Cross Border News


17 September 2020 - TNB takes control of one of UK's largest solar platforms
  1. More ​Tenaga Nasional Bhd’s (TNB) wholly-owned subsidiary, TNB International Sdn Bhd (TNBI) has acquired the controlling equity stake in Vortex Solar Investments S.a.r.l. (Vortex Solar) from Beaufort Investments S.a.r.l, a subsidiary of EFG Hermes Holding SAE
24 August 2020 - Karex to manufacture up to 2.5 bln medical gloves in Hatyai, Thailand
  1. More ​Karex Bhd plans to establish a new manufacturing facility to supplement existing operations at its wholly-owned Innolatex (Thailand) Ltd (ITL) plant in Hat Yai, Thailand with an initial investment of RM40 million and planned capacity of up to 2.5 billion gloves annually
21 July 2020 - Pharmaniaga to grow manufacturing business, expand to Indonesia
  1. More ​Pharmaniaga Bhd plans to grow its business in the manufacturing segment and expand its presence in the international markets, especially Indonesia
03 July 2020 - Sino Hua-An buys Hong Kong-based IoT firm for RM150m
  1. More ​Sino Hua-An International Bhd is acquiring Hong Kong’s internet of things (IoT) firm HK Aerospace for US$35 million (RM150.06 million) to strengthen the former’s digital transformation and digital ecosystem solutions
26 June 2020 - Guan Chong allocates RM120m in capex for new plant in Côte d'Ivoire
  1. More ​Cocoa processor Guan Chong Bhd has allocated €25 million (approximately RM120 million) in capital expenditure (capex) this year for the ongoing construction of its new cocoa ingredients plant in Côte d'Ivoire
26 June 2020 - APM partners Hyundai to produce car seats in Indonesia
  1. More ​APM Automotive Holdings Bhd’s unit in Indonesia is teaming up with Hyundai Motor Company to manufacture and supply automobile seats and related components
17 June 2020 - M'sian companies told to capiltalise on recently-opened investment opportunities in India -- CIIM
  1. More Malaysian companies were told to capitalise on the recently-opened investment opportunities in India as the republic is easing the norms for the opening up of foreign direct investment (FDI) in 16 sectors, said the Consortium of Indian Industries in Malaysia (CIIM)
28 May 2020 - LYC Healthcare makes second medical firm buy in Singapore in less than a month
  1. More ​LYC Healthcare Bhd is acquiring a controlling 51%-stake in Singapore-based HC Orthopaedic Surgery Pte Ltd (HCOS) for S$6.93 million (RM21.29 million)
19 May 2020 - MMC looking to expand overseas to strengthen presence
  1. More ​MMC Corporation Bhd is looking to expand overseas to enable the group to establish a bigger presence that will lead to more opportunities
04 May 2020 - LYC Healthcare to buy majority stake in Singapore medical firm for RM22m
  1. More LYC Healthcare Bhd said it is acquiring a 51%-stake in Singapore-based T&T Medical Group Pte Ltd for S$7.29 million (RM22.27 million)
14 April 2020 - Solarvest secures maiden projects in Philippines
  1. More ​Solar photovoltaic (PV) system specialist Solarvest Holdings Bhd has secured two new contracts, involving engineering, procurement, construction and commissioning works, in the Philippines from Vivant Energy Corporation
13 March 2020 - YTL Power's RM1b purchase of Singapore's Tuaspring plant
  1. More YTL Power International Bhd and its subsidiary has entered into an agreement to acquire the power plant and associated assets of Tuaspring Pte Ltd for S$331.45mil (RM1bil)
16 January 2020 - Pestech buys solar farm project in Cambodia
  1. More ​Pestech International Bhd is expanding its power generation business in Cambodia with the proposed acquisition of a solar farm project
09 January 2020 - Malaysian-owned AAPICO Hitech, Sojitz Group form JV to penetrate Thai motorcycle market
  1. More ​Thailand’s leading automotive parts manufacturer and Malaysian-owned AAPICO Hitech PCL and Japanese trading company Sojitz Group have agreed to establish a joint-venture (JV) to penetrate the motorcycle sector in Thailand with an initial investment of 400 million baht
19 December 2019 - Guan Chong expands global footprint with European acquisition
  1. More Johor-based Guan Chong Bhd, the world’s fourth largest cocoa grinder, is buying Europe-based chocolate maker Schokinag Holding GMBH (SHG) for €29.93 million (RM137.84 million) as part of the group’s global expansion strategy
09 July 2019 - Malaysia to establish Proton automotive assembly plant in Pakistan — Dr Mahathir
  1. More ​Prime Minister Tun Dr Mahathir Mohamad said Malaysia is looking forward to the establishment of Proton Holdings Berhad’s automotive assembly plant in Pakistan
