Energy & Technology

ES Sunlogy Bhd, a mechanical and electrical engineering contractor, announced that its Singapore unit, 60%-owned ES Energy Solution Pte Ltd, has secured three electrical works contracts worth S$20.23 million (RM62.51 million) from Win Engineering Pte Ltd. The contracts include: S$3.02 million for supply and installation of electrical systems at a residential development in Tampines. S$12.77 million for electrical works at Jurong Pioneer Junior College, covering uninterruptible power supply and extra-low voltage systems. S$4.44 million for electrical installations at Ang Mo Kio, including 422 residential units and high linkway construction from Marsiling Grove to Woodlands Street 13. This scope covers electrical installation, telephone wiring, lightning protection, cable TV, external lighting, fire alarms, and temporary electrical works requiring licensed electrical workers. ES Sunlogy expects the contracts to positively impact the company’s net assets, earnings, and gearing over the contract period. The company’s shares closed at 24 sen, down 0.5 sen or 2.04%, giving it a market capitalization of RM164.64 million. Year to date, the stock has fallen more than 22%.

Cypark Resources Bhd has received government approval to proceed with the expansion of its waste-to-energy (WTE) plant in Ladang Tanah Merah, Port Dickson. The move follows a supplementary concession agreement signed between Cypark’s unit, Cypark Smart Technology Sdn Bhd, the Malaysian government, and the Solid Waste and Public Cleansing Management Corp. The agreement covers the development of Phase 2 of the WTE plant. “This marks a key milestone for Phase 2 and underscores our ongoing partnership with the government to enhance Malaysia’s waste management infrastructure and promote renewable energy,” said Cypark Group Managing Director Datuk Ami Morris. Construction of Phase 2 is expected to positively contribute to the company’s future earnings, though specific details of the expansion were not disclosed. The existing plant currently produces up to 15MW of renewable energy, processing around 1,000 tonnes of solid waste daily under a 25-year concession that runs until 2041. Following the announcement, Cypark shares fell 4.5 sen, or 7.5%, to close at 55.5 sen, giving the company a market value of RM456.67 million.

Tune Talk, Malaysia’s fully cloud-native Mobile Network Operator (MNO), announced at Mobile World Congress (MWC) 2026 the successful completion of Phase 1 of its Cloud Core Network Modernization in partnership with Nokia — becoming the first ASEAN telco to deploy this advanced cloud-native core technology at scale. Phase 1 was completed in January 2026, with Phase 2 now underway to further enhance automation, orchestration, and intelligent network capabilities. Built on a fully containerized, microservices-based architecture, the new cloud-native core delivers elastic scalability, resilient performance, and real-time intelligence, setting a new benchmark for how modern mobile networks are designed and operated. A Core Strategy Delivering Measurable Results Tune Talk’s cloud-native core strategy is already translating into significant business momentum: Subscriber base grew from 0.95 million in 2024 to 1.8 million by end-2025 On track to reach 2.5 million subscribers by mid-2026 Improved network stability and service consistency Reduced operational complexity through automation Enhanced scalability without proportional cost increases “The rapid subscriber growth underscores the effectiveness of our technology-first strategy—where infrastructure modernization directly fuels commercial acceleration,” said Gurtaj Singh Padda, Co-founder and CEO of Tune Talk. “This is not an upgrade. This is a structural reset of how a mobile network operates. By becoming the region’s first telco to implement this cloud-native core architecture at scale, we have built a platform designed for hyper-growth, automation, and digital service innovation.” “Our collaboration with Tune Talk shows what’s possible when cloud-native technology is used not just to modernize networks, but to transform how operators grow and innovate,” said Raghav Sahgal, Chief Customer Officer at Nokia. “By providing a fully containerized, cloud-ready core, Nokia is helping partners like Tune Talk build intelligent, resilient networks that scale at speed and unlock new digital services — giving them greater control, efficiency and the foundation for advanced connectivity experiences.” Building Full Network Independence In parallel with its core modernization, Tune Talk is also building its own roaming capabilities, strengthening its position as a fully independent cloud-native MNO. By developing in-house roaming infrastructure, Tune Talk gains greater control over international connectivity, enhances quality of service for subscribers abroad, and unlocks new cross-border innovation opportunities. The combination of an ASEAN-first cloud core deployment and proprietary roaming infrastructure positions Tune Talk as a forward-leaning digital MNO ready for the next stage of regional expansion. As Malaysia accelerates its digital transformation ambitions, Tune Talk’s partnership with Nokia demonstrates that global-scale innovation can originate from Southeast Asia — driving a new era of cloud-native mobile network evolution.

