16 Sept 2024 

Two years of putting clean energy into action: Gentari offers clean energy solutions through three initial core pillars - Renewable Energy, Hydrogen and Green Mobility - forming a portfolio of solutions cutting across the electron value chain to help customers achieve net zero emissions.

Since its launch two years ago, Gentari has rapidly emerged as a key player in the clean energy sector. Despite challenges, the company's swift progress highlights the immense potential of the industry and the growing demand for sustainable solutions toward Net Zero Carbon Emissions (NZCE).

As part of its mission to be the most valued clean energy solutions partner in Asia Pacific, Gentari is delivering impactful projects across its three core pillars—Renewable Energy, Hydrogen and Green Mobility. These initiatives are not only helping customers decarbonise but are also advancing the global energy transition.

In all its core markets-Malaysia, India, and Australia-Gentari not only aligns with national policies such as Malaysia's New Industrial Master Plan (NIMP), the National Energy Transition Roadmap (NETR) and the Hydrogen Economy Transition Roadmap (HETR), but also actively advocates for progressive policies and regulatory frameworks that promote clean energy solutions. By providing input into national decarbonisation agendas and collaborating with government agencies to contribute towards process and policy improvements, Gentari plays a critical role in helping to accelerate the energy transition while addressing both national priorities and customer needs.

Through global alliances and key strategic partnerships, Gentari is positioning itself as a leading developer in Commercial and Industrial (C&I) and utility-scale renewable energy, a large scale hydrogen producer and go-to industry partner for hard-to-abate sectors like steel, chemicals and maritime, and Asia Pacific's leading green mobility solutions partner.

Building alliances

Gentari recognises partnerships' critical role in accelerating clean energy adoption. By collaborating with key players like PETRONAS, Tenaga Nasional Berhad, Amazon Web Services, AM Green, it amplifies efforts to drive sustainability and decarbonisation across industries. In just two years, Gentari has forged over 20 strategic alliances with government bodies, private companies and international organisations, advancing its mission to deliver impactful, sustainable solutions.

Among these collaborations is Gentari's partnership with ReNew to develop 5 GW of renewable energy in India and its joint venture with Japan's Asahi Kasei and JGC for green hydrogen production using a 60 MW alkaline water electrolyser. It is also paving the way for low carbon hydrogen supply in Southeast Asia through collaborations with City Energy and Sembcorp Energy in Singapore. Additionally, its alliance with Lazada Group Malaysia is driving the electrification of logistics and with Zurich Malaysia, Gentari is exploring green mobility infrastructure and services to promote a sustainable lifestyle.

Through these initiatives, Gentari is not only aligning with national priorities and fostering economic development, but also ensuring a clean energy future for generations to come.

Tracking successes

Gentari's Renewable Energy pillar has rapidly grown, scaling its global portfolio to 3.6 GW of installed and under construction capacity through strategic investments in solar and wind projects across utility-scale and commercial & industrial (C&I) segments. In India, its subsidiary, Amplus Solar, manages 1.9 GW of solar power for over 400 C&I customers, with an additional 300 MW of projects nearing final investment decision. In Australia, Gentari's acquisition of WIRSOL Energy, now known as Gentari Solar Australia, marked its entry into the country's renewable energy market. The company also expanded into offshore wind with an investment in the Hai Long project off Taiwan's Changhua coast. These initiatives, among many others, reinforce Gentari's position as a leading clean energy player in the Asia Pacific region.

In Hydrogen, Gentari is advancing large scale production through vital strategic projects, positioning itself as a leader in green molecules. In partnership with AM Green in India, Gentari aims to produce 5 million metric tons of green ammonia annually by 2030, with production expected to commence in the second half of 2026. In Malaysia, Gentari is advancing a centralised hydrogen production hub in Sarawak with SEDC Energy, to further strengthen its role as a regional leader in hydrogen supply. In addition to these efforts, Gentari is exploring supply opportunities for hard-to-abate sectors in markets like Singapore and is expanding its global footprint with feasibility studies for hydrogen projects in countries like Canada. This positions Gentari at the forefront of the industry, tackling the challenges of decarbonising key sectors.

