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Pilot Internship Placement

Pilot internship placement for secondary school leaver(s), currently being developed with a selected orphanage at Quest Hotel

By The Star : Tanco unit signs agreement with Ocean Bridge to operate Smart AI container port

PETALING JAYA: Tanco Holdings Bhd has entered into the Midport Smart AI Container Terminal Entrusted Operational Management Agreement with Ocean Bridge International Ports Management Co Ltd for the proposed development of a Smart AI Container Port in Negeri Sembilan.

The agreement, made through Tanco’s 79% owned Midports Holdings Sdn Bhd, will entail Ocean Bridge becoming the port operator of the proposed project and its assets.

Ocean Bridge will also be tasked with carrying out related businesses using the latest port-related AI automated technology, such as container logistics, transportation and container cargo handling, among others.

In a statement released, Tanco said the project aimed to form a strategic partnership with the expertise and network of a qualified, experienced, capable, reputable and branded port operator for the future operations of the project.

“This will support, benefit and further expand the various industries and the economic growth of Negeri Sembilan, and further add to the group’s business activities and revenue sources,” Tanco Holdings noted.

However, Tanco clarified that the ownership and ultimate disposal rights will still be retained by them while the profits and losses shall be borne or enjoyed by them alone.

“Ocean Bridge will send a management team to be stationed at the terminal, and will operate it through Tanco as the platform. Ocean Bridge will assume overall responsibility for the operation, management, and oversight of all assets, business activities, and personnel at the terminal as covered within the scope of cooperation,” Tanco noted.

By The Malaysian Reserve : Tanco, CNECC to bid for logistics warehouse jobs

TANCO Holdings Bhd said its indirect wholly-owned subsidiary Tanco Builders Sdn Bhd has entered into an unincorporated joint venture agreement with CNECC Engineering (Malaysia) Sdn Bhd (CNECC) to source and bid for logistics warehouse and mega-storage construction projects in Malaysia.

The agreement was signed on Dec 23, with both parties combining resources to secure overall contracts, with Tanco Builders leading negotiations, stakeholder coordination and project management.

CNECC will provide technical expertise and resources covering value engineering, procurement, construction and commissioning, and may provide corporate guarantees where required for project delivery.

The company said in a filing that the arrangement is aimed at broadening its construction profile beyond its existing mix by targeting large-format logistics and storage developments.

CNECC, ultimately owned by China Nuclear Industry HuaXing Construction Co Ltd, is involved in building construction and project management.

Tanco rose 2 sen to RM1.15 today, up 1.77%, valuing the group at RM7.05 billion. — TMR

By The Star : Tanco signs RM3.53bil EPC framework Smart AI Container Port

PETALING JAYA: Tanco Holdings Bhd has entered into a heads of agreement (HOA) with CCCC Dredging Southeast Asia Sdn Bhd (CDSA) to detail further aspects of the development of a proposed Smart AI Container Port in Port Dickson, Negeri Sembilan.

In a statement, Tanco said the HOA establishes the framework for consideration of CDSA’s appointment as the engineering, procurement and construction (EPC) contractor for the port.

“The EPC works carry a maximum contract value of RM3.53bil, subject to final design, costing, and commercial terms.

“The sea port component is expected to be constructed within three and a half years once work commences.”

CDSA is a wholly-owned subsidiary of CCCC Dredging Group Co Ltd, known globally for major marine engineering works including Yangshan Deep-Water Port and Colombo Port City.

The HOA requires CDSA to prepare detailed engineering studies, reclamation and piling methodologies, marine structure designs, costing supported by external benchmarking, and compliance plans aligned with Malaysian and international port standards. These are to be developed and finalised within the stipulated timeframe.

Kembara Kitchen

With Kembara Kitchen to pack ready-to-eat meals for disaster relief

By The Edge : Tanco partners China’s CCECC to explore transport infrastructure projects in Malaysia

KUALA LUMPUR (Oct 1): Property developer Tanco Holdings Bhd (KL:TANCO) said it has teamed up with China Civil Engineering Construction Corp (CCECC) to explore engineering, procurement and construction works and financing opportunities for transportation infrastructure projects in Malaysia.

In a filing with Bursa Malaysia on Wednesday, the group said it has, through its wholly owned unit Tanco Builders Sdn Bhd, entered into a consortium framework cooperation agreement with CCECC to establish a 51:49 joint venture.

CCECC, a state-owned enterprise holding China’s national super grade qualification for railway project contracting, is a seasoned player with extensive experience in international contracting and economic cooperation.

Tanco said the partnership is in line with its strategy to expand its building and construction portfolio into transportation infrastructure.

Once known primarily as a resort developer, Tanco has diversified beyond its core property business to pursue complementary and synergistic ventures.

Its portfolio now spans infrastructure, construction, logistics and an affiliate real estate sales agency, with the aim of building an integrated real estate solutions ecosystem. The group is also investing in high-growth healthcare and the sustainable port services sector to drive long-term expansion.

Tanco’s latest initiatives include developing a smart AI container port in Negeri Sembilan via Midports Holdings Sdn Bhd to enhance local and international trade, as well as the pharmaceutical sector through Herbitec (M) Sdn Bhd, which focuses on herbal-based health products.

Shares of Tanco rose one sen or 1.11% to close at 91 sen on Wednesday, giving the group a market capitalisation of RM5.58 billion.