USAMAH BIN ZAID
ALTERNATE DIRECTOR TO ZAID BIN ABDULLAH

AGE : 39 .a GENDER : MALE

Date of Appointment: 1 July 2020

Academic/professional qualification/membership(s}
• Master in Business Administration, Management & Science University (2015}
• General Islamic Studies. Darul Uloom Zakariya Islamic University, South Africa (2010)
• Member of Institute of Corporate Directors Malaysia

Experience:
• Chief Executive Officer, Alam Sekitar Malaysia Sdn Bhd (2021 - present)
• Deputy Chief Executive Officer,
Alam Sekitar Malaysia Sdn Bhd (2020)
• Senior General Manager, Zaiyadal Keluarga Sdn Bhd (2020)
• Chief Executive Officer, Intelligent Aqua
Sdn Bhd (2018 - 2019)
• General Manager (Business Development),
Alam Sekitar Malaysia Sdn Bhd (2016 - 2018)
• Business Development Executive, Alam Sekitar Eco-Technology Sdn Bhd
(2013 - 2016)
• Business Development Executive, PJ Bumi Berhad (2010 - 2013)
• Syariah Advisor to the Group, Progressive Impact Corporation Berhad (July 2010 - October 2010)

Usamah is the son of Zaid bin Abdullah and Zaidah binti Mohd Salleh and brother of Fatimah Zahrah bintl Zaid.

ZAID BIN ABDULLAH
EXECUTIVE DEPUTY CHAIRMAN

AGE : 71 • GENDER : MALE •

Date of Appointment . 1 November 1990 Board Meeting Attendance in 2022 : 7/8

Academic/professional qualification/membership(s)
• Bachelor of Economics (Accounting), University of Malaya
• Advance Diploma in Accounting, University of Malaya
• Member of Malaysian Institute of Accountants
• Member of Institute of Corporate Directors Malaysia

Experience:
• The founder of PICORP Group of Companies
• Group Executive Director of Shapadu Group of Companies (1982 - 1992) Director of Finance in Shapadu Corporation (1978 - 1982)
Award and recognition
• Most Promising Entrepreneurship Award I APEA 2013.
He is the spouse of Zaidah binti Mohd Salleh, father of Usamah bin Zaid and Fatimah Zahrah binti Zaid and a major shareholder of PICORP

ZAIDAH BINTI
MOHD SALLEH
NON-INDEPENDENT
NON-EXECUTIVE DIRECTOR

AGE: 68 • GENDER: FEMALE •

Date of Appointment : 1 November 1990 Board Meeting Attendance in 2022 : 8/8

Board Committees Membership(s)
Member of Audit Committee.

Academic/professional
q u alltl ca tlo n/memb ershlp(s)
• University of Malaya with Bachelor of Economics (Accounting) (1977)
• Advance Diploma In Accounting (1978)
• Member of the Malaysian Institute of Accountants
Chartered Accountant. Malaysian Institute of Accountants
Member of Institute of Corporate Directors Malaysia

Experience:
• Co-founder of PICORP Group of Companies Company Secretary of PICORP Group of Companies
Group E ecutive Director, PICORP Group of Companies (2003 - 2009) Group Financial Controller, PICORP Group of Companies (1993 - 2003) Senior Accountant (Operations), Telekom Malaysia (1989 - 1993)
• Regional Accountant, Regional Accounts Division, Telekom Malaysia (1984 - 1989)
• Financial Controller ("G") Jabatan Telekom (1981 - 1984)
• Accountant, Jabatan Telekom (1978 -1981)

She is the spouse of Zaid bin Abdullah, mother of Usamah bin Zaid and Fatimah Zahrah binti Zaid and a major shareholder of PICORP.

DATUK ABDUL HAMID BIN SAWAL
CHAIRMAN, SENIOR INDEPENDENT NON-EXECUTIVE DIRECTOR

AGE: 74 • GENDER. MALE •

Date of Appointment : 23 May 2011 Board Meeting Attendance in 2022 : 8/8

Academic/professional qualiticatlon/membershlp(s)
• Bachelor of Economics (Accounting) with Honours, University of Malaya
• MBA in Agribusiness. University of Santa Clara, California, USA.
• Member of Institute of Corporate Directors Malaysia

Experience:
• Director General, Malaysian Rubber Board (January 2000 - 2006)
• Deputy Secretary Genera Ministry of Primary
Industries (June 1999 - Dec 1999)
• Deputy Director General (Sectoral) in the Economic Planning Unit, Prime Minister's Department (1997 - June 1999)
• Head of Privatisation Task Force, Economic Planning Unit (1989 - 1997)
• Ministry of Primary Industries (1974-1989)
• Joined the Ministry of Finance (Treasury-Finance Division) in 1971
and Accountant General's Department.
Experience:
• Director HIS Toyyiba Sdn. Bhd. (2021 - present)
• Adjunct Professor at Corporate Strategy Centre, Universiti Malaya
( 2021 - present)
• Group Executive Director, Zaiyadal Group of Companies (2018 - present)
• Director of UKM Holdings (2021 - Feb 2022)
Adjunct Felow at Kulliyyah of Economics and Management Sciences,International Islamic University Malaysia (2019 - 2020) President of ACCA Malaysia Advisory Committee (2014 - 2016)
• Deputy Chief Executive Officer, Proton Holdings Berhad (2012 - 2014)
• Group Chief Operating Officer, DRB-HICOM Berhad (2011 - 2012)
• Group Chief Financial Officer, DRB-HICOM Berhad (2008-2011)
• Proton Berhad (1991 - 2008 : 17 years)
• Proton Part Centre Sdn Bhd
• PHN Industry Sdn Bhd (last position as Managing Director)
• Automotive Corporation (Malaysia) Sdn Bhd (1990 -1991)
• Sun Refinng and Marketing, Phildelphia, USA (1989 - 1990)

Award and recognition
• Best National Award for Management Accounting
• DRB-HICOM's Best CEO of 2007
• Best Vendor Awards from TOYOTA, Honda, Proton and Perodua

LABORATORY TESTING
SERVICES
MALAYSIA
• ALS Technichem
(Malaysia) Sdn Bhd 59%
INTERNATIONAL
• PT ALS Indonesia 80%

