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AMMB Holdings Bhd is acquiring its corporate headquarters, Menara AmBank on Jalan Yap Kwan Seng, for RM331 million in cash through a related-party transaction, a move aimed at securing its long-term office requirements and reducing future rental costs. In a filing with Bursa Malaysia, the banking group said its wholly owned subsidiary, AmBank (M) Bhd, has entered into a sale and purchase agreement with Maybank Trustees Bhd, acting on behalf of AmFIRST Real Estate Investment Trust (AmFIRST REIT), the current owner of the property. The 46-storey freehold office tower has a net lettable area of 453,419 square feet and an occupancy rate of 77.8%, with AmBank serving as the anchor tenant and occupying 65.6% of the building. As part of the acquisition, AmBank will assume the existing tenancies and licences covering approximately 12.2% of the building’s net lettable area, while the remaining vacant space will provide opportunities for future expansion or operational consolidation. The group said owning Menara AmBank will help secure its long-term office tenure while potentially mitigating increases in occupancy-related costs. The transaction is classified as a related-party deal due to overlapping ownership interests between AMMB and AmFIRST REIT. AmREIT Managers Sdn Bhd, the manager of AmFIRST REIT, is wholly owned by AmREIT Holdings Sdn Bhd, of which 70% is owned by AmInvestment Group Bhd, a wholly owned subsidiary of AMMB. The remaining 30% stake is held by Amcorp Properties Bhd, a unit of AMMB’s major shareholder, Amcorp Group Bhd. Tan Sri Azman Hashim, chairman emeritus and honorary adviser of AMMB, is an indirect major shareholder of both AMMB and the REIT manager through his interests in Amcorp Group. He is also a director of Yayasan Azman Hashim, a substantial unitholder of AmFIRST REIT. In addition, AmBank holds a 26.73% stake in AmFIRST REIT, making it one of the trust’s major unitholders. AMMB said the RM331 million purchase price was agreed on a willing buyer-willing seller basis after taking into account an independent market valuation of RM333 million. The acquisition will be funded through internally generated funds and is not expected to have a material impact on the group’s earnings, net assets or gearing for the financial year ending March 31, 2027. As at end-March, the group had RM6.82 billion in cash and short-term funds. The transaction is expected to be completed by the fourth quarter of 2026. Shares of AMMB closed 10 sen lower at RM6.45 on Monday, giving the banking group a market capitalisation of RM21.38 billion.

Keyfield International Bhd is strengthening its offshore support vessel fleet with the acquisition of a 2014-built anchor handling tug supply (AHTS) vessel for US$7.35 million (RM29.6 million), as the group positions itself to meet growing charter demand. In a filing with Bursa Malaysia, the offshore support vessel operator said its wholly owned subsidiary, Keyfield Resolute Sdn Bhd, has entered into an agreement to acquire the vessel, which will be renamed Keyfield Joyful. The seller was identified only as an unrelated third-party company incorporated in Indonesia and belonging to a Singapore-headquartered group. In addition to the purchase price, Keyfield expects to invest between RM3 million and RM4 million to progressively upgrade the vessel’s capabilities, including its bollard pull, accommodation capacity and Dynamic Positioning 2 (DP2) system. The company said the acquisition will immediately expand its available AHTS capacity to capitalise on near-term chartering opportunities, as all of its existing AHTS vessels are currently chartered out or allocated for contracts in Malaysia and overseas. Its two new-build DP2 AHTS vessels are only expected to be delivered in 2028. Group Chief Executive Officer and Executive Director Datuk Darren Kee Chit Huei said the domestic offshore support vessel market continues to show strong fundamentals, particularly for AHTS vessels below 80 tonnes. “The medium-term outlook for the domestic offshore support vessel sector remains highly resilient, with widening supply shortages projected for AHTS under 80 tonnes. “By acquiring Keyfield Joyful, it provides our group with an opportunity to deploy into the tight local market to earn immediate income. We will further enhance its marketability by upgrading its technical specifications,” he said. Kee added that the purchase follows the recent mobilisation of three AHTS vessels — comprising two owned vessels and one third-party managed vessel — to the Middle East. The latest acquisition is part of Keyfield’s long-term fleet expansion strategy, which is expected to increase its owned fleet from 14 vessels currently to 18 vessels by 2028. The expansion plan includes three vessels currently under construction: one DP2 accommodation work boat and two DP2 90MT AHTS vessels. Keyfield said the acquisition will be financed entirely through the remaining proceeds from its sukuk issuance completed in December 2024 and is expected to contribute positively to the group’s earnings and net assets in the second half of 2026 once the vessel is deployed. For the first quarter ended March 31, 2026, Keyfield’s net profit more than doubled to RM56.13 million from RM20.68 million a year earlier, largely driven by a RM78 million gain from the disposal of an accommodation workboat, despite lower vessel utilisation and weaker revenue. Revenue declined 45.6% to RM47.18 million from RM86.75 million previously, while the group recorded a gross loss of RM16.03 million compared with a gross profit of RM34.8 million a year earlier. The company reported a fleet utilisation rate of 36.1%, equivalent to 442 chartered days, during the quarter, covering vessels operating in Malaysia, the Middle East and Thailand. Shares of Keyfield closed four sen higher at RM1.58 on Monday, giving the group a market capitalisation of RM1.28 billion.

