U.S. Stock Futures Flat Ahead of July CPI Data 
OpenAI Executive Brad Lightcap to Leave for New AI Venture 
Oil, Gold Rise as Geopolitical Risks Grip Markets Ahead of U.S. CPI 
Bill Ackman’s Pershing Square Returns to Netflix With Major New Stake 
JPMorgan Plans More Asia-Pacific Hiring in 2027 as Corporate Banking Revenue Surges 
Bank of America to Buy Up to 49.9% Stake in Jio Credit for $1.92 Billion 
Pandora Shares Rise as Q2 Results Beat Forecasts, 2026 Outlook Raised 
ANZ Home Loan Applications Drop 12% After Australia Property Tax Changes 
England Drought Expands to 71% as Heatwave Deepens Water Crisis 
Iran War Escalates as US, Houthis Target Ships Near Key Oil Routes 
Dollar Steady as Markets Await U.S. Inflation Data 
Gold Price Hits Two-Month High as Investors Await US Inflation Data 
Super Micro Stock Jumps 19% as AI Server Demand Drives Strong 2027 Outlook 
Oil Prices Rise as Hormuz Tensions Threaten Global Supply 
Oil Prices Slide as OPEC, IEA Cut 2026 Demand Forecasts 
Gold Prices Rise as Fed Rate Hike Bets Ease 
Australia Housing Crisis Deepens as Worker Shortages Delay Homebuilding 
Add as a preferred source on Google
SK ecoplant, SK Group’s engineering, and construction division, purchased a 30% stake in Cenviro, a Malaysian state-owned and operated waste management company, as part of its business strategy to expand its environmental business in the international market.
As per The Korea Herald, SK ecoplant signed a share purchase agreement on Friday, May 20, with Khazanah Nasional Berhad, a Malaysian sovereign wealth fund, to acquire 30% of Cenviro shares. It was the waste management company that built the first integrated waste management center in Malaysia in 1998.
Cenviro is currently operating the nation’s only waste landfill and incineration plant. It was reported that with the fast-growing population of Malaysia, the company was able to report $120 million in sales for last year.
Now, the Cenviro share is the latest purchase of SK ecoplant, and this move is part of its investments to speed up its bolt-on scheme and make inroads into the North American and European markets. It was noted that prior to this deal, the Korean firm also struck an agreement to buy TES – Sustainable Technology Lifecycle Solutions which is Singapore’s electronic waste management firm, in February.
Apparently, SK ecoplant has been expanding its eco-friendly biz since 2020, and in fact, it has also taken over nine environment-related enterprises in South Korea. An official at SK ecoplant stated that on the basis of this strategic partnership, the company would make Malaysia the foothold for the Southeast Asian environmental market. From here, they will be expanding the business to Indonesia and Singapore.
“Choosing SK ecoplant as a strategic partner in an open bid with participation from global firms demonstrates SK ecoplant’s competitiveness in environmental operations,” Park Kyung Il, SK ecoplant’s chief executive officer, said in a statement with regards to its deal with Khazanah Nasional for Cenviro.
The CEO added, “As Korea’s No.1 environment-related enterprise, SK ecoplant will accumulate new technology and methods of approach to export platforms and solutions that can be applied to environmental operations.”
Finally, The Malaysian Reserve reported that Khazanah Nasional said that once the share purchase deal is completed, the strategic partnership will see SK ecoplant own a 30% stake in Cenviro. On the other hand, Khazanah will continue to be a majority stakeholder of the waste management company.