25 June 2019 - Sri Lankan PM inaugurates Malaysian-owned lubricant plant
  1. More ​It was a big day both for Malaysia and Sri Lanka amidst a strong presence of Sri Lankan dignitaries led by Prime Minister Ranil Wickremesinghe who inaugurated a Malaysian-owned US$30 million (RM124.2 million) lubricant blending plant near here
23 May 2019 - Techbond to spend US$2.7m to build Vietnam factory
  1. More Industrial adhesive manufacturer Techbond Group Bhd, which raised almost RM40 million via its initial public offering last December, will be spending US$2.7 million to build a factory complex in Vietnam for the group’s expansion
20 May 2019 - GUH to produce automotive printed circuit boards in China
  1. More ​GUH Holdings Bhd, one of the largest manufacturers of printed circuit boards (PCBs) in the country, will produce automotive PCBs in China to reduce its dependence on the consumer electronic goods industry
16 May 2019 - PetChem buys Dutch firm Da Vinci for RM760.8m in specialty chemicals foray
  1. More Petronas Chemicals Group Bhd (PetChem) is buying Netherlands-incorporated Da Vinci Group BV from its shareholders, who include, among others, funds managed by Bencis Capital Partner, for €163 million (about RM760.8 million), to venture into the specialty chemicals business
14 May 2019 - Sime Plantation eyes Latin America refineries
  1. More Sime Darby Plantation Bhd, the world's largest palm oil planter, is looking to buy refineries in Latin America as it grapples with poor margin and mounting costs at home
02 May 2019 - BCM plans overseas expansion
  1. More Firm eyes opportunities in medical devices industry in South-East Asia
16 April 2019 - Petronas buys Amplus Energy
  1. More Acquisition part of national oil firm's plans to move into renewable power sector
12 April 2019 - Proton conducting research on Egyptian ops, says Syed Faisal
  1. More DRB-Hicom Bhd is confident that Proton Holdings Bhd's plan to start local assembly in Egypt will come to fruition
05 April 2019 - MyEG to invest in China-based AI company Jingle Magic
  1. More MyEG Services Bhd is investing RM6.1mil in Chinabased artificial intelligence (AI) company Jingle Magic (Beijing) Technology Co Ltd.
04 April 2019 - Lotte Chemical earnings set to rise on US plants
  1. More Brokerage raises forecast, upgrades call from ‘hold’ to ‘buy’
25 March 2019 - ALHAJ Automotive to build Proton assembly plant in Pakistan
  1. More ALHAJ Automotive, the official distributor for Proton vehicles in Pakistan, will make an initial investment of US$30 million to build the first completely knocked down (CKD) plant for Proton vehicles in that country
25 March 2019 - Another boost for Proton
  1. More Pakistan factory plan further lifts national carmaker
22 March 2019 - Proton to build plant in Pakistan
  1. More National carmaker inked deal with Alhaj Automotive last year, says envoy
06 March 2019 - Mahathir to pave way for new areas of Malaysian investment in Philippines
  1. More Prime Minister Tun Dr Mahathir Mohamad’s three day visit to Manila, beginning today, can pave the way for Malaysian entrepreneurs to explore new areas of investment in the neighbouring country
27 February 2019 - Ranhill in tie-up with Thai company
  1. More Ranhill Holdings Bhd is venturing with Thai-based Treasure Specialty Co Ltd (TS Co) to explore the development of a 1150MW CCGT power plant in Kedah to export power to Thailand
26 February 2019 - Government to facilitate companies expanding overseas
  1. More The government will work on a programme to help accelerate the overseas expansion of Malaysian entrepreneurs, according to Datuk Seri Saifuddin Nasution Ismail
25 February 2019 - Tan Chong Group to invest extra US$50 mil in Vietnam
  1. More TCIE Vietnam Company, a member of Malaysia’s Tan Chong Motor Group, will build a new car factory in Hoa Khanh industrial zone in the central city from 2019, with total investment of US$50 million
14 February 2019 - Fairview buys private Scottish school
  1. More Beaconhurst School acquisition part of group's UK expansion plan, says report
18 January 2019 - Berjaya Corp to invest RM1.65bil in Okinawa Four Seasons Hotel
  1. More ​Berjaya Corp Bhd (BCorp) will build Okinawa’s most outstanding hotel at a total investment of about US$400mil (RM1.65bil), inclusive of land cost
31 December 2018 - Top Glove considering setting up factory in Turkey
  1. More Top Glove Bhd, the world's largest manufacturer of rubber gloves, is considering setting up a factory in Turkey
