Update on the simplified tender offer for North Atlantic Energies shares

Nanterre, June 8 (Bernama-GLOBE NEWSWIRE) -- 

Update on the simplified tender offer for North Atlantic Energies shares

Nanterre, June 8, 2026 – North Atlantic France recalls that, on November 28, 2025, it announced the successful closing of its acquisition of 82.89% of the share capital and voting rights of Esso S.A.F, renamed North Atlantic Energies, at a price of €26.19 per share.

North Atlantic France announced on November 10, 2025 that it will file a mandatory tender offer under the simplified procedure (the “Offer”) for the remaining shares of North Atlantic Energies it does not own at a price of €28.93 per share.

North Atlantic France informs the public that it will not request the implementation of a squeeze-out procedure as part of the Offer.

The Offer, therefore with no squeeze-out procedure, will be filed with the Autorité des marchés financiers (the “AMF”) once the independent expert’s work has been finalised. The Offer documentation, including the independent expert's fairness opinion on the financial terms of the Offer, will be submitted to the AMF for review, and the Offer will only open once the AMF has issued its compliance decision.

MEDIA CONTACTS

France: Brunswick Group - northatlantic@brunswickgroup.com
Hugues Boëton: +33 6 79 99 27 15
Paul Priam: +33 6 84 39 09 89

Canada: Mark Duggan - markduggan@northatlantic.ca
+1-709-687-3136

ABOUT NORTH ATLANTIC

For nearly four decades, North Atlantic has been a market leader in the retail gas and convenience sector, as well as the residential, commercial, and wholesale fuel industries in Newfoundland and Labrador. Recently, through a joint venture with Suncor Energy, North Atlantic expanded its retail division into Nova Scotia and Prince Edward Island, through North Sun Energy. As managing partner, North Atlantic operates 110 fuel retail sites across all three provinces. North Atlantic has ambitious plans for future growth and development in strategic locations across the region. Known for its expertise in acquiring and delivering exceptional products, North Atlantic caters to both domestic and industrial sectors while also serving global clients through their marine bunkering distribution channels. North Atlantic is committed to strategic growth to deliver innovative and green energy solutions aligned with evolving global needs. By driving industry progress, North Atlantic is supporting new skills and new jobs for this dynamic landscape. North Atlantic remains committed to providing exceptional energy, fuel and convenience retail initiatives that enhance customer experience while fostering economic growth in the communities they serve in Canada and beyond.

MEDIA CONTACTS

France: Brunswick Group - northatlantic@brunswickgroup.com
Hugues Boëton: +33 6 79 99 27 15
Paul Priam: +33 6 84 39 09 89

Canada: Mark Duggan - markduggan@northatlantic.ca
+1-709-687-3136 

SOURCE: North Atlantic

Fiamma Sharpens Product Development Strategy to Capture Malaysia’s Evolving Home Appliance Market

KUALA LUMPUR, June 8 (Bernama) -- Fiamma Holdings Bhd is sharpening its product development strategy as it expands beyond its traditional kitchen appliance base into broader home, lifestyle, cooling and healthcare-related categories.

Group chief executive officer Jimmy Tan Chee Wee said the group’s focus remains on understanding Malaysian consumers and developing products that are practical, relevant and suited to local living conditions.

“Malaysia is our home market. We understand how consumers live, cook, renovate and use appliances. That gives us an advantage when we work with partners to develop products that solve real pain points.”

Fiamma owns and distributes brands including ELBA, RUBINE, FABER, TUSCANI and HAUSTERN. It also distributes selected international brands across home appliance, healthcare and medical device categories.

Tan said Fiamma’s advantage lies in combining consumer insights, dealer feedback and supplier relationships to introduce products that meet local needs. Rather than moving immediately into manufacturing, the group remains focused on asset-light sourcing, product customisation and co-development with established factories.

“For now, our priority is product relevance, quality, speed to market and customer experience. Manufacturing is not something we are rushing into. It has to make commercial sense.”

