13/12/2025

BIZ & FINANCE SATURDAY | DEC 13, 2025

15

TOP SHOTS OF THE WEEK

UNDERWRITING DEAL ... End-to-end piping solutions provider ISF Group Bhd has entered into an underwriting agreement with Alliance Islamic Bank Bhd in conjunction with its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities. The IPO entails a public issuance of 185.3 million new ordinary shares and an offer for sale of 90 million existing shares. From left: ISF Group executive directors Lim Ay Yum and Ai Sew Fuat, managing director Jeff Ai Boon Chen; Alliance Islamic Bank CEO Rizal IL-Ehzan Fadil Azim; Alliance Bank Malaysia Bhd group chief corporate and institutional banking officer Teoh Chu Lin; Alliance Islamic Bank head/senior vice president, corporate finance, Islamic capital markets Tee Kok Wah and head/senior vice-president, coverage and origination of Islamic capital markets Lim Shueh Li.

U MOBILE-IGB TIE-UP ... U Mobile will deploy its next-generation 5G In-Building Coverage across 20 of IGB Bhd’s landmark properties, including Mid Valley Megamall, The Gardens Mall and The Mall, Mid Valley Southkey, enabling tenants, shoppers and visitors to reap the benefits of 5G technology. The partnership will also see U Mobile provide 5G indoor access in these buildings to other telcos. From left: U Mobile chief business officer How Lih Ren and deputy CEO Kenneth Chang; IGB Bhd deputy group CEO Tan Mei Sian and head of group property development Tan Yee Seng.

HEADS OF AGREEMENT ... Tanco Holdings Bhd, through wholly owned subsidiary Tanco Builders Sdn Bhd, has entered into a heads of agreement (HOA) with CCCC Dredging Southeast Asia Sdn Bhd (CDSA), a subsidiary of China Communications Construction Company (CCCC). The HOA establishes the framework for consideration of CDSA’s appointment as the engineering, procurement and construction contractor for the sea port component of Tanco’s Smart AI Container Port in Port Dickson, Negeri Sembian. At the signing are Midport Holdings Sdn Bhd executive director Datuk Wira Andy Chuah (fourth, right), CCCC Dredging Group Co Ltd vice-president Huang Daojin (fifth, left), CDSA general manager Chen Yangui (sixth, left), Tanco Builders managing director Eugene Choo Ewe Chuen (sixth, right), Tanco Holdings group managing director Datuk Seri Andrew Tan Jun Suan (fifth, right) and other executives and representatives posing after the signing of the HOA.

SAUCE FACTORY ... Otafuku Sauce Malaysia Sdn Bhd, a joint venture between Japan’s Otafuku Sauce Co Ltd and Sushi King Holdings Sdn Bhd on Wednesday celebrated the grand opening of its newly constructed halal-certified office and factory in Sendayan TechValley, Negeri Sembilan. At the grand opening are (from left) Otafuku Sauce Malaysia managing director Seito Kono, Texchem Life Sciences Sdn Bhd managing director Dr Yuma Konishi, Texchem Group executive chairman and founder Tan Sri Fumihiko Konishi, Japan Ambassador to Malaysia Shikata Noriyuki, Malaysian Investment Development Authority executive director of manufacturing development (resource) Surayu Susah, Otafuku Holdings Co Ltd president Naoyoshi Sasaki and Otafuku Sauce Co Ltd president and CEO okonomiyaki instructor Takatomi Sasaki. The facility commenced operations in July.

AWARD-WINNING GROUP ... Chin Hin Group Bhd and its listed subsidiaries Ajiya Bhd, Signature International Bhd and Fiamma Holdings Bhd secured five accolades at the HR Asia Awards 2025. Chin Hin, Ajiya, Signature and Fiamma received HR Asia Best Companies to Work for in Asia 2025 awards. Chin Hin also won the HR Asia Tech Empowerment Awards 2025, reflecting its progress in digitalising HR operations and enhancing employee experience. From left: Chin Hin group chief transformation officer Abel Saw, Chin Hin building materials division group CEO Ng Wai Luen, Fiamma group CEO Jimmy Tan and Signature International general manager and people Diane Lee Siok Wei, representing group CEO Lau Kock Sang.

KIA, REFRESHED ... Kia Sales Malaysia Sdn Bhd is geared to bring a refreshed experience to fans encountering the Kia brand across Malaysia. Addressing scepticism head on, Kia is ready to answer a question on most people’s mind - Why Kia? Leading the drive is Kia Sales Malaysia president and CEO Hyung Ho Kim (fourth, left) and managing director Emily Lek (fifth, left). With them are (from left) general manager, ownership, Rafhan Saiah; general manager, sales, Victor Chan; director, government relations and product, Hafiz Zaim; general manager, marketing, Vince Yeoh; and general manager, channel, Phang Chee Wei. South Korea’s Kia is the ninth largest automotive manufacturer in the world.