08 December 2018 - YTL plans to buy Marriot brand hotel in Madrid
  1. More YTL Corp Bhd's subsidiary, YTL Hotels & Properties Sdn Bhd, plans to buy a hotel in Madrid, Spain via the acquisition of the entire share capital SOH HTL Project S.L.U for RM1.04 billion
06 December 2018 - Petronas in RM9.55bil JV
  1. More Group to partner Argentina’s state-controlled energy firm YPF
23 November 2018 - SilTerra to set up RM2.9b wafer fabrication plant in Beijing
  1. More Khazanah Nasional Bhd's unit, SilTerra Malaysia Sdn Bhd, has been selected as a key strategic partner by China's leading microelectronics producer, Beijing Yandong Microelectronics Co Ltd (YDME), to set up RM2.9 billion wafer fabrication plant in Beijing
31 October 2018 - Sime Darby buys Australia's Heavy Maintenance Group
  1. More Sime Darby Bhd, through wholly owned Sime Darby Industrial Australia (SD Industrial), has agreed to acquire Heavy Maintenance Group Pty Ltd from private equity fund Pemba Capital for undisclosed sum
13 October 2018 - Uganda invites Malaysian firms to invest in its O&G industry
  1. More Uganda, the "Pearl of Africa", has called on Malaysian businesses to participate in oil and gas (O&G) exploration activities in the country, which is rich with crude oil
09 October 2018 - Tap opportunities in Oman, firm urged
  1. More Country opens Duqm Free Trade Zone to attract foreign investors
29 September 2018 - Velesto Energy eyes Middle East markets
  1. More Company plans to submit bids in Kuwait, Saudi Arabia and Qatar
15 September 2018 - Petronas opens new R&T centre for Latin America
  1. More Petronas, through its subsidiary Petronas Lubricants International, has opened its Research and Technology Centre in Latin America, the largest facility dedicated to the development of fluid technology to meet the region’s automotive and industrial sector’s growing needs
06 September 2018 - Farm Fresh invests RM85m in farm, plant in Australia
  1. More The Holstein Milk Company Sdn Bhd, which produces milk under the Farm Fresh brand, has invested RM85 million to acquire a dairy farm and a plant in Melbourne, Australia, to meet the demand for fresh milk in Malaysia
16 August 2018 - Berjaya Food to expand Kenny Rogers ops in India
  1. More Firm will also open first Jollibean outlet outside Singapore
10 August 2018 - Investment opportunities in Vietnam’s economic zones
  1. More Vietnam is in the process of transitioning from an agricultural-based economy to becoming one of the most popular manufacturing and industrial countries in Asia. It currently has 356 industrial parks spanning 94,000ha, with more to be launched, said John Campbell, Savills Vietnam industrial service senior consultant
13 July 2018 - Malaysian billionaire Robert Kuok enters Taiwan's wind energy market
  1. More Tycoon Robert Kuok is entering the wind energy market in Taiwan through a collaboration between two companies linked to him
11 July 2018 - PPB to expand global footprint
  1. More No plan for new mills in Malaysia because of lower flour demand
03 July 2018 - Kingsley EduGroup trains its sights beyond Malaysia
  1. More Chua says Kingsley hopes to maintain its strong growth momentum and to move to the Main Board of HKEX within two years
18 June 2018 - Oriental plans to operate its new oil mill next year
  1. More Preparations for the plant in Indonesia are underway
01 June 2018 - Petronas to buy 25% in LNG Canada
  1. More Group will become second-largest partner in the project
17 May 2018 - Kingsley plans Asian expansion after HK debut
  1. More Education service provider sees good prospects in the region
25 April 2018 - Up to US$4b investments planned for Indonesian plant
  1. More Lotte Chemical Titan Holding Bhd may invest up to US$4 billion (RM15.6 billion) to build an integrated petrochemical complex in Merak, Indonesia, with naphtha cracking capacity of one million tonnes per year
10 April 2018 - Serba Dinamik pursuing strategic acquisitions in overseas expansion
  1. More Oil and gas (O&G) solutions provider Serba Dinamik Holdings Bhd is pursuing strategic acquisitions of O&G technology companies in the US, Australia and European countries as part of its overseas expansion plans
09 April 2018 - Oceancash plans new line in Thailand
  1. More Company to tap into strong demand for resinated felts
31 March 2018 - Sumatec to build plant in Kazakhstan
  1. More O&G firm gets RM480mil award from Markmore Energy to undertake project
28 March 2018 - DNeX to develop halal park in the Philippines with local partners
  1. More Dagang NeXchange Bhd (DNeX) will work with the Department of Education Region V and Naga City of the Philippines to jointly develop a halal park there
27 March 2018 - Firm finalises Tanzania plant JV
  1. More Serba Dinamik in tie-up with Junaco to build chlor-alkali factory in country
26 March 2018 - Serba Dinamik firms up JV to build chlor-alkali plant in Tanzania
  1. More Serba Dinamik Holdings Bhd has signed a shareholders' agreement with Junaco (T) Ltd, firming up a joint venture (JV) to build a chlor-alkali plant in Tanzania
20 March 2018 - EWI completes £64m acquisitions
  1. More JV to develop 12 sites in Greater London, southeast England
17 March 2018 - Top Glove to build plant in Vietnam
  1. More Initial allocation of RM100m will be used for cost of land, machinery, raw materials
16 March 2018 - Petronas unit invests US$60m to build global R&T centre in Italy
  1. More Petronas through its subsidiary Petronas Lubricants International Sdn Bhd (PLI), has invested US$60 million (RM234.6 million) to build a state of the art global research and technology (R&T) centre for lubricants in Italy
15 March 2018 - Petronas unit inks LNG deal with Tokyo Gas
  1. More Petronas via its subsidiary Malaysia LNG Sdn Bhd (MLNG), has inked an agreement to supply liquefied natural gas (LNG) to Tokyo Gas for 13 years
14 March 2018 - Aerodyne ups global presence
  1. More 60pc stake in Danish firm to help local drone specialist expand in Europe
20 February 2018 - Ranhill unit secures wastewater plant job
  1. More Ranhill Holding Bhd's indirectly owned subsiadiary AnuRAK Water Treatment Facilities Co Ltd secured a 66 million bath (RM8.19 million) job
19 February 2018 - Aidijuma spreads wings globally
  1. More Headscarf producer and HIJUP acquire majority stake in UK-based Haute Elan
14 February 2018 - Ranhill to expand overseas business to boost growth
  1. More Ranhill Holdings Bhd has started talks to expand its water treatment and electricity generation business overseas to boost growth, as earnings surged in the fourth quarter ended Dec 31
30 January 2018 - Genetec to join consortium for ammonia plant project in India
  1. More Industrial equipment manufacturer Genetec Technology Bhd is partnering with several parties to collaborate on the development of an ammonia and urea manufacturing plant in India
30 January 2018 - Ingress to open new facility in India
  1. More Automotive components manufacturer Ingress Corp Bhd is planning to open a new manufacturing facility in India to cater for the growing demand of automotive components
30 January 2018 - Ingress to invest RM60mil in India manufacturing plant
  1. More Automotive parts and components manufacturer Ingress Group plans to invest up to RM60mil to build a manufacturing plant in Gujarat, India, its second plant in the republic, said group executive director Datuk Dr Ab Wahab Ismail
25 January 2018 - Datasonic’s JV in Tanzania to take off this year
  1. More Datasonic Group Bhd’s joint venture (JV) in Tanzania is expected to commence operations within the next nine months, as the supplier of electronic passport materials seeks to tap into the African market
22 January 2018 - Kuala Lumpur Kepong establishes Netherlands unit
  1. More Kuala Lumpur Kepong Bhd’s wholly-owned unit, Kolb Distribution AG, has incorporated a new wholly-owned company called KLK Chemicals Holding Netherlands B.V. in the Netherlands, with a total issued capital of 25 million euros (RM120.23 million)
19 January 2018 - EPF, PNB to buy Battersea building for £1.6b
  1. More Transaction aimed at reorganising ownership
19 January 2018 - PNB, EPF buying assets in Battersea phase 2
  1. More RM8.8bil deal is to reorganise ownership of commercial property
19 January 2018 - Amcorp Properties JV to finalise first HK purchase
  1. More Decision on RM182mil acquisition expected by first quarter
16 January 2018 - Najib, Lee open 2 Singapore projects
  1. More Khazanah and Temasek jointly developed Marina One and DUO, worth a total of RM33 billion
10 January 2018 - Johor Sultan invests in Sri Lanka
  1. More Investment in US$100m pharmaceutical zone in partnership with entrepreneur Patrick Lim
23 December 2017 - PNB eyes more foreign investments
  1. More Right time to expand portfolio as ringgit has reached comfortable level againts US dollar, says group CEO
20 December 2017 - Dialog Axiata is single-largest FDI source for Sri Lanka
  1. More Axiata Group Bhd, via subsidiary Dialog Axiata Plc, has invested more than US$2.2 billion (RM8.95 billion) in Sri Lanka over 20 years and is recognised as the single-largest foreign direct investment (FDI) source in the country