Fiamma has been refreshing its brand portfolio. ELBA targets the mass-market segment, RUBINE is positioned around design and innovation, while FABER has been repositioned with a contemporary identity focused on small domestic appliances and lifestyle-led products.

Tan said the product strategy is built around products, partners and people. Before launching new models, Fiamma studies consumer behaviour, market data, competitor offerings and dealer feedback, followed by prototype testing, technical vetting, certification and after-sales readiness.

Recent developments include a slimline instantaneous water heater with energy optimisation and sensing features to help maintain water temperature despite water pressure fluctuations.

Fiamma is also enhancing kitchen ventilation products, including cooker hoods for condominiums and homes without external ducting, with some models using sensor-driven features to adjust fan speed based on cooking fumes.

Beyond kitchen appliances, Fiamma is expanding into laundry, cleaning, dishwashing and cooling solutions as part of its broader home-solutions strategy.

In air-conditioning, the group established a distribution joint venture under the VINO brand with a Zhuhai-based manufacturer. Operations began in July 2025, with Fiamma focusing on channel development, installer training, after-sales readiness and project specification work.

“The first two to three years are about building confidence. Air-conditioning is not just about selling a box. Installation and service quality are critical.”

The group is also building its healthcare and medical devices business, covering hospitals, clinics, pharmacies and consumer healthcare outlets, supported by rising health awareness and an ageing population.

For the first quarter ended March 31, 2026, Fiamma’s revenue rose 5.9% year-on-year to RM104.36 million, supported mainly by the Trading and Services segment, which grew 11.6% to RM87.0 million. Profit normalised to RM10.75 million from RM36.19 million a year earlier, as the previous corresponding quarter included non-recurring gains.

“We want growth, but it must be profitable growth. The market is competitive, so we must be disciplined.”

SOURCE : Aegis Communication

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Jason Fong
Tel: +6012-8631134
Email: jason@aegiscomm.com.my

--BERNAMA

SKHTU Obtains US SEC License, Ushering in a New Era of Crypto Compliance

DENVER, June 3 (Bernama-GLOBE NEWSWIRE) -- As global crypto market regulatory systems become increasingly sophisticated, compliance has become an inevitable trend for trading platform development. SKHTU Exchange recently announced its official acquisition of an operating license from the US Securities and Exchange Commission (SEC), making it one of the few compliant trading platforms meeting US securities regulatory standards. This milestone marks a significant breakthrough in the SKHTU compliance framework and lays a solid foundation for its global strategy.

The SEC, as the most authoritative financial regulator worldwide, sets licensing standards covering asset custody, investor protection, information disclosure, and anti-money laundering (AML), among other stringent requirements. Obtaining this certification means the platform must achieve the same standards as traditional securities markets in operational transparency, fund security, and compliance governance.

With the SEC license, SKHTU Exchange can provide legitimate trading services in the US and other regulated markets, covering spot, derivatives, asset management, and RWA (real-world asset) business areas. This gives the platform higher market access qualifications and provides institutional clients and multinational investors with a secure, regulation-compliant investment environment.

The SKHTU Exchange compliance team stated: “Obtaining the SEC license is not only a breakthrough in compliance, but also represents our long-term commitment to global users. Regulatory involvement is not a restriction, but the starting point for trust. We aim to provide reliable financial services for investors with a higher-standard regulatory framework.”

Industry experts believe that the SEC license is a key sign of crypto trading platforms entering the institutional stage, enabling platforms to play a deeper role in capital markets and providing a legal foundation for RWA tokenization, compliant issuance of financial derivatives, and cross-border asset allocation. As global regulatory consensus forms, platforms with SEC qualifications will have significant advantages in future market competition.

This milestone symbolizes a critical leap in the compliance landscape of SKHTU Exchange. From the crypto ecosystem to traditional finance, SKHTU uses compliance as a bridge to build safe and sustainable digital financial infrastructure, offering global users a more robust investment environment.

