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Investment & Market Trends

Japanese Parent To Take Ajinomoto Malaysia Private At RM20 A Share

Japan’s Ajinomoto Co Inc will take its Malaysia-listed unit private at RM20 per share, representing a 31.6% premium over its last traded price of RM15.20. In a Bursa Malaysia filing, Ajinomoto (Malaysia) Bhd (KL:AJI) said the privatisation exercise, valued at RM603.4 million, will be carried out via a selective capital repayment. As at March 31, Ajinomoto Malaysia held cash of RM74 million, equivalent to about RM1.23 per share. Based on a preliminary estimate, the Japanese parent is expected to inject more than RM500 million to fund the transaction. The company said the exercise will be funded through its excess funds, with the remaining portion to be financed by the parent company. However, no detailed breakdown was disclosed. The board of Ajinomoto Malaysia, excluding conflicted directors, will deliberate on the proposal and determine the next course of action. If completed, Ajinomoto Co does not intend to maintain the listing of Ajinomoto Malaysia, which is primarily involved in food seasonings, including monosodium glutamate (MSG). Ajinomoto Co currently holds a 50.38% stake, or 30.63 million shares, in the Malaysian unit. The privatisation will involve acquiring the remaining 30.17 million shares, or 49.62% interest, via a selective capital reduction and repayment exercise. Under the proposal, the group will pay RM603.4 million in total at RM20 per share to cancel the minority shareholding. As at June 22, Ajinomoto Malaysia had an issued share capital of RM65.1 million comprising 60.8 million shares. As at end-March, the group had RM74.24 million in cash and bank balances and about RM273.5 million in liquid investments. Retained earnings stood at around RM805 million, against total equity of RM867.6 million. It has no material borrowings aside from lease liabilities of about RM5.16 million. To facilitate the transaction, Ajinomoto Malaysia will first issue 571.1 million bonus shares, as the proposed repayment exceeds its existing share capital. However, these shares will not be credited to shareholders or listed. The subsequent capital reduction will see all minority-held shares, along with the bonus shares, cancelled. Ajinomoto Co said the offer provides shareholders an attractive exit opportunity given the company’s historically low trading liquidity, with average daily volume accounting for just about 0.13% of its free float. It added that Ajinomoto Malaysia has derived limited benefit from its listing status, as it has not raised funds from the capital market for over a decade while still incurring listing-related costs. The proposal requires approval from at least 75% of votes cast by independent shareholders, with dissenting votes not exceeding 10%, along with other regulatory approvals. Trading in the stock will resume at 9am on Tuesday.

Investment & Market Trends

Malaysia Airlines, Singapore Airlines To Introduce Joint Fares For KL–Singapore Route

Malaysia Airlines and Singapore Airlines will introduce new joint fare products for travel between Kuala Lumpur and Singapore as part of an expanded partnership. The new offerings build on their existing codeshare arrangement and aim to provide travellers with more fare options between the two capital cities, while enhancing connectivity across both carriers’ wider networks, according to a joint statement. Both airlines are also working towards introducing additional customer benefits in phases, including reciprocal lounge access, coordinated flight schedules and joint corporate travel arrangements. No further details on the fare products were disclosed. “This joint business partnership with Singapore Airlines marks a significant milestone in the expansion of our commercial collaboration,” said Bryan Foong Chee Yeong, head of airline business at Malaysian Aviation Group Bhd, the parent company of Malaysia Airlines. Singapore Airlines chief commercial officer Lee Lik Hsin said the new fare products would broaden travel options for passengers flying between Singapore and Kuala Lumpur. Malaysia Airlines and Singapore Airlines have been strengthening cooperation since signing a commercial framework agreement in October 2019. Both national carriers currently maintain codeshare agreements across routes in Malaysia, Singapore, Europe and South Africa. In February 2024, they also introduced reciprocal mileage accrual and redemption between Malaysia Airlines’ Enrich programme and Singapore Airlines’ KrisFlyer programme, allowing members to earn and redeem points on selected flights operated by either airline.