18 December 2017 - Malaysian firms told to venture into Kazakhstan
  1. More Central Asian country a good avenue for players to expand, says Matrade
16 December 2017 - MGB wants local firms to tap halal hub in Suining City
  1. More Metronic Global Bhd (MGB) is attracting local companies to penetrate the Chinese market through its halal hub in Suining City, Sichuan Province, China
16 December 2017 - JAKS exploring more opportunities overseas
  1. More Company aims to diversify into power generation projects to enhance profitability
16 December 2017 - EWI, Be Living ink London partnership
  1. More Parties to develop 12 sites in UK with an estimated GDV of £2.6b
13 December 2017 - KL Kepong to buy Dutch chemical company
  1. More RM187mil purchase to be funded by cash and bank borrowings
06 December 2017 - Petronas expanding Africa footprint with Engen-Vivo pact
  1. More Petronas will be expanding its footprint to nine new countries via its wholly owned South Africa unit Engen Holdings (Pty) Ltd
05 December 2017 - Serba Dinamik upbeat on Africa
  1. More Group sees growth potential in region, actively bidding for O&M and EPCC jobs
29 November 2017 - MAHB investing €100m in ISG expansion
  1. More Move set to boost passenger handling capacity of Turkey airport to 65 million in 2022
23 November 2017 - IJM clinches RM1.5b India highway job
  1. More Solapur-Bijapur tollway will be company's largest project in value
21 November 2017 - Prasarana eyes new Saudi Arabia job
  1. More Prasarana Malaysia Bhd hopes to add another project in Saudi Arabia into its international portfolio by the middle of next year
16 November 2017 - TNB, PLN plan power plant in Kalimantan
  1. More Tenaga Nasional Bhd (TNB) will build a 2x200 megawatt (MW) coal-fired power plant in Kalimantan with PT PLN (Persero), the Indonesian state owned utility company
06 November 2017 - CAB’s Indonesian venture to start
  1. More Poultry farming JV with Salim Group to begin in the first half next year
30 October 2017 - Kelington secures gas system, piping job in China worth RM65m
  1. More Kelington Group Bhd has secured a contract worth 102.62 million renminbi, equivalent to RM65.4 million, from Chengdu Construction Engineering Corporation to supply and install bulk gas system and distribution piping for an integrated circuit manufacturing systems project in Chengdu, China
26 October 2017 - Sumatec proceeds with plan to take full control of Kazakh O&G field
  1. More Sumatec Resources Bhd is proceeding with its plan to take full control of the Rakushechnoye oil and gas (O&G) field in Kazakhstan, four months after hinting it may drop the proposal
24 October 2017 - Malaysian firms to invest US$1.5b in China via first Belt & Road Property Development Forum
  1. More Malaysian companies are expected to invest at least US$1.5 billion (about RM6.35 billion) in China real estate via the ASEAN-China Economic and Trade Promotion Association's (ACETP) first Belt & Road Property Development Forum in China. The forum is expected to attract about 300 property companies from China and Asean countries
20 October 2017 - Ranhill lands 20-year Thailand water treatment concession worth RM19mil
  1. More Ranhill Holdings Bhd announced that it has secured a project worth 152.58 million baht, equivalent to RM19.33 million, to build, operate and transfer a water treatment plant at Rayong province in Thailand
11 October 2017 - Mega First secures US$150m funding
  1. More Mega First Corp Bhd (MFC), principally involved in power generation, quarry and property development, has secured US$150 million (RM634.87 million) in funding to part finance the construction of its Don Sahong hydropower projects in Laos
10 October 2017 - Serba Dinamik to set up joint-venture plant in Tanzania
  1. More Serba Dinamik Holdings Bhd will set up and operate a chlor-alkali plant in Tanzania in partnership with Junaco (T) Ltd (JTL)
10 October 2017 - KNM to partner with China-based firm for UK power plant Ben Shane Lim
  1. More More than three years in the making, KNM Group Bhd may finally be able to get its 18mw waste-to-energy power plant in Peterborough, the UK, off the ground
09 October 2017 - Serba Dinamik inks JV to set up chlor-alkali plant in Tanzania
  1. More Serba Dinamik Holdings Bhd is going to jointly set up and operate a chlorine skid mounted chlor-alkali plant in Tanzania, which marks its expansion into the African continent


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Last Updated : Wednesday 30th September 2020