ENVIRONMENTAL
MONITORING,
CONSULTANCY
& SERVICES

MALAYSIA
• Alam Sekitar
Malaysia Sdn Bhd
• Asma
Environmental
Consultancy
Sdn Bhd
• Alam Sekitar
Eco-Technology
Sdn Bhd
100%
100%
90%
INTERNATIONAL
• Asma International
Sdn Bhd
• Saudi Asma
Environmental
Solutions LLC
100%
100%

preparing for exit kot? all the former directors have left :)

Tuesday, 30 May 2023
7:24PM
PICORP Retirement of LEE WENG CHONG As Others
7:23PM
PICORP Redesignation of ROSNANI BINTI IBARAHIM As Others
7:23PM
PICORP Change in Nomination Committee
7:21PM
PICORP Change in Nomination Committee
7:21PM
PICORP Change in Remuneration Committee
7:20PM
PICORP Change in Nomination Committee
7:20PM
PICORP Change in Remuneration Committee
7:20PM
PICORP Change in Remuneration Committee
7:19PM
PICORP Appointment of SYED HISHAM BIN SYED WAZIR As Chairman
7:19PM
PICORP Retirement of ABDUL HAMID BIN SAWAL As Chairman
7:19PM
PICORP Retirement of LEE WENG CHONG As Others
7:13PM
PICORP General Meetings: Outcome of Meeting
7:13PM
PICORP 1Q net profit 0.397 million

The old founder better sells to tycoons in saudi arabia or Indonesia for his stake in Picorp. Better late than never :)

Progressive Impact Corporation Berhad (PICORP) is a company that provides environmental monitoring, consultancy, and services in Malaysia, Indonesia, and Saudi Arabia. The company's business is expected to grow in these countries due to the following factors:

Increasing environmental regulations: All three countries are implementing stricter environmental regulations in order to protect their natural resources and improve air and water quality. This is creating demand for PICORP's services, as companies and government agencies need to comply with these regulations.
Growing economies: Malaysia, Indonesia, and Saudi Arabia are all growing economies, which is leading to increased industrial activity and urbanization. This is also creating demand for PICORP's services, as companies and government agencies need to manage the environmental impacts of this growth.
Government support: The governments of Malaysia, Indonesia, and Saudi Arabia are supportive of environmental sustainability. They are providing financial incentives and other support to companies that are committed to reducing their environmental impact. This is creating opportunities for PICORP to grow its business.
In addition to these factors, PICORP is also well-positioned to benefit from the growth of the environmental services market in these countries. The environmental services market is expected to grow at a compound annual growth rate (CAGR) of 7.5% from 2022 to 2027. This growth is being driven by the factors mentioned above, as well as the increasing awareness of environmental issues among businesses and consumers.

As a result of these factors, PICORP is well-positioned to grow its business in Malaysia, Indonesia, and Saudi Arabia. The company's increased investment in these countries is likely to lead to more business and revenue in the coming years.

Here are some specific examples of how PICORP is benefiting from increased investments in Malaysia, Indonesia, and Saudi Arabia:

In Malaysia, PICORP has won a number of contracts to provide environmental monitoring and consultancy services to government agencies and private companies. The company is also involved in the development of a new wastewater treatment plant in Kuala Lumpur.
In Indonesia, PICORP is working with a number of companies to reduce their environmental impact. The company has also been awarded a contract to provide environmental monitoring services to a new oil and gas refinery in Jakarta.
In Saudi Arabia, PICORP is working with the government to develop a new environmental management plan for the country. The company is also involved in the construction of a new wastewater treatment plant in Riyadh.
These are just a few examples of how PICORP is benefiting from increased investments in Malaysia, Indonesia, and Saudi Arabia. The company is well-positioned to continue to grow its business in these countries in the coming years.

Progressive Impact Corporation Berhad (PICORP) is a good choice for an ESG stock for several reasons.

It is a company that is focused on environmental sustainability. PICORP's core business is environmental monitoring, consultancy, and services. This includes providing services in air, water, wastewater, and public health. PICORP is committed to reducing its environmental impact and has a number of sustainability initiatives in place, such as using renewable energy and reducing its waste output.
It is a company with a good track record of corporate governance. PICORP has a strong board of directors with a diverse range of experience. The company also has a number of policies and procedures in place to ensure good corporate governance, such as a code of ethics and a whistleblowing policy.
It is a company that is financially sound. PICORP has a strong balance sheet with a healthy cash flow. The company has also been profitable in recent years.
In addition to these factors, PICORP is also listed on the FTSE4Good Malaysia Index, which is a benchmark index of companies that meet high standards of corporate responsibility. This suggests that PICORP is a good choice for investors who are looking for an ESG stock with a strong environmental, social, and governance track record.

Yes, Progressive Impact Corporation Berhad (PICORP) is an ESG company. ESG stands for Environmental, Social, and Governance. ESG companies are those that are committed to operating in a sustainable and responsible manner. PICORP is committed to environmental protection, social responsibility, and good corporate governance.

Here are some of the ways in which PICORP is an ESG company:

Environmental protection: PICORP provides environmental consulting, monitoring, and testing services to help businesses and organizations reduce their environmental impact. PICORP also has a number of environmental initiatives in place, such as its waste management program and its water conservation program.
Social responsibility: PICORP is committed to giving back to the community. The company supports a number of social causes, such as education, healthcare, and poverty alleviation. PICORP also has a number of employee engagement programs in place, such as its volunteer program and its wellness program.
Good corporate governance: PICORP is committed to good corporate governance practices. The company has a board of directors that is composed of independent and experienced directors. PICORP also has a number of corporate governance policies and procedures in place, such as its code of conduct and its whistleblowing policy.
PICORP's commitment to ESG has been recognized by a number of organizations. In 2022, PICORP was awarded the Malaysia Green Technology Corporation (GreenTech Malaysia)'s Gold Award for its environmental sustainability initiatives. PICORP was also named one of the Top 100 ESG Companies in Malaysia by the Malaysia Business Council for Sustainable Development (MBCSD).

History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
01/06/2021 00:00:00 0.2150 0.0250 500,000 500,000 107,500 107,500 0.2150 0.0760 -
30/08/2018 00:00:00 0.1300 - 100,000 100,000 13,000 13,000 0.1300 0.0152 -
30/03/2018 00:00:00 0.1500 0.0100 100,000 100,000 15,000 15,000 0.1500 0.0152 -

DIRECT BIZ TRANSACTION:

Highest Price 0.4600 First Occurred on 21/01/2009
Lowest Price 0.1300 First Occurred on 12/06/2013
Highest Volume 10.000m First Occurred on 15/01/2009

Bagus!