A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/8505d29a-d3fe-4f9f-8ef3-e5ce250001b5

Contact: Ridzuan-support@skhtu.org

SOURCE: Skhtu Exchange Services Ltd

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

--BERNAMA

BLACKSTONE CLOSES LARGEST ASIA PRIVATE EQUITY FUND AT US$13.1 BLN

KUALA LUMPUR, June 3 (Bernama) -- Blackstone, an alternative asset manager, has announced the final close of Blackstone Capital Partners Asia III (BCP Asia III) at US$13.1 billion, exceeding its US$10 billion target and marking the firm's largest private equity fundraise in Asia. (US$1=RM3.96)

The oversubscribed fund reached its hard cap and builds on the strong performance of the strategy’s first two vintages, with this close representing more than double the amount of capital raised for its predecessor vehicle.

“We are grateful for the continued trust of our investors in Blackstone and our leading Asia Private Equity franchise. This successful fundraise reflects the strength of our platform and our ability to perform through cycles,” said Blackstone Private Equity Strategies Global Head, Joe Baratta in a statement.

Meanwhile, Blackstone Private Equity Head of Asia, Amit Dixit said: “We believe our differentiation lies in our scale, supported by homegrown teams across the region’s major markets; strong performance; and our control-orientated strategy that enables us to have a hands-on, proactive approach to supporting business transformations. We thank our investors for their support and partnership.”

The firm invested more than US$7 billion across 12 transactions in the region over the past 24 months.

The investments include Neysa, a fast-growing Indian artificial intelligence cloud platform; TechnoPro, Japan's leading specialised engineering services provider; and JUNO, South Korea's top hair salon franchise.

Blackstone also completed 15 exits during the same period, including the listings of International Gemological Institute and Aadhar Housing Finance, as well as its exit from Alinamin Pharmaceutical in Japan.

-- BERNAMA

CGC TO IMPLEMENT RM10 BILLION BNM-CGC PORTFOLIO GUARANTEE SCHEMES FOR MSME GROWTH, INCLUSION AND RESILIENCE

PETALING JAYA, June 3 (Bernama) -- Credit Guarantee Corporation Malaysia Berhad (“CGC”) will roll out the BNM-CGC Portfolio Guarantee (PG) and Portfolio Guarantee-i (PG-i) schemes, supporting up to RM10 billion in guaranteed financing for micro, small and medium enterprises (MSMEs). Building on Bank Negara Malaysia’s (BNM) earlier announcement, the schemes are designed to broaden MSMEs’ access to financing across growth and strategic sectors, with CGC serving as the implementation and risk-sharing platform alongside participating financial institutions.

This marks a shift from direct lending support through non-relief facilities toward a scalable, guarantee-based model that enables participating financial institutions to support viable MSMEs, including first-time borrowers and businesses investing in future growth.

The PG and PG-i schemes are structured around four policy objectives: expanding financial inclusion for underserved MSMEs, supporting climate and sustainability transition, improving productivity, and strengthening business resilience. These objectives translate into targeted support for microenterprises, startups, sustainability-focused businesses, enterprises in emerging and strategic sectors, and MSMEs investing in innovation, productivity and resilience.

President and Chief Executive Officer of CGC, Encik Mohamed Nazri Omar, said: “This signals a move from direct lending support toward a larger, guarantee-based financing model that enables financial institutions to lend with greater confidence to viable MSMEs, including first-time borrowers, smaller businesses, and enterprises investing in future growth. Through our targeted risk-sharing approach with participating financial institutions, we want to change the way they evaluate these underserved market segments to create new opportunities and contribute to a stronger and resilient economy.”

