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BUSINESS

News in brief: June 16, 2022

16/06/2022 08:30 PM

GE-SHEN CORPORATION BHD’s indirect subsidiary Senja Emas Sdn Bhd has entered into a sale and purchase agreement with Big Five Capital Sdn Bhd to acquire a property located at Pusat Perniagaan Seri Aman, Sungai Bakap, Penang for RM6.5 million.

Senja Emas is a subsidiary of Polyplas Sdn Bhd, which is a wholly-owned subsidiary of Ge-Shen, the group said in a filing with Bursa Malaysia today

“The property is adjoined with Polyplas’ existing empty land which comes at an opportune time for Polyplas to have additional space directly next to the existing empty land which can allow for expansion and better production planning/process. Over time, the acquisition of property is expected to contribute to the generation of higher business revenue to the company,” it said.

-- BERNAMA

 

 

TA WIN HOLDINGS BHD’s wholly owned subsidiary Ta Win Copper Biohealth Sdn Bhd has entered into a share sale agreement with Poly Laboratories Sdn Bhd and Jelita Serbaneka Sdn Bhd to dispose of 3.897 million ordinary shares in Royce Pharma Manufacturing Sdn Bhd, representing approximately 32.5 per cent of the total issued and paid-up ordinary shares of Royce Pharma for RM20.85 million.

Upon completion of the disposal, the company’s continues to account for investment in Royce Pharma as an associate company via its 1.8 million preference shares, the group said in a filing with Bursa Malaysia today.

“The proposed disposal would streamline the business operation of Ta Win by freeing up financial and operational resources to focus on strengthening subsidiary companies and/or seek other profitable copper related business development opportunities,” it said.

-- BERNAMA

 

 

MALAYSIA PRODUCTIVITY CORPORATION (MPC) remains committed to working with CJ Bio Malaysia Sdn Bhd for the implementation of productivity improvement programmes at the company level which is one of the efforts to increase the competitiveness of industry players involved in the livestock industry value chain.

In a statement today, MPC said the collaboration with CJ Bio Malaysia was one of the initiatives that helped the company optimise the production efficiency of livestock feed supplements, namely L-Methionine  through the fermentation process.

“Through this initiative, CJ Bio Malaysia has successfully implemented 414 productivity improvement projects with estimated cost savings of almost RM70 million and an increase in the company's revenue to RM295 million per year," he said.

-- BERNAMA

 

 

INFOBIP’s commissioned study to understand how human and automated engagement has evolved revealed that 41 per cent of surveyed Malaysians fall into the ‘Affluent Hybrid-Shoppers’ persona and consumers within this persona are comfortable switching between digital and human touchpoints.

The study, prepared by Forrester Consulting, seeks to highlight whether the dominance of digital transformation has given rise to self-service and automated support or are customers still expecting real-time personalised services and interactions from live human agents, Infobip said in a statement today.

“This indicates a rather balanced preference by Malaysians when it comes to receiving customer support from brands, posing an opportunity for brands to better strategise their play of hybrid customers experience to meet the needs of customers today,” it said.

-- BERNAMA

 

 

 

BANK RAKYAT is expected to complete the Organisational Anti-Corruption Plan (OACP) by the end of this year which will have an impact in addressing issues involving governance, integrity and anti-corruption.

In a statement today, Bank Rakyat said it always supported and fully supported the government's initiatives by ensuring the highest level of integrity and ethics, thus complying with the anti-corruption related laws and regulations.

“Bank Rakyat has also developed an Anti-Bribery and Corruption Policy, implemented an ongoing management commitment statement and supported anti-corruption efforts through effective corruption risk management, internal control systems, assessment and monitoring as well as training and communication sessions as a whole,” it said.

-- BERNAMA

 

 


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