Jason Ng
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Journalist | Tweet juga dalam Bahasa 🇲🇾 | The Edge Malaysia | Ex NewsRise, Nikkei, Wall Street Journal, Dow Jones Newswires, TMR |
Articles by Jason Ng
Mechanix Wear, a portfolio company of Gryphon Investors, has acquired OTEX
Mechanix Wear, a portfolio company of Gryphon Investors (“Gryphon”), has acquired OTEX. Based in Rochester, New York, OTEX is an innovative developer and manufacturer of tech-enabled personal protective equipment (PPE) offering premium, R&D‑driven safety solutions and protective apparel.
Barriers to use of continuous glucose monitoring among adults with type 2 diabetes
Keywords Continuous glucose monitoring Type 2 diabetes Hemoglobin A1c Glycemic control Barriers Abbreviations CGM (Continuous Glucose Monitoring) T2D (Type 2 Diabetes) HbA1c (Hemoglobin A1c) Get full text access Log in, subscribe or purchase for full access. References 1. Jackson, M.A. ∙ Ahmann, A. ∙ Shah, V.N. Type 2 diabetes and the use of real-time continuous glucose monitoring Diabetes Technol Ther. 2021; 23:S -27 2. Ajjan, R.A. ∙ Battelino, T. ∙ Cos, X. ...
Markes International has been sold to Velaris, backed by Battery Ventures
Markes International (Markes), a UK-headquartered provider of specialist analytical technologies that enhance the sensitivity, separation and interpretive power of gas chromatography (GC) and GC–mass spectrometry (GC–MS), has been acquired by Velaris, backed by Battery Ventures (Battery).
AME REIT to sell three industrial properties for RM14.5 mil
"This divestment forms part of our active portfolio management and capital discipline, where mature, smaller-format properties are monetised at attractive valuations and capital is redeployed into larger, scalable properties with stronger long-term growth,”. KUALA LUMPUR (Jan 6): AME Real Estate Investment Trust (KL:AMEREIT) said it is selling three industrial assets for RM14.5 million in total to an existing tenant at its i-Park @ SILC in Johor.
KKR has acquired Spectris plc
KKR, a leading global investment firm, has acquired Spectris plc, a UK-headquartered provider of high-tech instruments, test equipment and software. This acquisition reinforces KKR’s commitment to investing in high-performance measurement and control solutions. Spectris plc is recognized for its advanced test and measurement technologies, serving critical sectors including life sciences, electronics, automotive, and industrial manufacturing.
Cell Bio - December 6-10, 2025 at Philadelphia, PA
6 December – 10 December 2025 Philadelphia, PA EC M&A’s Sally Sha and David Zimbalist will be attending Cell Bio 2025. Please reach out to schedule a meeting. We look forward to seeing you there!
SPS - November 25-27, 2025 at Nürnberg, Germany
EC M&A’s Volker Seekamp, Maximilian Zimmermann, and John Kim will be attending SPS. Please reach out to schedule a meeting. We look forward to seeing you there!
ISC East - November 19, 2025 at NYC
EC M&A’s Pim Kraaijeveld and Arwen Ma will be attending ISC East. Please reach out to schedule a meeting. We look forward to seeing you there!
Bedfont Scientific has been sold to Keensight Capital
Bedfont Scientific Ltd. (“Bedfont”) has been sold to Keensight Capital (“Keensight”). Bedfont designs and manufactures non-invasive breath analysis medical devices. As part of the transaction, the Company’s existing shareholders will reinvest alongside Keensight. With a strong track record in both MedTech and the respiratory field, Keensight brings the expertise and network to support Bedfont’s next stage of growth, strengthening its position as a global leader in breath analysis field.
Enpro has acquired Overlook Industries
Enpro Inc. (NYSE: NPO), an industrial technology company, has acquired Overlook Industries, a US-based designer and manufacturer of single-use filler needles and fluid path assemblies for the pharma and biotech industries. Overlook’s suite of final-fill and finish technologies has a long history of helping the world’s largest single-use systems integrators, CDMOs, and pharmaceutical companies solve critical liquid dispensing challenges.