Progressive Impact Corporation Berhad, like many other companies, experienced a rebound in its performance following the COVID-19 pandemic. The rebound can be attributed to several factors:

1. Economic recovery: As the global economy started to recover from the effects of the pandemic, there was an increase in demand for goods and services. This resulted in a positive impact on Progressive Impact Corporation Berhad's business operations.

2. Government support: Many governments around the world introduced economic stimulus packages to support businesses during the pandemic. These measures helped sustain the company's operations and provided a bridge for recovery.

3. Shift in consumer behavior: The pandemic forced individuals and businesses to adapt and change their behavior. This led to an increased demand for certain industries, such as e-commerce, healthcare, and technology. If Progressive Impact Corporation Berhad operates in these sectors, it likely experienced a rebound in its business.

4. Strategic adaptation: Progressive Impact Corporation Berhad might have implemented strategic changes to its business model, operations, or offerings.

It should be good for picorp, Indonesia is a major market of picorp, got subsidiary in Indonesia.


UPDATE 1-Indonesia Q2 GDP growth highest in three quarters

JAKARTA: Indonesia's economic growth in the second quarter accelerated unexpectedly and came in above market predictions, despite its exports weakening amid falling commodity prices.

Southeast Asia's biggest economy expanded 5.17% in the April-June quarter from the same period a year earlier, faster than the 4.93% growth expected by economists polled by Reuters and the highest growth rate in three quarters. First-quarter growth was revised up slightly to 5.04%.

On a quarterly, non-seasonally adjusted basis, GDP expanded 3.86%, compared with the poll's prediction of 3.72% growth.

Indonesia's post-pandemic recovery received a boost from a commodities-led export boom last year, but analysts expect momentum to cool as prices of its top products, like palm oil and coal, fall and global demand weakens amid interest rate hikes in many countries.

Indonesia's own monetary tightening of 225 basis points from August 2022 to January 2023, was also seen hurting domestic demand.

Aiding GDP growth in the second quarter was household spending for the Muslim fasting month and Eid al-Fitr festivities, which fell in late April, analysts said.

Last year's growth was 5.3%, a nine-year high. The government targets the same growth rate for 2023. The central bank predicts GDP will expand in a range of 4.5% to 5.3% this year. (Reporting by Stefanno Sulaiman, Fransiska Nangoy and Gayatri Suroyo; Editing by Martin Petty)

The brokerage also expects gaming stocks to charge up after Malaysia’s August 12 state elections.

“We embrace the scenario of the unity government retaining a comfortable majority in the three states under its control in this weekend’s election, and expect investors to fully focus on the gaming stocks’ strong earnings rebound in 2Q23 and lush prospective dividends,” noted UOBKH Research.

Meanwhile, in a separate strategy report on Malaysia, UOBKH Research expects the market to continue to trend higher after the upcoming state elections.

“This is under the scenario that the unity government retains a comfortable majority in the contesting states under its control,” it added.

An outcome favoring the current government will lift market sentiment and encourage more local and foreign investor commitments, while results that indicate an erosion of support for the unity government could adversely affect investor sentiment and prolong correction

Buat share buyback tak payah bagi dividen :)

Total syer for sale till 10sen, hanya ~RM400K je in value :)

Tunggu till threshold 10sen pecah, naik nonstop nanti

CIMB Bank Berhad dan CIMB Islamic Bank Berhad memperkenalkan cawangan pertama dengan ciri-ciri kelestarian bersepadu di IOI City Towers@IOI Resort City, Putrajaya, sebuah bangunan hijau yang disahkan oleh Indeks Bangunan Hijau (GBI).

Cawangan ini adalah yang pertama dari CIMB mengintegrasikan unsur mesra alam serta pendekatan sosial yang inklusif merentasi reka bentuk dan operasinya, serta membolehkan Bank mengurangkan impak alam sekitar dan memupuk persekitaran perbankan lebih inklusif.

Ketua Pegawai Eksekutif, Perbankan Pengguna dan Digital Kumpulan, CIMB Group, Effendy Shahul Hamid berkata, perbankan bukan saja tertumpu kepada sesuatu produk atau perkhidmatan, tetapi juga tentang memastikan keprihatinan dalam menjangka keperluan pelanggan.

"Kami berbangga untuk memperkenalkan cawangan pertama seumpamanya di Malaysia yang menunjukkan komitmen CIMB terhadap pendekatan sosial yang inklusif dan pengurangan impak terhadap alam sekitar.

"Di CIMB, kami percaya sepenuhnya dalam memastikan bahawa semua anggota masyarakat, termasuk mereka yang mempunyai keperluan khas, dapat mengakses perkhidmatan kewangan dengan mudah.

"Melalui usaha berterusan kami dalam pendigitalan dan penambahbaikan kepada rangkaian cawangan CIMB untuk meningkatkan aksesibiliti, kami berhasrat untuk memastikan semua pelanggan berasa selesa dan dihargai semasa menjalankan aktiviti perbankan dengan CIMB," katanya dalam kenyataan.

Menurutnya, sejajar dengan agenda kewangan lestari berkenaan, CIMB akan mengambil pendekatan yang mengutamakan prinsip ESG dalam mempromosikan rangkaian penyelesaian ditawarkan.

"Tawaran yang disediakan oleh CIMB termasuk pembiayaan rumah hijau, pembiayaan kenderaan elektrik (EV), pembiayaan panel solar, produk pengurusan kekayaan berasaskan ESG, pembiayaan bagi golongan B40, dan juga deposit berfokuskan alam sekitar," katanya.

Katanya, dalam menyokong komitmen CIMB berkenaan alam sekitar, cawangan itu turut mempunyai ciri yang boleh membantu mengurangkan penggunaan tenaga dan pelepasan gas rumah hijau (GHG).

"Ciri-ciri ini termasuk penggunaan sistem penyejukan dan pencahayaan yang efisien, bahan binaan mampan dengan kandungan kitar semula yang diperakui serta perabot pejabat lama yang digunakan semula," katanya.

Effendy berkata, penyepaduan ciri kemampanan di rangkaian cawangan CIMB akan menjadi tunjang utama pendekatan CIMB pada masa akan datang, selaras dengan komitmen CIMB untuk menerajui inisiatif operasi neutral karbon menjelang 2030.

"Kami akan berusaha untuk memastikan cawangan-cawangan baharu direka bentuk untuk mengurangkan pelepasan serta impak kepada alam sekitar," katanya.