Property

Propel Global Unveils First RM64m Commercial Project In Kuantan

Propel Global Bhd is expanding into property development with the launch of a commercial project in Kuantan carrying an estimated gross development value (GDV) of RM64 million. The project, named Riverpoint, marks the group’s maiden venture into commercial property development and is part of its broader strategy to diversify beyond its core oil and gas and engineering-related businesses, the company said in a statement on Monday. Developed by its wholly owned subsidiary Propel Global Development Sdn Bhd, Riverpoint comprises 31 units of three-storey freehold shoplots located along Jalan Tanah Putih, next to the “Welcome to Kuantan” arch. “We aim to establish Riverpoint as a landmark commercial destination and a catalyst for the area’s continued commercial growth, while generating sustainable value for shareholders, business partners and the wider community,” said group chief executive officer Angeline Lee. The move into property comes as Propel Global continues to face an uneven earnings performance. The group slipped into the red for the financial year ended June 30, 2025 (FY2025), posting a net loss of RM22.79 million on revenue of RM111.48 million. For the first nine months of FY2026 ended March 31, it recorded a net loss of RM17.44 million on revenue of RM56.98 million. Prior to FY2025, the company was profitable in FY2023 and FY2024, after recording nine consecutive years of losses from FY2014 to FY2022. Its balance sheet remains geared, with cash and bank balances of RM14.01 million as at March 31, 2026, against short-term borrowings of RM9.06 million and long-term debt of RM24.99 million, resulting in a net debt position. Propel Global is primarily involved in oil and gas services, including pipe recovery and well intervention, as well as building technical services covering engineering, construction, project management and maintenance for commercial and industrial facilities. The group has also indicated plans to venture into sustainable development and digital technology as part of its longer-term shift towards a lower-carbon business model. Shares in Propel Global closed 0.5 sen or 8.3% higher at 6.5 sen on Monday, valuing the company at about RM54 million. The stock has declined 27.8% over the past year.

Investment & Market Trends

Berjaya Corp Sells Entire Citaglobal Stake To Detik Ria For RM42.6m

Berjaya Corporation Bhd has disposed of its entire 8.64% stake in Citaglobal Bhd to Detik Ria Sdn Bhd for RM42.56 million. In a Bursa Malaysia filing on Monday, Berjaya Corp said its wholly owned subsidiary, Berjaya Securities Sdn Bhd, sold 46.77 million Citaglobal shares to Detik Ria via a direct business transaction on June 19 at 91 sen per share. Detik Ria is controlled by Johor princess Tunku Tun Aminah Sultan Ibrahim, who is also Berjaya Corp’s non-executive chairman, a director of Berjaya Securities and chairman of Detik Ria. As a result, the disposal is considered a related-party transaction. The shares were originally acquired at 90 sen each through Citaglobal’s private placement exercise completed on June 8, with the carrying value in Berjaya Corp’s books also standing at 90 sen per share. Following the sale, Berjaya Securities has ceased to be a shareholder of Citaglobal. Berjaya Corp said the disposal price was determined based on Citaglobal’s prevailing market price at the time of the transaction. Proceeds from the sale will be used for working capital purposes, including administrative, marketing and operating expenses. The group added that the disposal is not expected to have a material impact on its net assets, earnings or gearing for the financial year ending June 30, 2026, nor will it affect its issued share capital or substantial shareholders’ holdings. Tunku Aminah abstained from all board discussions and voting related to the transaction. Berjaya Corp’s audit committee deemed the disposal fair, reasonable and conducted on normal commercial terms, adding that it is not detrimental to minority shareholders. Berjaya Corp shares closed 0.5 sen higher at 25.5 sen on Monday, giving the group a market capitalisation of RM1.55 billion. The stock has declined 3.8% over the past year. Citaglobal ended unchanged at 90.5 sen, valuing the company at RM489.9 million, with its shares up 12.4% over the same period.

