FCC Capital Berhad Introduces Innovative Cryptocurrency Staking Service in Malaysia, Emphasizing Safety and Non-Custodial User Empowerment
KUALA LUMPUR, Feb 3, 2024 – (ACN Newswire) – FCC Capital Berhad, a pioneer in the cryptocurrency industry based in Malaysia, proudly announces the official launch of its innovative staking-as-a-service platform and infrastructure. This groundbreaking initiative is set to revolutionize the staking landscape by placing a strong emphasis on safety, reliability, and client autonomy.
As the cryptocurrency market continues to evolve, FCC Capital Berhad recognizes the growing demand for secure and user-friendly staking solutions. The company’s unique approach prioritizes the safety of users’ digital assets, providing a trustworthy platform for investors seeking to participate in staking activities.
Key features of the staking service:
– Safety First: State-of-the-art security protocols to ensure the safety of users’ digital assets. By leveraging advanced encryption and multi-layered security measures, the platform provides a secure environment for staking activities.
– Reliability: With a commitment to uptime and reliability, FCC Capital Berhad ensures that users can stake their assets seamlessly. The platform’s robust infrastructure minimizes downtime and ensures a smooth staking experience.
– Non-Custodial Approach: FCC Capital Berhad distinguishes itself by adopting a non-custodial approach, allowing users to retain full control over their digital assets. This eliminates the need for third-party custody, giving users the peace of mind that their assets are securely in their possession.
– User-Friendly Interface: Features an intuitive and user-friendly interface, making it accessible to both experienced cryptocurrency enthusiasts and newcomers. The platform is designed to provide a seamless and enjoyable staking experience.
– Competitive Staking Rewards: Competitive staking rewards to incentivize users to participate in the staking ecosystem. Users can earn rewards by staking their assets without compromising on safety or reliability.
In a statement, Mr. Isaac Tan, CEO of FCC Capital Berhad, expressed excitement about the launch, stating, “We are thrilled to introduce a staking-as-a-service platform that not only meets the growing demand for secure staking solutions but also empowers users to have full control over their digital assets. Their commitment to safety, reliability, and user experience sets us apart in the cryptocurrency industry.”
As the crypto space continues to evolve, FCC Capital Berhad recognizes the need for comprehensive education. FCC Capital Berhad has collaborated with Council.Finance, Malaysia’s first legally wrapped Decentralized Autonomous Organization (DAO) to serve as an educational hub, providing the public with invaluable resources to understand the intricacies of blockchain technology and cryptocurrency. Workshops, webinars, and informative content will be available to empower individuals, ensuring they can navigate the crypto landscape with confidence. The unique legal wrapping ensures that the DAO operates within the confines of existing regulatory frameworks, fostering trust and legitimacy.
Furthermore, Council.Finance is planning to introduce an alternative dispute resolution system tailored specifically for cryptocurrency-related transactions. This system aims to address concerns related to fraud, disputes, and other issues that may arise in the crypto space. Through a transparent and decentralized process, users can resolve conflicts efficiently and fairly, contributing to the overall stability and credibility of the cryptocurrency ecosystem.
Through the collaboration, Mr. Brian Lau, the founder of Council.Finance and Independent General Counsel for FCC Capital Berhad, aspires to lead the way in transforming the landscape of blockchain and cryptocurrency, emphasizing education, legal compliance, and a fair dispute resolution system to pave the way for mainstream adoption.
Additionally, in partnership with their strategic fundraising partner, pitchIN, recognized as a Securities Commission Registered Market Operator (RMO) in Malaysia, FCC Capital Berhad is gearing up to launch a Token Crowdfunding (TCF) via pitchIN soon. Their goal is to build and fortify a robust cryptocurrency and blockchain ecosystem that prioritizes security, transparency, and legal compliance, benefiting both the public and businesses. This dedication ensures a secure and trustworthy environment for all participants involved in the digital economy.
About FCC Capital Berhad
FCC Capital Berhad is a Malaysia-based cryptocurrency firm dedicated to providing innovative and secure solutions for the management infrastructure of digital assets. Prioritizing safety, dependability, and user empowerment, FCC Capital Berhad plays a leading role in influencing the trajectory of the blockchain industry.