Aug 7: A global failure to curb carbon emissions will lead to rising debt-servicing costs for 59 nations within the next decade, according to a study that simulated the economic impact of climate change on current sovereign credit ratings.

Among them, China, India, the United States and Canada could expect higher costs as their credit scores fall by two notches under a "climate-adjusted" ratings system, the study published in the Management Science journal on Monday found.

"Our results support the idea that deferring green investments will increase costs of borrowing for nations, which will translate into higher costs of corporate debt," researcher Patrycja Klusak said of the study led by the University of East Anglia (UEA) and the University of Cambridge.

Rising debt costs would be just one extra facet of the overall economic damage which climate change is already causing. Insurance giant Allianz estimates that recent heatwaves will already have shaved 0.6% points off global output this year.

While ratings agencies acknowledge the vulnerability of economies to climate change, they have so far been cautious in quantifying those risks in their ratings exercises because of uncertainties about the likely extent of the damage.

The UEA/Cambridge study trained artificial intelligence models on S&P Global's existing ratings and then combined that with climate economic models and S&P's own natural disaster risk assessments to create new ratings for various climate scenarios.

A downgrade to 59 sovereigns emerged from a so-called RCP 8.5 scenario of emissions that keep rising. By comparison, 48 sovereigns experienced downgrades between January 2020 and February 2021 during the turmoil of the COVID-19 pandemic.

If the planet manages to stick to the goal of the Paris Climate Agreement, with temperatures held under a two-degree rise, sovereign credit ratings would under the simulation see no impact in the short-term and only limited long-term effects.

A worst-case scenario of high emissions through to the end of the century would on the other hand result in higher global debt-servicing costs, rising up to the hundreds of billions of dollars in current money, the model found.

While developing nations with lower credit scores are seen hit hardest by the physical effects of climate change, nations with the highest ranking credit scores were likely to face more severe downgrades simply because they have furthest to fall.

"There are no winners," Klusak said in an interview.

The findings come as regulators around the world seek to better understand just how much damage to economies and the global financial system to expect from climate change. A European Central Bank paper last year urged greater clarity in how those risks were being built into credit ratings.

S&P Global Ratings has published the environmental, social and governance (ESG) principles used in its credit ratings which include reference to the risk of economic damage from climate change and the costs associated with mitigating it. It declined to comment on the UEA/Cambridge study.

Fitch Ratings pointed to its system of "ESG Relevance Scores" as including factors such as exposure to environment impacts as one component in its assessments.

"These are longstanding and increasingly important rating factors which we continue to weigh in our analysis and publish frequent research and commentary upon," it said in response to a request for comment.

(Writing and reporting by Mark John; Editing by Hugh Lawson)

KUALA LUMPUR: Malaysia and Indonesia, the world's largest palm oil producers, have agreed with the European Union to promote mutual understanding and address concerns over EU Deforestation Regulation (EUDR) and benchmarking.

This is being undertaken through an ad hoc joint task force (JTF) co-chaired by the three parties.

The JTF had its first meeting in Jakarta on Saturday, with the three parties agreeing to the terms of reference for the task force's work.

The terms of reference include issues such as the inclusivity of smallholders in the supply chain, national certification schemes (land legality and cut-off date for deforestation), traceability from producer to end-consumer, scientific data on deforestation and forest degradation, and protection of data.

JTF, in a statement, said it will establish a dialogue and relevant workstreams, led by the respective governments, to build mutual understanding on the implementation of the regulation and its core aspects, including benchmarking.

The meeting was co-chaired by Dr. Musdhalifah Machmud, Deputy Minister for Food and Agribusiness of Indonesia, Datuk Mad Zaidi Mohd Karli, secretary general Plantation and Commodities Ministry and Astrid Schomaker, director for green diplomacy and multilateralism of the European Commission.

The meeting was held following a joint mission carried out by Indonesia and Malaysia to Brussels on May 30-31 this year and the follow-up visit of the EC to Indonesia and Malaysia on June 26-28.

Following the meeting in Brussels, the three parties agreed to identify practical solutions and approaches relevant to the implementation of the EUDR.

"JTF is a platform to serve as a consultative mechanism to support coordination and promotion of mutual understanding between Indonesia, Malaysia, and the European Union," it said.

Musdhalifah affirmed that the meeting was held to reach a common understanding, while Mad Zaidi stressed that cooperation is the way forward and solutions can be inspired by best practices across sectors.

Schomaker, meanwhile, expressed acknowledgement on the progress made by Indonesia and Malaysia on reducing deforestation and welcomed sharing information and further clarification of the regulation.

The JTF will conclude its work by the end of 2024, with the possibility to be extended upon mutual agreement.

The meeting also shared information on the implementation of Indonesia Sustainable Palm Oil and Malaysia Sustainable Palm Oil as well as the available traceability tools.

The next meeting is tentatively scheduled to take place at the end of November.

Securities Commission Malaysia chairman Datuk Seri Dr Awang Adek Hussin

KUALA LUMPUR: Creating greater market vibrancy and intensifying efforts to leverage the sustainability agenda, as well as Malaysia’s leadership in the Islamic Capital Market were among the key topics discussed at the Securities Commission (SC) Industry Dialogue 2023 (SCID 2023) last week.

The annual industry dialogue was held to discuss and deliberate on key areas to further develop and grow the capital market, following the launch of the Madani Economy by Prime Minister Datuk Seri Anwar Ibrahim on July 27.

The SCID 2023 saw 60 capital market industry leaders and senior representatives sharing ideas and proposals as well as highlighting issues and challenges under three broad areas, namely, investment opportunities, funding inclusivity and market reforms in the capital market.

"By continuing to collaborate with various stakeholders, the SC can leverage their expertise to drive the required reforms and improvements towards strengthening the Malaysian capital market’s vibrancy, inclusivity and competitiveness,” SC chairman Datuk Seri Dr Awang Adek Hussin said in a statement today.

Participants also discussed the recent capital market measures announced by the prime minister, namely, reducing the current board lot size for trading on Bursa Malaysia to a more affordable level and enabling fractional share trading by investors through stockbrokers.

They also discussed enabling automatic transfer for companies listed on the ACE Market to the Main Market of Bursa Malaysia, subject to meeting certain criteria.

Awang Adek said Bursa Malaysia is looking into reducing the board lot for trading from 100 units to an appropriate level, taking into account the need for the most effective implementation approach, with brokers agreeing to review the current minimum commission to allow for the lowering of board lot size.

