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Daily Express
10-06-2025
- Daily Express
KTMB blames cable theft for train delays up north, plans RM12.8 million prevention upgrade
Published on: Tuesday, June 10, 2025 Published on: Tue, Jun 10, 2025 By: Bernama Text Size: Since 2024, KTMB's total losses from cable theft in the northern sector has reached RM1.44 million, comprising RM1.28 million in 2024 and RM162,000 as of March 2025. — File picture by Hari Anggara Kuala Lumpur: Cable theft involving the signalling and communication systems on three Keretapi Tanah Melayu Berhad's (KTMB) northern routes today has caused disruption and train delays of more than 60 minutes for both the Northern Komuter and Electric Train Services (ETS). KTMB in a statement said among the affected locations were the Tapah Road - Sungkai (KM250.5) route with approximately 200 metres of cable stolen, Kamunting - Bukit Merah - Bagan Serai (KM87.25) with 110 metres stolen, and Simpang Ampat - Bukit Mertajam (KM15.5) with 40 metres affected. Advertisement The incident disrupted train operations, causing significant delays of between 80 and 115 minutes involving the following services; EP9172 (KL Sentral - Butterworth), EG9321 (Butterworth - Segamat), EX9107 (Butterworth - KL Sentral), EX9207 (Padang Besar - KL Sentral), and EG9420 (Segamat - Padang Besar). In addition, the Northern KTM Komuter service on the Ipoh - Butterworth - Ipoh route was also affected, with average delays of 30 minutes. KTMB said early notifications of the disruptions were sent to passengers via SMS and KTMB's official social media platforms. KTMB chief operating officer Mohd Zain Mat Taha in the same statement said 45 cases of cable theft have been recorded in the northern sector from January to May this year. 'This type of theft amounts to sabotage of railway infrastructure and could threaten the safety of hundreds of passengers while also crippling public transportation,' he said. As a mitigation measure, KTMB announced a plan to upgrade its signalling network, involving an estimated cost of RM12.8 million annually over the next three years, with a focus on hotspot areas. Among the planned improvements are installing manhole covers with special locking mechanisms at 21 locations, enhancing surveillance and prevention infrastructure including CCTV cameras and drones, and installing anti-climb security fencing. Additionally, he said monitoring and patrols by KTMB Auxiliary Police with cooperation from the Royal Malaysia Police (PDRM) would be intensified in hotspot areas to curb theft. 'We (KTMB) would like to call for the public's cooperation to report any suspicious activity to the authorities in order to combat such crime. 'We also apologise for any inconvenience experienced by passengers and remain committed to ensuring train service safety and reliability in the interest of the people and the country,' he added. Since 2024, total losses from cable theft in the northern sector has reached RM1.44 million, comprising RM1.28 million in 2024 and RM162,000 as of March 2025. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
New Straits Times
24-04-2025
- Business
- New Straits Times
Binastra to acquire 51pct stake in LF Lansen for up to RM44.8mil
KUALA LUMPUR: Binastra Corporation Bhd is acquiring a 51 per cent stake in mechanical and electrical solutions provider LF Lansen Sdn Bhd for up to RM44.8 million in cash, to be paid in three stages. LF Lansen specialises in thermal energy storage (TES) systems for district cooling plants and buffer tanks for data centres, as well as providing engineering, procurement, construction and commissioning (EPCC) services for industrial ventilation, air-conditioning and mechanical ventilation. In a statement today, Binastra said it will purchase a 40.8 per cent stake for RM15 million cash in the first stage, of which RM12.8 million will go towards subscribing for new LF Lansen shares, while the remaining RM2.2 million will be used to acquire existing shares from the vendor. "In the second stage, Binastra has been granted a call option to acquire an additional 10.2 per cent equity interest in LF Lansen from the vendor, at a valuation based on eight times the price-to-earnings multiple of its audited profit after tax (PAT) for the financial year ended March 31, 2025 (FY2025), with the exercise price capped at RM8.7 million. "Upon exercising the call option, Binastra would hold a 51 per cent controlling stake in LF Lansen," it added. In the third stage, should LF Lansen achieve a PAT of RM10 million for each of the three financial years from FY2025 to FY2027, the vendor will be entitled to an earn-out payment of RM5.9 million per annum, totalling RM17.6 million over the three years. Binastra said the transaction is expected to be completed in the second half of 2025. As of end-March 2025, LF Lansen's outstanding order book stood at RM43 million, with several construction contracts currently under negotiation. Binastra managing director Datuk Jackson Tan Kak Seng said the acquisition will enhance the company's EPCC capabilities and expand its presence in energy-efficient engineering solutions. "Binastra will gain immediate access to the energy efficiency space, which includes TES systems and buffer tanks. "The acquisition will also broaden Binastra's exposure to the emerging data centre space in ASEAN countries through the design and supply of buffer tanks," he added.
