<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 2): Shares in DRB-Hicom Bhd and Malakoff Corp Bhd faced contrasting fortunes this morning after the former planned to disposal in Alam Flora Sdn Bhd (AFSB) to the latter.</p></div>

<div class=newsTextDataWrapInner><p>At 9.19am, DRB rose 2.68% or 6 sen to RM2.30 while Malakoff fell 5.77% or 6 sen to 98 sen.</p></div>

<div class=newsTextDataWrapInner><p>DRB-Hicom Bhd is disposing its entire 97.37% shareholding in waste disposal management company Alam Flora Sdn Bhd to Malakoff Corp Bhd for RM944.61 million cash.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>DRB-Hicom intends to use half of the proceeds from the sale to repay its Islamic medium term notes and borrowings. It intends to use the rest for investments in existing businesses and future investment opportunities to be identified.</p></div>

<div class=newsTextDataWrapInner><p>As for Malakoff, it said the acquisition will enable it to expand its business and activities into environmental related services.</p></div>


KUALA LUMPUR (Aug 2): Shares in DRB-Hicom Bhd and Malakoff Corp Bhd faced contrasting fortunes this morning after the former planned to disposal in Alam Flora Sdn Bhd (AFSB) to the latter.

At 9.19am, DRB rose 2.68% or 6 sen to RM2.30 while Malakoff fell 5.77% or 6 sen to 98 sen.

...

Contrasting movement for DRB-Hicom and Malakoff 

Remy Cointreau's shares rose 6.8% on Friday after it reported a far smaller-than-expected fall in fourth-quarter sales, saying "significant growth" in China helped drive a surprise uptick at its cognac division.

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MYAirline Sdn Bhd will continue to retain its nominated post holders as well as key personnel, while ensuring that its air operator’s certificate (AOC) documentation remains as current as possible.

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Nestle (Malaysia) Bhd is slated to raise prices for 22 of its products starting July 1, according to the Federation of Sundry Goods Merchants Associations of Malaysia (FSGMAM).

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MOSCOW (April 25): Russia is considering downgrading the level of its diplomatic relations with the United States if Western governments go ahead with proposals to confiscate its frozen assets, state news agency RIA quoted Deputy Foreign Minister Sergei Ryabkov as saying on Thursday.

...

Russia says it may downgrade ties with US if its assets are confiscated

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Bond yields, which move inversely to prices, have climbed in recent weeks as signs of persistent inflation erode ex...

Investors brace for 5% Treasury yields as US inflation worries mount

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<p>Mercury Securities Sdn Bhd has valued ACE Market-bound Sin-Kung Logistics Bhd at 14 sen based on a 14 times financial year 2025 (FY2025) earnings per share forecast of one sen.</p>


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<p>RHB Retail Research said YTL Corp Bhd is eyeing to extend the upside movement after it staged a bullish breakout.</p>


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Wall Street stocks fall as weak GDP growth spreads rate-cut gloom

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<p>RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume.</p>


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<p>The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250 billion (RM1.28 trillion) a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested.</p>


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