He noted that these measures will provide greater stock market accessibility to a wider group of investors, especially retail and younger investors.

"This will also increase trading and liquidity that would benefit both companies and investors and create a more active and dynamic market environment,” he said.

The SC has also agreed to provide securities brokers flexibility to offer fractional trading of shares listed on Bursa Malaysia to enhance retail investors’ access to the stock market.

However, they will need to adhere to a set of broad principles, such as price transparency, said Awang Adek.

Commenting on the automatic transfer of companies listed on the ACE Market to the Main Market of Bursa Malaysia, he said the move would benefit qualified ACE Market companies by providing them with greater visibility and access to a larger pool of investors.

Additionally, the increased number of listed companies with large market capitalisation on the Main Market will offer investors -- particularly large as well as foreign investors -- a diverse range of investment opportunities in the Malaysian capital market.

He said the criteria and process are currently being reviewed and discussed together with Bursa Malaysia, and further announcements will be made when the framework is finalised. - Bernama

Hidden hand gang :)

Annual Report 2023 OVERSEA ENTERPRISE BERHAD [Registration No. 199401031473 (317155-U)] 11
DATUK CHAI WOON CHET
Executive Director
Age 44 • Malaysian • Male
Date of appointment as Director:
7 October 2020
Length of service as director
since appointment
(as at 30 June 2023):
2 years 8 months
Board Committee(s) served on:
Nil
Academic/Professional Qualification(s):
Diploma in Business Economics and Marketing from KDU University
College
Present Directorship(s) in other Public/Listed Companies:
l Anzo Holdings Berhad
l XOX Technology Berhad
Family relationship with any Director and/or major shareholder of the
Company:
Nil
Working experience:
Datuk Chai was a Marketing Manager of Sanbumi Sawmill Sdn. Bhd. (a
wholly-owned subsidiary of Sanbumi Holdings Berhad which is listed
on the Main Board of Bursa Malaysia Securities Berhad). He had been
involved in the timber business industry with buyers from Japan, Europe,
South Africa and Korea for the past ten (10) years. He also has extensive
experience in property development, construction and the automotive
sector.
Datuk Chai was formerly the Group Managing Director of XOX Berhad.
XOX is a mobile operator offering consumers full-fledged mobile services
with unparalleled charging and payment flexibilities. Being awarded
the mobile numbers by MCMC, leveraging on the widest nationwide
coverage and riding on the full spectrum of services ranging from GSM,
GPRS, 3G to 3.5G, XOX is positioned to serve its niche target market, the
Chinese community in particular, with innovative and revolutionary mobile
and convergence services. XOX is vibrant with its marketing efforts in
positioning itself as a Telco that provides comprehensive Chinese centric
contents and value-added services to enrich and enhance the user
experience in mobile services.
Datuk Chai was formerly the Managing Director of Lintasan Mayang
Development Sdn Bhd, which is the developer for Sabah’s biggest
integrated township, Alamesra, an innovative 265 acre of mixed
development with gross development value of RM1.3 billion. Datuk Chai
was also the former managing director of Maxims Circle Development
Sdn Bhd, which carried out property development projects at Kuala
Lumpur with gross development value of RM23 million in Taman
Permata, Melawati and RM66 million in Segambut.
Currently, Datuk Chai is Director in Anzo Holdings Berhad, XOX
Technology Berhad and also sits on the board of directors of various
other private companies. Datuk is a substantial shareholder of the
Company.
Time committed:
Datuk Chai has attended all five (5) Board of Directors’ (“Board”)
Meetings of the Company held after his appointment as an Executive
Director in the financial year ended 31 March 2023 (“FYE 2023”).

Big 4, ey masih external auditor bagi picorp :)

Description To re-appoint Messrs Ernst & Young PLT as Auditors of the Company and authorise the Directors to fix their remuneration.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 222 90
No. of Shares 392,802,267 65,339
% of Voted Shares 99.9834 0.0166
Result Accepted

More chances for picorp.


International Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR: Malaysia is on the right track to realise the country’s efforts in attracting more high-impact investments which ultimately would elevate its economy to a higher level.

Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz said he is confident that the available incentives and focus on key sectors are able to drive employment, household income and economic sustainability.

Five key target sectors that are given emphasis are aerospace, chemicals/petrochemicals, digital economy, electrical and electronics, and pharmaceuticals

He also said Malaysia has always maintained good diplomatic relationships with its major trading partners and main sources of foreign direct investment (FDI), subsequently ensuring that investors continue to express confidence in investing in the country.

He cited an example relating to the latest announcement of an additional investment of up to €5 billion (€1 =RM4.99) by Infineon Technologies AG which reflected investors’ confidence in the Madani Economy concept.

Infineon Technologies yesterday announced the expansion of its Kulim facility to build the world’s largest 200-millimetre silicon carbide (SiC) power fabrication plant, with an additional investment of up to €5 billion over the next five years.

According to the company, the investment will potentially contribute an annual SiC revenue of about €7 billion by the end of the decade, together with the 200-millimetre SiC conversion in Villach, Austria and Kulim, Kedah.

"If at the government-to-government level is good, doesn’t matter, domestic or international investors will have confidence in the country’s ability,” he said when appearing as a guest on the Selamat Pagi Malaysia programme on Radio Televisyen Malaysia (RTM) today.

On the back of the confidence, Tengku Zafrul said the country has also seen a recovery in the ringgit’s performance.

"We can see that local and international companies are investing more and, at the same time, what’s important is that we can see the economic fundamentals are strengthening in terms of employment as well as lower unemployment and inflation.

"It’s all about confidence, actually, I believe we can achieve the gross domestic product target of 4.0-5.0 per cent this year and this would strengthen the ringgit further,” he said.

Nevertheless, he also stressed on the importance of local players to complete the nation’s ecosystem through domestic direct investment (DDI) to support the need of foreign investors.

"FDI will not flow into Malaysia if local companies fail to provide supplies, for example, sufficient raw materials and services as well as the required talent,” he said.

Hence, through the New Industrial Master Plan 2030 (NIMP2030), which is expected to be launched later this month, will spearhead the resilience of small and medium enterprises, among others, via automation and innovation.