KJTS Group Bhd has proposed to acquire a 70.67% stake in engineering solutions provider iHandal Holdings Sdn Bhd for RM10.1 million in cash, as part of its strategy to strengthen its presence in the energy efficiency sector. In a filing with Bursa Malaysia, KJTS said its wholly owned subsidiary, KJ Technical Services Sdn Bhd, has entered into a share sale and purchase agreement with Corellia Holdings I Sdn Bhd to acquire 16.7 million redeemable and convertible preference shares B in iHandal. The shares will be converted into ordinary shares upon completion of the transaction. Following the acquisition, iHandal will become a 70.67%-owned subsidiary of KJ Technical Services and an indirect subsidiary of KJTS. Corellia Holdings I is wholly owned by AHAM Asset Management Bhd, with Datuk Wira Johan Ariffin Rozali Wathooth serving as its director. Established in 2009, iHandal specialises in sustainable engineering solutions focused on energy efficiency. Its proprietary Heatfuse™ technology captures and repurposes waste heat to improve energy utilisation. The company serves commercial and industrial clients including hotels, hospitals and manufacturing facilities, and operates across Southeast Asia, South Asia, Oceania and North America. For the financial year ended June 30, 2024, iHandal reported a net loss of RM1.23 million, improving from a RM3.19 million loss recorded in FY2023. The company had previously posted a net profit of RM426,000 in FY2022. KJTS said the acquisition will complement its existing cooling energy management and building support services by expanding its offerings into broader energy optimisation solutions. The group noted that the combination of both businesses could create cross-selling opportunities and enable KJTS to pursue larger and more complex projects, supported by enhanced engineering and implementation capabilities. Despite iHandal’s recent losses, KJTS said these were mainly attributable to financing costs and project timing, adding that the company’s core operations continue to deliver positive gross margins. The acquisition will also provide KJTS access to iHandal’s technical expertise, intellectual property and engineering team, strengthening the group’s capabilities and supporting its regional expansion plans. The RM10.1 million purchase will be funded entirely through internally generated funds and will not impact KJTS’ issued share capital or major shareholdings. Subject to the fulfilment of conditions precedent, the transaction is expected to be completed by the second quarter of 2026. Shares of KJTS closed 1.5 sen higher, or 2%, at 76 sen on Thursday, giving the company a market capitalisation of RM524.79 million. The stock has declined 27.6% over the past year.

Jati Tinggi Group Bhd has won a contract from Tenaga Nasional Bhd (TNB) to carry out electrical infrastructure works for a 275kV bulk supply to a data centre (DC) in Pasir Gudang, Johor, valued at RM79.86 million. According to a filing with Bursa Malaysia, the contract involves the installation of 275kV double circuit underground cables to connect the data centre to the national grid. The company said the project is part of its infrastructure utilities engineering solutions portfolio, which includes high-voltage electrical installations and other large-scale engineering works. “The contract is scheduled to take effect from March 2, 2026 and is expected to be completed within 270 days from the commencement date, which will be determined at a later stage,” the company said in the filing. Jati Tinggi noted that the project is anticipated to have a positive impact on the company’s future earnings, earnings per share, and net assets per share throughout the contract period. The company also confirmed that the award will not affect the share capital of its substantial shareholders. This contract marks another milestone for Jati Tinggi as it continues to expand its presence in the high-voltage and data centre infrastructure sector, reflecting growing demand for reliable power supply solutions in Malaysia’s rapidly expanding digital and industrial landscape.

