Lowyat.NET: Latest topics by DValentine

Sunway-IJM merge?

DValentine — Wed, 05 Nov 2025 16:19:35 +0800

QUOTE

KUALA LUMPUR – Sunway Bhd is exploring a merger with IJM Corp, which would result in the formation of an engineering and construction powerhouse.

Market sources told Scoop that Sunway and IJM have been in talks for over a year, and the merger will involve a share swap in a deal that is said to be worth billions, taking into consideration the assets, valuation and market capitalisation of both firms.

Sunway’s revenue last year was RM7.8 billion, while IJM netted RM5.9 billion.

A potential testy component of this agreement is that over half of IJM shares are held by institutional Bumiputera firms and Government Linked Investment Companies (GLIC).

Chief among them is the Employees Provident Fund (EPF ) at 18.04% and Perbadanan Nasional Bhd (PNB) at 14.55%.

Others include the Pension Fund (KWAP); Tabung Haji, Amanah Raya, and Amanah Saham Bumiputera.

At the centre of Sunway Group, with its diversified businesses — that include construction, property, resorts and hospitality — is its founder and chairman Tan Sri Jeffrey Cheah Fook Ling.

Meanwhile, construction and engineering firm IJM is anchored by its non-executive chairman Tan Sri Krishnan Tan Boon Seng.

The dilution of Bumiputera and Institutional shareholding has been discussed previously with IJM’s bid to take over Prolintas, owned by PNB.

The proposed Prolintas acquisition prompted a response from Prime Minister Datuk Seri Anwar Ibrahim, who reminded institutions entrusted with safeguarding national and Bumiputera interests to maintain their ownership of the country’s strategic assets.

His remarks in August followed PNB’s announcement that it is looking at divesting its highway assets, primarily Prolintas, with IJM and AFA Prime (which owns Karak Highway) revealed as the main parties interested in taking over.

At press time, Sunway shares were trading at RM5.48 and IJM at RM2.43. — November 4, 2025

SOS KICAP MANIS TERGEMPAR

X abih abih tered slowpoke

DValentine — Fri, 13 Jun 2025 12:08:49 +0800

dah DLLM so many slowpoke tered

DAH TAU SLOWPOKE

KAU NAK JUGAK BUKAK TERED

APA KAU DAPAT?

KPI KE?

KEPALA OTAK KERAS KE BUAT BODO JE PANDAI????

» Click to show Spoiler - click again to hide... «

SUGGESTION TO MOD:

ADD JE TERED TAGGING OR AI,

IF DETECTED SAME CONTENT,

SYSTEM REJECT THE TERED FROM BEING OPENED

[OFFICIAL] TERED COUNTDOWN TO 18 JAN

DValentine — Mon, 13 Jan 2025 15:16:06 +0800

ayam bukak tered sampah for this shit

unbelievable

THIS HAMKALING IS GETTING OUT OF HANDS

DValentine — Tue, 08 Oct 2024 11:49:02 +0800

THINK YOURSELF FUNNY?

QUOTE(funnybone @ Oct 8 2024, 10:39 AM)

Got single girls in the crowd?
[right][snapback]110582498[/snapback][/right]

QUOTE(funnybone @ Oct 8 2024, 11:05 AM)

I am still single
[right][snapback]110582662[/snapback][/right]

QUOTE(funnybone @ Oct 8 2024, 11:12 AM)

Single people running?
[right][snapback]110582718[/snapback][/right]

QUOTE(funnybone @ Oct 8 2024, 11:45 AM)

I can wait coz I am still single
[right][snapback]110582982[/snapback][/right]

INB4 SAPE BUKAK TERED SAPE... WATEVER LA AYAM GIP NO FARK LU CAKAP APA

duplicate tered in /k

DValentine — Thu, 22 Aug 2024 15:26:20 +0800

-- Please keep your post concise to ensure a speedy review from us. We suggest 250 words or less. --

duplicate tered on same topic or news can be found often in /k

is there any automated function to merge or consolidate those tereds into one single tered after we hit the report button?

have enough of those duplicate tereds

discussion must be focus on one single tered

Mana tered huatng aeon credit 90K

DValentine — Thu, 27 Jun 2024 01:29:43 +0800

as per title mana tered tu?

