<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 28): Muar Ban Lee Group Bhd will no longer be disposing of its oil palm unit, Sokor Gemilang Ladang Sdn Bhd, as the non-binding preliminary agreement inked with the buyer, Everhome International (M) Sdn Bhd, has expired.</p></div>

<div class=newsTextDataWrapInner><p>In a Bursa Malaysia filing, Muar Ban Lee said the memorandum of understanding (MoU) the parties inked lapsed today without any conclusion to the negotiations.</p></div>

<div class=newsTextDataWrapInner><p>"Upon the MoU expiry, neither party shall have any claim against the other, save and except for any antecedent claim," the group said in a filing with the stock exchange today.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Muar Ban Lee announced in March this year that it planned to sell the unit to furniture maker Everhome International for RM35.1 million.</p></div>

<div class=newsTextDataWrapInner><p>The disposal was described as a strategic opportunity for the group to realise its investment in Sokor Gemilang, which owns the right to develop 789ha of land into an oil palm or rubber plantation.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Muar Ban Lee closed 5 sen or 4.24% lower at RM1.13 apiece today, giving the group a market capitalisation of RM103.35 million.</p></div>

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KUALA LUMPUR (Sept 28): Muar Ban Lee Group Bhd will no longer be disposing of its oil palm unit, Sokor Gemilang Ladang Sdn Bhd, as the non-binding preliminary agreement inked with the buyer, Everhome International (M) Sdn Bhd, has expired.

In a Bursa Malaysia filing, Muar Ban Lee said t...

Muar Ban Lee fails to sell oil palm unit as MoU expires

Malaysia’s producer price index (PPI), which measures price changes for goods at the producer level, increased by 1.6% year-on-year in March 2024, compared with 0.3% in February, said the Department of Statistics Malaysia.

Malaysia’s producer price index up 1.6% in March

The yen fell amid volatile trade on Friday after the Bank of Japan (BOJ) maintained its accommodative monetary policy stance at the conclusion of its two-day policy meeting, while Asian shares rose in the broader market.

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Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Friday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.

Mohan Swami, partner agree to buy 58% of Turiya for RM52.86m from MAA Group

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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>Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Friday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.</p>


<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>


VS Industry poised to continue bullish trajectory, says RHB Retail Research 

<p><em><strong>More to come</strong></em></p>
...

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<p>The Tesla Inc shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion (RM267.54 billion) pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.</p>


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<p>The battle for consumer attention in China's electric car market is being fought over touches of "tech luxury" that car buyers in other markets have never seen.</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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<p>European and American investors showed converse interest in sustainable funds during the first quarter, research firm Morningstar said on Thursday, with a record US$8.8 billion (RM42.03 billion) in net withdrawals from the products in the US.</p>


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<p>Former president Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US currency, according to people familiar with the matter.</p>


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<p>Uday Kotak built his Kotak Mahindra Bank Ltd over decades to become Asia’s richest banker. After India’s regulator slapped his firm with a surprise ban, he’s facing one of his biggest tests yet — and a dip in wealth.</p>


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<p>The Malaysian Research Accelerator for Technology and Innovation (MRANTI) has signed a memorandum of understanding (MOU) with Beijing Zhongguancun Science City Innovation Development Co Ltd to collaborate on several strategic initiatives aimed at fostering significant advancements in technology and innovation.</p>


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<p>Anyone called in by the Malaysian Anti-Corruption Commission (MACC), either as a witness or subject of investigation, is given ample opportunity to provide additional, detailed information as they please, and this includes imprisoned former prime minister Datuk Seri Najib Razak.</p>
