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<div class=newsTextDataWrapInner><p class="thumb-cap">EVENING 5: KNM defaults on RM418 mil loans</p></div>
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<div class=newsTextDataWrapInner><p><br />
Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>1. KNM Group Bhd has <a href="https://www.theedgemarkets.com/article/knm-defaults-rm418-mil-loans-warns-cross-defaults-other-facilities" target="_blank">defaulted </a>on three credit facilities totalling about RM417.6 million and warns of possible cross defaults.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>2. Wah Seong Corp Bhd has <a href="https://www.theedgemarkets.com/article/wah-seong-clinches-rm55765-mil-contract-yinson" target="_blank">secured </a>a US$127.09 million contract from Yinson Holdings Bhd.</p></div>

<div class=newsTextDataWrapInner><p>3. MIDF Research <a href="https://www.theedgemarkets.com/article/midf-expects-klci-breach-1700-points-end2023-after-fed-pivot" target="_blank">expects </a>the FBM KLCI is expected to breach the 1,700 level by the end of 2023.</p></div>

<div class=newsTextDataWrapInner><p>4. Gamuda Bhd <a href="https://www.theedgemarkets.com/article/gamuda-acquire-30-stake-solar-energy-firm-rm200-mil" target="_blank">plans </a>to acquire a 30% stake in ERS Energy Sdn Bhd for RM200 million.</p></div>

<div class=newsTextDataWrapInner><p>5. Clean energy specialist Solarvest Holdings Bhd is <a href="https://www.theedgemarkets.com/article/solarvest-eyeing-piece-ev-infrastructure-pie-powerbee-launch" target="_blank">venturing </a>into the electric vehicle charging port market.<br />
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EVENING 5: Five things you need to know today 

Kuala Lumpur Kepong Bhd (KLK) said that it had completed all reimbursements of recruitment and related fees in compliance with the group’s strict no-recruitment-fee policy.

KLK says it completed reimbursement of fees following unethical recruitment allegations

BENGALURU (April 29): Shares in Petrofac slid to a record low on Monday, after the struggling British oilfield services firm warned it would miss a bond coupon payment due next month and forecast higher losses in its largest unit for 2023.

Petrofac shares hit record low after warning it will miss coupon payment

KUALA LUMPUR (April 29): Capital A Bhd said on Monday that the number of passengers it carried rose 17% year-on-year (y-o-y) to 15.4 million in the first quarter of 2024 (1Q2024), on the back of strong travel demand during the school holidays and Chinese New Year.

Capital A’s passenger volume rises 17% in 1Q, load factor climbs to 90%

Permodalan Kedah Bhd (PKB) has inked a memorandum of understanding (MOU) with Royal Eco Train Development, Republic of Korea (RETD Korea), for the Light Rail Transit (LRT) project in Langkawi.

Permodalan Kedah inks MOU with Korean firm for LRT in Langkawi

Tex Cycle Technology (M) Bhd said on Monday it has partnered with Evolusi Bersatu Sdn Bhd to invest RM100 million in Sabah’s first integrated scheduled waste management facility.

Tex Cycle in JV to invest RM100m to build Sabah waste management facility

SEPANG (April 29): The Malaysian Aviation Commission (Mavcom) does not expect any further delays to the implementation of the Airports Quality of Services (QoS) Framework at the Kuala Lumpur International Airport (KLIA) beyond this year.

No more delays for full implementation of Airports QoS Framework at KLIA, says Mavcom

The Malaysian Maritime Enforcement Agency (MMEA) is set to receive four new helicopters after the Ministry of Home Affairs (KDN) finalised the acquisition of these aircraft.

KDN finalises acquisition of four helicopters worth RM600 mil for MMEA

Gadang Holdings Bhd has called off its planned acquisition of a 21.08-acre land in Kwasa Damansara — known as R3-1 — for RM114.78 million from Kwasa Development (3) Sdn Bhd (KD3), to be developed into a residential project.

Gadang calls off Kwasa Damansara land buy after failing to get EPU waiver for Bumi equity requirement

Saudi Arabia-based renewable energy giant ACWA Power has expressed interest to invest more than US$10 billion (RM47.64 billion) in Malaysia over a 10-year period, in collaboration with Cypark Resources Bhd.

Saudi-based ACWA Power keen on investing over US$10b in M'sia, in collaboration with Cypark

Tourism industry operators have been urged to comply with the Asean Tourism Standards to raise the quality of service and promote a good tourism image for the country.

