03/05/2025

BIZ & FINANCE SATURDAY | MAY 3, 2025

15

TOP SHOTS OF THE WEEK

MOU SIGNING ... Foam and non-foam products manufacturer WTEC Group on Tuesday entered into a memorandum of understanding with Jiangsu ChengFeng New Materials Co Ltd, a China-based specialist in advanced polyurethane-based products. At the signing ceremony are WTEC Group managing director Tan Kok Kheng (left) and Jiangsu ChengFeng New Materials chairman Ruan Guo Ciao.

PICKLEBALL PICK-UP ... Tunku Zain Al-‘Abidin ibni Tuanku Muhriz (third from left), Youth and Sports Minister Hannah Yeoh (third from right), Canon Marketing Malaysia head of corporate communications Koh Boon Hui (second from left) and representatives of other sponsors at the launch of the Alliance Bank KL Open Pickleball Championship 2025 recently. Canon supported Malaysia’s inaugural Pickleball Summit and the championship as the official imaging partner. The championship, organised by Courtside, was held on April 25-27.

FINANCIAL BACKING ... AmBank Group has approved financing totalling RM408.2 million to MSR Green Energy Sdn Bhd (MSRGE) to part-finance its working capital requirements for a landmark battery energy storage system project in Lahad Datu awarded by Sabah Electricity Sdn Bhd. At the signing ceremony on Wednesday are, from left, AmBank Group head of commercial banking 1, business banking, Yeow Swee Yun; managing director of business banking Christopher Yap; senior vice president commercial banking 1, business banking Amanda Lau Meei Jiun; and MSRGE directors Qiang Xiaoyu and Ong Kah Hui.

BURSA AWARDS ... Bursa Malaysia Bhd held the Bursa Excellence Awards 2024 in Kuala Lumpur recently. The 12th edition recognised the accomplishments of brokers, market intermediaries and principal advisers within the securities, derivatives and Islamic markets, awarding 62 accolades across 32 categories. At the presentation of the awards for the ‘Best Overall Bursa Malaysia-i Participating Organisation’ category are, from left, Bursa Malaysia chairman Tan Sri Abdul Wahid Omar, CGS International Securities Malaysia Sdn Bhd group head, syariah services, Rushdan Mohd Nadzir, Maybank Investment Bank Bhd CEO Michael Oh-Lau, Affin Hwang Investment Bank Bhd CFO Ahmad Gazzara Czillich and Bursa Malaysia CEO Datuk Fad’l Mohamed. Maybank Investment Bank was named champion, Affin Hwang Investment Bank first runner-up and CGS International Securities Malaysia second runner-up.

DOUBLE AGM S ... KLCCP Stapled Group held the 12th and 22nd annual general meetings for KLCC Real Estate Investment Trust (KLCC REIT) and KLCC Property Holdings Bhd (KLCCP), respectively, on Tuesday in respect of the financial year ended Dec 31 2024. From left are KLCCP Stapled Group CEO Datuk Mohd Salem Kailany, chairman Datuk Annies Md Ariff, CFO Rohizal Kadir and KLCCP and KLCC REIT Management Sdn Bhd company secretary Hanida Hanum Jamon.

PASSED AND RECEIVED ... CIMB Group Holdings Bhd held its 68th annual general meeting on Tuesday at Sime Darby Convention Centre, Kuala Lumpur, where all 12 ordinary resolutions tabled were passed, and the audited financial statements for the financial year ended Dec 31 2024 were duly received. Looking at the annual report are CIMB Group chairman Tan Sri Mohd Nasir Ahmad (left) and CEO Novan Amirudin.