Senheng appoints Lim Kim Heng as MD
In a filing with Bursa Malaysia, the company said its board of directors approved the appointment and re-designation of Lim from non-independent executive chairman to non-independent executive chairman and managing director on July 22.
The consumer electronics and appliances retailer also approved the re-designation of Lim from president/non-independent executive director to non-independent non-executive director, also effective Aug 1.
For its first quarter of financial year ended March 31, 2025, Senheng's net profit dipped to RM4.73mil from RM6.23mil in the previous corresponding period, while revenue dropped to RM276.98mil from RM322.02mil a year earlier.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Sun
31 minutes ago
- The Sun
Two Bumiputera firms targeted for Bursa Malaysia listing by year-end
KUALA LUMPUR: The government is targeting at least two Bumiputera companies to be listed on Bursa Malaysia by the end of this year. Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi revealed this during the launch of the Bumiputera Rapid Acceleration and Value Enhancement (BRAVE) programme today. The initiative aims to strengthen the Bumiputera entrepreneurial ecosystem by offering alternative financing of up to RM1 million at a competitive profit rate of 3.5 per cent. Additionally, selected companies will receive comprehensive capacity-building support to prepare them for public listing. 'A total of 15 companies will be selected in the initial phase, and from that number, five will receive intensive mentoring to prepare them for listing on Bursa Malaysia by the end of this year,' Ahmad Zahid said in his speech, delivered by Minister of Entrepreneur and Cooperatives Development Datuk Ewon Benedick. As of 2022, only 62 out of 945 companies listed on Bursa Malaysia were majority Bumiputera-owned, representing just seven per cent. Over the past four years, only one Bumiputera company was listed compared to 96 non-Bumiputera firms. 'More concerning is that over the past four years, only one Bumiputera company has been listed compared with 96 non-Bumiputera companies. This reflects an urgent reality; we cannot remain complacent with the 'status quo' but must step out of our comfort zones and create change,' he said. To achieve the listing target, Ahmad Zahid emphasised the need for strategic training in investor relations, corporate communications, and IPO preparation, alongside stronger industry collaboration. On micro, small, and medium enterprises (MSMEs), he noted that the sector contributes 97.4 per cent of all businesses in Malaysia, generating RM631.1 billion in GDP and RM152.2 billion in exports in 2023. However, challenges such as limited capital access and low competitiveness persist. He hopes the BRAVE programme will serve as a catalyst for MSME growth, addressing these barriers while fostering economic inclusivity. - Bernama


New Straits Times
an hour ago
- New Straits Times
Aneka Jaringan's Q3 earnings soar 31.3pct, revenue jumps 18.05pct
KUALA LUMPUR: Aneka Jaringan Holdings Bhd reported a 31.3 per cent increase in net profit to RM738,000 for the third quarter ended May 31, 2025, compared to RM562,000 in the same period last year. According to its filing with Bursa Malaysia, the company's revenue climbed 18.05 per cent to RM49.4 million from RM41.85 million previously, supported by stronger contributions from its ongoing projects in Malaysia. No dividend was declared for the quarter. The company said it remains cautiously optimistic about its performance for the financial year ending Aug 31, 2025, amid persistent trade uncertainties and fluctuating costs. "The group continues to monitor cost fluctuations closely and is prepared to implement proactive measures to mitigate their impact on operations and profitability," it said. Managing director Pang Tse Fui said the profit momentum reflected the effectiveness of Aneka Jaringan's execution strategy and strong financial management. "As our project portfolio continues to deliver, we remain focused on risk-managed growth while reinforcing governance across all operational aspects. "The results thus far give us the confidence to stay on track toward a stronger full-year performance," he said.


Malay Mail
an hour ago
- Malay Mail
TechStore secures RM7.75m Customs job for baggage and body scanners at checkpoint as RTS Link project expands
KUALA LUMPUR, July 28 — TechStore Bhd's wholly-owned unit Tech-Store Malaysia Sdn Bhd has secured a RM7.75 million from the Royal Malaysian Customs Department to provide leasing and training services for four baggage scanner machines and two body scanner machines with accessories. The equipment will be deployed at the Woodlands North Customs, Immigration and Quarantine (CIQ) facility in Singapore under the Johor Bahru-Singapore Rapid Transit System (RTS) Link project, TechStore said. 'The contract period would be 77 months from Aug 1, 2025, to Dec 31, 2031,' the information technology (IT) solutions provider said in a filing with Bursa Malaysia. The ACE Market-listed company said Tech-Store Malaysia will submit a performance bond of RM60,367.34, which is five per cent of the contract value divided by six years and five months as security for the proper and due performance of the works. In a separate statement, TechStore managing director Tan Hock Lim said the contract further expands its involvement in the RTS Link project, which encompasses design consultation for depot equipment and service vehicles, uninterruptible power supply, the RTS enterprise resource planning work packages, and the project for fit-out works for Malaysian agencies at Woodlands North CIQ. 'Beyond the RTS Link, we are involved in major initiatives such as the LRT Kelana Jaya Line, LRT Ampang Line, MRT Kajang Line, and the ongoing LRT3. 'With the government's increasing push toward public transport digitalisation, we see growing demand for integrated, secure, and localised enterprise IT solutions,' he said. The group's unbilled order book remains healthy at RM135.3 million as at May 31, 2025, supported by a robust job pipeline with a tender book totalling RM1.2 billion. TechStore was listed on Bursa Malaysia on Feb 18, 2025, and has raised a total of RM25 million in proceeds to accelerate its growth plans and enhance its capacity to undertake larger-scale projects. — Bernama