CORP BRIEF: Realme, Chin Hin, DNeX and AWC-Techkem


Realme Malaysia gains 50% QoQ growth

SMARTPHONE brand Realme achieved 50% quarter-on-quarter (QoQ) growth in shipment for the third quarter of 2020 (3Q20) and was ranked as Top 2 smartphone brand in the Malaysian market compared to other SouthEast Asian countries. In a statement yesterday, Realme Malaysia said it caters to the demand of online purchase through its e-commerce platforms while practising contactless delivery during the Covid-19 pandemic period. Globally, Realme’s shipment grew 132 % QoQ, and the company cumulatively shipped over 50 million smartphones by the end of 3Q20, thus becoming the world’s fastest brand to hit 50 million shipments since its inception. — Bernama

Chin Hin to acquire freehold land in Pekan Kinrara

CHIN Hin Group Property Bhd’s wholly owned unit, Chin Hin Group Property Sdn Bhd, proposed to acquire a 1.38ha freehold land parcel in Pekan Kinrara, Selangor, from Perumahan Kinrara Bhd for RM59.76 million. In a filing to Bursa Malaysia yesterday, Chin Hin said Chin Hin Group Property must obtain the approval of the Economic Planning Unit for the purchase within 60 days from the date of the sale and purchase agreement. — Bernama

DNeX launches promotional packages targeting SMEs

DAGANG NeXchange Bhd (DNeX) launched new promotional packages to assist businesses, namely small and medium enterprises (SMEs), to adopt digitalisation in their trade processes. In a statement yesterday, it said the packages, effective Jan 1, 2021, aim to help SMEs to stay competitive and sustainable amid the challenges posed by the Covid-19 pandemic. Beginning Jan 1 until June 30, 2021, new customers can benefit from a waiver of registration fee worth up to RM500 for all services provided by DNeX’s wholly owned subsidiary Dagang Net Technologies Sdn Bhd. — Bernama

AWC-Techkem JV secures WTP contract

AWC Bhd and its joint-venture (JV) partner secured a subcontract worth RM20.87 million from Aliran Intelek Sdn Bhd to design and build a compact water treatment plant (WTP) in Melaka. The subcontract was awarded on Nov 30 to a JV between AWC’s wholly owned subsidiary DD Techniche Sdn Bhd and the Techkem group, comprising subsidiaries Techkem Utilities Sdn Bhd and Techkem Resources Sdn Bhd. In a filing to the local stock exchange yesterday, AWC — the leading engineering services provider in the country — said the subcontract works are civil and structural, as well as mechanical and electrical works. The main contract began on Oct 28 and the works are expected to be completed by June 15, 2021. — Bernama