Straits Orthopaedics Expands Global Footprint With Acquisition Of U.S.-Based Medin Technologies, Strengthening Orthopaedic Manufacturing Portfolio
This strategic acquisition represents a pivotal step in Straits' growth trajectory, reinforcing its commitment to broadening both its product offerings and global manufacturing capabilities. With over 20 years of experience serving the global orthopaedic market, Straits is now uniquely positioned to deliver a more integrated and expansive suite of solutions to its global OEM partners.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
36 minutes ago
- The Star
UMB deal makes sense
Kenanga Research said the group could fully fund the latest acquisition internally. PETALING JAYA: United Malacca Bhd 's (UMB) decision to acquire the remaining 17% it does not own in Indonesia-based PT LifereAgro Kapuas (PT LAK) from PT Bank OCBC NISP TBK for US$10mil is a good deal for the planter, according to Kenanga Research. The research house said, in a report, that it made commercial sense to gain full control of a profitable and growing subsidiary. 'The acquisition is also valued fairly, hence neutral to prospective ratings and long-term positive financially as PT LAK has room to expand,' Kenanga Research added. UMB had acquired 83% of PT LAK's equity back in January 2016 for US$66.4mil. PT LAK came with Izin Usaha Perkebunan or a plantation licence for 24,585ha of agriculture land in central Kalimantan. PT Lak is divided into four estates with a palm oil mill. The land is slightly larger at 24,607ha split between Plasma smallholder scheme (10,434ha) and UMB's 'Inti' core holding of 14,173ha. Out of this, 11,419ha can be planted with oil palm. Kenanga Research said strategically, UMB would have full control over PT LAK. At about 10 times PT LAK's earnings in financial year 2025 (FY25), the valuation also looks fair to attractive. Importantly, PT LAK has capacity to grow as 3,312ha or 29% of its total plantable area of 11,419ha are still awaiting oil palm development. Out of the 8,099ha already planted, the trees are still young (10 years of age), and hence, fresh fruit bunch (FFB) yields are still low at 15 tonnes per ha, whereas the group's more matured estates typically yield 19 tonnes to 20 tonnes per ha. Meanwhile, Kenanga Research said the group could fully fund the latest acquisition internally. UMB ended its financial year 2025 with a net cash of RM151mil. 'Even after paying out RM27mil in dividends – seven sen final and six sen special dividends – the group can easily fund this acquisition of RM42mil by cash,' the research house pointed out. Furthermore, the returns from PT LAK should also exceed the rates UMB is earning from its cash deposits, it added. Meanwhile, RHB Research said firm crude palm oil (CPO) prices are also to be expected. CPO prices had eased since the recent peak in November 2024 but a global supply deficit looks set in 2025 with supply tightness likely to persist into 2026. Hence, CPO prices are expected to stay firm with an average CPO price of RM4,000 per tonne expected for UMB over FY26-FY27, the research house explained. Kenanga Research, which has maintained an 'outperform' call on the stock with a target price of RM6, said 'we see deep value at current levels'. The risks to Kenanga Research's call include adverse weather, softer CPO prices and the rising cost of labour, fertiliser and fuel.
Malaysian Reserve
an hour ago
- Malaysian Reserve
beMarketing Joins Nexstar Network as a Strategic Partner to Deliver Growth-Driven Marketing Solutions to the Home Services Industry
PLYMOUTH MEETING, Pa., July 30, 2025 /PRNewswire/ — beMarketing is proud to announce that the company has joined Nexstar Network as a new Strategic Partner. Nexstar is a premier member-owned, member-led organization that supports independent plumbing, HVAC, and electrical contractors throughout North America and Australia. This collaboration will provide Nexstar members with exclusive access to beMarketing's expertise in driving customer acquisition, elevating brand presence, and maximizing both online and offline marketing performance. Through this partnership, beMarketing will deliver tailored marketing strategies for the home services industry, helping Nexstar members: Generate More Qualified Leads Attract and Retain High-Value Customers Strengthen Their Brand in Local Markets Engage Audiences Across All Channels Track and Optimize Campaign Performance 'beMarketing is thrilled to be a Nexstar Strategic Partner and provide their members with growth-focused marketing solutions,' said Brandon Rost, CEO of beMarketing. 'Home service businesses face unique challenges in today's digital and traditional landscapes. Our mission is to help them overcome those challenges and thrive with customized strategies that deliver measurable results.' Nexstar members will benefit from beMarketing's deep industry experience and a full suite of capabilities, including: Digital Marketing Strategy & Execution Media Planning & Buying (Online + Traditional) Creative Services & Brand Development CRM & Marketing Automation Integration Website Design Optimized for Lead Conversion Local SEO & Paid Media Campaigns Reputation Management & Customer Retention Tools 'beMarketing's client-first approach, combined with its intimate understanding of the home services sector, ensures the strategic campaigns they create will align with the goals of our growth-minded members. Marketing plays a significant role in the success of a PHCE residential services business, and we are excited to have the beMarketing team on board contributing and adding value in support of our membership,' explained Bruce Stephan, Coaching Manager for Marketing and Sales, Nexstar Network. About beMarketing beMarketing is a full-service marketing agency dedicated to helping businesses of all sizes achieve their growth objectives. We are a team passionate about creativity and collaboration, committed to building strong partnerships with our clients. With a team of experienced professionals, beMarketing offers a comprehensive suite of marketing services. Our portfolio showcases our expertise in delivering impactful digital strategies, and we are proud to deliver results-driven campaigns that drive business growth. beMarketing is committed to delivering innovative solutions, exceptional service, and measurable results for its clients. To learn how beMarketing can help your business grow, visit About Nexstar Network® Minnesota-based Nexstar Network was founded as a member-owned company in 1992 to help independent owners of PCHE home service businesses discover their success through education and sharing. With more than 1,000 members and 100 employees, Nexstar Network offers professional coaching, expert training, and valuable resources to help the world's best tradespeople become the world's best businesspeople. Learn more at and join the Nexstar professional community on LinkedIn. Media Contact:Julie Huffjhuff@ 261-1149
The Star
2 hours ago
- The Star
Pengerang to expand capacity
KUALA LUMPUR: Pengerang Terminals (Two) Sdn Bhd (PT2SB) will expand and develop storage capacity of about 272,000 cubic m, involving a total investment of about RM1.4bil, including costs associated with shared facilities at the terminal. Dialog Group Bhd said in a filing with Bursa Malaysia that its 25% indirectly owned joint venture company, PT2SB, had inked a terminal usage agreement with Pengerang Biorefinery Sdn Bhd (PBSB) to provide storage and handling facilities for PBSB's feedstock and products. — Bernama
