CORP BRIEF: Parlo, Rakuten Trade and Hong Seng

by TMR / pic by TMR GRAPHIC

KipleLive ex-CEO Ti appointed as new Parlo ED

PARLO Bhd appointed Ti Lian Seng, former CEO of KipleLive, as ED to drive the company’s expansion beyond leisure, corporate and meetings, incentives, conferences and exhibitions, as well as travel and ancillary services into migrant workforce management services from source to destination countries, the company said in a statement yesterday. Parlo is targeting new services like travel, logistics and dormitory arrangements, medical examinations, vocational training, provision of micro-financing and digital identity solutions to digitise the process end-to-end. The company on Sept 25 announced an agreement for the provision of these services to Myanmar’s Diamond Palace Services Co Ltd. Ti was also with Webe/Unifi Mobile and was the chief technology officer of Packet One Networks (M) Sdn Bhd, the largest fixed broadband provider and a global top three Wimax operator respectively. Parlo also announced the appointment of Md Radzi Din, an accomplished professional in the technology sector with 33 years of experience in management, business development and marketing, as independent non-ED. Md Radzi was formerly with Sapura Group, among other companies.

Rakuten Trade appoints Kazumasa Mise as CEO

RAKUTEN Trade Sdn Bhd appointed Kazumasa Mise as its CEO and a member of its board of directors which has taken effect on Oct 16, 2020. Mise replaced Kaoru Arai, who was the MD of Rakuten Trade since its launch in May 2017. Chairman Datuk Chay Wai Leong in a statement yesterday said he is confident of Mise’s ability to lead Rakuten Trade in its next chapter of growth. Rakuten Trade is a joint venture between Rakuten Securities Inc in Japan and Kenanga Investment Bank Bhd, and the only completely digital equities broker in Malaysia.

Hong Seng proposes to diversify into glove manufacturing, hire purchase

HONG SENG Consolidated Bhd announced yesterday its proposed diversification into the manufacturing and trading of gloves and related healthcare products to take advantage of favourable long-term prospects for the glove industry and additional demand created by the Covid-19 pandemic. In a Bursa filing yesterday, Hong Seng said it expects to commission two production lines and produce nitrile butadiene rubber (NBR) gloves by April 2021. The company expects one additional production line to be commissioned every month from May 2021 with all of its six production lines in operation by September 2021. The expected production capacity and output for each of the NBR double former glove dipping production lines is 241.92 million pieces per annum, while the total expected production capacity and output for all six units of the production lines is 1.45 billion pieces per annum.