Tiong tells operators to comply with Asean Tourism Standards to attract more tourists 

<p>QSR Brands (M) Holdings Bhd is suspending over 100 KFC outlets temporarily nationwide after about half a year of boycott movement, <em>Nanyang Siang Pau</em> reported, citing information from Google Maps.</p>


Boycott causes over 100 KFC outlets to suspend ops, report says

<p>Berjaya Corp Bhd (BCorp), which last week denied that its founder Tan Sri Vincent Tan Chee Yioun had participated in talks to revive a US$100 billion (RM477.60 billion) Forest City casino resort as reported recently, has lodged reports for the police to commence investigation into the above matter, specifically to, amongst others, ascertain and find out the purported “unnamed source” who disseminated complete untrue and false statements.</p>


Berjaya Corp lodges police report to identify 'unnamed source' in Forest City casino resort debacle

<p>Shares of YTL Power International Bhd and YTL Corp Bhd rose to fresh highs on Monday as investors piled on stocks with exposure in artificial intelligence (AI).</p>


YTL Power, YTL Corp touch new highs

<p>Shares of YNH Property Bhd surged to their highest in three weeks after the real estate developer said it has remedied the technical default of its sukuk programme.</p>


YNH Property surges 11% to three-week high after default remedy

<p>Engineering solutions provider Kawan Renergy Bhd on Monday began taking orders from investors for its ACE Market initial public offering (IPO) that would raise up to RM33 million.</p>


Kawan Renergy sets IPO price at 30 sen apiece in bid to raise RM33m 

<p>Shares of Capital A Bhd and AirAsia X Bhd (AAX) climbed further during Monday’s morning trading session, riding on a proposal announced last Thursday to merge the short- and long-haul airline operations of both companies.</p>


AAX, Capital A lift off on merger proposal to extend rally

<p>Real estate developer UOA Development Bhd said it plans to launch two new projects worth an estimated RM2.7 billion in gross development value (GDV) this year.</p>


UOA Development to launch two projects worth RM2.7b by June

<p>SUPERMAX Holdings Sdn Bhd (SHSB), which holds 40.3% in Supermax Corp Bhd, is the subject of a winding-up petition.</p>

<p>SHSB is the private company of Datuk Seri Stanley Thai and his wife, Datuk Wira Cheryl Tan Bee Geok. The couple, who have been and still are having differences in their rel...

Newsbreak: Supermax's Cheryl Tan seeks to wind up holding company

<p>Top Glove Corporation Bhd bagged the Platinum Trusted Brand Award in the Hygiene/Disposable Gloves category at the Reader’s Digest Malaysian Trusted Brand 2024 awards.</p>


China crash involving Huawei-backed Aito electric vehicle kills three

<p>TotalEnergies, a global energy supplier based in France, has stated its commitment to increasing its investment in Malaysia’s upstream oil and gas (O&amp;G) sector, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


TotalEnergies has stated commitment to boost investment in Malaysia's upstream O&G sector — Anwar

<p>Shares in LPI Capital Bhd snapped a three-day losing streak on Monday, after the general insurer reported a 37% net profit surge in the first quarter, thanks largely to sharply lower net expenses from reinsurance contracts held and higher investment income.</p>


LPI Capital’s 1Q net profit surges 37%, shares snap losing streak after results

<p>Shares of Turiya Bhd rallied on Monday to their highest in over three years after Tan Sri Mohan MK Swami and his partner agreed to acquire a 58% stake in the property management firm for RM52.86 million.</p>


Turiya rallies to over three-year high with entry of Mohan Swami, partner

<p>After eight consecutive weeks of net selling, foreign investors shifted to become net buyers on Bursa Malaysia last week, with a total investment of RM292.2 million.</p>


MIDF: Foreign investors ended eight weeks of selling with total inflow of RM292m last week

<p>Malakoff Corp Bhd has inked a partnership with China Northeast Electric Power Engineering &amp; Services Co Ltd (NEPCS) for technical manpower supply for the operation and maintenance (O&amp;M) of combined cycle power plant (CCPP) projects under NEPCS in Bangladesh.</p>


Malakoff inks deal to expand operation and maintenance services to Bangladesh

<p>The yen jumped suddenly against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities to try to underpin a relentless tumble in the currency to levels last seen over three decades ago.</p>


Japan's yen jumps against the dollar on suspected intervention

<p>theedgemalaysia.com&nbsp;highlighted three with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.</p>


Supercomnet Technologies, MyEG, BP Plastics, LGMS, Turiya

<p>The yen jumped sharply against its peers on Monday after it slid past 160 per dollar earlier in the session, leading to speculation that Tokyo could have intervened in the currency market while the country was out for a holiday.</p>


Shares rise, yen surges on suspected intervention

<p>The Jana Wibawa programme, which was established to assist Bumiputera contractors impacted by the Covid-19 pandemic, only took off following Cabinet approval in 2020, the court heard on Monday.</p>


Jana Wibawa programme could only take off with Cabinet approval, says witness

<p>The business reorganisation plan announced last week by the two friends and business partners — Tan Sri Tony Fernandes and Datuk Kamarudin Meranun — is the final piece of the jigsaw to get the group of companies they control back on a stronger footing, at least in the restructuring of their balance sheet.</p>
