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News

Khazanah Reduces Stake In Farm Fresh, No Longer A Major Shareholder

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KUALA LUMPUR, Malaysia’s sovereign wealth fund Khazanah Nasional Bhd has reduced its stake in Farm Fresh Bhd, ceasing to be a substantial shareholder after selling 65 million shares. Its holding in the Johor-based dairy producer dropped from 6.49% to 3.02%, according to Farm Fresh’s filing with Bursa Malaysia on Thursday. The sale was executed via Khazanah’s wholly-owned unit, Agrifood Resources Holdings Sdn Bhd, though the transaction price was not disclosed. Khazanah first invested in Farm Fresh in 2011, acquiring a 30% stake in the then-named Holstein Milk Company Sdn Bhd as part of its strategy to boost Malaysia’s food security and dairy self-sufficiency. Farm Fresh went public in 2022, raising around RM1 billion in one of the year’s largest IPOs, valuing the company at RM2.5 billion. Since the listing, Khazanah has gradually reduced its holdings through open-market disposals. In 2025 alone, it sold 42.5 million shares in June, lowering its stake from 11.8% to 9.42%, and another 55 million shares in July. The latest sale leaves Khazanah with just 3.02%, below the 5% threshold to be considered a substantial shareholder. Farm Fresh’s largest shareholder remains its group managing director and CEO Loi Tuan Ee, who, via Rainforest Capital Sdn Bhd and Farmchoice Foods Sdn Bhd, holds 28.99% and 11.14% of the company, respectively. Other institutional investors include Abrdn Malaysia Sdn Bhd with 10.97% and the Employees Provident Fund (EPF) with 9.69%. Farm Fresh shares have risen over 10% year-to-date, closing three sen or 1.46% lower at RM2.02 on Thursday, giving the company a market valuation of RM3.69 billion.

Investment & Market Trends

DigitalBridge’s Vantage Eyes US$1.6 Bil Acquisition Of Yondr’s Johor Data Centre Campus

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Vantage Data Centers is in talks to acquire Yondr Group’s Malaysian assets, including its data centre campus in Johor, in a deal valued at about US$1.6 billion (RM6.76 billion), sources told Bloomberg. The potential acquisition would streamline the portfolio of their joint backer, DigitalBridge Group Inc, while strengthening its footprint in the Asia-Pacific region. Sovereign wealth fund Abu Dhabi Investment Authority (ADIA), a co-investor, is also expected to participate. Discussions are still ongoing, and details such as valuation may change. Representatives for DigitalBridge, Vantage, Yondr and ADIA declined to comment. Yondr, co-owned by DigitalBridge and La Caisse, operates independently within DigitalBridge’s portfolio. Vantage, meanwhile, provides data centre services for cloud providers, artificial intelligence (AI) and technology firms, with operations across Singapore, Malaysia, Australia, Hong Kong, Japan and Taiwan. DigitalBridge and Vantage already share close ties. Last year, DigitalBridge and Silver Lake Management led a US$6.4 billion equity injection into Vantage, following a €1.5 billion (RM7.38 billion) investment from AustralianSuper for its Europe, Middle East and Africa business. The surge in AI and data-driven technologies is fuelling global data centre investments. In July, Stonepeak Partners pledged US$1.3 billion to Princeton Digital Group for its Asia-Pacific expansion. Similarly, Bain Capital-owned Chindata Group’s China operations have attracted local bidders in a potential 30 billion yuan (RM17.75 billion) deal. In August, Bloomberg reported that DigitalBridge was weighing a stake sale in Vantage’s Asia-Pacific business worth up to US$1 billion and had previously explored selling its Hong Kong assets for as much as US$500 million.

Property

Gamuda To Redevelop Taylor’s SS15 Campus Into RM500m Project

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KUALA LUMPUR, Gamuda Bhd has announced a partnership with Taylor’s Education Group to redevelop its SS15 campus in Subang Jaya into a RM500 million mixed-use project. In a statement on Thursday, Gamuda said the project will feature serviced apartments, purpose-built student accommodation (PBSA), and retail spaces, with completion targeted for November 2029. Located just 500m from the SS15 LRT station, the site offers easy access to Subang Medical Centre, Sunway Pyramid, Subang Parade, NU Empire, as well as major roads and highways including the NPE and Subang-Kelana Jaya Bypass. The redevelopment will add 401 bedrooms to Taylor’s PBSA portfolio, in line with rising demand for student housing. Taylor’s executive chairman Datuk Loy Teik Ngan said the SS15 site has long been a landmark for the group, and the redevelopment represents a bold step in reimagining its role. Gamuda Land chief executive officer Chu Wai Lune added that while the company continues to focus on township developments, urban regeneration projects like SS15 allow it to enhance mature neighbourhoods through better design and connectivity. Taylor’s Assets, the group’s property investment and asset management arm, will retain ownership of the PBSA while working with Gamuda on the project.

Investment & Market Trends

PM Anwar Urges Geely To Boost Investment In AHTV Project

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TANJONG MALIM, Prime Minister Datuk Seri Anwar Ibrahim has urged Chinese automotive giant Zhejiang Geely Holding Group Co Ltd (Geely) to scale up its investment in the Automotive Hi-Tech Valley (AHTV), positioning the site as a key hub in the regional automotive supply chain. Anwar, who also serves as Finance Minister, said AHTV’s growth is being driven by national carmaker Proton Holdings Bhd’s substantial investment. “We want AHTV to be a major centre for Geely. I told its chairman Li Shufu that beyond car manufacturing, Geely should also set up a centre of excellence for training and education here,” he said during the launch of Proton’s new electric vehicle (EV) plant. The ceremony was also attended by Perak Menteri Besar Datuk Seri Saarani Mohamad, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, and Transport Minister Anthony Loke. Anwar emphasised the importance of collaboration between the state government and relevant ministries to ensure the success of AHTV-related projects. He added that Proton’s EV factory will help lower production costs, enabling the company to offer affordable EVs suited to middle-income buyers. “These vehicles will also cater to lower-income groups seeking cars with better features at lower prices,” he said. The Prime Minister noted that Proton’s expansion would strengthen its international presence, highlighting Egypt as an example. “In Beijing, Egyptian Prime Minister Mostafa Madbouly praised Proton Egypt’s performance, where the brand has become a popular choice among consumers,” Anwar said. He revealed that discussions are underway for Proton to expand into South Africa and Brazil, with both nations’ leaders — President Luiz Inacio Lula da Silva of Brazil and President Cyril Ramaphosa of South Africa — expected to attend the 47th ASEAN Summit in October. “I have asked Proton to showcase its technology and capabilities during the summit so foreign leaders and delegations can see firsthand the brand’s strengths, opening doors to more export markets,” Anwar added.

Media OutReach

Jackson Wang MAGICMAN 2 WORLD TOUR 2025-2026 in Macau Presented by Galaxy Macau™ heads to Galaxy Arena

