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May

KUALA LUMPUR23 May 2024 – In light of the recent announcement by the YAB Prime Minister concerning the diesel subsidy rationalisation, UEM Sunrise Berhad ("UEM Sunrise" or the "Company") understands the concerns from our stakeholders regarding whether these changes would affect our operations and services.

We wish to clarify that as a property developer, our operations, including those of our contractors, have only been utilising diesel fuel at a commercial rate. Hence, the removal of the diesel fuel subsidy would not impact our performance and service delivery. We would like to assure our stakeholders that we remain dedicated to providing high-quality products and services to our customers.

Additionally, we continue to support government efforts to improve and strengthen the overall economy.  These initiatives are vital for sustainable economic growth, and we pledge our commitment to contributing positively to these goals.

JERANTUT, 18 May 2024 – FELCRA Berhad (FELCRA) merancakkan landskap pembangunan luar bandar melalui pembinaan Projek Loji Janakuasa Biogas (Efluen Sawit) Grid Bersambung Terbesar di Malaysia dengan kapasiti 5.5-megawatt (MW) yang mula beroperasi sepenuhnya pada 11 April 2024 di Kilang Sawit FELCRA Jayaputra, Jerantut, Pahang.

Dengan kapasiti 5.5 MW, loji janakuasa biogas ini mampu membekalkan tenaga elektrik kepada hampir 14,000 rumah atau kira-kira 70,000 orang penduduk luar bandar yang bakal menikmati bekalan elektrik yang stabil dan mencukupi. Inisiatif ini bertepatan dengan Aspirasi Desa Madani yang diperkenalkan oleh Kementerian Kemajuan Desa dan Wilayah (KKDW) dalam memastikan masyarakat luar bandar tidak ketinggalan dalam arus pembangunan negara.

Loji janakuasa biogas (efluen sawit) grid bersambung terbesar di Malaysia ini, yang telah mendapat pengiktrafan oleh Malaysia Book of Record, merupakan kejayaan hasil kerjasama strategik antara FELCRA Berhad, Felcra Jayaputra Sdn Bhd dan Cenergi SEA Berhad (Cenergi) anak syarikat UEM Group Berhad.

FELCRA optimis bahawa loji janakuasa yang diuruskan oleh Cenergi FJP ini merupakan pemangkin kepada proses perbandaran di luar bandar melalui impak positif terhadap limpahan ekonomi, kelestarian alam sekitar serta peluang pekerjaan berkemahiran tinggi kepada masyarakat setempat.

Timbalan Perdana Menteri, YAB Datuk Seri Dr. Ahmad Zahid Hamidi berkata penerokaan sumber tenaga boleh diperbaharui (Renewable Energy) melalui projek biogas dari sisa efluen kelapa sawit (Palm Oil Mill Effluent (POME)) ini merupakan inisiatif strategik bagi memastikan negara terus memperolehi sumber tenaga elektrik secara berterusan di samping menjamin kelestarian alam sekitar.

Menurut Zahid, untuk mencapai aspirasi Malaysia sebagai sebuah negara maju dalam tempoh 5 ke 8 tahun yang akan datang, keperluan bekalan tenaga elektrik yang stabil dan konsisten memainkan peranan yang penting dalam proses pembangunan, pertumbuhan, perindustrian dan perbandaran.

Selain itu, beliau turut menggalakkan agensi kerajaan untuk memperkasakan kerjasama strategik dengan syarikat swasta yang berpotensi bagi mengukuhkan kemampuan syarikat serta mengembangkan akses kepada kepakaran dan pemindahan teknologi yang dapat memberikan manfaat kepada semua pihak.

Zahid berkata demikian ketika hadir semasa perasmian Logi Janakuasa Biogas 5.5 MW Cenergi FJP di Jerantut, Pahang. Beliau turut diiringi oleh Menteri Besar Pahang, YAB Dato’ Sri Haji Wan Rosdy Bin Wan Ismail, barisan Exco Negeri Pahang, Pengerusi FELCRA Berhad YBhg. Datuk Ahmad Jazlan Bin Yaakop, Pengerusi FELCRA Jayaputra, YBhg. Dato’ Mohd Nizar Zakaria dan Pengerusi Cenergi SEA Berhad YH Dato’ Mohd Izani Ghani. Lawatan ini diadakan untuk melihat inisiatif yang diperkenalkan di kilang sawit Felcra Jayaputra selain potensi untuk dikembangkan di kilang-kilang pemprosesan buah sawit milik FELCRA yang lain untuk diketengahkan dengan teknologi seumpama ini.