Investment & Market Trends

Sunview To Divest Winstar Stake For RM30 Million At 43 Sen Per Share

Sunview Group Bhd has proposed to sell its entire 22.44% interest in Winstar Capital Bhd for RM30.1 million in cash to nine investors. In a Bursa Malaysia filing on Monday, Sunview said the disposal involves 70.03 million Winstar shares at 43 sen apiece under nine separate share sale agreements. The offer price is 23.9% below Winstar’s closing price of 56.5 sen on Monday. Among the buyers are four key management personnel and substantial shareholders of Winstar, namely vice-chairman Chua Nyok Chong, chief executive officer Chua Boon Hong, chief operating officer Lee Yong Zhi and chief marketing officer Khoo Nee Cheng. The other purchasers comprise Datuk Low Chin Koon, non-executive chairman of Tex Cycle Technology (M) Bhd and independent non-executive director of Mestron Holdings Bhd; Por Teong Eng, managing director of Mestron; Chu Kerd Yee, executive director of ES Sunlogy Bhd; as well as Ng Cheng Keng, Phuah Hue Shun and K Seng Seng Corporation Bhd. Sunview noted that the disposal price represents a 65.4% premium to its original investment cost of 26 sen per share and a 16.2% premium to the stake’s net book value of 37 sen per share as at Sept 30, 2025. The company expects to recognise a disposal gain of approximately RM6.8 million upon completion. Proceeds from the transaction will mainly be channelled towards working capital and debt reduction. About RM18.1 million will be allocated for engineering, procurement, construction and commissioning (EPCC) projects, while RM11.8 million will be used to repay bank borrowings. Sunview invested RM18 million in Winstar Aluminium Manufacturing Sdn Bhd in 2023 and said the proposed sale allows it to unlock the value of its investment, improve cash flow, lower gearing and retain borrowing capacity for future undertakings. The group added that disposing of the shares through the open market could have exerted significant downward pressure on Winstar’s share price due to the stock’s relatively low trading liquidity. The 70.03 million shares involved are equivalent to 21.3 times Winstar’s average monthly trading volume over the past six months and 6.4 times its average monthly trading volume over the past year. The proposed disposal is subject to shareholders’ approval and is targeted for completion by the first quarter of 2027. Based on Sunview’s audited financial statements as at Sept 30, 2025, the transaction is expected to raise its net asset per share to 19 sen from 17 sen and reduce its gearing ratio to 1.58 times from 1.82 times on a pro forma basis. Sunview shares closed 0.5 sen lower at 37 sen on Monday, valuing the company at RM223.3 million. The stock has declined 5.1% over the past year. Winstar shares finished unchanged at 56.5 sen, giving it a market capitalisation of RM176.4 million, with the stock up 4.6% over the same period.

ESG

KJTS Secures 10-Year Savings-Sharing Agreement With Top Glove

KJTS Group Bhd has entered into a 10-year savings-sharing agreement with Top Glove Corp Bhd, which is expected to generate approximately RM27.3 million in revenue based on guaranteed annual energy savings of RM5.47 million. In a Bursa Malaysia filing on Monday, KJTS said its 70.67%-owned subsidiary, iHandal Green Assets Holdings Sdn Bhd (IHGASB), signed the agreement with Flexitech Sdn Bhd, a wholly owned unit of Top Glove, to undertake the construction, installation and maintenance of its Heatfuse Heat Recovery Solutions system at Top Glove’s manufacturing facilities in Banting. Under the arrangement, IHGASB will fully finance the project and receive 50% of the actual energy cost savings generated by the system throughout the contract period. Based on the guaranteed annual savings of RM5.47 million, KJTS’ share is estimated at around RM2.73 million per year, translating into about RM27.3 million over the decade-long agreement. The Heatfuse Heat Recovery Solutions system captures waste heat produced during manufacturing and repurposes it into hot water for process heating, helping manufacturers lower energy usage, operating expenses and carbon emissions. KJTS also revealed that IHGASB had signed similar savings-sharing agreements within the past year with two other Top Glove subsidiaries, TG Medical Sdn Bhd and GMP Medicare Sdn Bhd, for facilities in Klang. These projects are expected to deliver guaranteed annual savings of RM877,633 and RM1.77 million respectively, under the same 50:50 savings-sharing model. The group said the agreements are anticipated to strengthen its earnings and net asset position in the years ahead. KJTS shares ended Monday’s trading session 1.9% lower, down 1.5 sen to 78.5 sen, giving the company a market capitalisation of RM542.15 million. The stock has declined 25.9% over the past 12 months.

