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Media OutReach

IVD Medical Holding Limited and ETHK Group Establish Joint Venture, On-Chain Financial Strategy Upgraded On September 14

NEW YORK, US – Media OutReach Newswire – 14 September 2025 – IVD Medical Holding Limited (01931.HK) released an announcement stating its collaboration with ETHK Group, a global on-chain financial ecosystem investment holding group, to jointly establish two new companies, ETHK Inc and ETHK HOLDINGS LIMITED. ETHK Group focuses on building a global on-chain financial ecosystem, and its global perspective and ecosystem resources will provide critical support for the joint venture’s initial development. This collaboration is a strategic upgrade of IVD Medical Holding Limited’s “building RWA platform technology ecosystem” and “exploring on-chain finance” initiatives. It marks a leap from focusing on RWA trading technology to covering the entire on-chain financial ecosystem, including underlying technology, asset classes, and global compliance, with the potential to seize the global trend of digitalizing financial assets and open up a new growth curve. Hashtag: #IVDMedical The issuer is solely responsible for the content of this announcement.

Media OutReach

China Telecom Global Showcases at the 10th Belt and Road Summit, Paving the Way for a Smarter Silk Road Future

HONG KONG SAR – Media OutReach Newswire – 13 September 2025 – The 10th Belt and Road Summit was successfully held at the Hong Kong Convention and Exhibition Centre from September 10 to 11, 2025. China Telecom Global Limited (hereinafter referred to as “China Telecom Global”) made a strong appearance under the theme “Empowering the New Silk Road via AI for Good.” The company spotlighted three key areas—its OneGrowth Global Partnership Program, AI global capabilities, and AI applications. Through flagship case studies, interactive showcases, and live demonstrations, China Telecom systematically presented its cloud-network-intelligence infrastructure and AI innovations along the Belt and Road. This highlighted its comprehensive strength and firm commitment to driving regional cooperation and development through digital technologies. On the opening day, Ms. Wu Ting, Director of AI Business at China Telecom Global, delivered a keynote speech titled “A Smarter Silk Road Future: China Telecom Global’s Global AI Capability Blueprint.” Her presentation provided an in-depth overview of China Telecom’s AI framework and capabilities, unveiling a series of innovative achievements and practical applications. These included cutting-edge solutions such as the OneTouch AI Training-Inference Integrated Machine, the AIGC Security Protection System, and the Xingchen Intelligent Agent Platform. Together, these offerings underscored the company’s leadership in AI research, development, and industrial applications. Drawing on multiple real-world cases, Ms. Wu also shared how China Telecom leverages its strengths in building international digital infrastructure and delivering intelligent solutions that empower enterprises to expand globally. At this year’s exhibition, China Telecom Global showcased multiple interactive highlights centered around its OneGrowth Global Partnership Program and AI global capabilities, offering a comprehensive presentation of its strengths in “AI+” technologies and ecosystem collaboration. AI Empowerment, Joint Innovation, Global Cooperation for a New Digital Ecosystem Within the OneGrowth Global Partnership Program segment, China Telecom Global highlighted the three major ecosystem directions introduced in June 2025 under the program. Guided by its four core principles—co-creation, co-sharing, co-governance, and win-win collaboration—the company outlined three focus areas: “AI + Digital Intelligence Enablement,” “AI + Ubiquitous Mobility,” and “AI + Innovative Services.” AI + Digital Intelligence Enablement: Establishing a global intelligent computing scheduling platform that integrates intelligent and general computing services, while jointly developing scenario-based digital intelligence enablement platforms with partners. AI + Ubiquitous Mobility: Leveraging its multidimensional communications network—spanning land, sea, air, and space—for ubiquitous connectivity, the company is working with global partners in key areas such as 5G, satellite communications, and the Internet of Vehicles. AI + Innovative Services: Showcasing ecosystem collaboration in visual networking through the Tianyi International Visual Networking Platform, a cross-border platform that integrates capabilities across AI algorithms, devices, cloud services, and applications. This provides customers with one-stop services tailored to diverse business needs. In the AI Global Capabilities segment, China Telecom Global not only showcased its global digital infrastructure—including a resource network of 53 submarine cables, 251 international points of presence, and 15 overseas intelligent computing centers—but also emphasized the capabilities of its two flagship computing hubs: the Tseung Kwan O Intelligent Computing Center in Hong Kong and the Jakarta Intelligent Computing Center in Indonesia. These highlighted the company’s core strengths in strengthening the foundation of the “Digital Silk Road” and enabling regional enterprise transformation. China Telecom Global also presented a portfolio of AI solutions and benchmark cases, such as 5GC scenario applications and low-altitude economy service systems. Real-world examples—including Chinese automotive manufacturers expanding into Europe and global operations by gaming companies—demonstrated the company’s tangible achievements along the Belt and Road, underscoring its leadership in driving industry digitalization and supporting enterprises in going global. Meanwhile, the AI interactive experience and showcase area attracted strong engagement, featuring projects such as AI-powered Opera Face-Changing, 5GC Robotic Dogs, and the Tianshu Drone. These interactive demonstrations vividly combined traditional culture with cutting-edge technologies, reflecting China Telecom Global’s innovative expertise across 5G, artificial intelligence, IoT, and the emerging low-altitude economy, while drawing enthusiastic participation from attendees. During the exhibition, China Telecom Global engaged in in-depth discussions with customers and partners from around the world to explore new opportunities for digital economy development under the Belt and Road Initiative. Looking ahead, the company will continue to leverage its advantages in cloud-network resources, AI technologies, and global service capabilities to deliver efficient and reliable digital solutions, advancing the construction of the Digital Silk Road to new heights. Through its participation in the summit, China Telecom Global demonstrated its strong capabilities in resource integration, technological innovation, and ecosystem collaboration as a world-class provider of digital intelligence services—reinforcing its unwavering commitment to empowering high-quality Belt and Road development through technological innovation and building a smarter future together. Hashtag: #ChinaTelecomGlobal The issuer is solely responsible for the content of this announcement.