NSF International has acquired Cambium Analytica
NSF International (“NSF”), a global public health and safety organization, has acquired Cambium Analytica, a provider of analytical testing and development services for the natural food, beverage, and dietary supplement industries. With the addition of Cambium Analytica, NSF is better-positioned to meet accelerating client demands by offering access to integrated, best-in-class solutions at scale. The acquisition bridges critical gaps in the natural products market.
Q&A: CGMs Unreliable for ICU Insulin Management
Two experts discuss why more research is needed before continuous glucose monitors can be used reliably for insulin management for critically ill patients. Although factory-calibrated continuous glucose monitors (CGMs) are increasingly used to guide glucose management in critically ill hospitalized patients, their accuracy remains uncertain, according to an industry-supported study published in the Journal of Diabetes Science and Technology.
Baker McKenzie Advises Weave Living on its Joint Venture With BlackRock and Lian Beng Group to Acquire Novena Serviced Apartments in Singapore
Skip to content Baker McKenzie advised Weave Living, Asia Pacific's preeminent living sector specialist, on its joint venture with BlackRock and Lian Beng Group to acquire a serviced apartment building at 12 Shan Road in Novena, Singapore. The newly acquired building, which marks Weave Living's fourth property in Singapore, will be upgraded with lifestyle and wellness amenities and will reopen under the company's contemporary serviced accommodation brand, Weave Suites — Novena, in 2026.
Hong Kong: SFC Circular on listed Closed-Ended Alternative Asset Funds | 17 February 2025
In brief New regime for the listing of Alternative Asset Funds 17 February 2025, the Hong Kong Securities and Futures Commission (SFC) published its Circular on Listed Closed-ended Alternative Asset Funds ("Circular").
Gamuda still has strong upside ahead, RHB IB says in raising consensus-topping target
The stock has also benefitted from a slew of news on highly-lucrative jobs to build data centres. KUALA LUMPUR (Dec 10): Shares of Gamuda Bhd (KL:GAMUDA) still have strong upside in the next 12 months, RHB Investment Bank (RHB IB) said on Tuesday, flagging strong earnings and more job wins ahead. The research house raised its target price for Gamuda by RM1.15 to RM11.67, the highest among 21 covering the stock, and maintained its “buy” call.
Hip-hop music producers’ labour in the digital music economy: Self-promotion, social media and platform gatekeeping
Introduction Cultural production and distribution practices in the digital creative economies have been transformed by attendant changes to labour conditions, technology and media infrastructure. Scholars have observed the rise of figures like the ‘produser’ (Bruns, 2016) and the ‘new amateur’ (Prior, 2010), describing creative practitioners which complicate traditional distinctions between amateur and professional by their uses of digital technologies.
Sarawak builder Hartanah Kenyalang files for ACE Market IPO
Hartanah Kenyalang is involved in construction services targeting institutional buildings such as schools and other public buildings, as well as infrastructure focusing on bridges and roads. The company has seven jobs on hand, worth RM177.3 million, that will provide earnings up to 2026.
Malaysia in talks for new free trade deals to blunt impact of geopolitical conflicts - Zafrul
Negotiations Malaysia The Edge Malaysia | 14 October 2024 Malaysia in talks for new free trade deals to blunt impact of geopolitical conflicts — Zafrul By Jason Ng KUALA LUMPUR (Oct 14): Malaysia is currently negotiating several new free trade agreements (FTAs) that would help to diversify its trade and investments, and mitigate the impact of conflicts in the Middle East and the Russia-Ukraine war.
Melaka real estate firm SPB Development files for IPO on Main Market
The company is in the midst of conducting feasibility studies to expand or replenish its landbank for future developments in Selangor, Penang, Kedah, Melaka and Johor, SPB said in the draft prospectus. However, the Melaka-based company noted that it has yet to begin any negotiations for the purchase.
