<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 28): Goh Ban Huat Bhd (GBH) shares rose 4.89% in thin trade this morning after its shareholders received a mandatory takeover offer from Paragon Adventure Sdn Bhd (PASB) at RM1.40 per share, a 2.1% discount to its last traded price of RM1.43.</p></div>

<div class=newsTextDataWrapInner><p>At 9.12am, GBH was up 7 sen to RM1.50 with 22,100 shares done.</p></div>

<div class=newsTextDataWrapInner><p>GBH said the takeover offer included GBH warrants not held by PASB, at 40 sen apiece — a 13% or 6 sen discount to its last traded price — having considered its exercise price of RM1 per warrant.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The offer came after PASB emerged as a 51% shareholder of GBH today. It bought the equity stake from Tan Sri Datuk Tan Hua Chun, together with 51% of the total outstanding GBH warrants as well.</p></div>

<div class=newsTextDataWrapInner><p>PASB intends to keep the listing status of GBH. It said the takeover price of RM1.40 was made after taking consideration, among others, GBH shares' volume-weighted average market price of between RM1.35 and RM1.41 over the past six months.</p></div>

KUALA LUMPUR (Sept 28): Goh Ban Huat Bhd (GBH) shares rose 4.89% in thin trade this morning after its shareholders received a mandatory takeover offer from Paragon Adventure Sdn Bhd (PASB) at RM1.40 per share, a 2.1% discount to its last traded price of RM1.43.

At 9.12am, GBH was up 7 s...

Goh Ban Huat up 4.89% on getting takeover offer

Crude palm oil (CPO) prices, which surged in March 2024 to hit a peak of RM4,327 a tonne, are expected to move within a stable range of RM4,000 to RM4,200 a tonne this month, according to the Malaysian Palm Oil Council (MPOC).

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The suspect who opened fire at the Kuala Lumpur International Airport (KLIA) Terminal 1 Arrival Hall on early Sunday morning, before being arrested in Kota Bharu on Monday, is believed to have been trying to escape to a neighbouring country.

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A fire ripped through Copenhagen's Old Stock Exchange, one of the Danish capital's best-known buildings, on Tuesday, engulfing its spire which collapsed in a scene reminiscent of the 2019 blaze at Paris' Notre-Dame.

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Singapore Prime Minister Lee Hsien Loong will stay on as a senior minister after he steps down, the Straits Times reported, citing incoming premier Lawrence Wong.

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Bursa Malaysia ended lower for the second consecutive day on Tuesday, tracking the weak global sentiment due to the Middle East conflict, said an analyst.

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<p>The collective wealth of tycoons listed on the 2024 Forbes Malaysia Rich List increased by a modest 2% to US$83.4 billion (RM398.8 billion), according to <i>Forbes Asia</i>.</p>


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<p>Datuk Abdul Rahman Ahmad will return to Permodalan Nasional Bhd (PNB) as its president and group chief executive effective July 1, 2024, the government-linked investment company said.</p>


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<p>E-government services providers MyEG Services Bhd and HeiTech Padu Bhd have formed a partnership to collaborate on IT projects in Malaysia.</p>

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<p>CIMB Group Holdings Bhd, Malaysia’s second-biggest banking group by assets, said on Tuesday its chief executive Datuk Abdul Rahman Ahmad will step down on June 30.</p>


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<p>Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.</p>


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<p>The Ministry of Transport clarified on Tuesday that the higher contract value of RM190.01 million awarded to HeiTech Padu Bhd for Road Transport Department (JPJ) services was only due to a longer extended contract duration.</p>


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<p>The automotive industry is not exactly the place one would want to be in the next few years.</p>

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<p>Transport Minister Anthony Loke Siew Fook said his ministry has no objection to MMC Corp Bhd divesting a stake in MMC Port Holdings Sdn Bhd, including to foreign entities, as long as it does not contravene the government's policy that requires 51% ownership of major national assets to remain with local companies.</p>


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<p>Carlo Rino Group Bhd has filed for an initial public offering (IPO) that would raise more funds for the apparel company as part of its listing transfer to the ACE Market from the LEAP Market.</p>


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<p>Singapore’s Prime Minister Lee Hsien Loong is stepping down on May 15 after two decades in office. Lee, 72, will hand the reins over to his deputy Lawrence Wong, 51, in a widely-telegraphed transition.</p>


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<p>Former prime minister Tan Sri Muhyiddin Yassin has requested for a bench of five Court of Appeal (COA) judges to hear his review against the court’s own decision to reinstate abuse of power charges involving RM232.5 million against him.</p>


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<p>China said it believed Iran could "handle the situation well and spare the region further turmoil" while safeguarding its sovereignty and dignity, referring to an attack on Iran's embassy in Syria and its retaliatory strike over the weekend.</p>


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<p>Bursa Malaysia ended the morning session lower on Tuesday, in tandem with the weaker regional performance due to a broad sell-off on Wall Street overnight, said an analyst. &nbsp;</p>


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<p>KTI Landmark Bhd (KTI) has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia Securities Bhd.</p>

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<p>European Commission President Ursula von der Leyen is unleashing a barrage of trade restrictions against China as she seeks to follow through on a pledge to make the EU a more relevant political player on the global stage.</p>


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<p>RHB Retail Research said Cosmos Technology International Bhd has confirmed a bullish setup after breaking past a key resistance on strong volume.</p>


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<p>EP Manufacturing Bhd's (EPMB) shares climbed on Tuesday and marked their best day in 10 months after the Shah-Alam based auto parts maker signed an assembly deal with a Chinese carmaker.</p>


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<p>RHB Retail Research said Notion VTec Bhd is looking to extend upside movement after staging a bullish breakout.</p>


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<p>Gold is set to reach US$3,000 (RM14,381.71) an ounce over the next six to 18 months on increasing investor inflows amid expectations that the Federal Reserve will eventually cut interest rates, Citigroup Inc said, adding to a roll call of Wall Street banks that have raised forecasts.</p>