KKDW menerusi FELCRA akan terus giat memperkenalkan inisiatif khusus untuk masyarakat desa selain komited memperkasakan keupayaan fasiliti sedia ada untuk dinaik taraf bagi memenuhi keperluan masyarakat luar bandar.

KUALA LUMPUR, 15 MAY 2024 – Gateway Development Alliance and its shareholders (together the “Consortium”), have today announced a pre-conditional voluntary offer to acquire all the shares in Malaysia Airports Holdings Berhad ("MAHB") not already owned by the Consortium, at an Offer price of RM11.00 per share (the “Offer”). As at 14 May 2024, being the last practicable date prior to this announcement, the Consortium and its parent companies in aggregate own 41.1% of MAHB’s issued share capital.

The Consortium is led by two Malaysian Government Linked Investment Companies – Khazanah Nasional Berhad (“Khazanah”) via its wholly owned subsidiary UEM Group Berhad (“UEMG”), and the Employees Provident Fund (“EPF”). The Consortium’s shareholders also comprise a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) and funds managed by Global Infrastructure Partners (“GIP”), one of the world’s premier infrastructure investors and an experienced airport owner and manager.

Upon full completion of the Offer, Khazanah will be increasing its ownership in MAHB from 33.2% to 40% and EPF from 7.9% to 30%. Collectively, Malaysian investors would own 70% of MAHB. ADIA and GIP will hold the remaining 30%. The Government of Malaysia will retain special share rights in MAHB and the Chairman and CEO will continue to be Malaysian citizens.

The Consortium aims to position MAHB for long-term sustainable growth. Focusing on the maintenance and upgrade of airport infrastructure, enhancing passenger service levels and improving airline connectivity will support passenger and freight growth. This in turn will provide lasting economic benefits, not only for MAHB and its stakeholders, but also for the industrial and tourism sectors in Malaysia and Türkiye.

The Consortium believes that these objectives will be best achieved by MAHB as a private entity, taking a long-term approach to decision-making and capital investment and benefitting from international technical expertise. The Consortium recognises MAHB’s potential and is committed to:

  • Supporting MAHB to deliver high priority capital projects, including the Aerotrain and the Baggage Handling System at KLIA;
  • Enhancing the passenger experience by alleviating congestion, improving passenger flows and terminal ambience, and expanding the retail and food and beverage offering at MAHB’s airports;
  • Working closely to support existing airlines and strengthening management resources to attract new airline customers to MAHB, particularly in the long-haul segment;
  • Maintaining the highest level of safety for passengers and employees;
  • Accelerating capital investment to repair and maintain the existing infrastructure and equipment;
  • Upgrading and harmonising operational service standards across MAHB’s state airports;
  • Planning long-term investment to grow airport capacity throughout MAHB’s network of airports in Malaysia and Türkiye;
  • Partnering with state bodies and local businesses, to develop ancillary businesses around the airports.

The Consortium is confident that these initiatives will support MAHB’s efforts to become a world-class airport operator and looks forward to working with MAHB’s management and its employees to implement them.

The Consortium confirms that there are no plans for layoffs as a result of the Offer and that existing employment rights will be fully safeguarded. There will also be no changes to the passenger service charge rates published by MAVCOM on 12 March 2024.

The Consortium is committed to MAHB’s airport operations and improving service levels at Istanbul Sabiha Gökçen in Türkiye.

The making of a formal offer for MAHB is subject to certain pre-conditions and, when made, will be subject to the Consortium owning at least 90% of MAHB’s issued share capital.

If such conditions are met, it is expected that MAHB’s shares would de-list from Bursa Malaysia upon completion of the Offer, which is estimated to occur in the fourth quarter of this year.

The Offer price of RM11.00 implies an equity value of RM18.4 billion, which translates to a price-to-earnings ratio of 37.7x MAHB’s audited consolidated earnings per share for the financial year ended 31 December 2023. The Offer price represents a 15.2% premium to the prevailing three-month VWAP of RM9.55 per share and also implies a 49.5% year to date (“YTD") increase based on the closing price of RM7.36 per share on 29 December 2023, in comparison to the 10.4% YTD performance of the benchmark index FTSE Bursa Malaysia KLCI up to the date prior to announcement of the Offer.

