Mogu Mogu first appeared in Thailand in 2001 as the brand's breakout beverage. Launched under Adisak Ruckariyaphong, the second-generation executive of the family business, Mogu Mogu came from a concept inspired by nata de coco's wide popularity in Southeast Asian snacks and desserts. Made by fermenting the liquid found inside young, green coconuts, the coconut jelly is sweet and flavorful while providing a unique texture when chewed. In fact, when Mogu Mogu first appeared on the market, it came with the slogan "you gotta chew."
Looking at the performance of our ICT business in more detail, its lower-than-expected revenue of RM16.5 million was due to a highly competitive marketplace, where a slew of new market entrants led to bidding wars and the failure to secure projects which we had anticipated winning. Moreover, a prolonged economic recovery caused a continued subdued demand for new ICT installations and maintenance support by telcos, particularly in conventional network technologies namely Metro-E and Dense Wavelength-Division Multiplexing (‘DWDM’), including from KUB Telekomunikasi Sdn Bhd’s (‘KUBTel’) main client Telekom Malaysia (‘TM’). With the aim of returning KUBTel to profitability, we have outlined key turnaround initiatives for FY2023 which are focused around securing early market entry in private 5G and 5G Centralised Radio Access Network (‘CRAN’) Fronthaul solutions. To meet the expected growth in demand for Private 5G, we are working towards developing product readiness and optimising speed-to-market across Multi-Edge Computing, Private 5G Core and 5G-in-a-box, while undertaking extensive business development activities. Meanwhile, our drive to lead in CRAN Fronthaul solutions is bolstered by our continuous positive engagements with Digital Nasional Berhad (‘DNB’) – Malaysia’s special purpose vehicle to drive 5G adoption and South Korean technology powerhouse HFR Inc. (‘HFR’). Our plan is to deliver on business cases established in consultancy with DNB, utilising fronthaul solutions developed in tandem with HFR.
Installing an automatic fare collection system for fifty three Keretapi Tanah Melayu Berhad (‘KTMB’) Commuter stations for the Ministry of Transport (‘MOT’). Construction of telecommunications towers for the Malaysian Communications and Multimedia Commission (‘MCMC’). Supply of telecommunications infrastructure, including delivery of fibre optic accessories and metal based items, to support Telekom Malaysia Berhad’s (‘TM’) High-Speed Broadband (‘HSBB’) service.
SIME DARBY BERHAD (“SIME DARBY” OR “COMPANY”) (I) PROPOSED ACQUISITION BY SIME DARBY ENTERPRISE SDN BHD (“SDESB”), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF SIME DARBY, OF 714,813,100 ORDINARY SHARES IN UMW HOLDINGS BERHAD (“UMW”) (“UMW SHARE(S)”) REPRESENTING APPROXIMATELY 61.18% EQUITY INTEREST IN UMW FOR A TOTAL CASH CONSIDERATION OF RM3,574,065,500 (“PROPOSED ACQUISITION”); AND (II) PROPOSED MANDATORY TAKE-OVER OFFER TO ACQUIRE ALL THE REMAINING UMW SHARES NOT ALREADY OWNED BY SDESB, SIME DARBY AND PERSONS ACTING IN CONCERT WITH THEM SUBSEQUENT TO THE PROPOSED ACQUISITION (“PROPOSED MGO”) The Proposed Acquisition will involve the acquisition by SDESB of 714,813,100 UMW Shares, representing approximately 61.18% equity interest in UMW (“Sale Shares”) from the Sellers for a total cash consideration of RM3,574,065,500 or RM5.00 per UMW Share (“Purchase Consideration”), which shall be payable on the unconditional date of the SPA. The number of Sale Shares and the corresponding percentage held by each of the Sellers are as follows: