KUALA LUMPUR: Sustainable energy solutions provider Kinergy Advancement Bhd (KAB) has been reclassified under Bursa Malaysia’s newly introduced renewable energy sub-sector within the energy and utilities sector.
This reclassification was emphasized in the recent launch of the Renewable Energy Sub-sector Program at Bursa Malaysia, starting from January 13, 2025, following the announcement made on January 8, 2025.
This reclassification marks another milestone for KAB, following its prestigious recognition in TIME’s The Intelligent Investor: Special Focus on Malaysia, published on December 30, 2024.
This approval confirms KAB’s position as a leader in the energy industry.
The company is celebrated for fostering true innovation, driving strategic growth and consistently delivering transformational value.
Executive vice-president and group managing director Datuk Lai Keng Onn said KAB’s reclassification validates the strength and clarity of the company’s strategic vision.
“We are energetic to move forward with sustainable and innovative solutions that will shape and redefine industry standards.
“Our proven financial performance since embarking on diversification highlights the success of our expansion strategy, which has transformed KAB into the dynamic energy company it is today.
“Receiving this prestigious recognition is a reflection of our continued pursuit of excellence and our ability to meet the growing demands of the energy sector,” he said in a statement.
He said this milestone reflects six years of impressive progress, marked by continued alignment of the company’s operations and values.
“It is an honor to be recognized for our expertise and dedication as we remain committed and driving innovation in the energy industry,” he said.
Bursa Malaysia origination and listing director Leong See Meng said the reclassification under the renewable energy sub-sector underlines the huge potential of Malaysia’s renewable energy landscape.
He said private sector innovation will be instrumental in achieving the country’s ambitious target of reaching 70% renewable energy capacity by 2050.
“This milestone increases visibility for listed companies and promotes collaboration and innovation.
“I express my gratitude to all stakeholders for their unwavering support, hard work and dedication in making this progress possible,” he said.
