New Joint Venture Set To Boost Tech-Transformation In Sarawak

New Joint Venture Set To Boost Tech-Transformation In Sarawak

New joint venture set to boost tech-transformation in S’wak KUCHING (1 July 2018): Sarawak will see about US$25 million (over RM100 million) in investment following the setting up of Andasar Bhd, a locally-incorporated consortium. Figure 1: Uzlov with the ‘uprail’ model, featured during a recent exhibition. The company, a joint venture (JV) between MHN Ventures Sdb Bhd of Sarawak and Adgex Ltd, which is a public-listed company from Australia that is looking into turning Sarawak as its regional base for Asean. Andasar, through expertise from Adgex, is looking at transferring four of its core technologies here — the ‘Uprail’ high-speed rail transportation system, the ‘Upline’ elevated pipeline system, the ‘greenBLAZE’ waste to energy system, and the ‘energyBrick’ electricity storage system. According to Adgex managing director Victor Uzlov, Andasar is looking at setting up its base in Sama Jaya Industrial and set up its local manufacturing and fabrication plant there, together with other facilities such as training and local management. “We look forward to participating and adding...
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Serba Dinamik Hits Record High of RM3.89

Serba Dinamik Hits Record High of RM3.89

Serba Dinamik hits record high of RM3.89 KUALA LUMPUR(July 26): Shares in Serba Dinamik Holdings Bhd hit a record high of RM3.89 this morning—its highest level since the group’s listing on Bursa Malaysia in February last year. Its share price of RM3.89 was 2.4% higher compared to its last closing price of RM3.80, and more than double of its initial public offering price of RM1.50. Last week, the group announced its first venture into Laos. The group had secured an engineering, procurement, construction and commissioning (EPCC) contract to build two hydro power plants in Laos, which will have the capacity to generate 30 megawatt (MW) of electricity for US$66.2 million, equivalent to RM268.8 million. The contract was awarded by Nam Taep 1,2,3 Hydropower Co Ltd to its wholly-owned subsidiary Serba Dinamik International Ltd, which is valid throughout the next 43 months or 3.6 years. The group also announced last week that Serba Dinamik International has proposed to subscribe for 51.81 million of new shares, equivalent...
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