He added that NIMP2030 is a comprehensive policy framework with clear strategies in the transformation of Malaysia’s industrial sector and a special task force, to be headed by Prime Minister Datuk Seri Anwar Ibrahim, will be established to focus on its implementation and success. - Bernama

passive investment strategy for 2-3 years, 2-3 kali ganda ROI nanti. mujurlah harga belum terbang lagi masih 8sen=NTA.... tak termasuk goodwill di indonesia, saudi dan disini... picorp juga bukan baru ditubuhkan,, dah lama established :)

https://www.thestar.com.my/metro/metro-news/2023/08/04/finding-innovative-solutions-to-tackle-climate-change

macam oversea enterprise bhd, second gen, tak pandai biz, cash out. giliran picorp, tahap jualan pun dah stagnant selama 10 tahun ++, tak kan mau tunggu sampai pengasas haji mati pulak dah uzur 70+++ dah

8sen -> 10sen

-> 10sen -20sen

-> 20sen - 30sen

-> 30sen& above

Interesting !!!!!!!!!!!!!

35sen -> 6.5sen July 2023 -> 8sen now -> ? next price will be fun :)

Takeover case in Malaysia, another one :)
In 2021, Universal Robina of the Philippines acquired Munchy's for 1.925 billion Malaysian Ringgit.

Wait n see for picorp...


The Dutch company offered to buy OldTown for 1.47 billion ringgit ($361 million). Jacobs Douwe Egberts has been given the go-ahead by Singapore's competition watchdog to acquire Malaysian-listed coffee firm OldTown. In December, the Dutch company offered to buy OldTown for 1.47 billion ringgit ($361m).

Picorp dah lama bertapak di Indonesia, ada yg baru mau masuk pulak ;)


KUALA LUMPUR: Tohtonku Sdn Bhd (Tohtonku), syarikat penjagaan kulit wajah jenama Nutox akan membuka pejabat baharu di Indonesia bagi menembusi pasaran di negara itu.

Pengurus Pemasaran Kanan Tohtonku, Cecilia Lee berkata, negara itu adalah pasaran luar baharu selepas mengeksport ke Singapura dan beberapa negara Asia Tenggara lain sebelum ini.

Beliau berkata, pihaknya menyasarkan pasaran halal domestik akan terus meningkat di dalam dan luar negara berdasarkan permintaan pasaran semasa.

"Kami menyasarkan untuk meluaskan pasaran di Indonesia menerusi beberapa langkah dan strategi termasuk mempertingkatkan aspek bahan serta formulasi setiap produk keluarannya.

"Syarikat akan merintis penggunaan bahan yang lebih baik dan bersih untuk memenuhi pasaran terutama di luar negara dengan ta menitikberatkan segala aspek penggunaan bahan bagi memastikan kualiti berada pada tahap terbaik termasuk dilengkapi sistem penghantaran berkuasa tinggi iaitu Teknologi MIcro Targeting," katanya dalam satu kenyataan di sini baru-baru ini.

Ketika ini, syarikat yang beroperasi sejak 1964 ini mempunyai lebih daripada 15 jenama utama di bawah rangkaian produknya termasuk Ammeltz YokoYoko, Kool Fever, Nutox, Nanowhite, Follow Me, Ubermen, Silkpro, Can Can dan King Kong.

Mengulas lanjut, Cecilia memberitahu, rangkaian baharu Nutox Youth Resto­ring kini diper­tingkatkan daripada aspek bahan asas, teknologi, formulasi dan sarang burung premium bagi membantu ia mengekalkan lembapan dan sentiasa membekalkan kolagen ke dalam kulit.

Menurut beliau, sarang burung premium dapat membantu untuk menguatkan sistem penghalang kulit, membantu anda mengekalkan kulit yang kelihatan sihat dan anjal dan halus.

"Nutox kekal sebagai jenama penjagaan kulit Malaysia yang komited untuk membantu orang ramai mendapatkan kulit yang lebih berseri dan kelihatan muda.

"Pengenalan rangkaian baharu yang dipertingkat ini menggunakan bahan-bahan yang unggul seperti Sarang Burung Premium di mana nutrien yang diekstrak dari sarang burung akan membantu meningkatkan keadaan kulit dan melindunginya daripada tanda-tanda penuaan yang ketara.

"Bahan lain adalah Tremella Mushroom pula mengandungi 400 kali kuasa penghidratan dan lima kali ganda kapasiti penghidratan Asid Hyaluronik."Justeru, ia bakal memberi keberkesanan dengan sistem penghantaran yang berkuasa dan akan sentiasa membekalkan kolagen ke dalam kulit untuk lebih anjal, gebu dan licin," katanya.

Sebagai sebuah syarikat yang sudah menjalankan dan mengembangkan bisnes ke serata Asia sejak 1964 sehingga kini, Tohtonku mempunyai lebih daripada 800 pekerja dan mempunyai 19 jenama pengguna di bawah syarikatnya seperti Nutox, Follow Me, Nanowhite dan Ubermen.

"Kami bercita-cita untuk menjadi syarikat penjagaan diri yang paling progresif di Asia Tenggara dan untuk membina warisannya sebagai pemain terkemuka dengan produk kecantikan dan penjagaan diri yang stabil.

"Tohtonku juga tidak sabar-sabar untuk menghasilkan produk baharu yang akan memberi semua orang akses untuk kelihatan cantik dan berasa hebat supaya setiap orang benar-benar boleh menjadi 'diri terbaik' mereka," jelas beliau

Controlling shareholders must not oppress or unfairly discriminate against minority shareholders
of a company. Under Section 181 of the Companies Act (Section 346 under the New CA), the
courts have the power to make an order to, amongst others, prohibit any oppressive or
discriminatory act, or even regulate the conduct of the affairs of the company in the future.
Hence, if controlling shareholders pass resolutions which are oppressive against minority
shareholders, or disregard minorities' interests, Section 181 of the Companies Act can be
invoked (Re Kong Thai Sawmill (Miri) Sdn Bhd; Kong Thai Sawmill (Miri) Sdn Bhd & Ors v Ling
Beng Sung [1978] 2 MLJ 22). The Federal Court held that damages can be awarded in cases
where minority oppression has been established (Koh Jui Hiong @ Ko Jui Heong & Ors v Ki Tak
Sang @ Kee Tak Sang and another appeal [2014] 3 MLJ 10).
For public listed companies, the Code contains principles and rules governing the conduct of all
persons or parties involved in a take-over offer, merger or compulsory acquisition, including an
acquirer, offeror, offeree and their officers and associates. The basic policy underlying the Code
sets out general principles which are to be observed and complied with by all persons engaged
in any take-over or merger transaction. Some of the general principles central to this Chapter
are:
(a) the fair and equal treatment to all shareholders of an offeree of the same class, and
equal opportunities of participation in benefits accruing from take-over offers, including
in the premium payable for control;

(b) all shareholders, in particular, minority shareholders, shall not be subject to oppression
or disadvantage by the treatment and conduct of the acquirer or offeror, as the case
may be, or of the board of directors of the offeree; and
(c) board of directors of an offeree shall act in the interests of the shareholders as a whole
and shall not deny the shareholders the opportunity to decide on the take-over offer.