Media OutReach

Coastline Wealth Management’s Garrett Taylor Named a Top New York Best-in-State Wealth Advisor

LONG ISLAND, US – Media OutReach Newswire – 13 September 2025 – Garrett Taylor, CRPC®, Founder and Managing Partner of Coastline Wealth Management, has earned a place on Forbes’ 2025 Best-in-State Wealth Advisors list, ranking #40 in New York. He was named one of Long Island Business News’ Most Influential Long Islanders in Banking and Finance. These two recognitions reflect Garrett’s consistent track record of helping clients and advisors grow with purpose. The Long Island Business News feature, published on April 18, outlines Garrett’s leadership and the positive impact he’s had across the financial space. Garrett started Coastline Wealth Management in 2012. Since then, the firm has grown to manage over $4.2 billion in assets and now supports more than 7,000 client accounts. This growth has come from steady momentum and several business acquisitions. Today, Coastline works with advisors to help them shift their practices with care and confidence. Garrett has received several honors in the past, including recognition on Forbes’ Next-Gen Advisor lists and InvestmentNews’ 40 Under 40. He’s also been featured in earlier Long Island Business News awards for leadership. Beyond his work, he supports Make-A-Wish of Suffolk County and co-founded the Long Island chapter of the Entrepreneur Organization (EO). Hashtag: #CoastlineWealthManagement The issuer is solely responsible for the content of this announcement. Coastline Wealth Management Coastline Wealth Management, founded in 2012, is a Long Island, NY-based independent wealth management platform with over $4.2 billion of assets under management/advisement. Coastline services over 7,000 client accounts primarily across the East Coast of the United States. The Company, whose core focus is servicing its client base, has grown by a series of acquisitions as it continues to build its industry-leading, technology-enabled platform. Coastline continues to be a leading consolidator in the wealth management industry and is actively pursuing additional wealth advisor acquisitions (~$50MM to $500MM in assets) as part of its core growth story. By focusing on maximizing the value of advisory practices, Coastline empowers advisors to create sustainable, long-term strategies for transitioning their businesses, ensuring both financial stability and continuity for their clients. Its expertise in navigating the complexities of succession planning enables advisors to secure their legacy while optimizing growth potential, ultimately fostering a seamless transition that benefits all stakeholders involved.