yang hutang 90k tu

WOI TAK BAYAR SERVER KE NI

DValentine — Thu, 29 Feb 2024 15:51:00 +0800

CB DUPE DUPE SEKALIAN BAYAR LA RM1

KO NI BUKAK ACCOUNT BERLAMBAK JE PANDAI

BILA MINTAK DERMA KAU ISAP DADA PULAK

adam71 kantoi

DValentine — Mon, 18 Dec 2023 12:26:21 +0800

Munse Md Yunus Ali
livinggreat202@gmail.com

Kenny Wong
wongs14622@gmail.com

QUOTE(adam71 @ Dec 18 2023, 12:21 PM)

Good news. Chinese cancer drug is very effective.....

But....Kesian US citizen

[right][snapback]108779139[/snapback][/right]

yang lain /k detective tolong korekkan

sekian

WOI SE7EN TAK BAYAR SERVER?

DValentine — Tue, 21 Nov 2023 17:33:54 +0800

woi sape tak bayar server?

keep pusing pusing loading je

Papagomo goes all out vroom

DValentine — Sun, 03 Sep 2023 14:47:29 +0800

ayam thought he kuat umnok guy?

since when turn table and vroooomm to teh max like atuk?
yes ayam tau he joined atuk's geng

SPE DUKE III

DValentine — Sun, 30 Jul 2023 21:17:28 +0800

just now passby bulatan pandan

fark la seems like not progressing, no difference compared to few months ago when ayam passby

bad lightning, tar surface like moon surface

Teng family strikes again

DValentine — Wed, 10 May 2023 17:31:01 +0800

QUOTE

PE firms approached as potential buyers for My Hero chain of stores
MY Hero Hypermarket Sdn Bhd, the operator of the HeroMarket grocery chain and Hero Save Mart stores, have approached private equity (PE) firms including Navis and Intermediate Capital Group (ICG) with a view to selling the chain for some US$100 million (RM445 million), sources say.

My Hero, which operates 25 HeroMarket and six Hero Save Marts, had hired OCBC Advisers (M) Sdn Bhd as the financial adviser to negotiate a deal with potential purchasers and to conduct the sale process. It was founded by Francis Teng and his son Austin, who now own 80% and 13.6% respectively of the company. The remaining 6.4% held by Francis’ wife Poo Eng @ Aw Poo Eng.

OCBC Advisers declined to comment when contacted.

Sources tell The Edge that OCBC Advisers had spoken to Navis and ICG only “a few weeks back” and that it was safe to assume that the advisers had approached other PE firms as well.

In Malaysia, Navis holds a stake in TFP Retail Sdn Bhd, which operates the Village Grocer and Ben’s Independent Grocer (BIG) premium grocery stores. ICG, meanwhile, backs hypermarket operator TF Value-Mart, which focuses on second-tier cities.

News that the My Hero owners were planning to sell the business emerged in February. They were said to be seeking US$100 million for it, although two separate sources say that this price is “negotiable”.

“They may drop their expectations to accommodate the sale,” said one of the sources.

Industry observers note that the HeroMarket chain is managed by retailers with a proven track record. Francis and his siblings founded the very first Giant store in Kelana Jaya in 1982.

In a document sighted by The Edge called “Project Hawkeye”, OCBC Advisers highlighted that the grocer, which opened the first HeroMarket store in 2005, is now operating over 450,000 sq ft in retail space. It also has over 300,000 sq ft of distribution centre space.

While most of the stores are in the Klang Valley, HeroMarket also has a presence in Kedah, Penang, Negeri Sembilan and Johor.

For 2023, new openings have been identified in Puncak Bestari and Section 13, Shah Alam in Selangor; and in 2024 in KIP Mall, Sungai Petani, Kedah. The retailer is also said to be in active negotiations for openings in Negeri Sembilan and Klang, Selangor. In 2020, the company acquired 4.3 acres of land in Kampung Baru Subang in Selangor to construct a warehouse.