The Code on Take-overs and Mergers 1998 was the first codified law on takeover and merger in Malaysia. The 1998 Code was heavily influenced by the English takeover law. Due to the tremendous development on takeovers and mergers exercise, the 1998 Code was revised and later replaced by the Malaysian Code on Take-overs and Mergers 2010, deriving its power from section 217 of the Capital Market and Services Act 2007 (CMSA). The key objectives of the Code are to strengthen investor protection, institute higher standards of governance in takeovers and mergers activities, enhance transparency and improve efficiency. Takeovers and mergers in Malaysia have largely been friendly in nature. Takeover offer is widely defined and it covers scheme of arrangement, selective capital reduction, amalgamation and consolidation. The current Code thus provides a wider range of protection for shareholders as compared to the previous Code. Malaysia has opted for mandatory offer. The rationale for mandatory offer is to ensure that all shareholders are given the opportunity to sell their investment in the target company and they all get the opportunity to do so at the same price. The Code also provides for certain exemptions from a mandatory offer. The exemptions resemble those which are provided in the City Code of Takeovers and Mergers (UK); there are however certain exemptions which are unique to Malaysia. Malaysia also allows a bidder the right to compulsorily acquire the shares of dissenting shareholders of the target after fulfilling certain conditions as provided in the CMSA. The law also imposes upon the directors of the target the duty to act in good faith when making recommendations with respect to any takeover. The directors are also required to appoint an independent adviser to advise the shareholders of the target on whether the takeover offer is fair and reasonable. The terms "fair" and "reasonable" are not treated as a composite term. This approach has been criticized by a number of parties. The board of the target is not allowed to frustrate a takeover offer; the Code makes it clear that the shareholders of the target must be given the opportunity to decide on the merits of a takeover offer. The Securities Commission plays an important role in overseeing takeovers and mergers activities. The Commission is conferred with the power to approve offers and other documents issued in connection of takeovers, issue rulings and grant exemptions from a mandatory offer. Parties involved in takeovers and mergers must comply with the law. The sanctions for a breach of the Code involve not only criminal and civil actions but also administrative sanctions. The Commission has come up with guidelines, practice notes and from time to time, consultation papers, in order to provide better law for governing takeovers and mergers.

The depressed share prices of public-listed companies due to Covid-19 have technically helped make it easier to carry out M&As.

Tuesday, 30 May 2023
7:24PM
PICORP Retirement of LEE WENG CHONG As Others
7:23PM
PICORP Redesignation of ROSNANI BINTI IBARAHIM As Others
7:23PM
PICORP Change in Nomination Committee
7:21PM
PICORP Change in Nomination Committee
7:21PM
PICORP Change in Remuneration Committee
7:20PM
PICORP Change in Nomination Committee
7:20PM
PICORP Change in Remuneration Committee
7:20PM
PICORP Change in Remuneration Committee
7:19PM
PICORP Appointment of SYED HISHAM BIN SYED WAZIR As Chairman
7:19PM
PICORP Retirement of ABDUL HAMID BIN SAWAL As Chairman
7:19PM
PICORP Retirement of LEE WENG CHONG As Others
7:13PM
PICORP General Meetings: Outcome of Meeting
7:13PM
PICORP 1Q net profit 0.397 million

Name pengasas pun dah terjejas dan busuk kini, syer up35sen, kini biarkan 8sen balik :)

No wonder few independent directors resigned recently from picorp. Dah dah terlalu banyak kot

Mana ada genuine bizman biarkan syer sykt up 35sen, now 8sen jika tak terlibat, dll

Agreement btwn founder n share manipulator probably, wait n see

Saya percaya pengasas haji bersama ataupun benarkan geng syer manipulator bermain stoknya sebelum beliau lepaskan semua

Dia dah baru bangun :)



Save Print Back

7201 PICORP PROGRESSIVE IMPACT CORPORATION
Change in Boardroom
Date of Change: 30/05/2023
Type of Change: Appointment
Designation: Chairman
Directorate: Ind & N/Exec
Name: SYED HISHAM BIN SYED WAZIR
Age: 68
Country:
Nationality: Malaysia
Qualifications:
Working Experience and Occupation:
You are advised to read the entire contents of the announcement or
attachment. To read the entire contents of the announcement or attachment,
please access the Bursa website at http://www.bursamalaysia.com
Directorship of public companies (if any):
1. MSM Malaysia Holdings Berhad2. Bermaz Auto Berhad
Family relationship with any director and/or major shareholder of the listed issuer:
Nil
Details of any interest in the securities of the listed issuer or its subsidiaries:
Nil
Remarks:
Datuk Syed Hisham bin Syed Wazir's appointment took effect upon the
conclusion of the 31st Annual General Meeting held on 30 May 2023.
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

30/05/2023 07:00 AM


Ref Code: 202305303300817

Price & volume up, sesuatu :)




2023-08-02 0.075 0.08 +0.005 (6.666%) 3,810,600
2023-08-01 0.075 0.075 0.00 (0.00%) 405,700
2023-07-31 0.075 0.075 0.00 (0.00%) 119,700
2023-07-28 0.075 0.075 0.00 (0.00%) 421,000
2023-07-27 0.08 0.075 0.00 (0.00%) 400,200
2023-07-26 0.075 0.075 -0.005 (6.25%) 413,800
2023-07-25 0.075 0.08 +0.005 (6.666%) 744,100
2023-07-24 0.075 0.075 -0.005 (6.25%) 223,100

Many potential buyers for picorp in Indonesia .

Example:


Incitec Pivot has arranged site trips and due diligence for Pupuk Kaltim in recent days, AFR reported. — Reuters

BENGALURU: Incitec Pivot has tapped Indonesia’s Pupuk Kaltim as the preferred buyer of its Australian fertiliser business in a deal that could be worth about A$1.5bil (US$989mil or RM4.46bil), according to the Australian Financial Review (AFR).