Unlike short-term facilities that primarily address immediate cash-flow and working-capital pressures, the PG and PG-i schemes are designed to support longer-term MSME growth, productivity upgrading, sustainability transition and resilience-building. They complement BNM’s SME Stabilisation Relief Facility (SME SRF), which provides short-term relief of up to RM750,000 in working capital over tenures of up to 5 years, and the earlier RM300 million PG Relief Scheme, which offers targeted relief of RM20,000 to RM500,000, up to 90% coverage, and up to 7 years for affected MSMEs. Together, these initiatives span the full spectrum from immediate relief to long-term growth.

Under the PG and PG-i schemes, eligible MSMEs can access:

• Financing of up to RM10 million per MSME, supporting expansion and long-term investment
• Tenures of up to 10 years, offering flexible and manageable repayment terms
• Guarantee coverage of up to 85%, helping eligible MSMEs with limited collateral improve their access to financing, subject to credit assessment by participating financial institutions
• Guarantee fees from as low as 1%, keeping overall costs affordable

For further details on the schemes, visit CGC’s website at www.cgc.com.my (BNM-CGC Portfolio Guarantee schemes page). Alternatively, MSMEs may contact CGC’s Client Service Centre at 03-7880 0088, email csc@cgc.com.my, or reach out to any of CGC’s branches nationwide.

About CGC

Credit Guarantee Corporation Malaysia Berhad (CGC) was established on 5 July 1972. It is 78.65% owned by Bank Negara Malaysia and 21.35% by the commercial banks in Malaysia. CGC aims to assist Micro, Small, and Medium-Sized Enterprises (MSMEs) with inadequate or without collateral and track records to obtain credit facilities from financial institutions by providing guarantee cover on such facilities. As of April 2026, CGC has availed over 547,000 guarantees and financing to MSMEs valued at over RM104 billion since its establishment.

On 9 February 2018, CGC introduced imSME, Malaysia’s first MSME online financing/loan referral platform. The imSME serves as an alternative channel for MSMEs to source for financing products, saving them both the time and the hassle of going through time-consuming processes. Since inception, the imSME portal had received more than 3.19 million visits, with more than 144,987 registered MSMEs under the portal.

For more information, please visit www.cgc.com.my and imsme.com.my.

SOURCE: Credit Guarantee Corporation (CGC)

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Azman Idrus
Head of Strategic Management & Communications
Name: Azri Zulfadli Fadil
Head of Branding & Events
Email: ccsr@cgc.com.my

--BERNAMA

RSSB: 3QFY26 NET PROFIT RISES 3.8-FOLD OVER PRECEDING QUARTER ON CONTINUED TURNAROUND INITIATIVES

- Expects growth momentum to pick up pace going into FY27 and beyond, backed by RM600 million indicative construction project pipeline 

KUALA LUMPUR, May 28 (Bernama) -- Main Market-listed property developer and construction service provider, Rivertree STF Synergies Berhad (formerly known as Sinmah Capital Berhad) (“RSSB” or the “Group”), has announced its third quarter (“3QFY26”) and nine-month financial results for the period ended 31 March 2026 (“9MFY26”). Following the change in financial year end from 31 December 2024 to 30 June 2025, there are no comparative figures available for both 3QFY26 and 9MFY26.  

RSSB’s 3QFY26 net profit jumped 3.8-fold to RM1.6 million from RM0.4 million in the preceding quarter (“2QFY26”). This was the fourth successive profitable quarter after having recorded annual losses since 2018. Revenue for the quarter came in at RM8.2 million, mainly attributed to progressive recognition from the Laman Lentera and Bukit Gambir projects, as well as sales of development land under the Property Development segment.  

On a cumulative basis, 9MFY26 net profit was at RM2.3 million on the back of RM27.8 million revenue. As at 31 March 2026, RSSB’s balance sheet is lean with cash holdings of RM17.7 million and zero borrowings.

Executive Director of RSSB, Dato’ Simon David Leong (拿督梁世民) who joined the Board of Directors in October 2025, said, “Under new leadership since late 2025, we are making good progress. From RM252,000 net profit in first quarter of FY26 to RM426,000 in second quarter, and now RM1.628 million in 3QFY26, we are confident to sustain the upward trajectory going forward. Our principal activities of property development and construction services will remain, while we are also diversifying into Centralised Labour Quarters (“CLQ”) management in the near term once we secure the necessary approvals.” 