The last publicly available data on the Companies Commission of Malaysia (SSM) website is for the financial year ended June 30, 2021 (FY2021). The company was made exempt private from FY2022. An exempt private company has to be solvent and not have more than 20 individuals as its shareholders.

A combination of SSM data and source information reveals that My Hero posted RM840.4 million in revenue in the financial year ended June 30, 2022 and RM844.3 million in FY2021. Gross profit came in at RM146.3 million and RM147 million, respectively.

The company has projected revenue of RM946.4 million in FY2023, RM1.076 billion in FY2024 and RM1.229 billion in FY2025, representing a compound annual growth rate of 11%, as contributions come in from both same-store growth and the opening of new stores.

As at June 30, 2022, My Hero had total assets of RM232.3 million against total liabilities of RM170.4 million. SSM records show that in FY2021, the retailer posted a net profit of RM23.24 million and had retained earnings of RM44.59 million.

It is learnt that My Hero owns seven properties, of which four are used as stores and two are for new planned openings.

Meanwhile, it is worth noting that Francis and his family are also behind hardware store Ace Hardware in Malaysia, operated by Giant Ace Sdn Bhd. He is also the founder of RM2 store Noko, which is operated by Megah Inovatif Sdn Bhd. Francis owns 22% of Ace Hardware and 97% of Noko.

Incidentally, Francis’ brother Teng Yew Huat was the founder and operator of premium supermarket chain Jaya Grocer, which in December 2021 was sold to ride-hailing and delivery firm Grab Holdings Ltd in a deal worth RM1.8 billion.

Just 17 days before Grab announced the purchase, Yew Huat, who owned 55% in Jaya Grocer, bought back a 45% stake previously sold to AIGF Advisors Pte Ltd in 2016. Yew Huat paid about RM411 million for the stake, which gave the family full control of the business, thus making way for the sale to Grab.

The first Jaya Grocer opened in 2007, just another milestone in store openings for the Teng family.

Teng Sek How — the father of Francis and Yew Huat — opened his first sundry shop in 1944 in Jalan Sentul, Kuala Lumpur.

Years later, the brothers launched the well-known Teng Minimarket Centre, popularly known as TMC, in Lucky Garden, Bangsar. The family also founded the Giant hypermarket chain. In 1999, TMC and Giant were sold to Dairy Farm International Holdings Ltd (now known as DFI Retail Group Holdings Ltd).

Interestingly, in February, DFI Retail sold its grocery business operated by GCH Retail (M) Sdn Bhd — which also operates the Mercato, Cold Storage and Giant Mini brands in Malaysia — to a special purpose vehicle, Macrovalue Sdn Bhd, led by local businessman and entrepreneur Datuk Andrew Lim Tatt Keong for an undisclosed sum.

Other grocery mergers and acquisitions in recent years include that of Singapore-based private equity firm KV Asia Capital Pte Ltd, which in 2021 exited the TF Value-Mart business following a management buyout by a group of Malaysians funded by the UK’s ICG.

A year earlier, Tesco’s Malaysian business was purchased by Thailand’s Charoen Pokphand Group’s CP Retail Development Co Ltd and renamed Lotus’s.

SOURCE 1 THE EDGE
SOS 2 SINCHEW

sape tau projek ni

DValentine — Mon, 27 Feb 2023 14:12:54 +0800

sape tau citer projek ni dekat Palace of the Golden Horses the mines

every time pass by macam no progress at all ni

TOPKEK funny review

DValentine — Mon, 27 Feb 2023 14:06:56 +0800

QUOTE

There r lots of poultry here. Mainly Imported poultry. Vietnamese & Chinese chickens available. Some Old Hens as well. Won't find any fresh chickens here. Prefer the wet Market 5 mins walk from here. A drinks outlet on 1st flr, but hav to release yr juice on higher flrs. Nothing to eat here except chicken rice or chicken chops .

sos topkek

guest16888 MELAMPAU

DValentine — Mon, 13 Feb 2023 11:00:17 +0800

DLLM MACAO HI

/K IZ NOT YOUR BLOG KAY??? MERAPU BETUL MAMAT NI

JANGAN MELAMPAU

TMJ larang surau, masjid dijadikan

DValentine — Wed, 18 Jan 2023 14:33:56 +0800

TMJ larang surau, masjid dijadikan tempat berpolitik

QUOTE

JOHOR BAHRU - Tunku Mahkota Johor, Tunku Ismail Sultan Ibrahim melarang mana-mana surau atau masjid di negeri ini dijadikan tempat menyebar dakyah atau perbincangan hal ehwal politik.