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Reinforcing Macau’s “City of Performances” status and highlighting Galaxy Macau’s captivating attractiveness as Asia’s most dynamic entertainment hub for international visitors MACAU SAR – Media OutReach Newswire – 5 September 2025 – Galaxy Macau™ Integrated Resort (hereinafter “Galaxy Macau”) is proud to present the Macau stop of global superstar Jackson Wang’s MAGICMAN 2 WORLD TOUR 2025-2026 at the esteemed Galaxy Arena on October 11 and 12, 2025 showcasing the threshold for international stars in Macau, while fostering Macau as the World Tourism and Leisure Centre and accentuating the SAR’s attractiveness to an international clientele. Tickets for MAGICMAN 2 WORLD TOUR 2025-2026 are set to go on sale at 5pm, September 9. MAGICMAN 2 WORLD TOUR 2025-2026 in Macau Presented by Galaxy Macau™ will see global superstar Jackson Wang taking the stage at Macau’s largest indoor arena, Galaxy Arena, on October 11 and 12 for two electrifying live shows. Ticket sales will go live from 5pm on September 9 at Galaxy Ticketing, Damai and Fantopia. The tour is named after Jackson’s latest album, MAGICMAN 2, released in July, which made a record-breaking debut by landing at No. 13 on the Billboard 200 in its first week – an impressive feat that underscores both the artist’s global influence and the album’s widespread acclaim. Even more notably, this achievement marks a personal milestone for Jackson: MAGICMAN 2 charted two spots higher than its predecessor, MAGICMAN, making him the first Chinese artist to have an unprecedented two consecutive albums reach the Billboard 200 Top 15. Jackson describes MAGICMAN 2 as a deeply introspective journey – an exploration of emotions shaped by reality, society, human connections, and personal relationships. Fans attending the Galaxy Arena shows can expect powerful live renditions of his latest tracks, alongside iconic hits from his earlier releases. Fans attending the MAGICMAN 2 World Tour shows at Galaxy Arena can expect to see powerful live renditions of Jackson Wang’s latest tracks, alongside iconic hits from his earlier releases. *Images are from JACKSON WANG MAGIC MAN WORLD TOUR 2023 MACAU. Following the overwhelming success of Jackson’s 2023 performances at Galaxy Arena, for his upcoming shows the anticipation is building, and they are expected to shopwcase even more spectacular showmanship. With enhanced production, fresh creative direction, and Jackson’s evolving artistry, these new performances promise to deliver unforgettable moments to the audiences at Galaxy Arena, pushing the boundaries of live entertainment. MAGICMAN 2 WORLD TOUR 2025-2026 in Macau Presented by Galaxy Macau™ Date 8pm, October 11, 2025 6pm, October 12, 2025 Venue Galaxy Arena Ticket prices MOP: Magic 1 Package $3,888 Magic 2 Package $3,188 Standing $2,599 Platinum Seated $2,199 CAT 1 $1,899 CAT 2 $1,599 CAT 3 $999 CAT 4 $799 *Actual transaction currency determined by relevant platforms Ticket sales opening date From 5 pm, September 9, 2025 (Tuesday) Ticketing channels Galaxy Ticketing, Damai, Fantopia One of the largest indoor arenas in Asia, Galaxy Arena is a world-class venue popular with A-list performances for its standout services and facilities. Hashtag: #GalaxyMacau The issuer is solely responsible for the content of this announcement. About Galaxy Macau Integrated Resort Galaxy Macau™, The World-class Luxury Integrated Resort delivers the “Most Spectacular Entertainment and Leisure Destination in the World”. Developed at an investment of HK$43 billion, the property covers 1.1 million square meters of unique entertainment and leisure attractions that are unlike anything else in Macau. Eight award-winning world-class luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel™, Hotel Okura Macau, JW Marriott Hotel Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau, Andaz Macau. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world’s longest Skytop Adventure Rapids at 575-meters, the largest Skytop Wave Pool with waves up to 1.5-meters high and 150-meters pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz- Carlton Spa, Macau help guests relax and rejuvenate. As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies. Embark on a delightful and rewarding journey at Galaxy Promenade, the one-stop shopping destination boasting some of the world’s most iconic luxury brands. Be the first to get the latest limited-edition items; explore fascinating pop-ups by coveted labels and revel in fabulous shopping rewards and privileges. Our VIPs are entitled to a highly-curated experience with dedicated personal shoppers at guests’ service, and be invited to exclusive luxury brand events. A different caliber of privileges and rewards also await. Discover the joys of fashion and stand at the forefront of style and sophistication—Galaxy Promenade has everything guests need to stay ahead of the style game. Galaxy Cinemas takes immersive movie experiences to the next level with the latest audio-visual technology, ultra-luxurious facilities and bespoke services; CHINA ROUGE, one-of-a-kind deluxe lounge that evokes the glitz and glamor of Shanghai’s golden era with entertainment in luxury and style; and Foot Hub presents the traditional art of reflexology to make you feel more relaxed and revitalized. For Authentic Macau Flavors & Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 Authentic Macau & Asian Flavors at its Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events. Meeting, incentive and banquet groups are also well looked after with a portfolio of unique venues in Galaxy Macau and a professional service staff. Galaxy International Convention Center (GICC) is the latest addition to the Group’s ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world- class event venue featuring 40,000-square-meter of total flexible MICE, and a 16,000-seat Galaxy Arena – the largest indoor arena in Macau. For more details, please visit www.galaxymacau.com, www.broadwaymacau.com.mo and www.galaxyicc.com.

