08/08/2026

BIZ & FINANCE SATURDAY | AUG 8, 2026

15

TOP SHOTS OF THE WEEK

UNDERWRITING DEAL ... GTA Holdings Bhd, an investment holding company whose subsidiary is principally involved in aviation maintenance, repair and overhaul related services specialising in helicopter and fixed-wing engines, their parts and components, has signed an underwriting agreement with Hong Leong Investment Bank Bhd (HLIB) for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities. HLIB is the principal adviser, sponsor, sole underwriter and sole placement agent for the IPO. Hong Leong Investment Bank group managing director/CEO Lee Jim Leng (left) and GTA Holdings group managing director/CEO Datuk Nonee Ashirin Mohd Radzi at the signing ceremony.

SCHOLARSHIP INITIATIVE ... The Asia School of Business (ASB) and Tan Sri Dr Lim Wee Chai, founder and executive chairman of Top Glove Corp Bhd, on Tuesday announced the establishment of the RM1 million Tan Sri Dr Lim Wee Chai Scholarship for Future Asean Leaders, a long-term philanthropic initiative aimed at nurturing outstanding future leaders who will contribute to the continued growth and prosperity of Malaysia and the Asean region. Lim (second, left) presenting a mock cheque to ASB president and dean Professor Joseph Cherian (third, right), together with Top Glove joint managing director Lim Jin Feng (left); founding chair and co-chair of board of governors of ASB Tan Sri Dr Zeti Akhtar Aziz (third, left); member of ASB board of directors Datuk Izzaddin Idris (second, right); and ASB associate professor II of organisational behaviour, associate dean, student journey, Professor Yi-Ren Wang.

TALENT DEVELOPMENT ... Schneider Electric and Sunway University have signed a five-year memorandum of understanding (MoU) to develop the next generation of talent in energy technology, digitalisation, automation and sustainability, supporting Malaysia’s transition towards a more sustainable and digital economy. The partnership aims to help bridge the gap between classroom learning and workplace expectations by giving students greater exposure to real-world industry needs. Sunway University president and vice-chancellor Professor Sibrandes Poppema (centre left) and Schneider Electric Malaysia country president Eugene Quah (centre right) exchange documents following the signing of the MoU, witnessed by representatives from Sunway University and Schneider Electric Malaysia.

WIDER RETAIL REACH ... Midea, a global leader in smart home appliances, is expanding its retail footprint in Malaysia to over 3,100 outlets through a strategic partnership with 99 Speed Mart Sdn Bhd, the country’s largest mini market chain. The collaboration was formalised with the signing of a memorandum of understanding (MoU) between Midea and 99 Speed Mart. Customers at 99 Speed Mart outlets nationwide will be able to purchase a selection of Midea’s small home appliances. At the MoU signing are (from left) 99 Speed Mart executive director and CEO Lee Thiam Wah, COO Yong Eng Kwang, Midea Malaysia managing director Mark Tam and Midea Group president for Apac region Zeal Jiang.

KNIGHTS AND AWARDS ... The Knights Award officially commenced its fifth season with the recent launch of The Knights Award Season 5 at a press conference which brought together esteemed organisations, industry leaders and prominent public figures. Nominations are now officially open. The winners of The Knights Award are celebrated at an ‘ennoblement ceremony’ for their remarkable contributions to their industries, embodying excellence, innovation and sustainability apart from receiving a series of branding strategies aimed at enhancing their exposure and connection. The ‘ennoblement ceremony’ will take place in October at Dewan Filharmonik Petronas, Kuala Lumpur Convention Centre.

AMBANK REWARDS ... AmBank Islamic recently concluded the latest instalment of its flagship AmRewards 5.0 campaign with a prize handover ceremony and at the same time launched AmRewards 6.0 that kicked off on July 1 and runs until June 30 2027. Separately, AmBank has launched a refreshed AmBank Mastercard Debit Card with lounge access and cashback offers. Winners of the AmRewards 5.0 campaign with AmBank Islamic CEO Eqhwan Mokhzanee, AmBank Group managing director of retail banking Cheong Chee Wai and AmBank Group CEO Jamie Ling at the ceremony.