The company has arranged site trips and due diligence for Pupuk Kaltim in recent days, the newspaper reported, citing sources familiar with the matter.

Incitec Pivot said in mid-July that it had received several approaches for the fertiliser business, and that an assessment of a potential sale was being considered.

Investors have pushed back in recent past against its plan to demerge its explosives manufacturing business Dyno Nobel through a separate listing to accelerate growth in the explosives and fertiliser segment.

Pupuk Kaltim is an Indonesian state-owned enterprise, which specialises in urea and ammonia production.

Both Incitec Pivot and Pupuk Kaltim did not immediately respond to Reuters’ requests for comment. — Reuters

MIDF Research noted that there was a divergence in net change to forward earnings between heavyweights and lesser-cap stocks.

PETALING JAYA: Corporate earnings are set to continue recovering and registering further growth in the second half of 2023 (2H23), backed by positive economic print projected for the period.

At the same time, the country’s economy is set to retain its growth trajectory for the rest of the year with continuous support from strong households and intact fundamentals, despite various external variables influencing growth in 1H23.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said earnings growth for 1H23 is estimated to be around 6% to 7%, while 2H23 may see an 11% to 12% growth track.

“Last year, earnings declined by 10% and this year we expect it to grow within 9.3% to 9.5%.

“More companies are likely to write back provisions in 2H23, and fundamentally, things are getting better with more active economic activities happening in the country,” he told Bernama.Nevertheless, Thong said growth will vary according to sectors.

“We saw decent growth in 1H23 and blue chips were doing well during the period.

“A few sectors will do well in 2H23, namely, oil and gas, construction, plantations, banking and real estate investment trusts,” he added.

Meanwhile, in its review of the first quarter of 2023 (1Q23), MIDF Research noted that there was a divergence in net change to forward earnings between heavyweights and lesser-cap stocks.

“The divergence in the net change to aggregate forward earnings favouring non-heavyweight stocks was also duly reflected in their relative price performance thus far this year,” it said.

As of end-May 2023, the year-to-date (y-t-d) price return of the FBM KLCI stood at minus 7.2%. In contrast, the mid-cap FBM70 index registered a y-t-d return of 4.9%.

In 1Q23, the aggregate reported earnings of FBM KLCI 30 current constituents came in at RM15.8bil, declining sequentially at minus 34.7% quarter-on-quarter, but improved against 1Q22 at 3% year-on-year.

MIDF Research said the heavyweights were bogged down mainly by the price underperformance of financial services counters, which was impacted by banking turmoil in the United States and Europe, as well as commodity-related industrial products and services and plantation stocks amid lower commodity product prices.

“Nonetheless, going forward, we do not expect the underperformance of these heavyweight stocks to persist, as, firstly, the banking turmoil in the United States and Europe is a consequence of the rapid rise in interest rates during the past year.

“Secondly, we reckon the softening commodity price trend is presaging a slowdown in economic activities, which is also arguably a consequence of the rapid rise in interest rates during the past year.

“Likewise, we can expect to see some improvement in both the valuation and earnings expectation of commodity-related stocks post-US Federal Reserve pause (in rate hikes),” it said. — Bernama

Subang Jaya: Mydin Mohamed Holdings Berhad (Mydin) memperuntukkan hampir RM7 juta bagi komitmen pelaksanaan prinsip alam sekitar, sosial dan tadbir urus (ESG) dalam menjalankan perniagaan serta menerapkan budaya mencintai dan memulihara alam sekitar dalam kalangan warga kerjanya.

Pengarah Urusan Mydin, Datuk Wira Dr Ameer Ali Mydin berkata, pihaknya turut melaksanakan inisiatif ESG Mydin Prihatin #forfuture bagi memberi fokus kepada usaha menjaga dan menerapkan budaya melestarikan alam sekitar dalam perniagaan.

Katanya, antara inisiatif yang diaplikasikan dalam perniagaan antaranya Pemasangan Sistem Solar (PV), Sistem Kepintaran Data, Pengurusan Sisa Efektif, Kecekapan Tenaga, Penggunaan Tenaga Boleh Guna, Tong Pakaian Kitar Semula dan Sistem Logistik Pintar yang membantu mengurangkan pelepasan karbon.

"Mydin komited untuk mencapai pengurangan sebanyak 15 peratus penggunaan tenaga dan pelepasan karbon serta mengurangkan pembaziran sisa bahan terbuang sebanyak 50 peratus, di samping mengurangkan penggunaan plastik dengan lebih serius menjelang 2030 melalui inisiatif mampan ini.

"Mydin turut menekankan aspek pelaporan dan penyelidikan ESG melalui kerjasama dengan Universiti Putra Malaysia (UPM) bagi memastikan kolaborasi antara pemain industri serta institusi pendidikan dalam menyokong agenda kelestarian nasional," katanya di majlis pelancaran Mydin Prihatin #Forfuture di sini kelmarin.

Hadir merasmikan, Menteri Alam Sekitar, Sumber Asli dan Perubahan Iklim (NRECC), Nik Nazmi Nik Ahmad.

Sementara itu, Mydin turut bekerjasama dengan GSPARX Sdn Bhd (GSPARX), syarikat subsidiari Tenaga Nasional Berhad (TNB) untuk pemasangan sistem solar yang dapat menjana sebanyak 26,464,764 kilowatt-jam (kWj) tenaga bersih setiap tahun melalui panel yang dipasang.

Ameer Ali berkata, penyediaan solusi tenaga solar sebagai sumber alternatif tenaga elektrik oleh TNB ini adalah selari dengan inisiatif Peralihan Tenaga TNB yang berteraskan ESG.

Beliau berkata, Mydin juga akan memperluas inisiatif ini ke 15 cawangan lain menjelang 2025 dan perancangan ini dijangka mengurangkan sejumlah 20,643 jisim karbon dioksida setiap tahun setara dengan penanaman 639,918 pokok setiap tahun.

"Pemasangan panel solar bukan saja untuk penjimatan wang tetapi ia adalah sebahagian usaha kami mengurangkan penggunaan tenaga.

"Untuk usaha ini, kami melabur hampir RM7 juta bagi memasang semua peralatan termasuk muat turun perisian di setiap bangunan kami," katanya.

If tycoon from Saudi or Indonesia bought the founder's stake, triple in price also could happen easily :)