Media OutReach

PITAKA Unveils New iPhone 17 Aramid Fiber Accessories and Innovative PitaTap™ Technology at IFA 2025

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BERLIN, GERMANY – Media OutReach Newswire – 5 September 2025 – At IFA 2025, global premium mobile accessory brand PITAKA debuts its all-new iPhone 17 aramid fiber case series, showcasing cutting-edge material engineering, innovative functionality, and sustainable design. This year, PITAKA introduces a fully upgraded aramid fiber weaving process, Fusion Weave – LightRipple, along with the world’s first application of its proprietary PitaTap™ technology on the Camera Control Button. This innovation maintains the ultra-thin, lightweight feel and exceptional touch sensitivity PITAKA is known for, while the use of seamless molding technology eliminates any post-assembly marks or rough textures—offering an unparalleled visual and tactile experience. Thanks to these groundbreaking advancements, PITAKA has been honored with two Innovation Awards at IFA, reaffirming its leadership in the smart accessories. iPhone 17 Aramid Fiber Case: Innovation Meets Design Crafted with aerospace-grade aramid fiber and PITAKA’s Fusion Weave – LightRipple technology, the new case combines ultra-lightweight durability with a striking rhombic pattern that evokes dynamic, nature-inspired visuals. Fusion Weave – LightRipple offers unprecedented precision in guiding each fiber, making it PITAKA’s most advanced and technically sophisticated weaving process. The case also features scratch-resistant materials, long-lasting performance, and eco-friendly packaging, delivering both style and sustainability. PitaTap™: Smart Touch, Seamless Control The Ultra-Slim Case features the world’s first PitaTap™ capacitive button, seamlessly embedded beneath the aramid fiber shell. Leveraging iPhone’s capacitive sensing, it enables fast, precise touch and swipe functions—such as quick camera activation—while preserving the ultra-thin profile and the case’s signature aramid texture with highly responsive tactile performance. Global Debut at IFA 2025: See PitaTap™ in Action Attendees can experience the new iPhone 17 series and PitaTap™ technology hands-on. Leading tech outlets and influencers will also provide exclusive coverage of PITAKA’s Innovation Award-winning products. Visit PITAKA at Hall 7.2B, Booth 133, from September 5–9, 10:00 AM–6:00 PM. Hashtag: #PITAKA The issuer is solely responsible for the content of this announcement. About PITAKA PITAKA, a lifestyle brand dedicated to material innovation and humanistic values, connects cutting-edge materials and manufacturing techniques with everyday products, bridging them with the worlds of fashion, design, culture, and creativity. In ancient Sanskrit, PITAKA meant “basket,” symbolizing diversity, inclusiveness, wisdom, and sharing. Our goal is to create intelligent everyday essentials that embrace diverse modern lifestyles, inspire simplicity, and deliver fluid, engaging, and sustainable aesthetics to those who value minimalism and inner fulfillment. Carry lighter. Live now. High-performance accessories designed for thinkers who move.

News

GE Aerospace To Invest US$75m In Expanding Engine Repair In Asia-Pacific

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KUALA LUMPUR, GE Aerospace will invest US$75 million (RM316 million) by the end of 2025 to upgrade its maintenance, repair and overhaul (MRO) and component repair facilities in the Asia-Pacific (APAC) region. The investment will go into building new engine test cells, installing advanced equipment, and adopting new technologies such as AI-enabled inspection systems. These upgrades aim to cut turnaround times for customers and boost repair capacity at GE Aerospace’s MRO sites. The company said the move supports the rising demand for services in the APAC aviation market, building on a US$45 million investment made last year. A large part of the new investment will focus on major projects in Singapore and Malaysia, particularly at GE’s flagship Asian hub, which specialises in CFM56 and CFM Leap engines. In Malaysia, the plan includes expanding MRO capacity for CFM56 and CFM Leap engines, with Leap engine shop visits set to double within three years. The facilities will also feature a new engine test centre for Leap 1A and 1B engines, advanced systems meeting top safety and quality standards, and additional equipment to cater to growing demand. GE Aerospace added that training and upskilling programmes will be introduced for employees, along with measures to enhance carbon efficiency in its operations. The company currently supports over 49,000 commercial aircraft engines worldwide, including 3,800 in APAC, and employs more than 2,700 people across the region.