"Looking ahead, we have a clear pipeline – the construction of four CLQs in the Klang Valley with an aggregate indicative development value of approximately RM600 million encompassing 28,800 beds subject to finalisation of definitive agreements, with Q Centre @ Teratai being first in line. Together with our planned venture into CLQ management, this positions RSSB as a one stop centre for CLQ solutions, offering a comprehensive suite of services spanning design, construction, development, facility management, and workforce-related services, thus delivering value across the full CLQ lifecycle," he added.

RSSB expects to sign definitive agreements with Catenary Capital Sdn Bhd¹ (“Catenary Capital”) and Q Centre Management Sdn Bhd (“QCM”) soon for the development of Q Centre @ Teratai, the first of the four proposed CLQs. Located in Meru, Klang, Q Centre @ Teratai is a 9,000-bed CLQ with an indicative development value of approximately RM171 million.  

To recap, RSSB had on 3 March 2026 entered into Heads of Agreement with Catenary Capital and QCM for the development of up to four CLQ facilities in the Klang Valley. RSSB is the turnkey developer responsible for the full scope of design and construction across the proposed facilities. Upon signing of definitive agreements, the construction of the four proposed CLQs would provide clear earnings visibility to the Group for the next three years. 

RSSB also announced on 19 March 2026 its plan to diversify into CLQ management, encompassing facility management, maintenance, security, compliance monitoring, tenant management and ancillary services such as transportation coordination, laundry services and other value-added offerings. Given the rising need for compliant, purpose-built CLQs in the country, this strategic move will allow the Group to build a stable and growing recurring income stream to complement its project-based revenue. 

“Our growth path is clear and the team is forging forward on all fronts – property development activities from our existing jobs as well as upcoming projects in the Klang Valley; construction of four CLQs with Q Centre @ Teratai being first in line, as well as our planned venture into the management of CLQs. With the pieces all coming together, the next twelve months will be transformative for RSSB,” Dato’ Simon concluded. 

Note: ¹ Catenary Capital is a fund manager duly registered with the Securities Commission Malaysia and one of the fund managers under Kumpulan Wang Persaraan (Diperbadankan) (“KWAP”)’s Dana Pemacu initiative.

About Rivertree STF Synergies Berhad (RSSB) 
Listed on the Main Market of Bursa Malaysia, Rivertree STF Synergies Berhad (formerly known as Sinmah Capital Berhad) adopted its current name effective 3 February 2026. Following the disposal of its entire poultry business in 2022, the Group is now principally involved in residential and commercial property development, as well as provision of construction services. 

Through its wholly-owned subsidiary, RSSB Builders Sdn Bhd, the Group holds a Grade 7 (G7) contractor licence issued by the Construction Industry Development Board (CIDB), which qualifies it to tender for and undertake construction projects of unlimited contract value. The Group is currently involved in property development projects in Melaka, Johor and Selangor, and is expanding its construction portfolio to include turnkey developments of Centralised Labour Quarters in Klang Valley area. 

Bursa stock code: RSSB / 9776 

Released on behalf of Rivertree STF Synergies Berhad by Capital Front Investor Relations. 

SOURCE: Capital Front Investor Relations

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Dwayne Teng
Email: dwayne@capitalfront.biz

--BERNAMA

KPS Berhad’s 1Q26 Revenue Moderates Amidst Cautious Demand Environments

 

• Lower  Contributions from  Toyoplas   and  CPI  Weigh  on Performance
• Customer Diversification and Operational Discipline Remain Key Priorities