If, on or after the date of this announcement and prior to completion of the Offer, any dividend, distribution or other return of value is declared, made or paid by MAHB, the Offer price shall be reduced accordingly. In such circumstances, MAHB shareholders would be entitled to retain any such dividend, distribution or other return of value declared, made or paid.

Commenting on the announcement, Dato’ Amirul Feisal Wan Zahir, Managing Director of Khazanah said: “Malaysia is strategically well-located in the fast-growing Southeast Asian aviation market and has the potential to strengthen its long-haul and regional network. We are optimistic that the combined efforts of MAHB’s dedicated employees and the collective expertise of the Consortium would catalyse MAHB as a leading international airport operator, and stimulate economic growth through its airport network, in line with Khazanah’s goal of Advancing Malaysia.”

Ahmad Zulqarnain Onn, Chief Executive Officer of EPF, added: “EPF views this Offer as an investment opportunity that aligns with our investment objectives and commitment to bolster domestic investments. As an integral component of the national infrastructure, MAHB plays a vital role as a gateway for trade, tourism, and business activities, contributing significantly to economic development and prosperity. We look forward to the success of this strategic partnership by delivering best-in-class airport experience for the flying public, partner airlines and MAHB employees. We expect this investment to bring positive benefits to EPF’s members and the public, thereby contributing significantly to Malaysia’s sustainable growth agenda.”

Khadem Alremeithi, Executive Director of the Infrastructure Department of ADIA, said: “MAHB’s airport network serves some of the world’s fastest growing aviation markets, which are benefiting from regional economic growth, increased air travel affordability and shifts in consumer spending. This positive backdrop underpins our participation in the Consortium, which combines strong local partners with extensive international expertise."

Bayo Ogunlesi, Chairman and Chief Executive Officer of GIP, said: “We are delighted to partner with Khazanah, EPF and ADIA, with whom we have strong and productive strategic relationships, as part of this offer for MAHB. Given GIP’s substantial expertise in owning and operating airports, together with our partners, we can focus on improving customer service, elevating operational excellence, growing passenger volumes and enhancing employee engagement. We look forward to working with our partners to build a bright future for Malaysia, MAHB and all stakeholders.”

BEIJING, 15 May 2024 – UEM Group Berhad (UEM Group), through its township and property arm, UEM Sunrise Berhad (UEM Sunrise), together with ITRAMAS Corporation Sdn Bhd (ITRAMAS) and China Machinery Engineering Corporation (CMEC) inked an agreement, to mark the beginning of a strategic partnership aimed at developing a Renewable Energy (RE) Industrial Park, measuring 40 acres in Gerbang Nusajaya, Iskandar Puteri, Johor. 

The RE Industrial Park is part of the one (1) gigawatt (GW) hybrid solar power plant project and is one of the flagship catalytic projects under Malaysia’s National Energy Transition Roadmap (NETR). It was first announced by the Government back in July 2023, which saw Memorandums of Understanding (MoUs) signed between UEM Group, ITRAMAS, and subsidiary of CMEC, China Machinery Engineering Wuxi Co. Ltd. (CMECWUXI), along with Blueleaf Energy and HEXA Renewables, announcing their collaboration to participate through multiple potential roles including collaborating on project development, financing (including equity investments) and commercialisation (including offtake of green electricity). 

Signing the MoU for UEM Sunrise was its Chief Executive Officer, Sufian Abdullah; representing ITRAMAS was its Managing Director, Lee Choo Boo; and for CMEC, its General Manager Assistant, Li Mingqiang. Present to witness the signing was Harman Faiz Habib Muhamad, Acting Chief Executive Officer of UEM Lestra Berhad (UEM Lestra); Royd Lee, Project Development Director from ITRAMAS; and Fang Yangshui, President of CMEC.

The announcement of the RE Industrial Park today signifies the second significant development in relation to NETR initiatives by UEM Group and ITRAMAS. In January this year, UEM Lestra, a wholly-owned subsidiary and green investment arm of UEM Group, along with ITRAMAS and HEXA Renewables Malaysia Sdn. Bhd. entered into a shareholders’ agreement to develop the first 500-megawatt (500MW) hybrid solar power plant in Segamat, Johor.

The RE Industrial Park in Gerbang Nusajaya is strategically designed to attract manufacturers and suppliers from China, across the RE and Electric Vehicle (EV) value chains, as well as other high-tech companies to establish operations and Research and Development (R&D) centres within the park; spurring the growth of Malaysia’s energy transition and EV ecosystems. Additionally, the RE Industrial Park will feature a RE Hub, housing a cutting-edge solar module factory and advanced research facilities, among other amenities.

