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ace holdings
By JOE MAILLET 310 views
FINANCE

ACE Holdings Make A Debut as A Market Listed Firm

When it comes to the Malaysian energy sector, it’s not only the government that actively contributes to this sector. Many firms in Malaysia have started to venture into the energy sector. They do so to improve the provision of energy to the citizens. This has reduced the burden on the Malaysian government to provide sufficient energy for its citizens. Firms like Ace Holdings and its market-listed company called Ace Market MNHB have also ventured into the energy sector. Their goal is to provide an efficient and reliable source of energy to Malaysians. They want to explore alternative means of energy production apart from fuel or petroleum. The alternative energy source they have selected is solar energy power. Solar energy is obtained from a natural source called the sun. Energy experts will devise a way to harness energy from sunlight.

About Ace Holdings

ACE Holdings, a parent firm of Ace Group is an investment holdings firm that has many innovative business ideas. ACE Group was established over three decades ago and it has continued to prosper since then. Its founding motto is to effectively utilize the diverse resources at its disposal. ACE is worth more than one billion Malaysian currency in the market. It has several investments in public limited firms all over Malaysia.

Furthermore, the group has a global presence in different sectors in the international market. ACE is renowned for its diverse business portfolios which have given it an edge over other firms. The firm has ventured into real estate, IT, Multimedia tech, movie production, finance, and so on.

Ace relates well with its customers and cherished these relationships for a long time. Part of cherishing and keeping its customers’ trust is creating and developing high-quality products. The firm also prides itself in providing excellent services to its customers. Additionally, ACE Group provides solutions to customers’ problems and fulfills their needs.

Not only that, ACE workers serve people that have no access to innovative products. They enrich people’s lives no matter their economic situation.

Basically, all ACE firms give ideas and methods that are personalized according to each customer’s needs.

Ace Holdings Goals and Objectives

ACE Holdings strive to:

  • Establish useful organizational structures that can utilize the firm’s resources. This will ensure that the firm maintains its quality products and excellent services.
  • Research and consistently integrate new technologies into the firm’s operations. This will not affect their relationship with their customers.
  • Use systems and business strategies that have been tested for their reliability in their business operations. Ensure the efficient use of these business strategies to satisfy their customers.
  • Provide unique services to all their stakeholders and shareholders.
  • Maintain good business ethics, standards, and integrity.
  • Never take the customers’ trust for granted.
  • Actively contribute to the nation’s economy. They have created job openings for the people and developed the local communities.

ACE Holdings Berhad Board of Directors

ACE Holdings Berhad has a board of directors. They are:

  • The Eminent Shareholder: Tuan Yang Terutama Tun Dato’ Seri Utama Ahmad Fuzi Bin Haji Abdul Razak.
  • Group Managing Director: Ybhg. Tan Sri Dato’ Seri Dr. Ting Chew Peh.
  • Group Chairman: Chang Ai Nee, Annie.
  • Group Executive Director: Choong Chee Meng, Calvin.
  • Group Director, Group Managing Director Office: Yeo Wee Sun, Sunny.

ACE Holdings debut in the market

ACE has been listed in the market as ACE Market MN Holdings. The listed firm has gotten over 17 million RM through IPO. Shares worth millions of RM were privately put on the market for specific buyers.

ACE intends to use more than 30 percent made from the sales of the shares to purchase equipment and machines. The firm has started the tender for big solar substation works. They will coordinate and manage the big project and make sure it is successful. They are in charge of designing the engineering aspect of the project too. They vow to avoid the use of substandard materials that will comprise their work and integrity.

Can Ace Market and MNHB Handle This Big Project?

Yes, they can. Ace market and MNHB have the resources and abilities to get the project. They have histories of successfully completing such projects. MNHB has successfully subcontracted projects to construct, engineer, procure and commission solar substations. They actively collaborate with the major contractors for these projects to develop high-class solar substations. These major contractors have also previously completed big energy projects successfully in the past.

Furthermore, Ace Market has underground energy specialists who have the capabilities to work on energy projects. The firm can supervise and manage the project and ensure the efficient use of resources. They can find the resources needed to start, develop, install, and commission the energy substations.

Conclusion

MNHB debuted on the Malaysian ACE Market as part of Ace Holdings group of companies. It went sold its shares for 5 send, which makes it affordable for investors to buy the shares. So, if you are interested in venturing into the energy market, you can buy MNHB and ACE Market shares today. To have a more diverse portfolio, invest in the ACE group and get another source of income.

Joe Maillet
Author
JOE MAILLET

Joe Maillet is an avid reader and a writer by heart. He is an author, freelance writer and a contributor writer, who write articles and blogs for various leading online media publications and for CEO and entrepreneurs from across the world. He keeps himself updated with the latest marketing trends and always recognized in the industry for providing solutions to B2B and B2C businesses.