Investment & Market Trends

Hextar Retail Buys Zok Noodle House Assets In Bandar Sunway For RM1.25mil

Hextar Retail Bhd is acquiring the assets of a Zok Noodle House outlet in Bandar Sunway for RM1.25 million as part of its expansion into the food and beverage (F&B) sector. The acquisition will be undertaken through Craving Hub Sdn Bhd, a 51%-owned indirect subsidiary of Hextar Retail, and covers the outlet’s inventory, equipment, licences, tenancy rights, brand goodwill, and customer database at Sunway Square. In a Bursa Malaysia filing, Hextar Retail said the purchase aligns with its strategy to diversify and strengthen its presence in the F&B business. The transaction is deemed a related-party transaction due to overlapping shareholdings and directorships, although the company said it is not expected to have a material impact on its financial position. Craving Hub is 51%-owned by Hextar F&B Sdn Bhd, a wholly-owned subsidiary of Hextar Retail, while the remaining stakes are held by Zok Noodle House Sdn Bhd and Maxliaw Ventures Sdn Bhd. Zok TRX shareholder Wong Yew Loong also serves as a director of Craving Hub, while Zok TRX majority shareholder Datuk Ong Choo Meng is a substantial shareholder of Hextar Retail through Hextar Portfolio Sdn Bhd. Hextar Retail managing director Vo Nghia Huu is considered a connected person as he is Ong’s brother-in-law. The company said the RM1.25 million purchase price was determined based on the carrying value of the assets. Payment will be made within 60 days from the effective date of June 1, unless otherwise agreed by both parties. For the first quarter ended March 31, 2025 (1QFY2026), Hextar Retail recorded a net loss of RM1.32 million, widening from a net loss of RM550,000 a year earlier, despite revenue rising 96.6% to RM30.36 million. As at the end of March, the group had total assets amounting to RM201.5 million. Shares of Hextar Retail closed unchanged at 43 sen on Monday, giving the company a market capitalisation of RM215.3 million. Year-to-date, the stock has declined by 8.5%.

The Executives

Building Southeast Asia’s Live Entertainment Industry Beyond the Stage – Para Rajagopal

For many concertgoers, live entertainment begins when the lights dim and the first note fills the arena. For Para Rajagopal, Managing Director of Live Nation Malaysia and Chief Executive Officer of PR Worldwide, that moment represents only the final chapter of a much longer story—one built on months of planning, hundreds of professionals, and an industry dedicated to creating unforgettable experiences. Live Nation Malaysia & PR Worldwide – Managing Director Para Rajagopal. Rajagopal’s journey into live entertainment was shaped early in his career through his involvement in promoting Disney On Ice, an experience he describes as transformative. Working with one of the world’s most respected entertainment brands exposed him to international touring standards, operational excellence, and sophisticated marketing strategies. More importantly, it reshaped his understanding of what the industry could achieve. “Live entertainment is not just about selling tickets—it is about creating memories that stay with people for a lifetime,” he says. That philosophy would eventually become the foundation of his career and influence his approach to growing businesses within the entertainment sector. Seeing Opportunity Where Others Didn’t While many industry players once viewed Southeast Asia as a fragmented and challenging market, Rajagopal saw untapped potential. He recognised the existence of passionate fan communities eager for world-class experiences but with limited access to international productions. For him, the opportunity was never simply about bringing global artists into the region. It was about strengthening an industry capable of creating opportunities across hospitality, logistics, production, transportation, and the wider creative economy. Over time, these efforts have helped elevate Malaysia’s capabilities as a destination capable of delivering events that meet international expectations. Beyond the Glamour Although concerts and major events often appear glamorous to audiences, Rajagopal emphasises that the reality behind the scenes is far more demanding. Months of planning take place before audiences ever enter a venue. International tours can involve hundreds of crew members, extensive regulatory approvals, logistics coordination, production management, safety planning, and contingency preparations. “The public sees the artist on stage. What they do not see are the thousands of operational decisions that take place behind every successful event,” he says. Success, he believes, depends on meticulous preparation, teamwork, and the