Latest news with #RM41.3
New Straits Times
06-05-2025
- Business
- New Straits Times
Hektar REIT taps Samaiden for solar rollout across five malls
KUALA LUMPUR: Hektar Real Estate Investment Trust (REIT) has collaborated with Samaiden Group Bhd on a solar deal, aligning with Malaysia's renewable energy transition and long term carbon reduction targets. Under the partnership, solar photovoltaic (PV) systems will be installed across five Hektar REIT's shopping centres under a zero upfront capital model. Samaiden will lead the end-to-end execution while Hektar REIT will benefit from a fixed clean energy supply rate. In a joint statement, both parties said this structure helps mitigate electricity price volatility and contributes to financial stability through predictable energy costs. The initiative is expected to generate long-term energy cost savings of about RM41.3 million over the partnership period while avoiding an estimated 98,640 tonnes of carbon emissions. "By integrating rooftop solar PV systems across our malls, we are not only reducing our carbon footprint, but also increasing energy efficiency and lowering the total electricity consumption, potentially by up to 15 per cent annually compared to the previous year. "This is a strategic move that supports national climate commitments while delivering tangible returns to our unitholders, tenants, and communities," said Hektar Asset Management Sdn Bhd chief executive officer Zainal Iskandar Ismail. Samaiden group managing director Datuk Chow Pui Hee said the company's zero-capex solar programme provides businesses with the opportunity to integrate sustainable energy solutions without financial barriers. "As one of Malaysia's leading renewable energy providers, Samaiden is committed to delivering innovative solar solutions that support carbon reduction and enhance energy resilience. "By partnering with forward-thinking industry players like Hektar REIT, we hope to drive greater adoption of solar energy in Malaysia's commercial and retail sectors," she added.
Malaysian Reserve
23-04-2025
- Automotive
- Malaysian Reserve
MCE clinches new contract from Michigan-based manufacturer
MCE Holdings Bhd, a Johor-based automotive electronics and mechatronic components supplier, has secured multiple new contracts with a combined value of close to RM212.7 million. In an exchange filing today, it said the contracts were awarded to MCE's subsidiaries, with Multi-Code Electronics Industries (M) Bhd securing projects from Michigan-based automotive components supplier JVIS USA LLC (JVIS) and Perodua, while MCE Hengtuo Sdn Bhd was awarded the contract from Proton. The contact with JVIS, valued at RM69.6 million, is over 60 months, to supply mechatronic components for a vehicle model in the US market, with production scheduled to commence in the first quarter of the financial year ending July 31, 2027. It said the new domestic contracts include with Perodua comprise multiple projects valued at about RM41.3 million for its two upcoming models, an electric vehicle (EV) and an internal combustion engine (ICE) vehicle. MCE will supply a range of electronic and mechatronic components, with the EV model running for 36 months starting in 2Q26, and the ICE model over 72 months beginning in 1Q27. In addition, MCE said it has secured a 60-month supply contract with Proton for mechanical and mechatronic parts for a new car model, valued at approximately RM9.8 million. The project will begin in the first quarter of the financial year ending July 31, 2026. 'Our ability to engineer solutions for a wide range of customer needs, from conventional ICE vehicles to next-generation EVs, and across local and overseas markets, reflects not only the strength of our in-house expertise, but also our agility in navigating today's complex operating environment,' MCE group MD Dr Goh Kar Chun said in a statement. At 2.45pm today, MCE counter was up 4 sen or 3% to RM1.55, valuing the company at RM214 million. – TMR