 
SHAH ALAM, Malaysia, May 25 (Bernama) -- Kumpulan Perangsang Selangor Berhad (“KPS Berhad” or “the Group”) (KPS, Bursa: 5843; Bloomberg: KUPS:MK; Reuters: KPSB.KL) today announced its financial results for the first quarter ended 31 March 2026 (“1Q26”). Against a backdrop of cautious demand conditions and measured customer procurement activities across the manufacturing sector, KPS Berhad recorded a lower revenue of RM208.2 million compared with RM243.5 million in the corresponding quarter last year (“1Q25”). Operating profit correspondingly moderated to RM8.6 million from RM13.7 million year-on-year (“YoY”), affected by lower production volumes, weaker operating leverage and net foreign exchange losses. Consequently, profit after tax and zakat (“PAT”) declined to RM2.7 million, compared with RM8.2 million in 1Q25.
 
HIGHLIGHTS FOR THE QUARTER ENDED 31 MARCH 2026
 
The operating environment remained cautious during the quarter amidst persistent geopolitical tensions in the Middle East and uneven global demand conditions, which continued to weigh on customer planning visibility and confidence across parts of the manufacturing sector. Inventory replenishment activities remained measured, as customers adopted a more circumspect procurement approach and increasingly staggered ordering patterns, particularly within consumer electronics-related segments. Meanwhile, the packaging sector continued to face pricing pressures arising from high competition and low-cost imports from China.
 
Revenue consequently moderated to RM208.2 million for the first quarter of 2026, representing a 14% decline compared with RM243.5 million in the same quarter last year. The manufacturing business remained the Group’s main revenue contributor, contributing RM171.7 million compared with RM204.1 million in 1Q25.
 
Toyoplas Manufacturing (Malaysia) Sdn Bhd (“Toyoplas”) remained the Group’s largest revenue contributor this quarter at RM74.3 million, albeit lower by RM26.3 million YoY due to softer order volumes amidst ongoing customer recalibration activities and cautious demand visibility across selected end markets. The lower contribution was further affected by a key customer’s adjustment in contract manufacturing allocation during the quarter. Nevertheless, contributions from new projects in Vietnam partially mitigated the decline.
 
CPI (Penang) Sdn Bhd (“CPI”) recorded revenue of RM46.5 million, down RM6.3 million from RM52.8 million previously, mainly due to lower sales across most business segments except healthcare, which continued to benefit from new project contributions. Topline performance was further moderated by the stronger Ringgit Malaysia against the US Dollar, as a meaningful portion of CPI’s sales remained denominated in USD.

 
MDS Advance Sdn Bhd (“MDS Advance”) maintained a relatively stable revenue of RM5.1 million compared with RM5.2 million in 1Q25. This was supported by the fulfilment of selected customer project requirements within its medical-related segment. This was despite a higher comparative base arising from certain customers front-loading deliveries within the electronics segment in the corresponding quarter last year.
 
Meanwhile, Century Bond Bhd (“CBB”) recorded revenue of RM45.8 million, broadly in line with the corresponding quarter last year. The paper division provided a stable contribution during the quarter, partially cushioning weaker demand conditions and continued pricing pressures across the carton division amidst intense competition within the packaging sector.
 
The trading business, represented by Aqua-Flo Sdn Bhd (“Aqua-Flo”), contributed RM36.5 million to the Group’s revenue, compared with RM39.4 million in 1Q25. The lower contribution was mainly attributable to weaker chemical sales amidst evolving procurement dynamics. Nevertheless, contributions from water meters and project-related activities continued to provide support to the overall performance of the trading business.
 
The Group recorded an operating profit of RM8.6 million compared with RM13.7 million a year earlier. The lower operating profit was primarily attributable to weaker fixed cost absorption arising from lower production volumes across several manufacturing subsidiaries. The impact was compounded by a RM1.0 million net foreign exchange loss during the quarter. The Group also recorded a RM0.4 million share of loss from associates compared with a RM0.8 million share of profit previously, primarily due to lower contribution from NGC Energy Sdn Bhd.
 
