for Illustration; Shinsuke Yoshitake, recipient of the Bologna Ragazzi Special Prize; Leo Timmers, eight-time winner of the Children’s and Youth Jury Award and recipient of the Bookpeacock Award; Alessandro Sanna, winner of multiple Premio Andersen awards; Øyvind Torseter, winner of the Bologna Ragazzi Award and Norwegian Book Art Prize; and Matthew Forsythe, Oscar-nominated artist—will be participating in the Fair. Children Plus: Comics CCBF will spotlight comics with the special exhibition Children Plus – COMICS: Exploring the World, One Bubble at a Time. The exhibition is divided into two sections: international and domestic. The international section is curated by an international team led by Grazia Gotti, Co-founder of the Giannino Stoppani Children’s Bookshop and the Accademia Drosselmeier, with Marina Lepore (Secretariat and Coordination, Cooperativa Giannino Stoppani/Accademia Drosselmeier) and Mariaelena Schiavo (Special Projects for BCBF and CCBF). The Chinese section is curated by Fei Jia, Senior Editor and Picture Book Researcher. The exhibition will showcase around 200 international titles, celebrating comics as an art form and a learning tool. A dedicated panel will explore this theme in depth. Emerging talent in Illustration The Golden Pinwheel Illustration Exhibition highlights 69 outstanding shortlisted works from the 2025 Golden Pinwheel Young Illustrators Competition, alongside the launch of the official Yearbook, bringing the latest in cutting-edge illustration to the public. The Illustrators Survival Corner, in partnership with Mimaster Illustrazione, will feature 11 masterclasses, 9 creative workshops, and 27 one-on-one mentorship sessions, empowering young illustrators to showcase their skills, improve their craft, and engage in valuable exchanges. Registration & Travel Info Professionals in children’s publishing, education, entertainment, and related fields can attend free of charge. Using the online matchmaking system, visitors and buyers can browse exhibitors and products, schedule pre-arranged meetings, and expand their professional networks. Visit www.ccbookfair.com/en or search “ccbookfair” for details. International visitors should apply for a visa in advance. China offers visa-free entry for 47 countries and a 240-hour transit visa-free policy for 55 countries. For further information or consultation on relevant visa exemption policies, please visit www.visaforchina.cn Media Contact Ms. Yvonne Sun T: +86-33683186*8044 | E: [email protected] Hashtag: #CCBF The issuer is solely responsible for the content of this announcement. About CCBF Approved by the Shanghai Press & Publication Administration, CCBF is organized by Shanghai Xinhua Distribution Group Co., Ltd., China Education Publishing & Media Group Ltd., and China Universal Press & Publication Co., Ltd., co-organized by Ronbo BolognaFiere Shanghai Ltd., and powered by the BolognaFiere Group. Since its debut in 2013, CCBF has grown into the leading fair for children’s content in the Asia Pacific region. In 2024, CCBF hosted 497 exhibitors from 32 countries and regions, with 41,263 visitors, including 17,081 professionals, attending over the three-day event. For more information, please contact: [email protected]

Media OutReach

COMEX 2025 Targets Over USD $320 Million in Deals as Oman Showcases Digital Future

