<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 28): Dagang NeXChange Bhd's (DNeX) stock and warrants were up in active trading&nbsp;this morning after a report saying Foxconn Technology Group was in talks to buy a stake in the group.</p></div>

<div class=newsTextDataWrapInner><p>This morning, DNeX shares were unchanged at 80 sen, with 60.35 million shares traded, giving it a market capitalisation of RM1.9 billion.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>It was the tenth most actively traded counter on the local bourse.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Meanwhile, its warrants dipped half a sen or 1.72% to 28.5 sen, with 64.58 million shares changing hands, placing it in sixth place among the top actives.</p></div>

<div class=newsTextDataWrapInner><p>Yesterday, it was reported that Foxconn was eyeing a stake in the group after it lost its bid to DNeX for semiconductor SilTerra Malaysia Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>"The main assembler of Apple Inc’s iPhones could take a minority stake in DNeX and help to expand the business of its chipmaker SilTerra Malaysia Sdn Bhd, one of the people said, asking not to be identified as the matter is private. DNeX landed the winning offer in the sale of SilTerra in February, outbidding Foxconn," reported <em>Bloomberg</em>.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://www.theedgemarkets.com/article/foxconn-talks-buy-stake-dnex-%E2%80%94-sources" target="_blank">Foxconn in talks to buy stake in DNeX — sources</a></em></p></div>


Dagang NeXChange Bhd's (DNeX) stock and warrants were up in active trading this morning after a report saying Foxconn Technology Group was in talks to buy a stake in the group.

DNeX stock, warrants in heavy trading after report of Foxconn in talks to buy stake

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<p>KUALA LUMPUR (April 30): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday (April 29):</p>

<p>QSR Brands and KFC Malaysia confirmed it suspended operations of its outlets to manage costs, amid news that over 100 of its outlets have ceased...

QSR Brands, Nestle, ViTrox, LPI Capital, Ajiya, YTL REIT, Tex Cycle, Gadang, HHRG, Sapura, MSC, Capital A, BSL, Oppstar

<p>Following reports that over 100 KFC outlets have been temporarily closed after about half a year of boycott movement, QSR Brands (M) Holdings Bhd and KFC Holdings (M) Bhd (KFC Malaysia) said they suspended the operations of the outlets to manage increasing business costs amid challenging economic conditions, and to focus on high engagement trade zones.&nbsp;</p>


QSR confirms temporary closure of KFC outlets, says it is to manage rising costs

<p>YNH Property Bhd on Monday made a belated announcement about transactions involving its 6.49-acre land in Segambut, which it had inked an agreement in September last year to sell for RM59.58 million but revoked last week to have Chin Hin&nbsp;Group Property Bhd develop the plot in return for at least RM52 million.</p>


YNH makes belated announcement about transactions involving its Segambut land

<p>The Genting group companies' operations have recovered from the impact of the Covid-19 pandemic, and its earnings are expected to further grow, albeit more gradually, according to S&amp;P Global Ratings.</p>


S&P: Genting's operations have recovered from impact of pandemic, earnings to further grow

<p>Kossan Rubber Industries Bhd has clarified that the fire at a paint factory in Meru Industrial Park, Klang on Monday (April 29) had no impact on operations at its rubber glove factories.</p>


Fire outbreak at paint processing plant 'has nothing to do with Kossan Rubber Industries', says MD

<p>The regular market for US equities runs for 390 minutes on a standard trading day. But at the rate things are going, eventually the last 10 might be the only ones that matter.</p>


Increasingly, only last 10 minutes of US stock trading matter

<p>YTL Hospitality REIT (YTL REIT) is planning to develop a hotel in Hokkaido, Japan, for an estimated total cost of RM199 million.</p>


YTL REIT to develop a Moxy hotel in Hokkaido for RM199 mil

<p>Elon Musk was in dire need of a quick win for Tesla Inc. If that meant flying to China a week after standing up Indian Prime Minister Narendra Modi, then so be it.</p>


Musk’s trip to Beijing after India snub shows power of China

<p>HHRG Bhd was slapped with a RM58.18 million suit by Ooi Chieng Sim, in relation to a loan given out by the former executive chairman to the company.&nbsp;</p>


HHRG faces RM58 mil suit over alleged default of loan by ex-chairman

<p>Saudi Arabia-based renewable energy giant ACWA Power has disclosed plans to collaborate with several strategic Malaysian partners in developing&nbsp;renewable energy projects across multiple states in Malaysia, said&nbsp;Prime Minister Datuk Seri Anwar Ibrahim.</p>


ACWA Power eyes collaboration with strategic M'sian partners on renewable energy projects, says Anwar

<p>Printed circuit board (PCB) company BSL Corp Bhd saw Doris Wong Sing Ee emerge as its substantial shareholder after Wong acquired 97 million BSL shares, raising her stake in the company to 7.104%.</p>


Metronic Global ED Doris Wong emerges as substantial shareholder of BSL

<p>Integrated circuit (IC) design service provider Oppstar Bhd is collaborating with South Korea’s tech giant Samsung Electronics Co Ltd for the production of industrial ICs manufactured using Samsung’s 14 nanometre (nm) FinFET technology foundry process.</p>


Oppstar partners with Samsung to produce industrial integrated circuits

<p>All routes along the Malaysia-Thailand border area in the districts of Tak Bai, Sungai Golok, and Weng have been temporarily closed following a bomb explosion and shooting incident that injured four police officers.</p>


Malaysia-Thailand routes in Tak Bai, Sungai Golok, and Weng temporarily closed

<p>AirAsia X Bhd’s (AAX) passenger load factor rose to 83% in the first quarter of this year (1Q2024), from 80% in the same period a year earlier, driven by robust travel demand.&nbsp;</p>


AAX’s passenger load factor up at 83% in 1Q on robust travel demand

<p>The implementation of the water tariff adjustment for domestic category as of Feb 1 this year, is vital to improve and enhance the country's water supply system.</p>


Water tariff adjustment can help consolidate water supply system — Teo

<p>China needs to further reduce its Treasuries holdings, in part to lessen the potential leverage of Washington over its Asian rival, according to a paper published by a Chinese state think tank.</p>


<p>US stocks ended higher on Monday, with sharp gains for Tesla and Apple leading the way, as investors looked toward what the Federal Reserve would say about the interest rate outlook after its policy meeting this week.</p>


Wall Street stocks finish higher as investors focus on Fed moves

<p>Building materials maker Ajiya Bhd recorded its second straight quarterly loss of RM12.71 million for the first quarter ended Feb 29, 2024 (1QFY2024), versus a net profit of RM46.11 million a year ago, despite logging higher revenue.</p>


Ajiya logs second straight quarterly loss of RM12.7m in 1Q

<p>Spotify Technology SA co-founder Daniel Ek is pocketing gains from the audio-streaming giant’s stock rebound, while increasingly building up his investments outside the company.</p>


Spotify CEO cashes in on streaming giant’s 267% stock rebound

<p>It’s “better to ask for forgiveness than permission” when it comes to complying with the law, the billionaire founder of the Binance cryptocurrency exchange once told his team, according to the US government.</p>
