CAPE EMS Bhd, a Main Market-listed electronic manufacturing services (EMS) solutions provider with global presence, has reiterated its commitment to its smart infrastructure and renewable energy project in Perak following recent market speculation surrounding the downward share price movement of Perak Transit Bhd (PTRANS).
The group which is also an engineering solutions provider with a growing footprint in renewable energy (RE) and smart infrastructure clarified that its collaboration with PTRANS is limited to the jointly announced initiative involving the development of smart bus stop systems and an electric vehicle (EV) Hub in Ipoh.
As the project aligns with Malaysia’s sustainable mobility and clean energy transition goals, the group stressed that the decline in PTRANS’s share price has no impact on the financial standing, operations or project execution capacity of Cape EMS.
Furthermore, Cape EMS has no direct or indirect shareholding in PTRANS nor has it undertaken any share dealings with the latter.
In fact, Cape EMS’s role in the collaboration focuses on the engineering, design, assembly, installation, testing and commissioning of systems and infrastructure under its scope of work.
As such, the group remains financially and operationally independent in executing its deliverables, supported by its strong balance sheet and sustainable cash flow position.
“Our collaboration with PTRANS is a project-based partnership cantered on smart infrastructure and RE in Perak,” commented Cape EMS’ group CEO Christina Tee Kim Chin.
“It is not an investment or equity arrangement. The recent share price volatility in PTRANS does not influence Cape EMS’s operations, finances or obligations.”
Added Tee: “The project aligns with Cape EMS’s broader ambition to expand into RE, smart infrastructure and energy storage systems (BESS) as part of the group’s diversification strategy.”
Cape EMS’ continued commitment is further supported by policy tailwinds under Budget 2026 which outlines a targeted suite of sustainability-linked incentives.
These include the continuation of the Green Technology Financing Scheme (GTFS 5.0) with RM1.0 bil in financing and government guarantees of up to 80% for waste sector projects and 60% for other green sectors such as energy, water, transport and manufacturing.
Moreover, Budget 2026 also reinforces the National Energy Transition Roadmap (NETR) through allocations for large-scale solar initiatives under the LSS6 programme (targetting 2GW capacity), the Corporate Renewable Energy Scheme (CRESS) with an expected RM3.5 bil in investments, and an additional 300MW quota under the Feed-in Tariff (FiT) programme.
Against this backdrop, Cape EMS remains confident in its ability to contribute meaningfully to Malaysia’s low-carbon agenda while continuing to deliver long-term value to its clients, partners and shareholders.
At the end of today’s (Oct 23) mid-day trading, Cape EMS was unchanged at 29 sen with 1.19 million shares traded, thus valuing the company at RM288 mil. – Oct 23, 2025