The Penang Port Commission (PPC) is exploring a potential collaboration with Huawei Technologies to support the digital transformation of Penang Port. In a statement, both parties said the partnership aims to integrate advanced technologies into port operations, develop industry benchmark projects, and drive innovation to support the development of a world-class port. PPC chairman Datuk Yeoh Soon Hin highlighted the critical role ports play in facilitating international trade and regional economic growth during a recent visit to Huawei Technologies (Malaysia) Sdn Bhd. Huawei Malaysia Director of Transportation Solutions Hugh Lin (right) briefs Yeoh Soon Hin on Huawei’s innovation strategies and solutions in intelligent transportation and smart ports. He noted that with the rise of Industry 4.0 and digital technologies, traditional industries must increasingly adopt digital solutions to remain competitive. “To improve operational efficiency, reduce costs and enhance safety and environmental sustainability, ports must accelerate their digital transformation,” he said. Meanwhile, Huawei Malaysia deputy CEO Du Xianjun said the company’s Smart Port Solutions are built on advanced information and communication technology (ICT), incorporating 5G, big data, artificial intelligence (AI), cloud computing and the Internet of Things (IoT). He explained that Huawei’s Smart Customs and Smart Gate solutions use visual monitoring, centralised control and intelligent approval systems to significantly shorten cargo clearance times while improving coordination and operational efficiency. The solutions also support remote equipment operations, intelligent tallying and production safety monitoring, enabling ports to strengthen automation, sustainability and digital capabilities. According to the statement, both parties held detailed discussions on how these technologies could be aligned with Malaysia’s port digitalisation needs.

The Selangor Life Sciences Accelerator Programme 2025 concluded with its Demo Day on Tuesday, featuring the programme’s top 10 startups and highlighting potential investment opportunities of RM50,000 to RM250,000 per company. Launched by Invest Selangor in October 2025 in collaboration with NEXEA, the seven-month accelerator drew 168 applications from early-stage and growth-stage companies across sectors including biotechnology, digital health, agritech, healthcare platforms, advanced materials and sustainability. After a rigorous selection process, 21 companies were chosen to participate in the programme. Throughout the accelerator, founders received over 280 hours of mentoring, covering investor readiness, scientific validation, commercialisation strategies and business development to support fundraising and growth. During Demo Day, the startups presented their business models, market potential and expansion strategies to an audience of investors, corporate partners and industry stakeholders. Selangor state executive councillor for investment, trade and mobility Ng Sze Han said the programme underscores the state’s commitment to strengthening its life sciences ecosystem. “This Demo Day reflects Selangor’s ongoing efforts to build a strong and competitive life sciences ecosystem. Through the Selangor Life Sciences Accelerator Programme 2025, we are not only nurturing promising companies but also strengthening the commercialisation pipeline that connects innovation with industry, investment and global markets,” he said. Invest Selangor chief executive officer Hasan Azhari Idris said the programme aims to equip founders with the fundamentals needed to build scalable and investor-ready businesses. “Beyond the programme, selected companies may receive potential investments of up to RM250,000 each through NEXEA, while continuing to benefit from mentorship and investor networks to support their next stage of growth,” he said. The top 10 startups from the 2025 cohort are PlusVibes, YSBiotik Sdn Bhd, GreenSHeart Sdn Bhd, Bioloop Sdn Bhd, Materials In Works, Ocean Rich Resources, Microbiome Sdn Bhd, Health Digital Technologies Sdn Bhd (DoctorOnCall), Pixelence Sdn Bhd and Promed Health Ventures Sdn Bhd. Invest Selangor said the accelerator forms part of a broader effort to strengthen the state’s innovation ecosystem, alongside initiatives such as the SME–Investor Linkages Programme and the Mid-Tier Development Programme, which aim to help local companies scale and attract investment. Following Demo Day, participating startups are expected to enter the next phase of growth, focusing on fundraising and business expansion.

