Latest news with #MaxTan
Business Times
23-07-2025
- Business
- Business Times
Hiap Seng shares soar 75% after Indonesian oil giant Chandra Asri buys 11.9% stake
[SINGAPORE] Indonesian petrochemical producer Chandra Asri has purchased an 11.9 per cent stake in Hiap Seng Industries , giving it a substantial stake in the steel fabrication service provider. Hiap Seng shares soared in early trade on Wednesday (Jul 23) as news of the purchase broke, more than doubling in price to an intra-day high of S$0.028. The last time Hiap Seng shares traded at such levels was in October 2019, ShareInvestor data showed. The counter finished the day at a multi-year high of 2.1 cents, 0.9 cents above Tuesday's closing price, on a hefty turnover of 204.1 million units. Chandra Asri's entry could signal a future partnership between both companies, said Hiap Seng in a statement before trading commenced on Wednesday. Chandra Asri is a subsidiary of Barito Pacific, the Indonesian power and industrial giant founded by billionaire tycoon Prajogo Pangestu. Max Tan, Hiap Seng's chief executive officer, said the deal is 'a potential opportunity to explore strategic collaborations that will enhance long-term value for all stakeholders'. Mashhad Dohadwala, projects and technology director at Aster Chemicals and Energy – a joint venture between Chandra Asri and global commodities trader Glencore – said a strategic relationship with Hiap Seng would strengthen Aster's foundation to position it for future growth as it explores partnership opportunities. Aster is reportedly in exclusive talks to buy oil major ExxonMobil's Singapore gas stations. Earlier this year, it completed the purchase of Shell's Singapore refinery and refining assets on Bukom and Jurong islands.
Business Times
23-07-2025
- Business
- Business Times
Hiap Seng shares soar 75% after Indonesian oil giant Chandra Asri buys an 11.9% stake in firm
[SINGAPORE] Indonesian petrochemical producer Chandra Asri has purchased an 11.9 per cent stake in Hiap Seng Industries, giving it a substantial stake in the steel fabrication service provider. News of the purchase on Wednesday (Jul 23) sent Hiap Seng shares soaring 75 per cent, or 0.9 cent, to end at a multi-year high of 2.1 cents, on a hefty turnover of 203 million units. Chandra Asri's entry could signal a future partnership between both companies, said Hiap Seng in a statement before market open on Wednesday. Chandra Asri is a subsidiary of Barito Pacific, the Indonesian power and industrial giant founded by billionaire tycoon Prajogo Pangestu. Max Tan, Hiap Seng Industries' chief executive officer, said: '(We) view this as a potential opportunity to explore strategic collaborations that will enhance long-term value for all stakeholders.' Mashhad Dohadwala, who is projects and technology director at Aster Chemicals and Energy - a joint venture between Chandra Asri and global commodities trader Glencore - said that a strategic relationship with Hiap Seng would strengthen Aster's foundation to position it for future growth as it explores partnership opportunities. Aster is reportedly in exclusive talks to buy oil major ExxonMobil's Singapore gas stations. Prior to that, it completed its purchase of Shell's Singapore refinery and refining assets on Bukom and Jurong islands.
Business Times
23-07-2025
- Business
- Business Times
Indonesian oil giant Chandra Asri buys 11.9% stake in Hiap Seng Industries; shares up 58.3%
[SINGAPORE] Indonesian petrochemical producer Chandra Asri has purchased an 11.9 per cent stake in the shares of Hiap Seng Industries and is now its newly-minted substantial shareholder. As at 11.54 am, shares of Hiap Seng Industries were 58.3 per cent up, at S$0.019, with some 133.1 million shares transacted. With this development, future partnerships between both companies could be on the horizon, said Hiap Seng Industries on Wednesday (Jul 23). Chandra Asri is a subsidiary of Barito Pacific, the Indonesian power and industrial giant founded by billionaire tycoon Prajogo Pangestu. Max Tan, Hiap Seng Industries' chief executive officer, said: '(We) view this as a potential opportunity to explore strategic collaborations that will enhance long-term value for all stakeholders.' Mashhad Dohadwala, projects and technology director at Aster Chemicals and Energy, Chandra Asri's joint venture with global commodities trader Glencore, said that the strategic relationship with Hiap Seng Industries would strengthen Aster's foundation to position it for future growth as it explores partnership opportunities. Aster was said in early July to be in exclusive talks to buy oil major ExxonMobil's Singapore gas stations. Prior to that, it completed its purchase of Shell's Singapore refinery and refining assets on Bukom and Jurong islands. Hiap Seng Industries was formerly named Hiap Seng Engineering.