Social Links
X: https://twitter.com/fcccapital
Facebook: https://www.facebook.com/fcccapital
LinkedIn: https://www.linkedin.com/company/fcc-blockchain/
Media Contact
Mr. Dominic Tan, FCC Capital
Website: https://www.fcc.capital
KGW Group Berhad, a logistics services provider offering ocean freight services, air freight services and freight forwarding services as well as warehousing and distribution of healthcare-related products and devices, debuted today on the ACE Market of Bursa Malaysia Securities Berhad, opening at RM0.23 per share which represents a premium of 9.5% over the initial public offering (IPO) price of RM0.21 per share. KGW is an award-winning and asset-light logistics services provider specialising in managing and coordinating the movement of goods within the supply chain. KGW is supported by three subsidiaries, namely KGW Logistics (M) Sdn Bhd (“KGW Logistics”), Mattroy Logistics (Malaysia) Sdn Bhd (“Mattroy Logistics”), and KGW Medica Sdn Bhd (“KGW Medica”). KGW Logistics focuses on shipping cargo to and from the United States, which is KGW’s largest market whereas Mattroy Logistics handles shipments to and from other regions of the world. Meanwhile, KGW Medica specialises in warehousing and distribution of healthcare-related products and devices. The Group raised a total of RM16.73 million through the IPO, from which RM10.00 million of the proceeds is allocated to repay bank borrowings in relation to the purchase of a freehold three-storey office building with an annexed two-storey warehouse located at Glenmarie, Shah Alam (“Target Property”). RM2.00 million is allocated for the renovation of the Target Property. RM0.73 million of the proceeds will be used for working capital purposes while the remaining RM4.00 million is allocated for listing expenses. Independent Non-Executive Chairwoman of KGW, Yang Mulia Tengku Faizwa Binti Tengku Razif said, “I would like to thank the entire KGW team and the IPO DDWG team for their hard work and diligence in bringing the Group to today’s listing. On behalf of KGW, we would also like to extend our appreciation to customers, business partners and suppliers who have supported us over the years.” Managing Director of KGW, Dato’ Roger Wong said, “This is a significant milestone for the Group and evidence of how far we have come as a business to be a leading provider of logistics services in Malaysia. Through this listing, we have not only cemented our success, but we will continue to build on what we have to bring more value to our stakeholders.” According to the independent market research report in the KGW’s prospectus, the Group generated revenue of RM228.0 million from its involvement in the Malaysian logistics industry, equivalent to 0.37% share of the total market size (GDP) of the logistics industry in Malaysia of RM62.20 billion in 2022. The report noted that the Malaysian logistics industry is projected to reach RM66.25 billion in 2023 and grow to RM87.57 billion in 2027, expanding at a CAGR of 7.1% for the forecast period. In particular, the warehouse and storage market in Malaysia is forecast to reach RM2.58 billion in 2023 and expand at a CAGR of 8.2% to RM3.59 billion in 2027. TA Securities Holdings Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent for the IPO while Eco Asia Capital Advisory Sdn Bhd is the Financial Adviser for the IPO. KGW Group Bhd: https://www.kgwlogistics.com/ Images Caption (L-R): Leon Fuat Berhad, a manufacturer and trader of steel products specialising in rolled long and flat steel, today reported a 35.8% increase in revenue to RM250.93 million for the second quarter ended 30 June 2022 (Q2FY2022) compared with RM184.78 million recorded in the corresponding quarter of the preceding financial year (Q2FY2021). For the quarter under review, the trading segment contributed 38.4% to revenue while the processing segment contributed 61.5%. For the six months ended 30 June 2022 (1H 2022), Leon Fuat registered a 32.2% increase in revenue to RM523.95 million compared with RM396.26 million recorded in the six months ended 30 June 2021 (1H 2021). For the period under review, the Company reported PBT of RM49.85 million, a 41.4% decrease from RM85.10 million recorded in 1H 2021 while for 1H 2022, PAT decreased 44.4% to RM37.91 million compared with RM68.23 million recorded in 1H 2021. Calvin Ooi Shang How, Executive Director of Leon Fuat said, “We saw higher overall revenue on the increased contributions from the trading and processing of steel products, but a combination of lower overall gross profit margin and inventories written down of RM13.88 million in the current quarter as certain inventories were measured at its estimated net realisable value weighed on PBT.” “The outlook for the global economy remains volatile on a combination of China’s slowdown, the Russia-Ukraine war and tighter monetary policy in response to inflation. While the domestic economy has so far weathered the challenges on a combination of resilient exports and private consumption, uncertainties remain because of the potential risks from supply-chain disruptions and rising commodity prices leading to inflationary pressure.” “We are more neutral as to the prospects for the remaining quarters of the year given these challenges especially with the softening of steel prices and the weaker ringgit. We have increased monitoring of steel prices and related currencies and continue to take proactive measures including negotiating forward contracts, where necessary, as well as prudent inventory management, to reduce any negative impact which may arise. The Group will strive to keep operating costs at manageable levels while enhancing operating capabilities and efficiencies to meet customer requirements and to ensure timely satisfaction of customer orders.” Leon Fuat Berhad: [BURSA: LEFU] , https://www.leonfuat.com.my/
