<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 14): China Automobile Parts Holdings Ltd (CAP) has been issued a notice to show cause by Bursa Malaysia Securities Bhd, on the commencement of trading suspension for failing to reissue its audited financial statements for the financial year ended Dec 31, 2015 within a month from June 5.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia, CAP said the notice was issued on July 10.</p></div>

<div class=newsTextDataWrapInner><p>CAP said it is also required to reissue the audited financial statements 2015 within six months from July 5, which is on or before Jan 4, 2018, failing which the regulator would commence delisting procedures against it.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>On June 19, Bursa Securities directed CAP to have its financial results for the first quarter ended March 31, 2017 (1QFY17) reviewed by its external auditor.</p></div>

<div class=newsTextDataWrapInner><p>It raised concerns the quarterly report may not be accurate or reliable, due to the withdrawal by PKF Malaysia Sdn Bhd on May 25 of its audit report for CAP’s 2015 financial statements, and concerns raised by the auditor regarding CAP’s 2016 financial statements.</p></div>

<div class=newsTextDataWrapInner><p>Trading of its shares has been suspended effective June 8, after it failed to submit the 1QFY17 report to the local bourse for public release within the stipulated timeframe.</p></div>


KUALA LUMPUR (July 14): China Automobile Parts Holdings Ltd (CAP) has been issued a notice to show cause by Bursa Malaysia Securities Bhd, on the commencement of trading suspension for failing to reissue its audited financial statements for the financial year ended Dec 31, 2015 within a month fro...

China Automobile gets show cause notice for failure to reissue financial statements

HHRG Bhd, formerly known as Heng Huat Resources Group Bhd, aims to raise between RM16.1 million and RM18.14 million through a private placement of up to 10% of its expanded issued share capital to yet-to-be identified third-party investors, at a price to be fixed.

HHRG plans to raise up to RM18.14m via placement for working capital

In today’s edition of Evening 5: 00:00 Eight contractors face possible MyCC fines for bid rigging 01:36 Capital A’s unit in RFQ process for SriLankan Airlines 02:47 Topmix eyes northern region for expansion, has solid ACE Market debut 04:22 Crest Builder bags RM486 mil condo project in Mt Kiara 05:33 Gadang to lodge appeal over Bumi equity requirement

EVENING 5: Eight contractors face possible MyCC fines for bid rigging

EVENING 5: Five things you need to know today

US business activity cooled in April to a four-month low due to weaker demand, while rates of inflation eased slightly even as input prices rose sharply, suggesting some possible relief ahead as the Federal Reserve looks for signs that the economy is ebbing enough to bring inflation down further.

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Inta Bina Group Bhd has bagged a contract worth RM169.67 million to develop a service apartment project in Country Heights.

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KOTA KINABALU (April 23): The Kibing Group has successfully exported its inaugural batch of solar glass manufactured in Sabah, totalling 672 tonnes, to Cambodia last Sunday (April 21).

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US oil and gas deals hit a record US$51 billion (RM243.6 billion) in the first quarter, a continuation of last year's fierce merger pace centered in the top US shale field, data provider Enverus said on Tuesday.

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KOTA KINABALU (April 23): The Sabah government has not imposed state sales tax and the Royal Malaysian Customs Department has also not levied export duties on gold taken out of Sabah to Peninsular Malaysia, the Sabah State Legislative Assembly was told on Tuesday.

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Office furniture maker AHB Holdings Bhd’s foray into the electric vehicles (EV) business has encountered a setback as its planned acquisition of a 51% stake in automotive distributor CAF Motor Sdn Bhd was mutually terminated.

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KOTA KINABALU (April 23): A total compensation of RM651 million has been paid to 1,591 landowners and stakeholders involved in the construction of the Pan Borneo Highway project in Sabah.

