Latest news with #SoloEraSolo1C
The Star
2 days ago
- Business
- The Star
Trading ideas: Hong Leong, Mah Sing, SunCon, Maxim, AEON, AEON Credit, KNM, Pestech
KUALA LUMUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Hong Leong Bank Bhd has clinched three categories at the Asian Banking & Finance Retail Banking Awards 2025, marking milestones in its five-year transformation programme. Mah Sing Group Bhd has been appointed by Majlis Perbandaran Kajang as the lead developer to construct a new RM52.5mn flyover at the intersection of Jalan Tasik Kesuma and Jalan Semenyih, Bandar Tasik Kesuma. Sunway Construction Group Bhd has clarified that it is not under investigation by the Malaysian Anti-Corruption Commission, which confirmed that its probe is limited to the personal conduct of a former employee. Maxim Global Bhd 's wholly-owned subsidiary, Mizumi Maxim Sdn Bhd, has executed an agreement for loan facilities totalling RM126mn, granted by Alliance Bank Malaysia Bhd . Aeon Co . (M) Bhd and Aeon Credit Service (M) Bhd have formed a JV to develop a unified membership and data ecosystem to enhance customer engagement and group retail-financial integration. KNM Group Bhd has proposed a regularisation plan to exit its PN17 status, which includes selling Deutsche KNM GmbH, cutting its share capital to RM276mn and combining every four shares into one. Trading of Pestech International Bhd 's securities was halted for an hour from 3.01 pm yesterday after it triggered PN17 listing requirements. EP Manufacturing Bhd 's unit EP Blueshark Sdn Bhd, together with Blueshark Malaysia Sdn Bhd, has begun local assembly of the SoloEra Solo 1C electric motorcycle at its advanced facility in Glenmarie, Shah Alam. Cypark Resources Bhd has secured RM1.3bn of financing from MBSB Bank Bhd, combining refinancing and working capital solutions. Silver Ridge Holdings Bhd said Selangor Industrial Corporation Sdn Bhd has withdrawn from their joint venture agreement to develop six data centre campuses in Cyberjaya. Uni Wall Aps Holdings Bhd has formally proposed to transfer its listing from the LEAP Market to the ACE Market of Bursa Malaysia. Star Media Group Bhd posted a net loss of RM0.23mn for 2QFY25, compared with a net profit of RM7.5mn a year earlier, dragged by lower property development revenue. Far East Holdings Bhd 's net profit for 2QFY25, slipped 3% to RM50mn from RM51.4mn a year earlier, due to higher operating expenses. HSS Engineers Bhd 's net profit jumped to RM6.6mn in 2QFY25, from RM2.8mn a year earlier as revenue rose 31.6% to RM57.7mn. Teo Seng Capital Bhd 's net profit for 2QFY25 jumped nearly 60% YoY to RM42.1mn from RM26.4mn, largely thanks to government subsidies for eggs to maintain price control. George Kent (Malaysia) Bhd posted a net loss of RM8mn for 1QFY26, dragged by foreign exchange losses and higher operating costs. Sam Engineering & Equipment (M) Bhd's net profit for 1QFY26 rose 60.3% to RM16.2mn from RM10.1mn a year earlier, driven by higher sales from its equipment and aerospace segments. Avangaad Bhd's net profit for 2QFY25 fell to RM6mn from RM94.7mn in 2QFY24, in the absence of one-off income from debt writebacks booked in the same period a year ago.
The Star
2 days ago
- Automotive
- The Star
EPMB begins local assembly of Soloera EV motorbikes
Azizi Mustafa (CEO of MIDF Bhd), Azrul Reza Aziz (CEO of MARii), Hamidon Abdullah (Executive Chairman of EPMB), Jeff Chong (Group CEO (ASEAN) of Blueshark Ecosystem Sdn Bhd), Datuk Hanafi Sakri (Deputy Secretary General (Industry), MITI), Ahmad Razlan Mohamed (Group CEO of EPMB), and Mohd Nizam Mohamed (Director of Manufacturing of EPMB) during the tour of EPMB's manufacturing facility. KUALA LUMPUR: EP Manufacturing Bhd 's (EPMB) subsidiary, EP Blueshark Sdn Bhd (EP Blueshark), and Blueshark Malaysia Sdn Bhd have commenced the local assembly of the SoloEra Solo 1C electric motorcycle at EPM's advanced facility in Glenmarie, Shah Alam. In a joint statement, EPMB, an automotive solutions provider, stated that the local assembly of electric motorcycles reflects both companies' commitment to supporting the National Energy Transition Roadmap and Malaysia's net-zero goal. The partnership combines EPMB's manufacturing expertise with Blueshark Malaysia's EV technology to advance Malaysia's transition towards sustainable mobility. 'The facility has an initial production capacity of 12,000 electric motorcycles annually. Building on this momentum, local assembly of the high-performance Solo 2 and Solo 3 models is now underway. 'This expansion not only widens consumer choice but also underscores the shared vision of positioning Malaysia as a strategic hub for two-wheeled electric vehicle manufacturing in Asean and beyond,' the statement said. EPMB executive director Aidan Hamidon said the commencement shows the company's commitment to driving EV technology in the future. 'EPMB continues to make strides towards the forefront of energy-efficient vehicle (EEV) production and advancing the next generation of mobility solutions in Malaysia and beyond,' he said. Blueshark Malaysia chief executive officer Jeff Chong said the announcement is in line with the company's vision for providing an affordable and sustainable mobility solution. 