Seng Fong Holdings Berhad, a rubber processor producing and trading Standard Malaysia Rubber and premium grade block rubber, made a successful debut on the Main Market of Bursa Securities Malaysia Berhad, opening at RM0.75 per share with an opening volume of 10.8 million shares, which is the same as the initial public offering (IPO) price of RM0.75 sen per share. The Chairman of Seng Fong, Mr. Ng Ah Bah @ Kok Yee, thanked the Securities Commission Malaysia, Bursa Securities, Hong Leong Investment Bank Berhad (HLIB) and other professionals involved in the IPO, and highlighted that the listing provides the Company the opportunity to realise its immediate objectives as well as investing in environmental, social, and governance (ESG) initiatives. “Going forward, we will be well-positioned to capture opportunities arising from the increasing demand from our existing customers as well as from new customers as we ramp up production through the hiring of more people for a second shift and implementing ESG initiatives to make our business more sustainable.” “Building a sustainable business also requires the support of our shareholders. Thus, we intend to distribute at least 50% of our annual net profit as dividend to shareholders, subject to the approval of the Board of Directors and shareholders.” Block rubber is driven by the automotive industry with approximately 70% of global natural rubber being used for tyre manufacturing. Going forward, the world vehicle sector is anticipated to grow at a 5-year (2021 to 2025) CAGR of 7.03% to 105.0 million units. Seng Fong is raising RM68.1 million from the IPO. From the proceeds, RM19.7 million has been allocated for working capital requirements including purchase of raw materials and the hiring of additional workers; RM37.9 million for the repayment of bank borrowings that include the partial funding for the solar system units, RM6.3 million to fund the installation of the biomass system units and RM4.2 million for listing expenses. The installation of the solar system is estimated to achieve cost-savings of approximately RM2.6 million per annum from electricity costs and a further RM3.5 million per annum from diesel costs through the installation of the biomass system. For the financial year ended 30 June 2021, the Company’s export market share of block rubber stood at 11.8% based on its export output of 121,404 metric tonnes (“MTS”) against the country’s total export volume for block rubber of 1.03 million MTS in 2021. Seng Fong’s revenue is almost entirely derived from exports, with the primary markets being China, Hong Kong, Singapore, and Taiwan. The block rubber produced by Seng Fong are sold directly to end-user customers, majority are tyre manufacturers, and are also sold to international rubber traders. Block rubbers which are sourced from international rubber traders and/or natural rubber processors, for trading purposes, are sold to tyre manufacturers. HLIB is the Principal Adviser, Underwriter and Placement Agent for the IPO. Seng Fong Holdings Bhd: http://sengfongholdings.com/ Pictured (from left):
Seng Fong Holdings Berhad, a rubber processor producing and trading Standard Malaysia Rubber and premium grade block rubber. Block rubbers produced are sold directly to end-user customers and international rubber traders, majority of which are tyre manufacturers. Seng Fong is enroute to a listing on the Main Market of Bursa Malaysia Securities Berhad and is pleased to announce the launch of the Company’s prospectus for the initial public offering (IPO). Retail offering of 42.20 million shares representing 8.1% of enlarged number of issued shares will be made available in the following manner: – 25.95 million shares representing 5.0% of enlarged number of issued shares will be made available for application by the Malaysian public (via balloting), of which 50% will be set aside for bumiputera investors including individuals, companies, societies, co-operatives and institutions Institutional offering of 118.67 million shares representing 22.9% of enlarged number of issued shares will be made available in the following manner: – 64.87 million shares by way of private placement to bumiputera investors approved by the Ministry of International Trade and Industry Managing Director of Seng Fong, Mr. Er Hock Lai said, “Our immediate objectives from the listing are to optimise production by increasing our total annual capacity through the hiring of additional workers for a second working shift and implementing the ESG initiatives to make our business to be more sustainable. “We intend to use part of the proceeds raised the IPO to fund our working capital requirements to expand annual production capacity to 166,000 metric tonnes by 2023 from the current capacity of 142,000 metric tonnes. To further our ESG initiatives, we are also using proceeds raised from the IPO to repay bank borrowings that we have used to install two solar systems that will help reduce overall electricity expenses.” “We are also allocating proceeds raised from the IPO for the installation of two biomass system using wood chips and replacing diesel to reduce overall fuel costs for our factories. We estimate that the use of the solar systems will result in savings of RM2.6 million while the biomass system will help us save RM3.5 million. On top of the cost saving, the use of renewable energy to reduce electricity and fuel consumption is in line with our emphasis on having sustainable business operations and the need to conserve the environment.” “Building on our solid fundamentals and business reputation, we intend to recommend at least 50% of our annual net profit as dividend to shareholders subject to the approval of the Board of Directors and shareholders.” Group Managing Director/Chief Executive Officer of HLIB, Ms. Lee Jim Leng said, “Today marks a milestone for Seng Fong Holdings as the company embarks on a new chapter from a journey that began in 1986 when Mr. Er Hock Lai and his brothers founded the business to process rubber for the domestic market. We believe that Seng Fong Holdings will be able to leverage on this IPO to attain their immediate objectives while enhancing its presence in the international market for rubber processing.” Almost all of Seng Fong’s revenue is derived from sales to international customers for FYE2019 to FYE2021. For the nine months ended 31 March 2022, Seng Fong posted RM662.43 million of revenue with gross profit of RM61.74 million and profit after tax of RM31.32 million. Seng Fong Holdings Bhd: http://sengfongholdings.com/
KGW Group Berhad Debuts on ACE Market
KGW is listed under the stock name of “KGW” with stock code of “0282”.
