Khee San Berhad has continued to show positive signs of growth after Dato Dr. Ng Meng Kee became the single largest shareholder since August 2020. Khee San Group in its year end financial report has shown a 125% revenue increase from its 1st half of less than RM3 million monthly sales to almost RM7 million monthly as reported in the 1st Quarter result for FY 2021 .
The surge was partly due to our “active discussion with our distributors and realignment of our granular roadmap in terms of pricing integration” explained by Mr Edward JP Tan who is currently the CEO of Khee San Berhad.
He further added that Dato Dr. Ng’s involvement in Khee San has greatly help to stabilised the company’s situation and allow the workforce to re-focus back on doing what they are good at, that is making good candies and selling them.
Khee San Group domestic sales contributes around 40% and remaining 60% revenue is from export market. Vietnam is currently the largest overseas buyer with its Chewy Candies leading the product list.
According to the Edward JP Tan, the ambition of Khee San goes beyond current notable sales traction as this represent the 1st steps of an iterative and continuous improving process . At the same time , the group is also undertaking a strategic priorities to restructure the on -going litigation case among all Creditors and would be proposing a viable Regularisation Plan in due course.
Home grown premier jewelry brand Aurora Italia International Berhad was the latest to join the LEAP Market of Bursa Malaysia Securities Berhad. Speaking to the press after the celebration, Managing Director Datin Wira Yvonne Lim announced that the company plans to expand its online stores to drive growth in 2021 and beyond by focusing on diversifying its points of sales.
“The Covid-19 pandemic has resulted in e-commerce businesses generating increased sales as people shift their spending habits towards online platforms. We saw an increase in online shopping for products including jewellery products during the movement control order,” she added.
AURORA ITALIA’s range of jewellery comprises 18k yellow gold, white gold and rose gold charms, bracelets, earrings and bangles. Currently the Aurora Italia brand has penetrated seven countries including Malaysia, USA, United Kingdom, Indonesia, Hong Kong, Middle East (Dubai, Iran, Qatar) and Singapore.
The listing ceremony saw Dato Wira Louise Ng with other Company’s Board of Directors hitting the gong to commemorate this milestone.
We are confident we will provide meaningful access, efficiency and convenience for digital banking consumers.” – Dato’ Henry Goh, Co-Founder and Chief Operating Officer, MACROKIOSK Group
MACROKIOSK and Silverlake have joined forces to empower the emerging digital banking industry in the Asia Pacific region. This collaboration brings together the proven robust digital solutions and respective capabilities of MACROKIOSK and Silverlake to support virtual banks in
driving the success of digital banking in emerging economies. The partnership between MACROKIOSK and Silverlake will play a vital role in pioneering connectivity and facilitating virtual banks with their digital offerings.
As Asia’s leading digital technology company, MACROKIOSK’s key focus is in the areas of Communication, Authentication, Engagement and Payment delivered through its in-house developed BOLD. suite of digital solutions which are scalable, secure and highly adaptable.
“MACROKIOSK powers over 40 financial institutions in 14 countries across Asia Pacific. Our BOLD. solutions are future-ready to meet the demands of virtual banks and together with Silverlake, we are confident we will provide meaningful access, efficiency and convenience for digital banking consumers,” says Dato’ Henry Goh, Co-Founder and Chief Operating Officer, MACROKIOSK Group.
The collaboration between MACROKIOSK and Silverlake is poised to create a strong partner ecosystem across technologies in their respective areas of expertise, which enable virtual banks to leverage advanced solutions to stay ahead of competition and expand their foothold in the digital banking landscape.
It was due to financial mismanagement that has brought this company to what it is today but I am confident that we are able to solve all problems and put it back on track.” – Dato’ Dr. Nick Ng Mk, Chairman of Mega Fortris Group
After several failed attempts to revive Khee San Bhd, Founder and Chairman of Mega Fortris (M) Sdn. Bhd. Dato Dr. Nick Ng decided to step in and save this company that was recently classified under PN17 category. Dato Ng has been steadily buying shares from the open market since Decenmber 2019 and currently owns over 17 million shares or almost 15% in Khee San making him the single largest shareholder according to recent Malaysia stock exchange filing.
“Khee San is the first candy company in Malaysia and it has very good products selling in Malaysia and around the world, it is important to preserve a Malaysia brand and these sweets does bring back my childhood memories” says Dato Nick with a smile. He further continued by saying, “It was due to financial mismanagement that has brought this company to what it is today but I am confident that we are able to solve all problems and put it back on track”.
Dato Ng remained tight lip on who will be the other investors joining this shareholders’ rescue exercise but assured the public that there are several big names with very good proposals on the table.
After a decade in Malaysia and enduring a year of the Covid-19 crisis, Japanese global apparel retailer Uniqlo will be launching its first roadside, community-based store in DA Square @ Damansara Avenue, Bandar Sri Damansara. According to Uniqlo Malaysia and Singapore CEO Yuki Yamada, this new roadside concept marks the company’s continuous expansion in Malaysia that will complement the existing network of mall-based stores. Uniqlo’s first roadside store in Japan opened in 1985. Malaysia will be the fifth country to have such a concept store after South Korea, Taiwan, Thailand and the Philippines.
APAC Realty Limited (APAC) is charting new frontiers by establishing ERA Malaysia in partnership with New Bob Realty Sdn Bhd, one of the country’s oldest real estate agencies. Chief Executive Officer Dato’ Seri Dr. Lee Ville, who has over 17 years of experience in the real estate industry will be spearheading the operations of ERA Malaysia.
Under this new partnership, ERA Malaysia will be able to tap into one of the largest real estate networks in Asia. Headquartered in Singapore, ERA Asia Pacific has a vast network of offices throughout the Asia Pacific region spanning over 650 offices in 9 other countries: Cambodia, China, Indonesia, Japan, Korea, Malaysia, Thailand, Taiwan and Vietnam.
APAC is one of the leading regional players who has been setting and redefining industry standards through the pioneering of real estate concepts, technologies, initiatives and services. New Bob Realty Sdn Bhd was established in 1959 and is currently headed by Dato’ Leslie Lee and Datin Neoh Guan Eng.
Since taking over as Chief Executive Officer (CEO) of Penang Halal International (PHI) mid 2020, Puan Aida Lim Abdullah has made various initiatives to help the local trade industries find alternatives to survive the Covid-19 crisis. PHI recently announced that it will be organising its first Halal global virtual cross border e-Commerce platform “International Inspirasi Khadijah 2020”. This event will be from 18th to 31st January 2021.
Some of the other projects that were initiated include partnering with FOODPANDA during the Ramadan month, striking an online collaboration with SHOPEE and creating the Penang E-Mall with a HALAL section and many more. To date, PHI has assisted more than 6000 merchants to get into online commerce, online business workshops, training and enabling sessions for digital e-commerce, and providing core halal introduction courses.
The Toush brand is Pensonic’s latest WiFi enabled smart IoT appliances series that can be remotely controlled using the single Toush App. Pensonic is the first local Malaysian electrical appliance brand to venture into smart IoT appliances with an App.
Toush signifies the art of experimental lifestyle in delightful ways where these intuitive appliances sense and respond to the user’s needs and commands through touchscreen devices that can be operated remotely with ease. Furthermore, Toush optimises resources and energy whilst saving cost. All Toush appliances are certified and approved by SIRIM, Energy Commission and MCMC (Malaysian Communications and Multimedia Commission).