Lim Seong Hai Capital files for IPO as part of transfer to ACE Market
The proposed IPO involves a public issue of 132 million new shares and an offer for sale of 59 million existing shares at a price to be determined later, according to its draft prospectus. All in all, the IPO offers investors up to 22.78% stake in the company. KUALA LUMPUR (Oct 11): Lim Seong Hai Capital Bhd (KL:LSH), a construction and engineering firm, has filed for an initial public offering (IPO) as part of its listing transfer to the ACE Market, from the LEAP Market.
Intel will delay ops of new facility being built in Penang - CEO Gelsinger
This is the second foreign big name that has put the brakes on expanding production, after Osram Opto Semiconductors Sdn Bhd, a unit of Austrian-German leading intelligent sensor and emitter-maker ams Osram. KUALA LUMPUR (Sept 17): Intel Corp will delay the operations of a new plant currently being built in Malaysia as the world’s largest computer chip maker grapples with declining sales and mounting quarterly losses.
Govt announces incentives to jumpstart Forest City special financial zone
To attract international capital to Forest City, the government is offering a concessionary corporate tax rate of between 0% and 5%, and a personal income tax rate of 15% for knowledge workers and Malaysians who choose to work there, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
EcoWorld shares climb to seven-week high after 3Q results beat estimates
Shares of EcoWorld have gained nearly 70% so far this year, tracking broad gains in the property sector. The stock has also benefited from news flow related to data centre and industrial properties. KUALA LUMPUR (Sept 20): Shares of Eco World Development Group Bhd (KL:ECOWLD) rose on Friday to their highest in seven weeks after the property developer reported better-than-expected third-quarter results. EcoWorld climbed three sen or 1.7% to RM1.77, its highest since Aug 1, 2024.
WCT shares rise on planned REIT spin-off, analysts expect lower debt levels
Shares of WCT have more than doubled so far this year, tracking strong gains in the construction sector, and partly boosted by news of the planned REIT listing in recent months. KUALA LUMPUR (Sept 19): Shares of WCT Holdings Bhd (KL:WCT) rose on Thursday as investors lauded a planned listing of a real estate investment trust, while analysts praised the move that would help pare the company’s debts. WCT rose as much as five sen or nearly 5% to RM1.08.
Widely expected US rate cut to boost large-cap banks, energy stocks, REITs - Kenanga
Rate cuts in the US have been mostly positive for the FBM KLCI with a median return of 8% over a 12-month period after a US rate cut, Kenanga said in a note. KUALA LUMPUR (Sept 18): A widely expected US policy rate cut this week will boost Malaysian stocks in the oil and gas (O&G), real estate investment trust (REIT), and large-cap banking sectors, Kenanga Investment Bank said.
Binastra Corp gets RM283m KL apartment construction contract
Its outstanding order book now amounts to RM2.8 billion, which would provide earnings for the next four years. KUALA LUMPUR (Sept 5): Binastra Corporation Bhd (KL:BNASTRA) said on Thursday it has secured a construction contract worth RM283.33 million for an apartment project in Kuala Lumpur. Works on the contract are expected to be completed within 32 months once it begins on Sept 17, Binastra said in an exchange filing.
BNM keeps OPR at 3% as widely expected
“At the current OPR level, the monetary policy stance remains supportive of the economy, and is consistent with the current assessment of inflation and growth prospects,” BNM said. KUALA LUMPUR (Sept 5): Malaysia’s central bank on Thursday left the benchmark interest rate unchanged as widely expected, drawing comfort from sustained economic expansion and benign inflation.
TRUMP IN POWER: TECH IN TROUBLE (A Prudent Person Foresees Danger & Hide himself, Calvin Tan
Dear friends of i3 Forum It is with utmost concern that we post this TRUMP IN POWER: TECH IN TROUBLE (A Prudent Person Foresees Danger & Hide himself, Calvin Tan Yes read this again Proverbs 22:3 King James Bible A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished. Berean Study Bible The prudent see danger and take cover, but the simple keep going and suffer the consequences.
