10/05/2025

BIZ & FINANCE SATURDAY | MAY 10, 2025

15

TOP SHOTS OF THE WEEK

LISTING ADVISER ... Nuren Group Ltd on Monday announced the engagement of Zico Evolve Capital Sdn Bhd as its financial adviser for initial public offering structuring and readiness in connection with the proposed listing on the Nasdaq Stock Exchange in the United States. Formalising their partnership are Zico Evolve Capital and Zico Holdings executive director Chew Seng Kok (left) and Nuren Group CEO Petrina Goh.

RISING SUN ... Sunway Group founder and chairman Tan Sri Dr Jeffrey Cheah has been conferred the Order of the Rising Sun, Gold Rays with Neck Ribbon, by the Emperor of Japan. The Japanese government announced this during the 2025 Spring Imperial Conferment in recognition of Cheah’s services in promoting academic exchanges and strengthening economic relations between the peoples of Malaysia and Japan. Picture shows Cheah with Japanese students at Sunway University. He is the founder and chancellor of the university.

UNDERWRITING DEAL ... Solid-liquid filtration solutions provider Pan Merchant Bhd signed an underwriting agreement with Affin Hwang Investment Bank Bhd on Wednesday as part of its initial public offering exercise on the ACE Market of Bursa Malaysia Securities. From left are Pan Merchant executive director Wong Voon Yoong and managing director Wong Voon Ten; and Affin Hwang Investment Bank managing director of capital markets Johan Hashim and head of equity capital markets Arvin Cheah.

SOLAR PARTNERSHIP ... Hektar Real Estate Investment Trust (Hektar REIT) on Tuesday unveiled a solar energy partnership with Samaiden Group Bhd. The collaboration marks a significant milestone in Hektar REIT and Samaiden’s commitment to sustainability. At the signing are, from left, Hektar Property Services Sdn Bhd CEO Aldela Puspa Nordin; Hektar Asset Management Sdn Bhd COO Sabrina Halim and CEO Zainal Iskandar Ismail; and Samaiden group managing director Datuk Chow Pui Hee, executive director Fong Yeng Foon and chief strategy officer Tee Wu Shun.

TARIFFS TALK ... Hong Leong Bank on Thursday hosted a forum, ‘Beyond the Headlines on US Tariffs: What’s Next for Malaysian Businesses and the Global Economy’, addressing the evolving global trade dynamics, particularly US tariffs, for Malaysian SMEs and the broader global economy. From left are PwC director of tax Chandrasegaran Perumal; Hong Leong Investment Bank chief economist Felicia Ling; Hong Leong Bank managing director of business and corporate banking Yow Kuan Tuck, group managing director and CEO Kevin Lam, managing director of global markets Hor Kwok Wai; Investment, Trade and Industry Ministry deputy secretary-general, bilateral economic and international trade Raveendran Nair; and Small and Medium Enterprises Association Malaysia chairman of international trade Eugene Tan.

SNEAK PEEK ... Jaecoo Malaysia marked its first anniversary at the Malaysia Autoshow 2025 with a refreshed brand image and will hereafter be known as Omoda Jaecoo Malaysia. The company teased the market with a sneak peek of the Omoda C7 Neo Crossover. From left are Chery Corporate Malaysia executive vice-president Leo Chen, Chery Automobile Co Ltd chief engineer of product development management and director of Pre-Research and Vehicle Architecture Institute Dr David Xianqiang Lu, and Omoda Jaecoo Malaysia, vice-president Emily Lek and country director Vincent Bian. Jaecoo is a brand of China’s Chery.