CORP BRIEF: SNC, Samaiden, TCS, George Kent and MDEC

by TMR / graphic by MZUKRI MOHAMAD

SNC signs JV for Melaka projects 

SAND Nisko Capital Bhd’s (SNC) wholly-owned subsidiary, Len Cheong Resources Sdn Bhd, has entered into a joint venture (JV) agreement with Mutiara Mahajuta Sdn Bhd for dual-phase development on a piece of approximately 162 acres (66ha) of land in Melaka. The first phase of development entails the right to plant oil palm, rubber trees, fruit trees or high-quality forest trees with higher yields, while Phase 2 is the right to develop the land into a mixed development project, the company said in a filing to Bursa Malaysia yesterday.

Samaiden inks maiden solar PPA 

SAMAIDEN Group Bhd’s wholly-owned subsidiary, Samaiden Capital Management Sdn Bhd, has entered into a power purchase agreement (PPA) with Sunway Nexis Management Corp for the latter to purchase electricity generated from the rooftop solar photovoltaic (PV) power system to be developed by Samaiden Capital under the Net Energy Metering 3.0 Scheme. Samaiden will construct, install, test and commission a 531 kilowatt-peak (kWp) grid-connected roof-top solar PV power system at Sunway Nexis’ premises in Kota Damansara, Selangor, it said in a statement yesterday. Samaiden will also operate and maintain the rooftop solar PV system and supply electricity to Sunway Nexis for a duration of 20 years. Construction activities shall commence next month and scheduled to be completed by March 2022.

TCS secures RM126m project in Kuala Langat 

TCS Group Holdings Bhd’s wholly-owned subsidiary, TCS Construction Sdn Bhd, has secured a RM126 million contract from Saujana Permai Development Sdn Bhd for the design, construction and completion of foundation and main building works for a condominium project in Kuala Langat, Selangor known as the Arcadia.

George Kent, MDEC ink MoU 

GEORGE Kent (M) Bhd signed a memorandum of understanding (MoU) with the Malaysia Digital Economy Corp (MDEC) to collaborate and promote growth of the tech ecosystem in advancing Malaysia’s digital economy transformation, as George Kent seeks new growth opportunities in the digital space. The MoU will expire on Nov 30, 2024. Under the terms of the MoU, both parties will jointly promote initiatives that will benefit and drive growth of the tech ecosystem in the country.