Dato’ Mohd Izani Ghani, Managing Director of UEM Group said, “This signing is  another milestone as we inch closer to realise our venture under NETR. As we forge ahead with the RE Industrial Park, the strategic importance of attracting manufacturers, suppliers and industry players from across the RE and EV value chains from China cannot be overstated. Securing partnership interest from China not only enhances the viability and impact of this national strategic project but also underscores the importance of cross-border collaboration in driving sustainable development.”

Sufian Abdullah, Chief Executive Officer of UEM Sunrise said, “The prime location of Gerbang Nusajaya in proximity with Singapore, complemented by access to major air & seaports significantly enhances our industrial appeal to the international investors. This RE Industrial Park will not only act as a crucial driver in the Iskandar Puteri’s economic growth and transformation but enabling the ecosystem surrounding RE and EV value chains in supporting the nation’s energy transformation agenda. Building on the legacy of our other landmark projects such as Nusajaya Tech Park (NTP) and Southern Industrial & Logistic Cluster (SiLC) in Johor, we are confident of developing a sustainable RE industrial park on a 40-acre (16.2 hectares) lot with 730,000sf (square feet) GFA (Gross Floor Area) of factories.”

Lee Choo Boo, Managing Director of ITRAMAS said, "Today marks a significant milestone for ITRAMAS as we deepen our collaboration with UEM Sunrise and CMEC to develop the Renewable Energy Industrial Park in Gerbang Nusajaya. This partnership not only reinforces our commitment to advancing Malaysia's energy sector but also highlights our collective efforts towards sustainable development. We are particularly excited about the RE Hub within the park, which will feature state-of-the-art facilities, including a cutting-edge solar module factory and advanced research centers. These facilities will not only enhance our production capabilities but also propel us to the forefront of innovation in renewable energy. Together, we look forward to setting new standards in the industry and contributing to Johor's growth as a dynamic hub for renewable energy."

 

Petaling Jaya, 11 May 2024:- As a part of the continuous effort to provide a more comfortable experience for highway users, PLUS Malaysia Berhad (PLUS) will carry out pavement rehabilitation works at Hutan Kampung Toll Plaza on the North-South Expressway. As such, the entry lane of heavy vehicle on the left lane at Hutan Kampung Toll Plaza (towards southbound) will be temporarily closed for 5 days from 9:00am, 13 May 2024 to 12:00pm, 17 May 2024, to facilitate the works.

In relation to this, heavy vehicle users with a width limit exceeding 3.5 meters heading towards Alor Setar are advised to utilise the alternative route via the Kepala Batas Interchange towards State Road (K5) - Hutan Kampung Road. Additionally, heavy vehicle users heading towards Sungai Petani/Penang/south can also utilise the alternative route via the Alor Setar Utara Toll Plaza throughout the duration of the works.

Highway users are also advised to comply with all traffic signages and instructions issued by PLUS from time to time when passing through the affected stretch.

All highway users are also reminded to plan their journey or to get the latest traffic conditions via PLUS App or PUTRI Chatbot as well as contact PLUSLine at 1800-88-0000 in the event of any emergencies.

KUALA LUMPUR, 9 May 2024- UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) celebrated the topping out of KAIA Heights Phase 1 in Taman Equine, Seri Kembangan with a ceremony held on 8 May 2024. Launched on 10 March 2021, this milestone marks the completion of the high-rise component's structure, a 19.24-acre development that offers stunning views of the Kuala Lumpur City skyline, Bukit Jalil, and the Ayer Hitam Forest Reserve. 

Placing emphasis on three-generation living concept, KAIA Heights residents can Recapture the liveliness of outdoor adventures; Replenish after a hectic workday; Restore the body, mind, and soul with fresh air and green sights. Surrounded by lush natural greenery, KAIA Heights combines preserved nature and landscape that cater to multi-generational families looking for tranquil living. 

It is a perfect blend of lifestyle needs, where residents of KAIA Heights shall experience the convenience of shopping at AEON Mall Taman Equine and Giant Seri Kembangan for daily essentials and leisure - just minutes away. Due to its strategic location, the development is greatly connected to major highways such as the Damansara-Puchong Expressway (LDP), Maju Expressway (MEX), South Klang Valley Expressway (SKVE) and the Bukit Jalil Highway, as well as proximity to the Taman Equine MRT Station, making travel and commuting a breeze. 