Exco Hal Ehwal Agama Islam Negeri Johor, Mohd Fared Mohd Khalid berkata, perintah Tunku Ismail yang juga Pengerusi Majlis Agama Islam Negeri Johor (MAINJ) itu selaras Seksyen 96 Enakmen Pentadbiran Agama Islam (Negeri Johor) 2003.

"Ingin ditegaskan bahawa penganjuran program-program berbaur politik dalam masjid tidak boleh dilaksanakan sama sekali dan mana-mana pihak yang berkompromi membenarkan pelaksanaan program berunsur politik juga akan diambil tindakan.

"Sebarang aktiviti berbentuk ceramah agama, usrah, perkongsian ilmu agama atau lain-lain perlulah mendapat tauliah kebenaran dan kelulusan daripada Jabatan Agama Islam Negeri Johor (JAINJ).

"Penceramah yang menyampaikan ceramah dan perkongsian ilmu juga perlu mendapat pentauliahan dan pengiktirafan rasmi oleh MAINJ. Kelulusan MAINJ menjadi keutamaan dan penekanan berhubung isu larangan ceramah politik dalam masjid perlu diberikan perhatian serius," katanya.

Beliau berkata demikian dalam sidang akhbar selepas Mesyuarat Khas MAINJ di Bukit Timbalan di sini pada Selasa.

Mohd Fared berkata, arahan berkenaan larangan itu akan diletakkan di 850 masjid dan 2,000 surau seluruh Johor dengan kadar segera.

Menurutnya, MAINJ juga akan mengadakan pertemuan dengan pengerusi masjid, surau, kesemua Ahli Dewan Undangan Negeri (ADUN) dan ketua setiap parti politik di negeri ini bagi menerangkan mengenai larangan itu.

"Selain tempat beribadat, masjid berfungsi sebagai medan perkembangan dakwah dan penyebaran ilmu melalui program syarahan atau ceramah agama oleh penceramah yang bertauliah. Ia menjadi tempat berkumpul orang Islam untuk mengadakan majlis keagamaan, mesyuarat dan kegiatan yang berkaitan menjurus kepada kesatuan silaturahim umat Islam.

"Bagaimanapun, masjid dan surau kini disalahgunakan sesetengah pihak yang tidak sensitif apabila program-program keagamaan dicampuradukkan kandungannya dengan unsur politik sehingga menyebabkan salah faham dan perpecahan dalam kalangan umat Islam," tegasnya.

Pada masa sama katanya, terdapat juga pihak yang berselindung di sebalik program keagamaan dengan menggunakan pentas ceramah, kuliah atau syarahan di masjid untuk menyelitkan unsur-unsur fitnah dan menyebarkan fahaman politik tertentu.

Tambahnya, larangan itu telah diperingatkan oleh Sultan Johor, Sultan Ibrahim Sultan Iskandar saban tahun yang bertitah agar kesucian dan ketinggian martabat mana-mana masjid dan surau di negeri ini perlu dikekalkan tanpa dicemari dengan program atau aktiviti berkaitan penyampaian ideologi politik.

sos sinar harian

Govt approves RM40mil for TAR UMT

DValentine — Tue, 17 Jan 2023 17:51:17 +0800

Govt approves RM40mil annual allocation for TAR UMT

QUOTE

KUALA LUMPUR: An annual allocation of RM40mil has been approved for the Tunku Abdul Rahman University of Management and Technology (TAR UMT) by the Federal Government, says Anthony Loke.

In a press conference at TAR UMT on Tuesday (Jan 17), the Transport Minister said the allocation was approved by Prime Minister Datuk Seri Anwar Ibrahim, who is also Finance Minister.

"This is an amount which has been agreed on and approved.

"The sum will be transferred to the university's management as soon as possible," he said.

"This is a yearly commitment by the government, which will depend on its financial health and I hope we can give more following this," he said.