Against this backdrop of softer demand conditions and weaker operating leverage across manufacturing subsidiaries, PAT correspondingly retreated to RM2.7 million from RM8.2 million in 1Q25.
  
MANAGING DIRECTOR/GROUP CEO’S REVIEW OF PERFORMANCE
 
The softer performance this quarter reflected the measured operating environment across parts of the manufacturing sector, as customers continued to adopt cautious procurement and inventory management approaches amidst ongoing geopolitical and macroeconomic uncertainties. Demand visibility across selected consumer electronics-related segments also remained uneven during the period. Our customers continued to adopt measured inventory replenishment and production planning activities amidst broader cyclical demand moderation, resulting in softer order volumes at Toyoplas, CPI and CBB.
 
Against this backdrop of constrained visibility, the Group remains focused on strengthening operating resilience to preserve long-term competitiveness and maintaining disciplined operational execution across its subsidiaries.
 
Operational resilience initiatives continue to be reinforced through ongoing cost optimisation and operational efficiency measures; for example, the solarisation initiatives at Toyoplas and CPI, as well as the planned development of Centralised Labour Quarters (CLQs) to support workforce stability and operating efficiencies across selected manufacturing operations. Concurrently, the Group continues to strengthen long- term competitiveness through capability enhancement initiatives and internationally recognised operational standards, including Responsible Business Alliance (RBA) accreditation efforts undertaken at CBB, Toyoplas, CPI, in line with evolving customer expectations and supply chain requirements.

 
We continue to prioritise revenue quality and deepen exposure towards more resilient medical and industrial- related segments. This includes ongoing efforts by CPI and MDS Advance to expand participation in medical- related projects, while maintaining agility in responding to evolving customer requirements and market conditions.
  
GROUP PROSPECT
 
Market conditions are expected to remain cautious in the near term amidst ongoing geopolitical tensions in the Middle East, potential volatility in energy, resin and logistics-related costs, and slower demand recovery across parts of the manufacturing sector. Customers are also expected to remain selective in procurement, inventory replenishment and production planning activities as broader cyclical demand moderation continues to weigh on demand visibility across selected sectors. Meanwhile, pricing pressures across parts of the packaging segment are expected to persist amidst continued competitive intensity and low-cost imports. Further escalation in geopolitical tensions would potentially contribute to additional supply chain and cost pressures across certain operating segments.
 
The Group shall continue to leverage the strengths of its diversified business portfolio across multiple sectors and customer segments to support earnings resilience amidst uneven market conditions. Operational discipline remains a key focus through ongoing capability enhancement, operational efficiency and cost optimisation initiatives across the subsidiary companies. The Group shall also work closely with selected customers on cost pass-through mechanisms where appropriate to partially mitigate the impact of cost fluctuations and margin pressures across certain operating segments. Focus also remains on close working capital management and targeted operational improvement initiatives to preserve operational flexibility and support long-term value creation priorities.
 
While near-term prospects are expected to remain cautious, KPS Berhad believes its diversified operating base, disciplined execution approach and continued focus on operational resilience position to respond effectively as market conditions stabilise over the longer term.
  
About Kumpulan Perangsang Selangor Berhad (www.kps.com.my)
Incorporated on 11 August 1975, Kumpulan Perangsang Selangor Berhad (“KPS Berhad” or “the Group”) is an investment holding company listed on the Main Market of Bursa Malaysia Securities Berhad under the Industrial Products & Services Sector. KPS Berhad has core investments in the Manufacturing sector. While enhancing shareholder value by optimising returns, KPS Berhad is committed to contributing to sustainable economic, environmental, and social development.

Source: Kumpulan Perangsang Selangor Berhad (KPS Berhad)

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Ch’ng Geik Ling
Investor Relations, Sustainability & Communications
Email: chng@kps.com.my
Tel: +603 5524 8444
 
Name: Akil Mansiz
Investor Relations, Sustainability & Communications
Email: akilmansiz@kps.com.my
Tel: +603 5524 8444

--BERNAMA