Sime Darby Property Bhd has launched a new investment fund with a target size of up to RM1.25 billion to develop and invest in data centres and industrial assets located within its townships across Malaysia. Known as the New Economy Venture, the fund has secured full capital commitments from the Employees Provident Fund (EPF), the Armed Forces Fund Board (LTAT) and Great Eastern Life Assurance (Malaysia) Bhd. The company said additional limited partners may be brought into the fund at a later stage. Sime Darby Property chief executive Datuk Seri Azmir Merican. Sime Darby Property Group Managing Director and Chief Executive Officer Datuk Seri Azmir Merican said the initiative represents a significant milestone in expanding the group’s investment and fund management capabilities. According to the company, the New Economy Venture builds on its growing presence in the industrial and logistics sector following the launch of its RM1 billion Industrial Development Fund, a joint venture with LOGOS Property established in 2022. Together, the two funds are expected to strengthen Sime Darby Property’s recurring income base by generating investment yields and fee-based earnings from the development and management of assets such as data centres, warehouses and other new economy infrastructure that continue to see strong market demand. The new fund has already secured two seed assets located within the group’s flagship developments, Elmina Business Park and the City of Elmina. These projects account for approximately 85% of the targeted fund size and are backed by long-term lease agreements. Construction of both assets is expected to be completed in the second half of 2027. Under the investment structure, Sime Darby Property will serve as the general partner and contribute RM500.1 million to the main fund. EPF will invest RM100 million, LTAT will commit RM200 million and Great Eastern will provide RM199.9 million. In addition, EPF will participate in a sidecar investment vehicle with a capital commitment of RM250 million. The sidecar fund is designed to invest alongside the main fund in selected projects. The company said the initiative supports its capital-light growth strategy by leveraging third-party institutional funding to accelerate the development of new economy assets across its existing townships. Sime Darby Property added that its investment and asset management division currently oversees approximately RM4.4 billion worth of assets, supported by a long-term hyperscale data centre lease that commenced operations in April 2026.