MUSCAT, OMAN – Media OutReach Newswire – 18 September 2025 – Business deals exceeding US $320 million was the target of Oman’s flagship technology and investment exhibition, COMEX 2025, making this year’s gathering from September 8 to 11, the most ambitious in the event’s 34-year history. “This is the biggest and most important event in Oman when it comes to trade, investment and business,” said Amr Baabood, CEO of the Arabian Research Bureau and organiser of the show. “We are focused on the future: digital transformation, artificial intelligence, and the technologies that will drive economic growth.” Record International Participation More than 35 countries are taking part, with government agencies, private companies, universities and start-ups presenting innovations in Artificial Intelligence (AI), blockchain, fintech, cybersecurity, logistics, and digital government services. Live-streamed sessions also enabled a global audience to follow key discussions with nearly 60 Omani government entities highlighting progress toward the nation’s Oman Vision 2040 master plan. “They’re demonstrating what has been achieved and how public–private partnerships can help realise our big vision,” Baabood noted. This was conceded by his Marketing Director, Huzaifah Ubaid Khan, who highlighted the show’s scale and strategic focus: “Our main theme is driving investment in tech with Oman, and we’ve built the event around five key growth ecosystems—digital transformation, AI and cybersecurity, e-sports and gaming, agriculture technology, and banking and fintech—all aligned with Oman Vision 2040,” he said. “With nearly 400 exhibitors overall, and an expected 100,000 visitors, COMEX has become the platform where investors, innovators and policymakers connect. “Oman’s historic trade links with Asia—from Malaysia and Singapore to Indonesia—make this the right time for Southeast Asian companies to explore opportunities here.” Khan also pointed to firsts that reflect the exhibition’s growing clout: a major China pavilion, strong GCC representation, and even an Oman Air aircraft carrying the COMEX logo—a national first. “We’ve taken bold steps in marketing and partnerships this year, and the response has been incredible,” he said. Technology for Every Sector Dedicated zones covered government e-services, banking and fintech, insurance technology, cybersecurity, and advanced logistics. Exhibitors showcased everything from telemedicine platforms and health-tracking apps to next-generation shipping and aviation monitoring systems. “Oman is globally recognised for its strong cybersecurity framework,” Baabood said. “We have the world’s leading companies here, ensuring data is as safe as possible.” A Gateway for Asia and Beyond Baabood also highlighted opportunities for Southeast Asian businesses—particularly from Malaysia, Singapore, Indonesia and the Philippines—to collaborate with Omani counterparts. “Oman’s location makes it a natural hub for the GCC, Africa and Europe,” he explained. “Asian countries lead in technologies such as semiconductors. We invite their companies to set up here and serve the wider region.” Sustainability and Green Energy Sustainability was also central to the show with Oman investing heavily in green hydrogen and renewable energy. Major companies at COMEX also demonstrated how digital tools—from drones to smart tracking—can cut environmental impact. “Digital transformation is not just about technology,” Baabood stressed. “It’s about people, skills and mindset.” Youth and Teamwork Despite his own youth, Baabood credits COMEX’s success to a “young, energetic team—most of them under 28 years old—and the strong support of experienced partners.” “Age is not a factor when everyone works together toward a common vision,” he said. Cybersecurity Front and Center Among the standout participants at COMEX was Dreamlab Technologies, unveiling a suite of locally developed cybersecurity tools aimed at strengthening digital sovereignty across the Middle East and beyond. “We are proud to present advanced solutions built in Oman by Omani professionals,” said Mohammed Al Mamari, General Manager of Business Development. “From our base in Muscat we are driving innovation that serves not only the Middle East but also international markets, making Oman a regional hub for cybersecurity solutions.” Government Innovation on Display Highlighting the public sector’s role, Sultan Al Subhi, representing Oman’s Ministry of Culture, Sports and Youth, showcased an eight-week national hackathon that recently earned a Guinness World Record for the longest digital government transformation project. “We opened 28 real-world challenges to anyone—regardless of age or nationality—and were amazed by the creativity,” Al Subhi said. “COMEX is the perfect platform to reveal these solutions because it brings the private sector, public sector and international innovators together under one roof.” Among the ministry’s prototypes are a multiplayer online version of traditional Omani games, a sports-complex maintenance platform, and Melody, a new social network and credentialing system for musicians. “We offer partners a safe sandbox to pilot technology live, plus access to Middle Eastern culture and markets,” Al Subhi added. Palestinian Tech Gains Momentum First timers at COMEX, Technology for Youth and Jobs Project (TechStart) which aims to increase economic opportunities for IT service firms in the West Bank and Gaza, brought 18 pioneering Palestinian IT firms ranging from semiconductor innovators to cybersecurity specialists. “In just the first two days, three of our companies signed MOUs or contracts with partners here in Oman—something almost unheard of at exhibitions like these,” said Feras Nasr, who co-leads the initiative with Farah J Said. “Our goal is to help Palestinian IT companies build capacity, secure market access and attract investors,” Farah added. “We see strong future opportunities in Southeast Asia—in Malaysia, Singapore and Indonesia—where the interest in Palestinian technology and the openness to collaboration are very encouraging.” Looking Ahead Moving forward, Amr Baabood envisions COMEX continuing to grow in both scale and quality. “It’s about the value and results for everyone—whether they come to learn, network, invest or simply experience Oman’s hospitality,” he said. “Our goal is to drive the nation’s digital economy from 2 percent to 10 percent of GDP and position Oman as one of the world’s most advanced, connected nations.” Hashtag: #COMEX2025 The issuer is solely responsible for the content of this announcement.

