Sustainable energy solutions specialist Kinergy Advancement Bhd (KAB) Group proudly announces its successful reclassification under Bursa Malaysia’ newly introduced Renewable Energy Sub-sector within the Energy and Utilities sector. This reclassification, effective 13 January 2025, was highlighted during the Renewable Energy Sub-sector Launch Event held today at Bursa Malaysia, following the Bursa Announcement on 8 January 2025 (KAB – Reclassification of Sector).
Today marks yet another milestone for Kinergy Advancement, following the prestigious recognition in TIME’s The Intelligent Investor: Special Focus on Malaysia article published on 30 December 2024. This acknowledgment reaffirms KAB’s position as a leader in the energy industry, celebrated for driving true innovation, fostering strategic growth, and consistently delivering transformative value.
“Our reclassification is a validation to the strength and clarity of our strategic vision,” stated Dato Lai Keng Onn, KAB’s Executive Deputy Chairman and Group Managing Director. “We are energised to move forward with sustainable and innovative solutions that will shape and redefine industry benchmarks.
“Our proven financial performance since embarking on diversification highlights the success of our expansion strategy, which has transformed KAB into the dynamic energy company we are today. Receiving this prestigious recognition is a reflection of our relentless pursuit of excellence and our capacity to meet the evolving demands of the energy sector.”
He continued, “This milestone reflects six years of impactful progress, marked by our consistent alignment of operations and values. It is an honour to be recognised for our expertise and dedication, as we remain committed and continue to drive innovation in the energy industry.”
Leong See Meng, Director of Origination & Listing at Bursa Malaysia, remarked, “The reclassification under the Renewable Energy Sub-sector underscores the immense potential of Malaysia’s renewable energy landscape. Private sector innovation will be instrumental in achieving the nation’s ambitious goal of reaching 70% renewable energy capacity by 2050.
“This milestone enhances visibility for listed companies and fosters collaboration and innovation. I also extend my gratitude to all stakeholders for their unwavering support, hard work and dedication in making this progress possible.”
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