'Together with our strategic partners EPMB and Petronas Dagangan Bhd , we are committed to expanding Malaysia's electromobility ecosystem into one where smart, connected electric motorcycles are accessible to more riders, while establishing the country as a manufacturing hub for Asean and beyond,' he said. According to EPMB, the Solo 1C recorded over 6,000 registrations of interest in just over a month following the launch of a limited-time pre-launch promotion in July. Priced from as low as RM599, the campaign makes the Solo 1C one of the most accessible electric motorcycles in the market. Until Sept 16, eligible customers can pre-order the Solo 1C at the promotional price of RM599, with the discounted price made possible by a RM2,400 rebate under the Malaysia Automotive, Robotics, and Internet of Things Institute and additional support from Blueshark. — Bernama
New Straits Times
3 days ago
- Automotive
- New Straits Times
EP Manufacturing kicks off local assembly of SoloEra electric motorcycles
KUALA LUMPUR: EP Manufacturing Bhd's (EPMB) unit EP Blueshark Sdn Bhd, together with Blueshark Malaysia Sdn Bhd, has begun local assembly of the SoloEra Solo 1C electric motorcycle at EPMB's advanced facility in Glenmarie, Shah Alam. The plant has an initial capacity of 12,000 units a year, with assembly of the higher-performance Solo 2 and Solo 3 models also underway. EPMB said the expansion widens consumer choice while positioning Malaysia as a strategic hub for two-wheeled electric vehicle (EV) manufacturing in Asean and beyond. The company hosted a site visit for key stakeholders, including the Investment, Trade and Industry Ministry (Miti), the Malaysia Automotive Robotics & IoT Institute (MARii), Malaysian Industrial Development Finance Bhd, Petronas Dagangan Bhd and Blueshark. "EPMB continues to make strides towards the forefront of energy-efficient vehicle production and advancing the next generation of mobility solutions in Malaysia and beyond," executive director Aidan Hamidon said in a statement. He added that the Solo 1C has attracted strong interest, with over 6,000 registrations recorded within a month of its pre-launch promotion in July. Priced from as low as RM599, the Solo 1C is among the most affordable electric motorcycles in the market. Its success was driven by an exclusive collaboration with Petronas' Mesra Rewards and Setel, supported by MARii's MARiiCas EV rebate initiative to accelerate nationwide adoption. EPMB said the SoloEra series is designed to ease the shift from internal combustion engine motorcycles to electric, aligning with the government's target of achieving 20 per cent electrified vehicles by 2030.
The Star
3 days ago
- Automotive
- The Star
EPMB starts local assembly of affordable electric motorcycles
Azizi Mustafa (CEO of MIDF Bhd), Azrul Reza Aziz (CEO of MARii), Hamidon Abdullah (Executive Chairman of EPMB), Jeff Chong (Group CEO (ASEAN) of Blueshark Ecosystem Sdn Bhd), Datuk Hanafi Sakri (Deputy Secretary General (Industry), MITI), Ahmad Razlan Mohamed (Group CEO of EPMB), and Mohd Nizam Mohamed (Director of Manufacturing of EPMB) during the tour of EPMB's manufacturing facility. KUALA LUMPUR: EP Manufacturing Bhd (EPMB), through its unit EP Blueshark Sdn Bhd and in partnership with Blueshark Malaysia Sdn Bhd, has begun local assembly of the SoloEra Solo 1C electric motorcycle at its Glenmarie, Shah Alam facility. In a statement, EPMB said this milestone reflects the joint commitment of EPMB and Blueshark to support the National Energy Transition Roadmap (NETR) and Malaysia's net-zero ambitions. It also showcases the growing strength of the partnership, combining EPMB's manufacturing expertise with Blueshark's EV technology to advance Malaysia's transition towards sustainable mobility. The Glenmarie plant has an initial capacity of 12,000 units a year, with assembly of the Solo 2 and Solo 3 models underway to expand options and position Malaysia as a regional hub for two-wheeled EV (2WEV) manufacturing. "We are thrilled to announce the start of production of SoloEra electric motorcycles at our Glenmarie facility. EPMB continues to make strides towards the forefront of energy-efficient vehicle (EEV) production and advancing the next generation of mobility solutions in Malaysia and beyond,' EPMB executive director Aidan Hamidon said. Meanwhile, Investment, Trade and Industry deputy secretary-general (Industry) Datuk Hanafi Sakri said mass production of advanced EVs by EPMB with Blueshark will be pivotal in advancing Malaysia's NETR and vehicle electrification goals. Separately, Bluesharh CEO Jeff Chong said: 'This is a proud moment for Blueshark and our partners as we turn our vision for affordable, sustainable mobility into reality.' 'Together with our strategic partners EPMB and Petronas Dagangan Bhd , we are committed to expanding Malaysia's electromobility ecosystem while establishing the country as a manufacturing hub for Asean and beyond." The Solo 1C drew over 6,000 registrations of interest within a month of its July pre-launch promotion, which priced the model from RM599, making it one of the most affordable electric motorcycles in the market.