Daily Express
21-04-2025
- Entertainment
- Daily Express
POP MART to Open Largest Store at The Exchange TRX on April 19
Published on: Monday, April 21, 2025 Published on: Mon, Apr 21, 2025 Text Size: Karen Khoo (from left), Max Tan, and Trevor Hill officiated the ribbon-cutting ceremony for POP MART's seventh store in Malaysia, symbolizing the brand's growing influence in the local market and its move toward a new phase of vigorous development Kuala Lumpur: Imagine entering a world where every small box holds a surprise—an adventure of wonder, excitement, and nostalgia waiting to unfold. Few things match the excitement of unveiling a surprise, peeling open a blind box with curiosity and wonder. POP MART rekindles that magic with MOLLY's playful expressions, DIMOO's dreamy designs, and SKULLPANDA's bold aesthetics, each figure unlocking a new realm of imagination. POP MART isn't just for collectors; it aims to inspire creativity and spread joy, bringing a sense of wonder to people of all ages. Step inside a POP MART store, and you're instantly immersed in a vibrant universe of collectibles. Shelves glow with dazzling displays, towering figures captivate the eye, and every series tells a unique story. The thrill of trading, showcasing a rare find, and completing a set turns collecting into more than just a hobby—it becomes a journey of discovery. A Growing Legacy in Malaysia POP MART is already a well-loved name in Malaysia, with stores in Pavilion Kuala Lumpur, IOI City Mall Putrajaya, Sunway Velocity Mall, Pavilion Bukit Jalil, Sunway Pyramid, and 1 Utama Shopping Centre. But with an ever-growing demand for its products, the brand is taking things to the next level. Now, POP MART is set to open its 7th and largest outlet in Malaysia, right in the heart of Kuala Lumpur at The Exchange TRX. A Global Collectible Phenomenon Founded in 2010 in China, POP MART has grown into a global powerhouse in the designer toy and collectibles industry. Known for its blind box toys, premium figurines, and collaborations with top artists and franchises, the brand has cultivated a devoted fanbase of toy enthusiasts, collectors, and casual buyers. One of POP MART's biggest attractions is its blind box collectibles, where customers purchase a sealed box containing a mystery figure from a series—adding an element of surprise and exclusivity to every purchase. The brand collaborates with world-renowned designers and franchises, featuring beloved characters like MOLLY, DIMOO, The Monsters, SKULLPANDA, and PUCKY, alongside major licensed collections with Disney, One Piece, Harry Potter, and more. With its expansion beyond China into Malaysia, Singapore, Japan, South Korea, the US, and Europe, POP MART continues to bring collectible culture to new audiences. The brand operates physical retail stores alongside ROBOSHOPs, automated vending machines that provide easy access to its sought-after collectibles. Additionally, it offers MEGA COLLECTION and exclusive figures, highly coveted by collectors worldwide. A Perfect Time for Expansion With Malaysia's growing community of designer toy enthusiasts, the opening of POP MART at The Exchange TRX located at Concourse Level couldn't be more timely. It is poised to further strengthen the brand's presence and cater to the increasing demand for its unique collectibles. Spanning 2,876 square feet, the store promises a spacious and immersive shopping experience, complete with an exclusive THE MONSTERS photo-worthy section for fans and collectors. As a premium-tier outlet, it features vibrant gradient LED lighting, enhancing the collectible shopping atmosphere. The store is thoughtfully designed with dedicated sections, including the MEGA COLLECTION, POP BEAN area, Blind Boxes, and Merchandise, offering a diverse and exciting selection for all collectors. Get ready to open a blind box and experience the magical charm brought to you by POP MART! Mark your calendars and don't miss the grand opening on April 19, 2025. Public registration is at 9:30 AM (QR code release on social media), followed by a ribbon-cutting ceremony and lion dance performance from 10:30 AM to 10:45 AM. At 11:00 AM, the store will officially open to the public. Don't miss out on the hot items, available on a first come, first served basis while stocks last. Among the items on offer are: MEGA SPACE MOLLY 400% Optimus Prime MEGA SPACE MOLLY 1000% & 400% Stitch THE MONSTERS × One Piece Series Figures DIMOO WORLD × DISNEY Series Figures THE MONSTERS Let' s Checkmate Series Vinyl Plush Doll THE MONSTERS ‒ FLIP WITH ME Vinyl Plush Doll Exclusive first-come, first-served promotions (while stocks last): ✨ MOLLY MOZERO ‒ Limited to just 100 units worldwide, with only 30 pieces available at The Exchange TRX! ✨ Lucky Bag Offer (Starting April 26) ‒ Get 3 random blind boxes + 1 random figurine for only RM150! (Limited availability) ✨ Gift with Purchase ‒ Spend a qualifying amount to receive a FREE ZSIGA Luggage Tag or The Monsters Almost Hidden Inflatable Sofa! (T&C apply, while stocks last.) Get ready to unwrap the magic of POP MART—one blind box at a time! * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
