Perak Transit inks 15-year MoU with MPKangar to manage Terminal Perlis Sentral
KUALA LUMPUR: Perak Transit Bhd 's wholly-owned unit, Perlis Sentral Sdn Bhd, has entered into a memorandum of understanding (MoU) with Majlis Perbandaran Kangar (MPKangar).
Under the MoU, MPKangar agrees to appoint Perlis Sentral to manage Terminal Perlis Sentral under a service contract valued at a specified sum, with a tenure of 15 years.
In a filing with Bursa Malaysia, Perak Transit said Perlis Sentral's participation in the MoU supports the group's plan to develop and operate integrated public transport terminals in Malaysia.
It added that this aligns with its strategy to secure more third-party terminal management contracts, strengthening its asset-light model through expertise in terminal operations.
Perak Transit executive director Datuk Cheong Peak Sooi said it commenced operations and management of Terminal Perlis Sentral on March 24, 2025 with the implementation of the Perak Transit Terminal Management System.
'Currently, 27 express bus operators are operating in the terminal. Terminal Perlis Sentral is a single-storey building, with a land area of approximately 5.31 acres, a gross built-up area of approximately 19,448 sq ft, and a net leasable area of approximately 2,729 sq ft for shops and kiosks,' he said, adding that the final definitive agreement relating to the collaboration would be finalised and signed in the near term.
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KUALA LUMPUR: Here is a recap of the announcements that made headline in Corporate Malaysia. Perak Transit Bhd has signed a memorandum of understanding with the Kangar Municipal Council, which has agreed to appoint the group to manage Terminal Perlis Sentral for 15 years, at an undisclosed contract value. Bursa Malaysia's main market-bound Eco-Shop Marketing Bhd has lowered its initial public offering price to RM1.13/share, down from the earlier set price of RM1.21. Sapura Energy Bhd has assured its clients, partners and stakeholders that its operations and financial activities, including access to the group's bank accounts, remained unaffected and continue as normal. Yoong Onn Corporation Bhd has reported that a fire broke out on May 9 at the factory and warehouse of its 60%-owned subsidiary, T.C. Homeplus Pte Ltd, in Singapore. Muhibbah Engineering (M) Bhd has received an arbitration notice from a former subcontractor over a project that was mutually terminated nearly five years ago. Haumea Offshore is claiming RM43.4mn from the group. Heitech Padu Bhd has proposed a one-for-four bonus share issuance to reward shareholders, followed by a private placement of new shares to raise up to RM43.7mn to finance the development of the National Integrated Immigration System project. Dagang Nexchange Bhd has proposed to undertake a bonus issue of up to 1.2bn warrants, on the basis of one warrant for every three shares held by shareholders. Pentamaster Corporation Bhd has appointed Hon Tuck Weng as its chief executive officer, effective May 9, 2025. Refined sugar producer MSM Malaysia Holdings Bhd plans to restart domestic sugar cane plantations to reduce its complete dependence on imported raw sugar. CJ Century Logistics Holdings Bhd will continue to focus on volume expansion, complemented by improved efficiency and cost-pricing management, according to its Chief Executive Officer, Steven Teow. 3REN Bhd has secured a RM7.1mn contract to supply a set of intelligent automated material management systems integrated with vision inspection and robotics for a semiconductor manufacturer. ES Ceramics Technology Bhd 's Group CEO, Wong Fook Lin, 59, has relinquished his role and been reappointed as Executive Director of the company. E-payment solutions provider Managepay Systems Bhd announced that its subsidiary has been authorised to facilitate wage payments for foreign employees. Westports Holdings Bhd 's net profit for 1QFY25 increased 9.0% YoY to RM225.5mn from RM204.5mn a year ago, due to an increase in containers handled. Sentral Real Estate Investment Trust's net profit for 1QFY25 fell 1.5% YoY to RM19.6mn from RM19.9mn a year ago, due to lower revenue.
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Perak Transit inks 15-year MoU with MPKangar to manage Terminal Perlis Sentral
KUALA LUMPUR: Perak Transit Bhd 's wholly-owned unit, Perlis Sentral Sdn Bhd, has entered into a memorandum of understanding (MoU) with Majlis Perbandaran Kangar (MPKangar). Under the MoU, MPKangar agrees to appoint Perlis Sentral to manage Terminal Perlis Sentral under a service contract valued at a specified sum, with a tenure of 15 years. In a filing with Bursa Malaysia, Perak Transit said Perlis Sentral's participation in the MoU supports the group's plan to develop and operate integrated public transport terminals in Malaysia. It added that this aligns with its strategy to secure more third-party terminal management contracts, strengthening its asset-light model through expertise in terminal operations. Perak Transit executive director Datuk Cheong Peak Sooi said it commenced operations and management of Terminal Perlis Sentral on March 24, 2025 with the implementation of the Perak Transit Terminal Management System. 'Currently, 27 express bus operators are operating in the terminal. Terminal Perlis Sentral is a single-storey building, with a land area of approximately 5.31 acres, a gross built-up area of approximately 19,448 sq ft, and a net leasable area of approximately 2,729 sq ft for shops and kiosks,' he said, adding that the final definitive agreement relating to the collaboration would be finalised and signed in the near term.
