Hb Global Limited

Investment Ideas: HB Global Embarks on AI-Driven Agriculture Initiative in Pahang

HB Global Limited, listed on the Main Market of Bursa Malaysia, has announced a joint venture with HIS Holdings Sdn Bhd to develop an AI-powered agriculture and plantation project on a 500-acre site in Pekan, Pahang.

Under the agreement, HB Global will hold a 55% stake in the joint venture entity, HB Global Capital Sdn Bhd (HBGC), while HIS Holdings will own 45%. The venture represents a significant step towards modernising agricultural practices through advanced technology.

The project, which involves an investment of up to RM9.0 million, will leverage artificial intelligence to monitor and optimise factors such as soil quality, climate conditions, and crop health.

This is expected to increase yields, enhance efficiency, and improve plantation output. IoT devices and sensors integrated with AI analytics will provide real-time insights, reducing reliance on manual labour and ensuring resource optimisation.

Technology Partnership with Work At Cloud

To support the implementation, HB Global has partnered with Work At Cloud Sdn Bhd, a Malaysian technology firm specialising in AI enterprise solutions. With over 20 years of experience, Work At Cloud has a proven track record of delivering agricultural projects that reduce harvest cycles and optimise costs.

The technology deployed in this project will also enable traceability, promoting sustainable farming practices and ensuring food safety.

This project aligns with Malaysia's push towards sustainable and technology-driven agriculture, as highlighted in the MADANI government’s initiatives. Budget 2025 allocated RM6.42 billion to the Ministry of Agriculture and Food Security, reflecting a strong commitment to revitalising the sector. HB Global’s focus on AI-powered agriculture supports this vision by contributing to enhanced productivity and food security.

Next Steps for HB Global

HB Global aims to position the Pahang project as a model for modern farming in Malaysia, with the potential to scale similar initiatives nationwide. By combining its expertise in upstream agriculture with HIS Holdings' resources, the Group is taking a significant step toward advancing Malaysia’s agricultural sector.

This development marks a strategic move for HB Global as it strengthens its footprint in the agriculture industry while exploring innovative solutions to meet evolving market demands.

$HBGLOB / 5187 (HB GLOBAL LIMITED)

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KEH CHUAN SENG

Notice of Person Ceasing (Section 139 of CA 2016) - KEH CHUAN SENG

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Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR KEH CHUAN SENG

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

Change in Boardroom - MISS LEW SEH LI

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AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN : MATERIAL UNCERTAINTY RELATED TO GOING CONCERN

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Change of Address

Quarterly rpt on consolidated results for the financial period ended 31/12/2023

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Change in Remuneration Committee - MR CHAN KAY DING

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSHB GLOBAL LIMITED ("HBGL" OR THE "COMPANY")

PROPOSED ACQUISITION BY HBGL OF 100% EQUITY INTEREST IN KK FRESH FROZEN SDN BHD FOR A PURCHASE CONSIDERATION OF RM30.0 MILLION TO BE SATISFIED WHOLLY BY ISSUANCE OF 200,000,000 NEW ORDINARY SHARES IN HBGL ("SHARES" OR "HBGL SHARES") ("CONSIDERATION SHARES") AT AN ISSUE PRICE RM0.15 PER CONSIDERATION SHARE ("PROPOSED ACQUISITION")

Quarterly rpt on consolidated results for the financial period ended 30/09/2023

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSHB GLOBAL LIMITED ("HBGL" OR THE "COMPANY")

PROPOSED ACQUISITION BY HBGL OF 100% EQUITY INTEREST IN KK FRESH FROZEN SDN BHD FOR A PURCHASE CONSIDERATION OF RM30.0 MILLION TO BE SATISFIED WHOLLY BY ISSUANCE OF 200,000,000 NEW ORDINARY SHARES IN HBGL ("SHARES" OR "HBGL SHARES") ("CONSIDERATION SHARES") AT AN ISSUE PRICE RM0.15 PER CONSIDERATION SHARE ("PROPOSED ACQUISITION")

Quarterly rpt on consolidated results for the financial period ended 30/06/2023

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSHB GLOBAL LIMITED ("HBGL" OR THE "COMPANY")

PROPOSED ACQUISITION BY HBGL OF 100% EQUITY INTEREST IN KK FRESH FROZEN SDN BHD FOR A PURCHASE CONSIDERATION OF RM30.0 MILLION TO BE SATISFIED WHOLLY BY ISSUANCE OF 200,000,000 NEW ORDINARY SHARES IN HBGL ("SHARES" OR "HBGL SHARES") ("CONSIDERATION SHARES") AT AN ISSUE PRICE RM0.15 PER CONSIDERATION SHARE ("PROPOSED ACQUISITION")

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSHB GLOBAL LIMITED ("HBGL" OR THE "COMPANY")

PROPOSED ACQUISITION BY HBGL OF 100% EQUITY INTEREST IN KK FRESH FROZEN SDN BHD FOR A PURCHASE CONSIDERATION OF RM30.0 MILLION TO BE SATISFIED WHOLLY BY ISSUANCE OF 200,000,000 NEW ORDINARY SHARES IN HBGL ("SHARES" OR "HBGL SHARES") ("CONSIDERATION SHARES") AT AN ISSUE PRICE RM0.15 PER CONSIDERATION SHARE ("PROPOSED ACQUISITION")

Additional Listing Announcement /Subdivision of Shares

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISINGHB GLOBAL LIMITED ("HB GLOBAL" OR THE "COMPANY")

PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN HB GLOBAL PURSUANT TO THE GENERAL MANDATE OBTAINED FROM THE COMPANY'S SHAREHOLDERS ("PRIVATE PLACEMENT")

General Meetings: Outcome of Meeting

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSHB GLOBAL LIMITED ("HBGL" OR THE "COMPANY")

PROPOSED ACQUISITION

Quarterly rpt on consolidated results for the financial period ended 31/03/2023