News

AmBank Backs E&O’s Andaman Island Project With RM780m Loan Facility

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KUALA LUMPUR, AmBank Group has committed RM780 million in financing to Tanjung Pinang Development Sdn Bhd (TPD), a subsidiary of Eastern & Oriental Bhd (E&O), to support its flagship Andaman Island project. In a joint statement on Wednesday, E&O and AmBank said the facility will fund the second phase of land reclamation and infrastructure works. Covering 230.67 hectares, Phase 2 forms part of Andaman Island’s total area of 307.56 hectares and is scheduled for completion by 2028. E&O managing director Kok Tuck Cheong said the estimated cost of reclamation works for Phase 2 stands at RM4 billion.“We are finalising the master plan for Phase 2 while maintaining focus on Phase 1. That said, we may advance both phases concurrently. To date, we have launched six projects under Phase 1, with a combined GDV of RM3 billion, including waterfront developments, landed homes, and condominiums,” he told reporters after the signing ceremony between AmBank and TPD. As development progresses, Kok noted that plans also include a commercial belt featuring a shopping mall, offices, serviced apartments, educational institutions, branded residences, and a luxury hotel. He added that AmBank’s financing will help accelerate reclamation and infrastructure delivery, supporting timely development milestones. The Andaman Island project is a 30-year master plan with a gross development value of RM70 billion. “With its scale, careful planning, and sustainability focus, Andaman is set to redefine island living in Penang while positioning itself as an international destination that attracts investors, residents, and visitors alike. Our goal is to build a future-ready island city that harmonises progress with nature and community, leaving a lasting legacy,” Kok said.

Investment & Market Trends

WTK To Acquire Three Firms In RM555 Million Oil Palm Expansion Drive

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KUALA LUMPUR, WTK Holdings Bhd, together with its wholly-owned subsidiary BioPalm Venture Sdn Bhd, has announced plans to acquire three companies in deals worth a combined RM555 million. In a filing with Bursa Malaysia, WTK said the proposed acquisitions are part of its strategy to strengthen its footprint in the oil palm sector in Sarawak, covering upstream plantation activities as well as palm oil milling operations. The first deal, with WTK Realty, involves the purchase of seven million ordinary shares in Desacorp Sdn Bhd — representing 100% equity interest — for RM230 million. The second transaction, through BioPalm Venture and WTK Realty, will see the acquisition of 14 million shares in Imbok Enterprise Sdn Bhd, equivalent to a 70% stake, for RM290 million. Meanwhile, the third proposal involves BioPalm Venture and WTK Realty acquiring 3.5 million shares in WTK Oil Mill Sdn Bhd, also representing a 70% equity interest, for RM35 million. Upon completion, Desacorp will become a wholly-owned subsidiary of WTK, while Imbok Enterprise and WTK Oil Mills will be 70%-owned subsidiaries of BioPalm Venture. WTK said the acquisitions will boost the group’s financial strength, as the subsidiaries’ results will be consolidated into the group’s accounts in line with Malaysian Financial Reporting Standards. This is expected to enhance WTK’s asset base, revenue streams, profitability, cash flow, and long-term earnings visibility. “Given the robust global demand for palm oil, the group remains optimistic about the plantation division’s ability to deliver sustainable growth and profitability in the coming years,” it said. The acquisitions are targeted for completion by the first quarter of 2026.

ESG

RM300 Million Sukuk Wakalah Debut By PBA Holdings Unit

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KUALA LUMPUR, PBA Holdings Bhd’s subsidiary, Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP), has successfully raised RM300 million through its inaugural sustainability sukuk wakalah issuance under its sukuk wakalah programme. In a filing with Bursa Malaysia, PBAPP said the issuance was divided into two equal tranches of RM150 million each. Tranche 1 carries a periodic distribution rate of 3.57% per annum, payable semi-annually, with a 10-year tenure maturing on Sept 4, 2035, while Tranche 2 offers a 3.75% rate per annum with a 15-year tenure maturing on Sept 4, 2040. Proceeds from the sukuk will be channelled towards financing projects under the Water Contingency Plan 2030, alongside other capital and operating expenditures. These initiatives fall under PBAPP’s sustainability framework, classified as eligible green projects in sustainable water and wastewater management, as well as eligible social projects in affordable basic infrastructure. The sukuk wakalah programme has received a top-tier AAA credit rating from RAM Rating Services Bhd.

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