KIP REIT net property income surges 63% in 4QFY2024, declares 1.97 sen payout per unit
“We are excited by the potential of our existing assets and the vast opportunities to acquire high quality accretive assets with strong recurring rental income to expand our portfolio,” said KIP REIT chief executive officer Valerie Ong Pui Shan. KUALA LUMPUR (July 25): KIP Real Estate Investment Trust (KL:KIPREIT) said on Thursday its net property income surged 62.8% in the final quarter of 2024 earlier, thanks to strong gain of retail properties in the northern and central regions.
Varia bags subcontract worth RM555m, sending shares to near eight-month high
“This project not only strengthens our order book, but also aligns with our commitment to environmental, social, and governance principles.” KUALA LUMPUR (July 23): Varia Bhd (KL:VARIA) said on Tuesday it had secured a construction subcontract worth RM555 million, sending shares in the company formerly known as Stella Holdings Bhd to their highest in nearly eight months.
Electrical services firm CBH Engineering files for ACE Market IPO
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BNM keeps OPR at 3% as widely expected
“Going forward, exports are expected to be further lifted by the global tech upcycle given Malaysia’s position in the semiconductor supply chain, as well as continued strength in non-electrical and electronics goods. Tourist arrivals and spending are also poised to rise further,” BNM said. KUALA LUMPUR (July 11): Malaysia’s central bank on Thursday kept the benchmark interest rate unchanged as widely expected, amid resilient economic growth and manageable inflation.
Sabah-based builder Azam Jaya files for Main Market IPO
The proposed IPO involves a public issuance of 78.8 million new shares and an offer-for-sale of 50 million existing shares at a price to be determined later, according to its draft prospectus posted to the Securities Commission Malaysia. All in all, the listing would offer up to 26% stake in the company.
Construction services firm Wawasan Dengkil files for ACE Market IPO
Wawasan Dengkil mainly provides earthworks and civil engineering services. The company is also involved in trading of construction materials, as well as provision of machineries and commercial vehicles for hire. KUALA LUMPUR (July 10): Wawasan Dengkil Holdings Bhd, a construction services company, filed for an initial public offering (IPO) on the ACE Market to raise funds to buy equipment, and to finance project working capital.
Northern Solar, backed by Lagenda Properties, files for ACE Market IPO
The proposed IPO involves a public issue of 67.25 million new shares and an offer-for-sale of 35.6 million existing shares at a price to be determined later, according to its draft prospectus posted to Bursa Malaysia. All in all, the listing would offer investors up to a 26% stake in the company. KUALA LUMPUR (June 26): Northern Solar Holdings Bhd, which installs solar panels and operates solar farms, has filed for an initial public offering (IPO) on the ACE Market to raise funds for expansion.
Retail sales rebounded in 1Q, may slow in next three months - Retail Group Malaysia
Sales at department stores cum supermarkets grew 12.3% in 1Q2024, while fashion and accessories were up 12.6%. KUALA LUMPUR (June 18): Malaysia’s retail sales rebounded in the first quarter of this year (1Q2024), thanks mainly to the Chinese New Year festival and month-long school holiday, though growth may slow in the next three months, according to Retail Group Malaysia (RGM).
Oriental Kopi files for ACE Market IPO to raise funds for expansion
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Malaysia's wholesale and retail sales growth accelerates to 6.6% in April, official data show
The rise in the wholesale sector was driven by a 4.2% rise in other specialised wholesale. KUALA LUMPUR (June 11): Malaysia’s wholesale and retail sales accelerated and grew 6.6% in April from a year earlier led by retail sales in non-specialised stores, official data on Tuesday showed. Wholesale and retail trade totaled RM144.9 billion in April, the Department of Statistics Malaysia said in a statement. The pace of sales growth was faster than the 5.2% year-on-year increase in March.