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<p>The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.</p>




Najib's 1MDB-Tanore trial live reporting (April 23)

<p>Ten members of the Royal Malaysian Navy (RMN) were confirmed dead in an incident where two helicopters collided and crashed at the Royal Malaysian Navy (RMN) base in Lumut, Perak on Tuesday morning.</p>


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<p>Healthcare stocks still have legs to run following a recent rally and investors should continue to buy hospital operators for their further earnings growth this year, analysts said.</p>


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<p>Eight contractors face possible Malaysia Competition Commission (MyCC) fines for alleged bid rigging in 2019, in respect of two tenders of the Public Works Department (JKR) and one tender of the Department of Drainage and Irrigation.</p>


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<p>Indonesian President Joko Widodo and his son, incoming vice-president Gibran Rakabuming Raka, are no longer members of the country's largest party after they backed rival candidate and election winner Prabowo Subianto, a party official said on Tuesday.</p>


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<p>ATX Semiconductor Group, a globally renowned semiconductor provider from China, intends to ramp up investment to US$200 million (RM952 million) for its new manufacturing plant in Melaka over the next five years for its second-phase business expansion.</p>


ATX Semiconductor to boost investment in Melaka to RM952m

<p>Malaysia’s construction tender prices are&nbsp;expected to grow by 3% in 2024, compared to the previous year, driven by various factors such as project type, industry procurement strategy and currency fluctuations, according to a report by global professional services company Turner &amp; Townsend.</p>


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<p>Moomoo Malaysia, an online trading platform, garnered 100,000 clients within six weeks of its launch, making it one of the most downloaded financial mobile applications in Malaysia.&nbsp;</p>


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<p>Former Umno Supreme Council member Hizatul Isham Abdul Jalil or better known as Isham Jalil has offered to make an unreserved apology to bring an end to his contempt of court proceedings.</p>


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<p>Swatch Group (M) Sdn Bhd&nbsp;said the seizure of its 172 rainbow-themed watches had caused much grief to its international reputation, as the renowned Swiss watch maker had always been dutiful citizens of any state where the watches were sold.</p>


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<p>KUALA LUMPUR (April 23): Malaysia has emerged as the most significant country within Asean for businesses to venture into, as shown by the UOB Business Outlook Study 2024 (SMEs &amp; Large Enterprises).</p>


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<p>KUALA LUMPUR (April 23): Former Sapura Energy Bhd chief executive officer Tan Sri Shahril Shamsudin has settled his defamation lawsuit against Economics Minister Rafizi Ramli out of court.</p>


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<p>Cypark Resources Bhd said on Tuesday that its 100MW Large Scale Solar 3 (LSS3) hybrid solar plant project in Merchang, Terengganu, will transition to full commercial operations by next month.</p>

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<h3><strong><span style="color:#d35400;">MyEG Services Bhd</span></strong></h3>

<p>Target price: <strong>RM1.15 <span style="color:#27ae60;">ADD</span></strong></p>

<div class="mt-3 imgw-300 embed-right"><a class="mobx embedimg-icon" data-desc="xxx" data-rel="ceolightbox" href="//myassets.thee...

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<p>CONSTRUCTION firm GDB Holdings Bhd — which has been embroiled in disputes with KSK Group in the last two years over the development of the 8 Conlay project in Kuala Lumpur — appears to be back on investors’ radar, judging by the recent upward trend in its share price.</p>

<p>According to marke...

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<p>Bursa Malaysia continued its upbeat momentum to end higher for the fifth consecutive day on Tuesday, thanks to buying from local and foreign institutions, said an analyst.&nbsp;</p>


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<p>PETALING JAYA (April 23): Tropicana Corp Bhd is partnering with Maybank Islamic Bhd to provide a home financing solution called Maybank Islamic’s HouzKEY.&nbsp;</p>


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<p>While Sapura Energy Bhd has resolved one key condition of its reset plan, analysts did not change their recommendations on the group, as there is still an arduous journey ahead for the group to address its balance sheet position.</p>


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<p>Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is still in the pre-qualification stage for the acquisition of national carrier SriLankan Airlines.&nbsp;</p>

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<p>Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence (AI) chips through resellers, despite the US widening a ban last year on the sale of such technology to China.</p>