In Green Mobility, Gentari has established itself as a leader, deploying a fleet of over 3,800 electric vehicles (EV) under its Vehicle-as-a-Service (VaaS) offering across Malaysia, India and Indonesia. This fleet has achieved approximately over 32 million electric kilometers driven, resulting in carbon avoidance of around 928 tCO2e.

Thanks to roaming partnerships with key EV industry players like EV Connection and ChargeEV in Malaysia, Evolt in Thailand, and ComfortDelGro and City Energy Go in Singapore, Gentari contributes to greater range confidence for EV users across the region. In Malaysia, Gentari operates the largest network of licensed EV charging stations, featuring over 400 charging points, including more than 150 DC fast chargers, making it the country's largest operator of fast chargers.

Across Malaysia, India and Thailand, Gentari manages a network of close to 1,000 charging points, most of which are integrated with the Gentari Go app. Starting with green mobility solutions that provide seamless access to EV charging networks and fleet management tools, Gentari Go is set to evolve, eventually integrating other clean energy solutions for a more comprehensive, sustainable system.

A vision for the future

As Gentari celebrates its second anniversary, it remains committed to becoming Asia Pacific's most valued clean energy solutions partner. Scaling operations, pioneering clean energy technologies and fostering impactful partnerships will be central to its future growth. Through human capital and economic contributions, Gentari will continue to play a commensurate part in facilitating the global energy transition, building a sustainable future for all.

Source: https://theedgemalaysia.com/content/advertise/accelerating-progress-reflecting-gentari-two-year-journey-the-clean-energy-landscape

17 Sept 2024 

KUALA LUMPUR (Sept 17): Medical eyecare company TopVision Eye Specialist Bhd (KL:TOPVISN) has secured Bursa Malaysia’s approval for its proposed transfer from the LEAP Market to the ACE Market.

In a filing on Tuesday, TopVision said the stock exchange regulator has given the go-ahead for the listing transfer of the company’s entire enlarged issued share capital of 309.82 million shares.

TopVision's proposed initial public offering (IPO) comprises an entire public issue of 54.22 million new shares, representing up to a 17.5% stake in the company, at a price to be determined, according to its draft prospectus posted to Bursa in July. There is no separate sale of existing shares.

TopVision and its subsidiaries are principally involved in the provision of medical eyecare services that ranges from general eyecare to treatment of eye diseases.

According to the company, funds raised from the IPO will be used to part-fund the establishment of its international eye specialist centre that costs an estimated RM16 million. The entire gross proceeds totalling RM12.02 million from its listing on the LEAP Market have since been fully utilised.

For the first half ended June 30, 2024, TopVision booked a net profit of RM2.74 million on a revenue of RM21.93 million.

TopVision shares were last traded on July 15 at 72.5 sen, giving the company a market capitalisation of RM191.7 million.

Source: https://theedgemalaysia.com/node/727012

31 May 2024 

We are delighted to announce the official launch of the Malaysia Digital (MD) Tax Incentive, as unveiled today on 31st May 2024. This outcome-based tax incentive is offered to eligible MD companies proposing to undertake qualifying activities by leveraging any of the following promoted tech enablers:

• Artificial Intelligence (AI) and/or Big Data Analytics (BDA)

• Internet of Things (IoT)

• Cybersecurity

• Cloud

• Blockchain

• Drone Technology

• Creative Media Technology including Extended Reality (XR) and/or Mixed Reality(MR)

• Integrated Circuit (IC) Design with Embedded Software

• Robotics and/or Automation

• Advanced Network Connectivity and/or Telecommunication Technology.

The MD Tax Incentive offers the following options:

1. New Investment Incentive

a.Reduced Tax Rate (RTR): 0% RTR on qualifying intellectual property (IP) income and 10% or 5% RTR on qualifying non-IP income for up to 10 years; or

b. Investment Tax Allowance (ITA): 60% or 100% of qualifying capital expenditure against up to 100% statutory income for up to 5 years.

2. Expansion Incentive

a. Reduced Tax Rate (RTR): 15% RTR on qualifying IP and non-IP incomes for up to 5 years; or

b. Investment Tax Allowance (ITA): 30% or 60% of qualifying capital expenditure against up to 100% statutory income for up to 5 years.

ISSUED BY MALAYSIA DIGITAL ECONOMY CORPORATION (MDEC) SDN. BHD. 