News

SunCon Sells District Cooling JV To Sunway Facilities Unit In Group Restructuring

KUALA LUMPUR, Sunway Construction Group Bhd (KL:SUNCON) is selling its entire 40% stake in Engie-Sunway DCS Sdn Bhd to Sunway Bhd’s facilities management subsidiary, Sunway Property & Facility Management Sdn Bhd (SPFM), for RM10.98 million in cash. The transaction, part of an intra-group restructuring exercise, will allow SunCon to streamline its operations and focus on its core construction and related services, the company said in a Bursa Malaysia filing on Friday. Sunway, in a separate filing, said the acquisition will strengthen SPFM’s recurring income base by bringing the district cooling project under its portfolio. SunCon highlighted that the divestment — carried out at cost — is a strategic move to reallocate resources to areas where the group has stronger competitive advantages. SPFM, a wholly owned subsidiary of Sunway City Sdn Bhd, said the purchase is aligned with its long-term expansion strategy and will enhance service efficiency within its facilities management business. Engie-Sunway is currently held by ECM Cooling Sdn Bhd (60%) and Sunway SK Sdn Bhd (40%), an indirect subsidiary of SunCon. Its core activities include the engineering, financing, construction, operation, and maintenance of district cooling systems for Sunway’s South Quay Commercial Precinct 2. Sunway holds a 53.5% stake in SunCon through Sunway Holdings Sdn Bhd. The disposal is not expected to materially impact SunCon’s earnings for the financial year ending Dec 31, 2025. Proceeds will be used to support its general working capital needs. The deal is expected to be completed by the fourth quarter of 2025. On Friday, SunCon shares closed 10 sen or 1.55% lower at RM6.36, valuing the group at RM8.38 billion. Sunway’s stock rose two sen or 0.38% to RM5.31, with a market capitalisation of RM33.3 billion.

Investment & Market Trends

Sunway Unit Kicks Off RM2b Bond Issuance For Johor Development

KUALA LUMPUR, Sunway Bhd’s wholly-owned subsidiary, Sunway Iskandar Development Sdn Bhd (SIDSB), has established a perpetual medium-term note (MTN) programme of up to RM2 billion to finance its flagship Johor township, Sunway City Iskandar Puteri (SCIP). SIDSB, which is spearheading the development of a 1,300-acre mixed-use project in Pendas, lodged the MTN programme with the Securities Commission Malaysia. The framework allows the company to issue bonds worth up to RM2 billion in tranches, including “green” or sustainability-linked notes aligned with global standards. Alliance Bank Malaysia Bhd has been appointed as the principal adviser, lead arranger, lead manager, and facility agent. While the MTN programme itself is unrated, individual issuances may be rated at a later stage. Proceeds will be channelled into development expenditure, working capital, and other corporate requirements. SCIP spans 2,000 acres with a projected gross development value exceeding RM30 billion, to be completed over 20–30 years. The township integrates logistics, education, hospitality, retail, commercial, and residential components, anchored by its two key precincts—Riverside and Capital. Notably, SCIP is Johor’s only township to secure a provisional silver rating under the Green Building Index. Sunway secured full ownership of SIDSB in August 2023 after acquiring the remaining 40% stake from Iskandar Assets Sdn Bhd for RM85 million, cementing its commitment to making SCIP its next flagship township. On Friday, Sunway shares closed two sen higher at RM5.31, valuing the group at RM33.3 billion.

Property

Maxim Global Acquires Jalan Klang Lama Office Tower For RM29.5m

KUALA LUMPUR, Maxim Global Bhd has announced plans to acquire a nine-storey office tower on Jalan Klang Lama for RM29.5 million, which will serve as the property developer’s new corporate headquarters. The company said it signed a sale and purchase agreement with Magna Tiara Development Sdn Bhd to buy the building — Southbank Block 6 — which spans 4,039 sq m at RM678.55 per sq ft. According to Maxim Global, the acquisition will enhance its corporate image and branding by establishing a stronger presence in a prominent location. The new headquarters is also expected to provide a more conducive working environment, improving staff satisfaction and retention, while supporting the group’s long-term growth strategy. The purchase will be financed through a mix of internal funds and bank borrowings, with the final structure determined by gearing, interest costs, and available cash flow. As of June 30, Maxim Global held RM137.2 million in cash and cash equivalents against borrowings of RM294.9 million. The transaction is targeted for completion within four months. On Friday, Maxim Global’s shares closed one sen or 2.6% lower at 38 sen, giving the company a market capitalisation of RM279.4 million. Year-to-date, the counter has risen more than 26%.