U Mobile has signed a memorandum of understanding (MoU) with Huawei Technologies (Malaysia) Sdn Bhd to accelerate the development of advanced applications in line with the telco’s digital transformation strategy. The MoU, signed at the Mobile World Congress (MWC) in Barcelona, will focus on co-creating next-generation technological solutions and fostering a sustainable innovation ecosystem using 5G-Advanced (5G-A), Artificial Intelligence (AI), and other emerging technologies. As part of the collaboration, the companies will conduct a 5G 3.5GHz dual-carrier trial to test and demonstrate more efficient spectrum utilisation. The trial incorporates 5G-A features such as 3CC carrier aggregation, with the aim of supporting evidence-based spectrum planning, informing policy decisions, and enabling the deployment of next-generation services. The partnership will also explore the development of 5G-A-enabled gaming experiences, leveraging advanced technologies such as 5G network slicing to improve latency, stability, and overall service quality. In addition, the companies will investigate the adoption of AI in U Mobile’s network to advance toward intelligent, autonomous network operations. U Mobile chief technology officer Woon Ooi Yuen said the collaboration aligns with the telco’s digital transformation goals. “We are pursuing 5G-A and AI innovations, including a 3.5GHz 5G trial for efficient spectrum utilisation and enhanced gaming experiences via network slicing. AI integration in our operations will move us toward Autonomous Network Level 4, shifting from reactive, human-dependent maintenance to a proactive, automated model,” he said. He added that this approach will reduce operational costs, simplify network management, and improve reliability and performance for customers. Huawei Malaysia deputy CEO Zac Chow highlighted that the collaboration would unlock significant gains in spectrum efficiency while providing faster and more stable user experiences. “Together, we aim to harness these technologies to deliver next-generation services, automate network operations, and build local expertise that will create lasting benefits for Malaysian consumers and businesses,” he said.

Malaysia Marine and Heavy Engineering Holdings Bhd (KL: MHB) has won a four-year offshore contract from Thailand’s upstream company PTT Exploration and Production Public Company Ltd (PTTEP) for works in Sarawak. The contract, awarded to MHB’s wholly-owned subsidiary Malaysia Marine and Heavy Engineering Sdn Bhd, is structured as a price agreement and covers the engineering, procurement, and construction of marginal field development platforms, including up to 11 wellhead platform (WHP) facilities. According to a Bursa Malaysia filing on Tuesday, the 11 WHPs—each weighing between 1,500 and 2,000 tonnes—will be fabricated at MHB’s Pasir Gudang yard in Johor before being installed offshore Sarawak to support PTTEP’s field development plans. The total contract value was not disclosed, as revenue will depend on the number of work orders issued by PTTEP over the four-year period. MHB managing director and CEO Mohd Nazir Mohd Nor said the contract was secured through a competitive bidding process and highlights the group’s more than 50 years of offshore engineering expertise. “We sincerely thank PTTEP for their trust in MHB. This project marks our first direct collaboration with them and strengthens a partnership built on a shared commitment to delivering high-quality offshore solutions,” he said. Shares of MHB rose one sen, or 2.5%, to 41 sen on Tuesday, giving the group a market valuation of RM647.13 million.

Cepatwawasan Group Bhd’s wholly-owned subsidiary, Cash Nexus (M) Sdn Bhd, has signed an agreement to sell a 40% stake in Cash Horse (M) Sdn Bhd — operator of a 12MW biomass power plant in Sandakan, Sabah — to its Australia Securities Exchange-listed subsidiary for RM31.61 million in cash. The conditional share sale agreement was entered into with Timah Resources Ltd, a 69.8%-owned subsidiary of Cash Nexus, according to a filing with Bursa Malaysia. Cepatwawasan said the disposal forms part of its long-term strategy to diversify into the renewable energy sector, providing a hedge against volatility in the crude palm oil market. The group noted that the value of its renewable assets is not fully reflected in its current share price. “The proposed disposal will help highlight and substantiate the value of Cepatwawasan’s renewable assets and provide greater liquidity through the trading of Timah shares. At the same time, the group will continue to maintain a majority stake in its renewable energy portfolio,” the company said. The filing noted that the original investment in the shares of Cash Nexus was RM23.5 million, incurred between 2009 and 2024. As of December 31, 2024, Cash Horse reported a profit after tax of RM2.33 million and net assets of RM77.41 million. The disposal is expected to generate a pro forma gain of approximately RM650,000 for Cepatwawasan, calculated as the difference between the disposal consideration and 40% of Cash Horse’s audited net assets as of December 31, 2024.