Caption (L-R):
Ms. Kelly Neng, Director of Eco Asia Capital Advisory Sdn Bhd
Mr. Kelvin Khoo, Managing Director of Eco Asia Capital Advisory Sdn Bhd
Datuk Hamzah Bin Mohd Tahir, Executive Director of Dealing of TA Securities Holdings Berhad
Mr. Lean Sze Yau, Independent Non-Executive Director of KGW Group Berhad
Dato’ Roger Wong, Managing Director of KGW Group Berhad
Tengku Faizwa Binti Tengku Razif, Independent Non-Executive Chairwoman of KGW Group Berhad
Ms. Lim Joo Seng, Independent Non-Executive Director of KGW Group Berhad
Ms. Lee Li Choon, Independent Non-Executive Director of KGW Group Berhad
Ms. Cheok Hui Yen, Executive Director/ Chief Operating Officer of KGW Group BerhadMr. Ku Mun Fung, Head of Corporate Finance of TA Securities Holdings Berhad
( https://photos.acnnewswire.com/tr:n-650/20230801.KGW1.jpg )
Dato’ Roger Wong, Managing Director of KGW Group Berhad
Tengku Faizwa Binti Tengku Razif, Independent Non-Executive Chairwoman of KGW Group Berhad
Ms. Lim Joo Seng, Independent Non-Executive Director of KGW Group Berhad
Ms. Cheok Hui Yen, Executive Director/ Chief Operating Officer of KGW Group BerhadMs. Lee Li Choon, Independent Non-Executive Director of KGW Group Berhad
Mr. Lean Sze Yau, Independent Non-Executive Director of KGW Group Berhad
( https://photos.acnnewswire.com/tr:n-650/20230801.KGW2.jpg )
Topic: Press release summaryLeon Fuat Berhad Posts 35.8% Increase in Q2 Revenue to RM250.93 Million
The Group recorded profit before tax (PBT) of RM18.04 million for Q2FY2022, a 57.6% decrease from RM42.57 million registered in Q2FY2021 while recording profit after tax (PAT) of RM14.02 million, which is a 56.3% decrease from RM32.12 million reported in the corresponding quarter of the preceding financial year.
Topic: Press release summary
Seng Fong Holdings Berhad Debuts on Main Market of Bursa Malaysia
Seng Fong’s market capitalisation at listing is RM389.22 million, and the Company was listed under the stock name, SENFONG and stock code, 5308.
– Mr. Phang Siew Loong, Head of Equity Markets, Hong Leong Investment Bank Berhad
– Mr. Shim Choon Lim, Co-head of Corporate Finance, Hong Leong Investment Bank Berhad
– Ms. Lim See Tow, Independent Non-Executive Director, Seng Fong Holdings Berhad
– Mr. Jimmy Er Tzer Nam, Non-Independent Executive Director
– Mr. E Tak Bin, Non-Independent Executive Director, Seng Fong Holdings Berhad
– GONG –
– Mr. Er Hock Lai, Managing Director, Seng Fong Holdings Berhad
– Mr. Ng Ah Bah @ Kok Yee, Independent Non-Executive Chairman, Seng Fong Holdings Berhad
– Ms. Lee Jim Leng, Group Managing Director/Chief Executive Director, Hong Leong Investment Bank Berhad
– Ms. Lim May Wan, Independent Non-Executive Director, Seng Fong Holdings Berhad
– Mr. Chong Yeaw Kiong, Independent Non-Executive Director, Seng Fong Holdings Berhad
( https://www.acnnewswire.com/topimg/Low_SengFong2022707.jpg )
Topic: Press release summary
Seng Fong Holdings Berhad Launches Prospectus for Main Market IPO
Seng Fong’s IPO involves the issuance of 160.87 million ordinary shares or 31.0% of the Company’s enlarged number of issued shares comprising a public issue of 90.81 million shares and an offer for sale of 70.06 million shares. The issued shares will be made available for application in the following manner:
– 16.25 million shares representing 3.1% of enlarged number of issued shares reserved for application by eligible persons
– 53.80 million shares by way of private placement to other institutional and selected investors
Topic: IPO
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