ability to make critical decisions under pressure. Delivering Global Standards Locally His early experiences with Disney On Ice and subsequent international productions reinforced the importance of maintaining consistent standards regardless of geography. Artists and management teams expect the same level of professionalism whether they are performing in Kuala Lumpur, London, Tokyo, or New York. At Live Nation Malaysia and PR Worldwide, meeting those expectations requires balancing international requirements with local market realities, including venue infrastructure, audience behaviour, affordability, and scalability. The goal is straightforward: deliver world-class productions while continuously raising the capabilities of local industry professionals. Understanding the Audience Consumer preferences continue to evolve rapidly, particularly in an era dominated by streaming platforms and social media. Rajagopal believes staying ahead requires more than studying data alone. While streaming numbers, ticket demand, and online engagement offer valuable insights, understanding cultural nuances and audience sentiment remains equally important. “The question is not simply whether an artist is popular, but whether they can create a meaningful connection with audiences in our market,” he explains. That balance between data and intuition continues to play an important role in how events are selected and positioned. Looking Beyond Commercial Returns The economics of live entertainment can be unpredictable, with promoters often committing significant investments long before tickets go on sale. When evaluating potential events, Rajagopal considers multiple factors, including market demand, venue suitability, production requirements, sponsorship opportunities, timing, and broader economic conditions. Yet financial performance is only one measure of success. Certain events contribute to Malaysia’s reputation as a credible stop on the international touring circuit, strengthening confidence among artists, management teams, and global promoters considering the region for future tours. A New Generation of Concertgoers The pandemic fundamentally changed how audiences engage with live experiences. (From left) Communications Minister Datuk Fahmi Fadzil, Minister in the Prime Minister’s Department (Federal Territories) Hannah Yeoh, Live Nation Malaysia managing director, Para Rajagopal, CelcomDigi Brand and Marketing Services head Chan May Ling and Malaysia Tourism Promotion Board (Tourism Malaysia) chairman Datuk Manoharan Periasamy during the official launch of KL Headline Season 2026 at Kuala Lumpur Convention Centre. While demand returned strongly following the reopening of borders and venues, Rajagopal notes that consumers have become increasingly selective about where they spend their time and money. Today’s audiences expect seamless digital experiences, greater transparency, convenience, and stronger overall value. The customer journey, he says, begins long before attendees arrive at a venue and continues well after the final performance ends. Why Live Entertainment Still Matters Despite audiences having unlimited access to entertainment through digital platforms, Rajagopal believes live experiences remain irreplaceable. “Nothing replaces human connection,” he says. A live performance creates a shared emotional experience that screens simply cannot replicate—one that audiences remember long after the final encore. Technology, meanwhile, continues to transform the industry. Artificial intelligence, data analytics, digital ticketing systems, and targeted marketing tools are helping organisers better understand audiences and improve operational efficiency. However, Rajagopal maintains that technology should enhance the experience rather than define it. “The emotional connection between artist and audience remains at the heart of every event,” he says. Building a Lasting Legacy Looking ahead, Rajagopal believes Southeast Asia is entering a significant growth phase for live entertainment, driven by increasing consumer demand, improving infrastructure, and stronger regional connectivity. For him, success will not be measured solely by the number of international acts entering the market, but by the industry’s ability to become more sustainable, professional, and globally competitive. Among his proudest achievements is seeing Malaysian production crews, engineers, and technical professionals operate alongside some of the world’s leading touring teams with confidence and credibility. “If there is a legacy I hope to leave behind, it is helping create an industry that continues to grow long after any single event or tour has ended,” he says. At its best, live entertainment brings

