Latest news with #LiawChoonWei
The Star
5 days ago
- Business
- The Star
Saliran inks MOU with Maoming Port, PCA for oil and gas collaboration
From left: Li Yuqi, vice-president of Maoming Port Group; Liaw Choon Wei, managing director of Saliran Group; Kalvin Ooi, co-group CEO of PCA Group KUALA LUMPUR: Pipes and fittings supplier Saliran Group Bhd has signed a memorandum of understanding (MOU) with Maoming Port Group Co Ltd and PCA Group Sdn Bhd to promote cross-border technical exchange and cooperation in the oil and gas sector. Maoming Port is a Guangdong, China, based enterprise engaged in port logistics, supply-chain trading, petrochemical engineering, construction, and consulting services. Meanwhile, Malaysia-based PCA is an industrial engineering company providing end-to-end solutions for industries including O&G, food and beverage, and telecommunications. Under the collaboration, the parties will organise forums and seminars to share advancements in low-carbon refining, clean production, advanced petrochemical materials, smart factory technology, and carbon capture, utilisation and storage (CCUS). In addition, the parties will explore opportunities to share and transform technological achievements through laboratory visits, pilot-scale technology demonstrations, joint research and development, as well as talent exchange and training programmes. Saliran said the MOU provides for leveraging the parties' supply chains to integrate upstream and downstream O&G segments, collaborating on investment projects, and jointly participating in international standard-setting initiatives to enhance recognition in global markets. "This collaboration with MPG and PCA represents an exciting step for Saliran as we seek to broaden our technical capabilities and deepen our involvement in the O&G industry, both domestically and abroad. "By combining our strengths, we aim to not only enhance operational efficiencies but also explore new opportunities that will benefit all Parties and contribute to the sector's sustainable growth," said Saliran managing director Liaw Choon Wei in a statement.
New Straits Times
19-06-2025
- Business
- New Straits Times
Saliran to ride on listing momentum, expand footprint in Asean
KUALA LUMPUR: Saliran Group Bhd will continue to build upon its recent listing momentum by expanding its operational footprint particularly in Southeast Asia. Saliran also plans to enhance its delivery and manufacturing capabilities under the "THF" co-owned brand. The THF brand is jointly owned by Saliran and Tae Heung Forging Co Ltd, with each partner contributing to its success. Saliran held its first annual general M meeting (AGM) today, where all 11 ordinary resolutions tabled were approved by shareholders. Key resolutions included the adoption of the Audited Financial Statements for the financial year ended Dec 31, 2024, and the approval of directors' fees and benefits for the financial years ending 2025 and 2026. The shareholders also approved the re-election of all six retiring directors and the re-appointment of Messrs. Kreston John & Gan as the company's external auditors. Another key resolution passed was the authority granted to the board of directors to issue and allot new shares pursuant to Sections 75 and 76 of the Companies Act 2016, providing the company with flexibility for potential fundraising exercises to support future growth initiatives. "We are grateful to our shareholders for their continued trust and support during this important chapter of our corporate journey. "The strong mandate given today reflects confidence in our long-term strategy," Saliran managing director Liaw Choon Wei said. "With the completion of our initial public offering (IPO) and listing in March 2025, and now the successful conclusion of our first AGM, we are more committed than ever to driving sustainable growth and value creation across our markets," he added.
New Straits Times
27-05-2025
- Business
- New Straits Times
Saliran records RM2.6mil profit on RM95mil revenue in Q1
KUALA LUMPUR: Saliran Group Bhd reported a revenue of RM95 million and a net profit of RM2.6 million for the first quarter ended March 31, 2025 (1Q25). There are no comparative year-on-year figures as Saliran was only listed on the ACE Market of Bursa Malaysia in March this year. The company said the strong performance was mainly driven by contributions from its core supply and distribution segment, which accounted for RM93.9 million or 98.8 per cent of total revenue. The balance of RM1.1 million was generated from the manufacturing segment. Malaysia remained the largest revenue contributor, accounting for RM68.8 million or 72.5 per cent of total sales for the quarter. Profitability wise, Saliran recorded a pre-tax profit of RM4.4 million. Excluding one-off listing expenses of RM0.7 million incurred during the quarter, the normalised pre-tax profit would have amounted to RM5.1 million. Its basic earnings per share stood at 0.69 sen based on the enlarged issued share capital of 382.9 million shares. On a quarter-on-quarter (QoQ) basis, Saliran's revenue decreased slightly as compared to RM95.6 million in the preceding quarter (4Q24). Saliran managing director Liaw Choon Wei is pleased with the financial performance in its first reporting quarter as a listed entity. He said this was a reflection of the resilience of Saliran's business model. "With the support of our co-owned brand THF, we will continue strengthening our market positioning, improving delivery capabilities, and capturing further growth in high-potential markets like Indonesia. "Looking ahead, we remain cautiously optimistic. Saliran is executing its post-initial public offering (IPO) expansion plans, including the establishment of a sales office in Indonesia and the acquisition of new machinery and delivery trucks. As at March 31, 2025, the company utilised RM5.2 million out of the RM21.7 million raised from its IPO.
