30/08/2025

BIZ & FINANCE SATURDAY | AUG 30, 2025

15

TOP SHOTS

HOSPITALITY PARTNERSHIP ... Malaysian-owned hospitality group Riyaz International Sdn Bhd has formalised a strategic partnership with Jin Jiang Hotels China Region to launch RJJ Hotels Sdn Bhd and expand its footprint across Southeast Asia and the wider Asia-Pacific region. At the launch of RJJ Hotels on Wednesday are (from left) Jin Jiang Hotels China Region senior vice-president Zhang Zhong Hao; Jin Jiang International (Group) vice-president Zhou Wei and chairman Zhao Qi; Investment, Trade and Industry Ministry secretary-general Datuk Hairil Yahri Yaacob; Riyaz International and RJJ Hotels group managing director Datuk Seri Mohammed Shaheen Shah Sidek; Riyaz International board of directors member and MK Tron Group founder and executive chairman Datuk Muthukumar Ayarpadde; and Jin Jiang Hotels China Region overseas business department general manager He Yijun.

EV HANDOVER ... Pro-Net, the distributor of Proton e.MAS and smart Malaysia vehicles, on Tuesday officially handed over a fleet of electric vehicles to the Ministry of Transport. This is in line with the Low Carbon Mobility Blueprint 2021-2030 and Pro-Net’s commitment to support Malaysia’s transition to sustainable transport. At the handover ceremony are (from left) Transport Ministry secretary-general Datuk Seri Jana Santhiran Muniayan, Transport Minister Anthony Loke Siew Fook, Proton covering deputy CEO Ainol Azmil and Transport Ministry deputy secretary-general (policy) Datuk Normah Osman.

AFFORDABLE HOME FINANCING ... Bank Pembangunan Malaysia Bhd (BPMB) has extended RM111 million in financing to Beaks Development Sdn Bhd via subsidiary Rimbun Purnama Sdn Bhd to support the development of 1,000 residential units in Bandar Tun Razak, Kuala Lumpur. The project will feature 500 affordable homes under the Perumahan Penjawat Awam Malaysia (PPAM) scheme for civil servants, alongside 500 open market units. From left: Rimbun Purnama chairman Datuk Indera Tun Putera Matin Ahmad Shah Munir and managing director Datuk Benny Lee Kong Wai, BPMB group head of corporate banking and advisory Wee Yee Tat, Prime Minister Office’s PPAM Unit director Mohd Izwan Nuzaihan Jamil and BPMB group CEO Datuk Muzaffar Hisham.

PROSPECTUS LAUNCH ... Solar photovoltaic system company JS Solar Holding Bhd on Thursday launched the prospectus for its initial public offering in conjunction with its upcoming listing on the ACE Market of Bursa Malaysia Securities. From left: JS Solar promoter and substantial shareholder Ikwan Hafiz Jamaludin, independent non-executive chairman Datuk Ahmad Fauzi Hasan and managing director Johnson Chai Jeun Sian; TA Securities Holdings Bhd corporate finance head Koo Mun Fong; and Eco Asia Capital Advisory Sdn Bhd managing director Kelvin Khoo.

ALL-ROUND APPROVAL ... Betamek Bhd shareholders approved all resolutions tabled at the company’s fourth annual general meeting and extraordinary general meeting held in Rawang on Thursday. They also approved the payment of a final single-tier dividend of one sen per ordinary share for the financial year ended March 31 2025, payable on Sept 12. From left are managing director Mirzan Mahathir, chairman Ahmad Subri Abdullah and chief financial officer Nor’ Azrin Nusi. Betamek is an original design manufacturer and a leading player in electronics manufacturing services for the automotive industry.

ENERGY SUPPLY DEAL ... Gas Malaysia Energy Advance Sdn Bhd (GMEA), a joint venture between Gas Malaysia Bhd and Tokyo Gas Engineering Solutions Corporation, have formalised a 15-year energy supply agreement with FGV IFFCO Sdn Bhd (FISB). GMEA will design, construct, own and operate a gas turbine co-generation system at FISB’s manufacturing facility. Displaying the signed documents are Gas Malaysia president and group CEO and GMEA chairman Ahmad Hashimi Abdul Manap (second, left) and FISB CEO Anurag Sen (third, left).