<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 19): Green Ocean Corp Bhd said it saw a surplus of RM3.3 million from the revaluation of its industrial land in Klang.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia, the group said the land, held by its wholly-owned subsidiary Ace Edible Oil Industries Sdn Bhd, has a current market value of about RM17 million and a forced sale value of about RM11.9 million as at Jan 25.</p></div>

<div class=newsTextDataWrapInner><p>It said the revaluation has resulted in an increase of 1.08 sen in the net asset per share of the group.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Green Ocean said that for the purpose of valuation, the valuer had been specifically instructed to value the land as a parcel of vacant industrial land only and not to attribute value to buildings —&nbsp; a double-storey office building and a few units of single storey factories — erected on the land.</p></div>

<div class=newsTextDataWrapInner><p>Green Ocean's share price fell 4.17% or 0.5 sen to 11.5 sen today, for a market capitalisation of RM34.76 million</p></div>


KUALA LUMPUR (July 19): Green Ocean Corp Bhd said it saw a surplus of RM3.3 million from the revaluation of its industrial land in Klang.

In a filing with Bursa Malaysia, the group said the land, held by its wholly-owned subsidiary Ace Edible Oil Industries Sdn Bhd, has a current market...

Green Ocean sees RM3.3m surplus from revaluation of land

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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.

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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.

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[Branded] The palm oil industry, often vilified by Western lobbyists, has made great strides in the environmental, social, and corporate governance (ESG) arena. Malaysian Palm Oil Council (MPOC) chief executive officer Belvinder Kaur Sron explains how sustainability and palm oil are intertwined.For inquiries or to learn more about MPOC’s sustainability initiatives, visit https://www.mpoc.org.my/ or contact MPOC directly by calling 603-7806 4097 or emailing wbmaster@mpoc.org.my

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<p>Asian stocks fell and the dollar climbed to more than five-month highs on Tuesday as stronger-than-expected US retail sales for March further reinforced expectations that the Federal Reserve is unlikely to be in a rush to cut interest rates this year.</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>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>The automotive industry is not exactly the place one would want to be in the next few years.</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>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>RHB Retail Research said Notion VTec Bhd is looking to extend upside movement after staging a bullish breakout.</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>There is "no urgency" to cut US interest rates, Mary Daly, the president of the San Francisco Federal Reserve Bank, said on Monday, with the economy and labour market strong, and inflation still above the Fed's target of 2%.</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>


<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>


<p>The ringgit opened lower against the US dollar for the second consecutive day on Tuesday as the greenback strengthened following robust US retail sales data for March, said an analyst.</p>


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<p>Mark Zuckerberg won his bid to avoid personal liability in about two dozen lawsuits accusing Meta Platforms Inc and other social media companies of addicting children to their products.</p>