Energy & Technology

BAM Sets A Precedence For National Tournaments Using AI And Tech

Badminton associations have long aimed to raise competition standards and improve player development, but high cost and availability access to technology has largely been limited to elite international tournaments.  The world’s first AI-powered Reveal Lens Instant Review System was rolled out at the AFFIN 100PLUS Junior Elite Tour Finals 2026 yesterday, giving junior shuttlers a taste of world-class officiating technology.  That changed last week at the AFFIN 100PLUS Junior Elite Tour Finals 2026, Badminton Association of Malaysia’s (BAM) flagship junior tournament, which concluded on Sunday after a full-six days deployment of the Reveal Lens Instant Review System (IRS).  It is the world’s first, AI-powered review system for badminton, approved by the Badminton World Federation.  Across badminton, including its continental confederations, efforts to expand access to officiating technology have grown, but deployment remains limited by cost and infrastructure constraints at lower levels of competition. BAM’s decision to introduce it at junior level marks a tangible step in a different direction, with no domestic junior series in the region having done so before.  Revealtek’s AI-powered Reveal Lens Instant Review System (IRS) delivers line call decisions within seconds for faster, smoother gameplay.  The advanced technology system, developed by Malaysian sports technology firm Revealtek Sdn Bhd was deployed across two courts, allowing players to challenge line calls and receive AI-assisted decisions within seconds, displayed live inside the hall. Digital scoring, live streaming and court-side displays supported operations across all eight courts.  When a player challenges a line call, footage captured at 480 frames per second is reviewed and processed almost immediately. A decision is delivered within seconds and displayed in the hall. What previously risked becoming a prolonged dispute is resolved before tension has time to build, allowing play to resume almost instantly.  Beyond officiating, the tournament also served as an early exposure platform for junior players to systems used at international level. Coaches were given access to match footage and performance data, while live streaming brought the action to fans beyond the venue.  [L-R] BAM Deputy President Datuk V. Subramaniam with Revealtek CEO Nizam Mohamed at the AFFIN 100PLUS Junior Elite Tour Finals 2026. Revealtek’s Chief Executive Officer, Nizam Mohamed said the company’s aim was to make tournament technology accessible, so that more events and players could benefit from it.  “We are very grateful to BAM for the opportunity. What this week has shown is that world-class officiating technology is no longer out of reach, and we intend to keep it that way. Malaysia is now setting the standard for the region,” he added. Since its debut earlier this year, Revealtek’s Reveal Lens Instant Review System has featured at several badminton tournaments, including the PETRONAS National Under-18 Badminton Championships 2026 in Selangor and the AFFIN 100PLUS Junior Elite Tour series.  Following its domestic rollout, Nizam shared that the company is in discussions with several badminton continental confederations, with its next confirmed deployment at the Singapore International Challenge in August, its first international assignment outside Malaysia. BAM officials said the rollout reflects a broader direction for Malaysian badminton.  Its Secretary-General Datuk Kenny Goh said technology of this kind has a clear place in how players are developed and how tournaments are run, especially in supporting more consistent and transparent match decisions.  Meanwhile, Deputy President Datuk V. Subramaniam added the implementation of the technology reflects the governing body’s long-term aspirations to strengthen the development of Malaysian badminton. “We are pleased to bring these facilities to a junior event. It reflects the direction we want for Malaysian badminton and the standards we hope to set across our tournaments,” he explained. Revealtek Sdn Bhd deployed the world’s first AI-powered Reveal Lens Instant Review System at the AFFIN 100PLUS Junior Elite Tour Finals 2026, BAM’s flagship junior tournament. Revealtek is targeting a September 2026 pilot for its Electronic Line Calls system, which aims to address the growing shortage of trained line judges at tournaments worldwide. The company is also developing post-match analytics tools built on the same camera infrastructure already deployed at venues, expanding its role beyond officiating into player development and talent identification.

News

QEW Group Berhad Clarifies Position On Ongoing RPS-i Civil Proceedings

QEW Group Berhad (“QEW” or “the Company”) refers to the article published by Free Malaysia Today (FMT) concerning the ongoing civil proceedings involving the Company and certain of its directors in relation to the RPS-i investment. As reported, the Company is currently undertaking the implementation of its restructuring and Exit Plan as part of its continuing efforts to fulfil its commitments to investors. The Company wishes to emphasise that the matters presently before the Court arise within the context of a corporate restructuring and obligations resolution process. Such processes are not uncommon within the financial and investment industry, particularly where companies are undertaking structured measures to meet their obligations in an orderly and sustainable manner. When contacted, Fatin Nabihah, spokesperson for QEW Group Berhad’s Legal & Compliance Department, confirms that the implementation of the Company’s Exit Plan remains actively in progress. The Company remains steadfast in its commitment to achieving a fair, practical and commercially viable resolution that safeguards the interests of its investors and all relevant stakeholders. In its Defence filed before the Court, the Company has maintained that the RPS-i is a Shariah-compliant structured investment instrument governed by the terms and conditions of the RPS-i Agreement. The instrument is subject, among other things, to the Company’s business performance, financial position, and the corporate governance mechanisms agreed upon by the parties. The Company also wishes to assure investors that its Customer Relationship Management (CRM) function continues to operate fully and remains available to attend to investors’ enquiries, requests and ongoing communications. In addition, regular updates continue to be provided through the Company’s dedicated investor portal to ensure that official information is communicated in a transparent, timely and orderly manner. As the matter is presently the subject of ongoing civil proceedings before the Court, the Company is constrained from commenting further on issues that are sub judice. QEW respectfully urges all parties to allow the legal process to proceed without undue speculation or the dissemination of inaccurate or misleading information that may create unnecessary public confusion or prejudice the administration of justice. QEW Group Berhad remains committed to cooperating fully with the Court and all relevant authorities throughout the legal process. The Company will continue to provide material updates, where appropriate, through its official communication channels.

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