Media OutReach

Beauty Amora AU Unveils Exclusive Spring Skincare Offers

SYDNEY, AUSTRALIA – Media OutReach Newswire – 18 September 2025 – Beauty Amora, a fast-growing e-commerce platform offering a diverse range of beauty products from leading Asian brands. This Spring, Beauty Amora is launching three exciting offers to help customers refresh their skincare routines: Spring Glow-Up Sale, medicube Gift with Purchase and New Member Registration Offer. Promotion: Spring Glow-Up Sale – 14% Off Use code [BUSGS] to enjoy 14% OFF for selected categories: Moisturizer & Cream, Essence & Serum, Sunscreen, Facial Cleanser and 10% OFF for other items. Featured product: Beauty of Joseon – Relief Sun : Rice + Probiotic SPF50+ PA++++ Focuses on those products with moisturizing, strengthen the skin barrier and hydration. This is a new promotion for Spring. Beauty Amora would like to provide you with some skincare products for Spring in Australia with a discount. The weather in spring is relatively drier, so moisturizing is very important to skincare products. Promotion: medicube – Gift with purchase Purchase any medicube skincare devices, that can receive a gift. Gift: Medicube – Collagen Night Wrapping Mask – 75ml *For Limited Time Only & All free gifts are subject to availability on a ‘whilst stocks last’ basis. The wrapping mask use together with the medicube skincare device, to maximize the skincare effectiveness when you are sleeping. Promotion: New Member Registration – 15% Off on the first shopping Here is the promote code of new member registration for enjoyment the 15% off [BUFIRST] Provides special offers to new members, which would hopefully let people have a trial of our products and our platform, to experience the convenience and pleasant online shopping in Beauty Amora. Skincare products and procedures should not be burdens; everyone has the right to keep their face and the best status of their body. That’s why Beauty Amora provides different kinds of promotions, for those who want to have a quality of skincare products, everyone should focus more on skin care. Hashtag: #BeautyAmora https://www.beautyamora.com.au/https://www.facebook.com/beautyamora.officialhttps://www.instagram.com/beautyamora.official/ The issuer is solely responsible for the content of this announcement. About Beauty Amora Beauty Amora is dedicated to spotlighting the trendiest products from Asia, Beauty Amora offers 300+ of quality skincare and beauty brands to customers at the most affordable price.

Property

Advancecon Secures RM67mil Contract At Ibrahim Technopolis

KUALA LUMPUR, Advancecon Holdings Bhd has clinched a RM66.9 million contract to carry out earthworks and related infrastructure works for the Southern Ibrahim Technopolis (IBTEC) project in Kulai, Johor. In a filing, the company said its wholly-owned subsidiary, Advancecon Infra Sdn Bhd, had received a letter of acceptance from JLG Technopark Sdn Bhd for Package 1 of Phase 1 of the massive township development. Advancecon Holdings Bhd has secured a RM66.9 million contract to undertake earthworks and ancillary works for Southern Ibrahim Technopolis (IBTEC) in Kulai, Johor. Spanning 2,950 hectares in Sedenak, IBTEC was designated in 2021 as the sixth flagship zone of Iskandar Malaysia. The development is positioned to become a model circular city within the Johor-Singapore Special Economic Zone, driving investment, digital infrastructure expansion and sustainable urban growth in southern Johor. “This contract strengthens our footprint in Johor while reinforcing our commitment to deliver infrastructure that supports long-term economic development, sustainability and regional connectivity,” said Advancecon group chief executive officer Datuk Phum Ang Kia. Advancecon noted that participation in IBTEC’s early-stage development underscores its ability to play a role in one of Malaysia’s most ambitious township and economic zone projects. The group added that it will continue to capitalise on its expertise in earthworks, quarry operations, construction and renewable energy to secure its position as a preferred partner in infrastructure and township development nationwide.

Property

AmBank To Finance Phase 1 Of Armani Hall KLCC Residences

KUALA LUMPUR, AmBank Group has announced that it will provide financing facilities to Armani Hallson KLCC Sdn Bhd, a subsidiary of Armani Group, to support the development of Phase 1 of the Armani Hall KLCC residential project in central Kuala Lumpur. AmBank’s managing director of business banking, Christopher Yap, said the collaboration reflects the bank’s commitment to financing transformative property developments that shape Malaysia’s urban landscape. “Armani Hallson KLCC is a landmark investment in Kuala Lumpur’s property market — a project that embodies scale, ambition, and long-term value creation. As a trusted financial partner, we are proud to support visionary developers in delivering assets that elevate both the economy and the real estate sector,” he said in a statement today. Armani Group’s executive chairman, Datuk Seri Bryan Wong, added that the partnership is a strong vote of confidence in the company’s vision of redefining luxury living in Kuala Lumpur’s Golden Triangle. “We are honoured to partner with AmBank on Armani Hallson KLCC. This collaboration reinforces our commitment to excellence and marks a key milestone in delivering a transformative development for discerning homeowners and investors,” Wong said. Since opening for registration in March 2025, the project has achieved a 70% take-up rate. With an estimated gross development value (GDV) of RM3 billion, Armani Hallson KLCC is the Armani Group’s most ambitious undertaking in Kuala Lumpur to date. Situated on a 1.06-hectare prime site along Jalan Ampang, the development will feature about 2,215 residential units designed with modern architecture, sustainable elements, and premium lifestyle offerings.