Property

PBA Subsidiary Cleared To Sell Penang Land For RM20m

GEORGE TOWN, A subsidiary of PBA Holdings Bhd (PBAHB), the parent company of Penang Water Supply Corporation (PBAPP), has received state approval to alienate a parcel of land in Penang valued at RM20 million. In a filing with Bursa Malaysia, PBAHB said its wholly owned unit obtained the green light from the Penang state authorities to proceed with the transaction, which involves the transfer of land rights for development purposes. The approval is part of the group’s strategic asset management plan, enabling it to unlock value from non-core assets while focusing on its primary mandate of ensuring sustainable water supply services in Penang. “The alienation of this land is expected to generate RM20 million in proceeds, which will further strengthen the company’s financial position and support our operational and capital expenditure commitments,” PBAHB said. The company added that the exercise will not have any adverse effect on its water operations and will be carried out in compliance with all state requirements. Analysts noted that the move comes at a time when PBAHB is seeking additional resources to finance upcoming infrastructure projects, including initiatives to enhance water supply resilience amid rising demand in Penang. The land transfer is expected to be completed once all regulatory procedures are finalised.

Investment & Market Trends

Sakura Ferroalloys Commits RM487.5m To Project Salamander Sinter Plant

KUALA LUMPUR, Sakura Ferroalloys Sdn Bhd has announced a RM487.5 million investment to build a new sinter plant under its latest expansion initiative, Project Salamander. The project, aimed at strengthening the company’s production efficiency and competitiveness, will support the company’s long-term growth strategy in the ferroalloys industry. According to Sakura, the sinter plant will play a crucial role in optimising raw material usage, reducing overall production costs, and improving sustainability outcomes in line with global environmental standards. “Project Salamander marks a significant milestone in our journey to enhance operational capabilities and to future-proof our business,” the company said in a statement. The investment reflects confidence in Malaysia’s industrial ecosystem and is expected to generate new opportunities within the supply chain. Once operational, the plant is projected to create high-value employment and reinforce Sakura’s position as a leading ferroalloys producer in the region. Industry observers noted that this development comes amid increasing demand for ferroalloys driven by the global steel sector, and Sakura’s move is seen as a timely response to evolving market trends. The sinter plant, expected to be completed within the next few years, will also contribute to the company’s ongoing efforts to integrate more sustainable practices into its operations.

News

Vantris Energy Clarifies: Not Under MACC Investigation

KUALA LUMPUR, Vantris Energy Bhd, formerly known as Sapura Energy Bhd, clarified that it is not under investigation by the Malaysian Anti-Corruption Commission (MACC) and has not received any notification of allegations involving the company, its directors, or current officers. The clarification follows MACC’s recent announcement on the planned forfeiture of funds allegedly misused by an undisclosed party in 2018, linked to the group. “We wish to assure our clients, partners and stakeholders that our operations, finances, and access to assets and bank accounts remain unaffected,” the company said in a filing with Bursa Malaysia today. Vantris Energy added that it has cooperated with MACC in the past and will continue to provide any assistance required by the authorities. The company emphasised its strict anti-bribery and anti-corruption policies, supported by internal controls to mitigate risks. “As a listed entity, we remain committed to the highest standards of governance, transparency and integrity across the organisation,” it said. On Tuesday, MACC announced plans to recover RM12 million believed to be linked to two cases involving Sapura Energy. MACC chief commissioner Tan Sri Azam Baki said the recovery, approved by the deputy public prosecutor, will proceed accordingly.

News

Ecoscience Subsidiary Wins RM40m Palm Oil Refinery Project

KUALA LUMPUR, Ecoscience International Bhd (EIB) announced that its wholly owned subsidiary, Ecoscience Manufacturing and Engineering Sdn Bhd, has clinched a RM40 million contract to design, construct and install a palm oil and fat refinery plant in Johor. In a filing with Bursa Malaysia, the group said it received a letter of award from an established oil process engineering company for the project. The scope of work includes the construction of buildings and supporting infrastructure as well as the installation of plant equipment and systems for the proposed refinery. The contract, valued at RM40 million, is scheduled to be completed by July 1, 2026. EIB noted that the award is expected to boost the company’s earnings over the project period, though it will not have any material effect on the group’s share capital or the interests of substantial shareholders. The company added that the project reinforces its position as a key solutions provider in the palm oil downstream sector, highlighting its expertise in delivering large-scale engineering, procurement, construction and commissioning (EPCC) projects for the industry.

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