YM Raja Lokman bin Raja Ahmad, Founder, BS Fitness Nutrition (M) SDN. BHD. Building a successful business is one challenge. Building a business that can scale consistently across manufacturing, distribution, exports, compliance, and brand development is another altogether. For BS Fitness Nutrition (M) Sdn Bhd, growth has never been viewed simply through the lens of product sales. Instead, the company has focused on creating the operational infrastructure, manufacturing capabilities, and market foundations required to build a business with long-term relevance and international potential. Today, operating from two production facilities in Bangi with a manufacturing capacity of up to 40 tonnes per month, BS Fitness Nutrition has established itself as an emerging player within Malaysia’s sports nutrition and functional wellness industry. Yet behind the products lies a broader strategy centred on manufacturing excellence, export readiness, ecosystem development, and the creation of a Malaysian brand capable of competing on a larger stage. As consumer expectations continue to evolve and global competition intensifies, the company’s focus remains clear: building a business defined not by short-term growth, but by operational credibility, scalability, and sustainable value creation. The wellness and performance nutrition sector has undergone significant transformation over the past decade. Once dominated by a handful of international brands, the market today is increasingly competitive, sophisticated, and driven by consumers who demand far more than attractive packaging or marketing claims. Quality assurance, product transparency, manufacturing standards, and brand trust have become critical factors influencing purchasing decisions. BS Fitness Nutrition recognised this shift early. When the company entered the market, there was a noticeable gap between what consumers were looking for and what was readily available. While demand for sports nutrition and performance supplements was growing steadily, locally manufactured products capable of competing with established international brands remained relatively limited. This created an opportunity not only to manufacture products, but to build a business around credibility, consistency, and consumer confidence. Rather than approaching the market purely from a retail or product perspective, the company invested heavily in building its manufacturing capabilities, operational systems, and compliance framework. This long-term approach allowed BS Fitness Nutrition to position itself as more than a product company—it became a business built on production capability, quality control, and continuous innovation. Today, the company produces a growing portfolio of sports nutrition products, functional beverages, and performance supplements while serving athletes, fitness communities, active consumers, commercial partners, and distributors. However, management views these products as an outcome of the business rather than the business itself. At the heart of BS Fitness Nutrition’s strategy is the creation of a scalable ecosystem. The company has spent years strengthening the foundations required for sustainable growth. This includes investments in research and development, manufacturing technology, compliance standards, digital commerce capabilities, distribution networks, and strategic partnerships. These investments may not always be visible to consumers, but they form the backbone of a business designed to compete in increasingly demanding markets. A key pillar of the company’s growth strategy is international expansion. While Malaysia remains an important market, BS Fitness Nutrition sees significant opportunities beyond its domestic borders. Rising global demand for wellness products, increasing acceptance of Malaysian-made goods, and growing interest in trusted nutritional solutions have created favourable conditions for expansion. To support this ambition, the company has actively participated in international trade exhibitions, export acceleration programmes, and cross-border business initiatives. These efforts are not simply aimed at increasing sales volumes but at building long-term market access, strengthening distribution channels, and establishing the credibility necessary to compete internationally. This disciplined approach also shapes how the company defines growth. For many businesses, growth is often measured through revenue, outlet expansion, or market share. BS Fitness Nutrition adopts a broader perspective. Growth means building stronger operational capabilities, creating entrepreneurship opportunities, developing products that can scale across markets, strengthening export presence, and building trust with customers and business partners alike. Equally important is what the company chooses not to pursue. Management remains cautious about opportunities that may generate short-term gains but undermine long-term sustainability. Price competition, aggressive expansion without supporting infrastructure, and growth that compromises quality standards are areas the company deliberately avoids. Instead, the focus remains on strengthening the foundations that support long-term competitiveness. As the business has expanded, maintaining consistency has become increasingly important. Generating demand is often easier than managing complexity. Scaling production, ensuring quality assurance, maintaining regulatory compliance, coordinating logistics, managing exports, and developing people all require a different level of organisational maturity. To address this, BS Fitness Nutrition has evolved from a founder-driven business into a more structured organisation supported by specialised leadership, operational systems, departmental accountability, and standardised processes. This transformation has enabled the company to maintain agility while creating the discipline necessary for larger-scale growth. Leadership development has become a particularly important area of focus. As the organisation continues to grow, the ability to build capable teams, empower decision-making, and develop future leaders will play a critical role in sustaining momentum. Behind the company’s commercial success lies a significant commitment to operational excellence. Over the past 18 months, BS Fitness Nutrition has prioritised investments into manufacturing systems, food safety compliance, export readiness, and internationally recognised certifications, including HACCP, GMP, and halal standards. While these initiatives require substantial investment, they provide the credibility and assurance required to compete within increasingly regulated and quality-conscious markets. For the company, sustainability is closely linked to operational integrity. Responsible growth means building systems that can support long-term expansion while maintaining product quality, customer trust, and business resilience. Looking ahead, BS Fitness Nutrition’s ambitions extend beyond becoming a larger manufacturer. The company is focused on establishing itself as a globally recognised Malaysian brand while strengthening its role within the broader wellness and performance nutrition industry. Future priorities include accelerating international market penetration, expanding innovation within the functional beverage category, strengthening distribution ecosystems, enhancing research and development capabilities, and leveraging automation to improve operational efficiency. Yet despite these ambitions, the company’s underlying philosophy remains unchanged. Success is not measured solely by how much a business grows, but by how well it