News

Resintech Secures Supply Deal In Vietnam

PETALING JAYA, Resintech Bhd has formalised a contract agreement with the Phnom Penh Water Supply Authority (PPWSA) for the supply and delivery of high-density polyethylene (HDPE) pipes and fittings, valued at approximately RM16.5 million. In its filing with Bursa Malaysia, the plastics pipes, water tanks and fittings manufacturer said the contract, which commenced on Sept 15, 2025, carries a tenure of five months. Under the agreement, Resintech will undertake the manufacturing, supply, and delivery of HDPE pipes and related fittings to support PPWSA’s water infrastructure projects. The company emphasised that the contract would not have any impact on its share capital or shareholding structure. However, it is expected to contribute positively to Resintech’s financial performance and strengthen its balance sheet. Specifically, the deal is anticipated to enhance the group’s earnings and net assets per share for the financial year ending March 31, 2026, and continue to have an effect until the contract’s completion. “Barring any unforeseen circumstances, the contract is projected to deliver a positive contribution to the company’s overall performance,” Resintech said in the filing. The company further noted that the agreement is in line with its ongoing efforts to broaden its presence in regional markets, underscoring its capability to support large-scale infrastructure and utility projects. Resintech also stated that it does not anticipate any exceptional risks arising from this agreement apart from the usual operational risks inherent in the execution and delivery of such contracts. The deal with PPWSA is seen as a strategic milestone that may pave the way for further collaborations in Cambodia and neighbouring markets, supporting Resintech’s long-term growth trajectory.

Investment & Market Trends

FGV Assures Strength Of UAE Joint Venture

PETALING JAYA, FGV Holdings Bhd has reiterated its full commitment to the FGV IFFCO Group joint venture, despite reports that its partner, the United Arab Emirates-based IFFCO Group, is considering a debt restructuring exercise worth at least US$1.5 billion. The FGV IFFCO Group — formerly known as Felda IFFCO — manufactures and markets a wide range of vegetable oil products, including cooking oils, fats, and derivatives, while also providing logistics services to support sales and distribution. “The JV companies operate independently with minimal exposure to IFFCO Group’s corporate restructuring exercise. All transactions are conducted under market-based commercial terms, with FGV representatives on the boards and management to ensure prudent governance,” FGV said in a statement yesterday. FGV said The JV companies operate independently with minimal exposure to IFFCO Group’s corporate exercise. The joint venture involves three FGV subsidiaries: FGV IFFCO Sdn Bhd, an oils and fats refinery in Port Klang; FGV IFFCO Trading Sdn Bhd, a trading unit in Kuala Lumpur; and FGV IFFCO France SA, a trading subsidiary in France. For the year-to-date period, the FGV IFFCO Group recorded a profit of RM49 million, underscoring the venture’s resilience and stable performance amid challenging market conditions. According to Bloomberg, IFFCO’s creditors are working with PwC on a potential restructuring, with Alvarez & Marsal acting as adviser. The report also noted that deliberations remain at an early stage and may not necessarily result in a deal. FGV stressed that the joint venture remains financially sound, resilient, and unaffected by the exercise. “This reflects the strength of the partnership, with both parties maintaining close engagement to safeguard business continuity. Market confidence remains intact as IFFCO’s brands and businesses continue to demonstrate stability,” it added. FGV group chief executive officer Fakhrunniam Othman said: “Our JV companies remain resilient and unaffected by this exercise. Supported by strong fundamentals and sound governance, they continue to deliver value to stakeholders and maintain market confidence. As a shareholder, FGV is fully committed to ensuring that the FGV IFFCO Group is managed with professionalism to deliver sustainable value.” Founded in 1975, IFFCO operates across about 50 countries with a diverse portfolio spanning food, packaging, chemicals, and logistics. Its brands include London Dairy ice cream, Tiffany biscuits, and the LDC Kitchen & Coffee chain. FGV also reaffirmed its own financial strength, highlighting its AA- credit rating as a reflection of institutional confidence in the group’s stability and outlook. “Above all, FGV wishes to reassure stakeholders that its joint venture with IFFCO remains solid, despite the ongoing developments,” the company said.

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