MRCB shares fall as below-view 1Q prompts caution
On Thursday, MRCB reported that its net profit for 1QFY2024 plunged 65% year-on-year to RM3 million, due to lower sales and billings, following the completion of two major projects. Earnings per share declined to 0.07 sen from 0.19 sen. Revenue fell 36% year-on-year to RM476.2 million.
Axis REIT to acquire two auto service centres for RM125m
The acquisition of the service centres, one in Seksyen 51A of Petaling Jaya and another in Batu Caves in Gombak, is expected to generate a starting gross yield of about 6.2% per year, Axis said. KUALA LUMPUR (May 23): Axis Real Estate Investment Trust (KL:AXREIT), which mainly manages offices and warehouses, said on Thursday it is acquiring two automotive service centres worth RM125 million.
Sime Darby Property soars to near six-year high after 1Q results
Core net profit for the first three months ended March 31, 2024 (1QFY2024) accounted for 29% of consensus’ full-year estimates, which was above expectations, as analysts noted that SimeProp usually reports stronger results in the second half. KUALA LUMPUR (May 23): Shares of Sime Darby Property Bhd (KL:SIMEPROP) climbed to its highest in nearly six years as analysts scrambled to raise their forecasts after the developer reported better-than-expected results.
Pintaras Jaya rises to 11-month high after announcing 3Q results
Pintaras Jaya rises to 11-month high after announcing 3Q results / May 21, 2024 | Updated 11 minutes ago On its part, Pintaras said its outstanding construction orderbook worth about RM316 million will help the company “navigate through the next few challenging months” while noting “an upturn in construction activities”.
IJM, partner secure eight central London sites for development
IJM, partner secure eight central London sites for development / May 16, 2024 | Updated 8 minutes ago The development could host some 1,600 new homes with an estimated gross development value over £3 billion (RM17.8 billion), IJM Land said in a statement. The sites collectively have the potential of up to 3.55 million square feet of development, covering housing, life sciences and commercial use such as offices, it noted.
BNM keeps overnight policy rate unchanged as widely expected
Malaysia’s economy may expand 4%-5% this year, according to government forecast, following a weaker-than-expected 3.7% growth in 2023. The government is betting on resilient consumer spending and business investments amid increased external demand to drive growth. KUALA LUMPUR (May 9): Malaysia’s central bank on Thursday left the benchmark interest rate unchanged as widely expected, citing improving economic activity amid moderate inflation.
UOA Development to launch two projects worth RM2.7b by June
The combined GDV of these two projects is about RM1 billion, with both slated for completion in 2026. KUALA LUMPUR (April 29): Real estate developer UOA Development Bhd said it plans to launch two new projects worth an estimated RM2.7 billion in gross development value (GDV) this year. Bamboo Hills Residences, a three-block project with 2,517 units and a retail podium, is expected to be launched in the first half with expected completion in 2028, UOA said in its annual report.
I-Bhd to raise RM100m from preference share issue
The proposal calls for the issuance of up to 100 million redeemable preference shares to Sumurwang Sdn Bhd at RM1 apiece, according to an exchange filing. The shares are non-tradable and not convertible into ordinary shares of the company, it noted. KUALA LUMPUR (April 24): I-Bhd, which develops properties and operates theme parks, said on Wednesday it is planning to issue preference shares to its major shareholder in a deal that could raise up to RM100 million.
Axis REIT's latest acquisition to boost earnings, is yield accretive - analysts
On Monday, Axis REIT announced that it is buying the industrial complex and open storage yard from Amsteel, a unit of Lion Industries Corp Bhd. KUALA LUMPUR (April 23): Axis Real Estate Investment Trust (Axis REIT), which mainly manages offices and warehouses, will gain a boost in earnings with the proposed RM351.8 million industrial acquisitions in Bukit Raja, Selangor, analysts said.
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