Additionally, families at KAIA Heights benefit from close access to esteemed international schools namely Alice Smith and Rafflesia International Schools; fostering the community to an elevated lifestyle, learning and growth. 

KAIA Heights offers low-density living with 10 units per floor across 2 phases, each with 2 blocks spanning approximately 30 storeys. Units start at RM567,800, ranging from 972 to 1,437 sqft, and some with additional convertible space. Amenities include sports courts, a jogging trail, a multipurpose hall, gym, pools, BBQ pavilion, and play area within its 8-acre domain. 

UEM Sunrise Chief Executive Officer Sufian Abdullah said, “We are committed to promoting sustainable living environment that meets diverse lifestyle requirements through our products and developments. KAIA Heights introduces an enriched lifestyle through showcasing the Company’s brand of quality living into Seri Kembangan.” 

On the Sustainability front, KAIA Heights is a proud Green-RE silver-certified development using non-toxic, ethical, sustainable materials and harnesses rainwater for irrigation; conserves up to 40% of the existing surrounding forestry, utilises compost recycled from horticulture waste, and is designed without air wells for better ventilation. 

The target completion date of KAIA Heights Phase 1 is in 3Q of 2025, accommodating a total of 924 units with an average of 48 units per acre.

 

For more information about KAIA Heights, please visit www.uemsunrise.com

 

(From left to right) – Kerjaya Prospek Sdn Bhd Senior Group Finance Manager, Mak Tuck Onn; Contract Manager, Chia Sow Teck; Chief Executive Officer, Tee Eng Tiong; UEM Sunrise Chief Executive Officer, Sufian Abdullah; Chief Financial Officer, Hafizuddin Sulaiman; Chief Operating Officer (Central), Liong Kok Kit; Chief Marketing Officer, Emily Teh posed for a photo after commemorating KAIA Heights topping out ceremony.

KUALA LUMPUR, 3 May – Following a day celebrating community spirit and gratitude, UEM Edgenta Berhad (UEM Edgenta)’s Hari Raya Aidilfitri open house event, themed "Indahnya Syukur Syawal" was very well received and saw over 2,000 guests in attendance comprising of its diverse clients stakeholders, including Malaysia’s sovereign wealth fund, Khazanah Nasional Berhad.


The leading integrated asset management and infrastructure services provider’s event featured a bustling bazaar-like atmosphere, with local entrepreneurs showcasing their products. Attendees had the opportunity to explore offerings from Brotani, Soul Soil, The Mok’s, and other participating vendors while supporting small businesses and Malaysian youths. The bazaar was made possible through UEM Edgenta’s collaboration with Penglipur Lara, well known for its curation of local emerging brands through its pop-up bazaar series.

Syarunizam Samsudin, Managing Director and Chief Executive Officer, UEM Edgenta, shared, "We are indeed delighted by the overwhelming success of this year's open house celebration. The theme 'Indahnya Syukur Syawal' truly encapsulated the spirit of gratitude and togetherness that defines Aidilfitri. While we celebrate each other’s company over good food, the bazaar reflects the Company’s appreciation for the success made possible through collaborations with the wider vendor ecosystem.”

A continuation of the Company’s heartwarming generosity during Ramadan, the open house welcomed orphans from Pusat Jagaan Darul Sakinah Angkasa to join in the festivities, spreading the joy of Aidilfitri and fostering a sense of inclusivity within the community.

“Carrying over the caring and compassionate spirit from our Ramadan CSR called ‘Jalinan Kasih Edgenta’, we continue to create positive experiences for the wider community and are proud to strengthen the silaturahim during Syawal as well while aspiring to create a sustainable and impactful legacy of compassion and support,” added Syahrunizam.

Before the main open house event in the afternoon, UEM Edgenta hosted a special staff open house, where employees showcased their talents in a lively competition. The event showcased the creativity and unity within the Company.

Among the guests seen mingling during the open house were Datuk Amran Hafiz Affifudin, Executive Director, Khazanah Nasional Berhad, Dato' Mohd Izani Ghani, Managing Director, UEM Group Berhad, and Tan Sri Dr. Azmil Khalid, Chairman, UEM Edgenta just to name a few. Other notable names include Anas Tahir and Mawi from Astro Radio, and current podcast personality Khairy Jamaluddin from Keluar Sekejap podcast series.

UEM Edgenta extends its heartfelt appreciation to all who attended and contributed to the success of the event. We look forward to continuing to celebrate diversity, unity, and community spirit in future endeavours.

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