He also acknowledged that the issue of funding for the university had been politicised.

"In the spirit of the current unity government, we do not want to extend the polemic and want to send a message that the government's support for TAR UMT will continue," he said.

MCA president Datuk Seri Dr Wee Ka Siong also expressed his gratitude to the Federal Government for the annual allocation to TAR UMT.

"We would also like to thank the government for its continuous support through the years where TAR UMT has received RM1.5bil cumulatively from 1969 to 2022," he said.

Dr Wee noted that funding for TAR UMT was also the first matter taken up with Prime Minister Datuk Seri Anwar Ibrahim during their meeting in December last year.

Also present at the press conference were former transport ministers Tan Sri Liow Tiong Lai and Tan Sri Chan Kong Choy, as well as Deputy Finance Minister Steven Sim.

sos1 sinchew
sos 2 thestar

Rumah pangsa terkotor di Penang rekod 6 kes denggi

DValentine — Mon, 05 Dec 2022 17:22:33 +0800

QUOTE

Rumah pangsa terkotor di P. Pinang rekod enam kes denggi

BUTTERWORTH: Keadaan sebuah rumah pangsa di Taman Teluk Indah, Perai di sini yang menjijikkan sehingga digelar paling kotor di Pulau Pinang, menyebabkan kawasan itu berpotensi menjadi tempat pembiakan nyamuk aedes.

Ketua Inspektorat Cawangan Kawalan Penyakit Bawaan Vektor, Jabatan Kesihatan Negeri Pulau Pinang (JKNPP) Mohd Wazir Khalid berkata beberapa pemeriksaan telah dilakukan sepanjang tahun ini, namun keadaannya masih tidak berubah.

"Hari ini kami menjalankan pemantauan khas di lokasi ini kerana enam kes dikenal pasti di blok E1 dan E2. Kami akan mengisytiharkan lokasi ini sebagai kawasan panas denggi jika kes berlarutan," katanya kepada pemberita semasa Op Vektor di rumah pangsa Taman Teluk Indah hari ini.

Mohd Wazir berkata beberapa kempen telah dianjurkan untuk memastikan penduduk menjaga persekitaran dengan lebih baik, bagaimanapun usaha itu gagal.

"Kami menganjurkan gotong-royong empat minggu lepas tetapi terpaksa membatalkannya kerana kurang mendapat sambutan daripada penduduk di sini.

"Penduduk perlu bertanggungjawab dan peka dengan keadaan sekeliling kerana mereka yang tinggal di sini. Mereka perlu berusaha untuk menjaga kebersihan di kawasan kediaman masing-masing," katanya.

Beliau berkata rumah pangsa berusia 20 tahun itu merangkumi 21 tingkat dan 60 peratus daripada penduduk ialah orang tempatan manakala selebihnya warga asing.

Sementara itu, seorang tukang cuci J. Robert, 36, berkata penduduk rumah pangsa itu sudah biasa membuang sampah ke tingkat bawah.
"Pernah sekali, penduduk membuang botol kicap dari tingkat atas menyebabkan kaki saya cedera. Menyapu di kawasan ini pun ngeri kerana orang ramai suka membuang sampah dari atas," katanya.

Disebabkan sikap penduduk itu yang tidak peduli dengan tahap kebersihan kawasan kediaman mereka, tingkat bawah rumah pangsa itu kelihatan seperti tempat pembuangan sampah sehingga mendapat julukan 'rumah pangsa paling kotor di Pulau Pinang'.

-- BERNAMA

sos

hamsap masuk!

DValentine — Fri, 25 Nov 2022 11:48:14 +0800

dey, recently ayam read those pakai dom dom 0.01 pecah and kena durian runtuh

citer la sikit pernah tak korang kena?

nak nipis nak syok kena lettew

TO MOD: just lockdown /k until PM confirmed

DValentine — Tue, 22 Nov 2022 14:19:51 +0800

TO MOD:

sampah tered is getting more and more, uncontrollable,

AYAM SUGGEST:

1) LOCK NEW USER REGISTRATION
2) NO NEW TERED

UNTIL new PM confirmed

sekian