<div class=newsTextDataWrapInner>This article first appeared in The Edge Financial Daily on November 17, 2017</div><div class=newsTextDataWrapInner>KUALA LUMPUR: Grand Hoover Bhd said its major shareholder and certain directors have been approached by a few parties interested in acquiring a substantial stake in the company, as well as to possibly form joint ventures with it to tap certain business opportunities.</div>

<div class=newsTextDataWrapInner>Discussions are still at the preliminary stage and no agreements or conclusions have been reached, the company said in a Bursa Malaysia filing in response to an unusual market activity (UMA) query from the regulator yesterday. The UMA query was issued after Grand Hoover’s counter hit a multi-year high, gaining the maximum one-day limit of 30 sen or 48.39%, to 92 sen, before trading of its shares were halted at 4.18pm after 5.99 million shares were traded — making it the fourth-biggest gainer across the bourse. Trading of its shares will resume today.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>As at June 30, 2017, Grand Hoover managing director Sim Cheng Young is the largest single shareholder and controls a 39.94% stake, of which 10.38% is indirectly held.</div>

KUALA LUMPUR: Grand Hoover Bhd said its major shareholder and certain directors have been approached by a few parties interested in acquiring a substantial stake in the company, as well as to possibly form joint ventures with it to tap certain business opportunities.

Discussions are sti...

‘Buy offer  received by Grand Hoover’s major shareholder’

Former prime minister Tun Abdullah Ahmad Badawi was admitted to the National Heart Institute (IJN) at 3pm on Wednesday to undergo his weekly physiotherapy session and is in good and stable condition.

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BEIJING (April 25): Nissan Motor and Mazda Motor unveiled new cars tailored for Chinese drivers on Thursday, signalling a fresh push by Japanese automakers to regain ground in the world's largest auto market.

The models, including some concept cars, were introduced at the Beijing auto s...

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KUALA LUMPUR (April 25): Former prime minister Datuk Seri Najib Razak had never instructed 1Malaysia Development Bhd’s (1MDB) management to transfer a total US$1.03 billion to Good Star Ltd, a company linked to the fugitive Low Taek Jho (Jho Low), the court heard on Thursday.

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IOI Properties Group broke ground on Thursday for Senna Puteri, its latest township development located in Sepang, Selangor. The developer is looking to launch 386 units of townhouses in its first phase before the end of the second quarter.

Spanning 117 acres in southern Klang Valley, the 12-phase Senna Puteri will be developed over the next 10 years, offering residential, commercial, recreational areas, green spaces, community hall, surau and more. It has a gross development value (GDV) of over RM3 billion.

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KUALA LUMPUR (April 25): The Employees Provident Fund (EPF) members, who are below 55 years old, will have an Account 3, in addition to the existing two accounts for their retirement savings, starting May 11.&nbsp;

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Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders.

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Maybank IB is the first from a total of fi...

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Malaysia’s consumer inflation came in lower than expected in March from a year earlier as prices of healthcare and food rose at a slower pace, official data on Thursday showed.

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RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend after the recent consolidation above the 97.5 sen breakout level.

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Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments.

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The Court of Appeal has allowed a bid by Tan Sri Muhyiddin Yassin to have a bench of five judges to hear his review application to restore his acquittal by the High Court of four of his abuse of power charges last year.

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