Source: https://mdec.my/announcement/md-tax-incentive

13 December 2023 

The Securities Commission Malaysia (SC) today introduced an accelerated transfer process to facilitate the promotion of eligible ACE Market public listed companies (PLCs) to the Main Market of Bursa Malaysia.

The framework will take effect on 1 January 2024 through amendments to the Equity Guidelines.

The SC Chairman, Dato’ Seri Dr. Awang Adek Hussin said, “The ACE Market has remained a significant source of financing within the Malaysian equity capital market, with 20 ACE Market listings raising RM1.26 billion through initial public offerings as of October this year.”

“This accelerated transfer process will benefit sizeable, qualified ACE Market PLCs by accelerating the transfer to the Main Market for greater visibility and access to a larger pool of investors, including foreign and institutional investors,” he said.

Transferring to the Main Market, which is the prime market for established companies, demonstrates that the ACE Market PLCs have achieved the standards in terms of quality, size and operations.

Under the new accelerated transfer process, an ACE Market PLC must, among others, have a daily market capitalisation of at least RM1 billion for the past six months, and meet the profit requirements for companies seeking listing on the Main Market.

The revised Equity Guidelines that will facilitate the transfer are available at https://www.sc.com.my/regulation/guidelines/equity.

SECURITIES COMMISSION MALAYSIA

Source: https://www.sc.com.my/resources/media/media-release/sc-introduces-accelerated-transfer-of-listing-from-ace-market-to-main-market-for-eligible-ace-market-companies

31 Mar 2023 

Bursa Malaysia Securities Berhad (“Bursa Malaysia” or “the Exchange”) today issued amendments to the ACE Market Listing Requirements (“ACE LR”) in relation to the transfer of listing framework from the LEAP Market to the ACE Market (“LEAP Market Transfer Framework”), which will facilitate eligible LEAP Market listed corporations to graduate to the ACE Market.

The amendments also include the introduction of a recognised approved adviser framework (“Recognised Approved Adviser Framework”), which will expand the pool of Sponsors/Advisers in the ACE Market in respect of the transfer of listings and permitted corporate exercises.   

“Bursa Malaysia is pleased to introduce this new transfer of listing framework, to increase the accessibility and attractiveness of our equities market. The Exchange will continue to pursue efforts to better serve our purpose as an important avenue for companies to raise funds. With these amendments, we look forward to a more vibrant LEAP and ACE Markets,”

said Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia Berhad.   

The LEAP Market was launched on 25 July 2017 as a qualified market accessible only to sophisticated investors. Overall, the establishment of the LEAP Market has been well received, as it provided greater opportunity to small and medium sized enterprises (“SMEs”) to access capital, while increasing their visibility and profile through their status as a public listed company (“PLC”).

Since its inception, the companies listed on the LEAP Market raised a total of approximately RM231.2 million through initial listings. As at 29 March 2023, the market capitalisation of the entire LEAP market stands at RM5.5 billion, with 48 companies listed on the LEAP Market. 

LEAP Market Transfer Framework 

Under the new LEAP Market Transfer Framework, to qualify for a transfer of listing: -

1. A PLC must have been listed on the LEAP Market for at least two years;

2. Be assessed and considered as suitable for listing on the ACE Market by a Sponsor; and

3. Undertake a public issue of shares on the ACE Market.

It is also imperative for a transfer applicant to demonstrate there is a clear and transparent price discovery mechanism in place, to demonstrate the fairness and reasonableness of its issue price pursuant to its transfer to the ACE Market.  

Concurrent with the application for a transfer of listing, a transfer applicant must apply to withdraw its listing from the LEAP Market and accord to its shareholders an exit offer, or any other alternative exit mechanism, which is equitable to them. A transfer applicant will only be delisted from the LEAP Market upon its successful transfer and listing on the ACE Market.    

A transfer applicant must retain the services of a Sponsor for two full financial years following its admission to the ACE Market, or one full financial year after it has generated operating revenue, whichever is the later.

This is to guide and advise the transfer applicant on its continuous compliance with the ACE LR and other regulatory requirements post listing.

The amendments take effect on 1 April 2023. 

Source:

https://www.bursamalaysia.com/bm/about_bursa/media_centre/bursa-malaysia-introduces-new-transfer-of-listing-framework-from-leap-market-to-ace-market