<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 20): My E.G. Services Bhd (MyEG) has acquired a 23.5% stake in Stampede Holdings Sdn Bhd for RM10.41 million. Stampede is&nbsp;a provider of a debt collection system called Volare that automates and standardises key collection process.<br />
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In a filing with Bursa Malaysia today, MyEG said its wholly-owned subsidiary MY E.G. Capital Sdn Bhd had on Dec 13&nbsp;entered into agreements with Kris Uttraphan, Beng Paik A/L Chau Deng, Koomerang Ventures Inc Sdn Bhd and Stampede Holdings Sdn Bhd for the stake acquisition in Stampede.<br />
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Stampede is an investment holding company that owns Stampede Solution Sdn Bhd, Telefonix Sdn Bhd and a 100% foreign-owned company incorporated in Thailand specifically for the purpose of assuming the rights, title, benefits and obligations of Stampede Co Ltd.<br />
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MyEG shares closed up 3 sen or 1.4% at RM2.16 today, bringing a market capitalisation of RM7.7 billion.</p></div>
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KUALA LUMPUR (Dec 20): My E.G. Services Bhd (MyEG) has acquired a 23.5% stake in Stampede Holdings Sdn Bhd for RM10.41 million. Stampede is a provider of a debt collection system called Volare that automates and standardises key collection process.

In a filing with Bursa Malay...

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NEW YORK (April 25): Benchmark S&P 500 closed higher in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly from technology giants.

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WOLVERHAMPTON, England (April 25): Bournemouth snapped a three-game winless run in the Premier League with a 1-0 victory at former manager Gary O'Neil's Wolverhampton Wanderers on Wednesday courtesy of a first-half strike from Antoine Semenyo.

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LONDON (April 25): Crystal Palace made absolutely sure of Premier League safety with an impressive 2-0 home defeat of Newcastle United on Wednesday with both goals scored by Jean-Philippe Mateta.

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CAIRO/JERUSALEM (April 25): Israeli warplanes pounded the northern Gaza strip for a second day on Wednesday in a fierce assault that has shattered weeks of comparative calm, and Israel said it was moving forward with plans for an all-out assault on Rafah in the south.

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MANCHESTER (April 25): Manchester United captain Bruno Fernandes came to his side's rescue with two goals in a 4-2 home victory over the Premier League's bottom club Sheffield United on Wednesday just when more trouble loomed for beleaguered manager Erik ten Hag.

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NEW YORK/LONDON (April 25): U.S. and European shares finished mixed on Wednesday ahead of more corporate earnings this week, and the yen was mired near 34-year lows, keeping traders wary of intervention from Japan.

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LIVERPOOL, England (April 25): Everton's Jarrad Branthwaite and Dominic Calvert-Lewin scored in a pulsating 2-0 home victory over Liverpool in the Merseyside derby on Wednesday that could prove to be the death of the visitors' withering Premier League title hopes.

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<p>The Civil Aviation Authority of Malaysia (CAAM) has revoked the air operator's certificate (AOC) of cash-strapped low-cost carrier MYAirline Sdn Bhd, effective April 15, after it failed to find a new investor before the April 14 deadline.</p>


MYAirline loses licence to operate as commercial airline as CAAM revokes AOC

<p>The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.</p>

<p>Xiang Yangyang, the daughter of Xiang Guangda, who owns Tsingshan Holding Group Co, the world’s largest nickel and stainless steelmaker, agreed to buy the 2,612 sq m (28,111 sq ft) house in the country’s Bin Tong Park enclave, according to a property record seen by <em>Bloomberg News.</em></p>


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<p>Mah Sing Group Bhd's land acquisition for its third development in Setapak,&nbsp;Kuala Lumpur, namely M Azura, has become unconditional. The developer has three months to pay the balance purchase price of about RM59 million. The land for M Azura was acquired on Dec 8, 2023 for a total cost of RM74.3 million.</p>


Mah Sing's land acquisition for M Azura has become unconditional

<p>KUALA LUMPUR (April 24): Construction outfit Fajarbaru Builder Group Bhd has bagged a RM252.26 million contract from WCT Holdings Bhd to undertake Phase 1 of a two-phase development of two blocks of serviced apartments in Johor Bahru.</p>


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<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday.</p>


KLCCP, Suria Capital, Capital A, Calsberg, Hibiscus Petroleum, Chin Hin, OCR, Fajarbaru, I-Bhd, Farm Price, United Plantations, AME REIT, Axis REIT, MyEG

<p>Hibiscus Petroleum Bhd said it has completed the drilling of the Bunga Aster-1 exploration well and is expecting its first oil production to begin in May.</p>


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<p>Suria KLCC's established reputation as a premier shopping destination has set it apart from other malls in the same vicinity, which provided it an effective buffer against new competition, according to KLCCP Stapled Group chief executive officer Datuk Md Shah Mahmood.</p>


Suria KLCC shrugs off competition from new malls, with occupancy rate hitting 98% at end-2023

<p>(April 25): A disappointing earnings report from Meta Platforms Inc. has technology investors on edge with results from some of the stock market’s biggest and most important companies due in the coming days.</p>

<p>Shares of Facebook’s parent were down as much as 19% in after-hours trading and...

<p>KUALA LUMPUR (April 24): Suria Capital Holdings Bhd’s wholly owned Sabah Ports Sdn Bhd has roped in DP World, an Emirati multinational logistics company based in Dubai, to manage Sapangar Bay Container Port (SBCP), in a bid to cement the port’s position as a regional trade hub for the East Asean growth area spanning Brunei, Indonesia, Malaysia and the Philippines (BIMP-EAGA).</p>


Suria Capital’s Sabah Ports ropes in Dubai’s DP World to manage Sapangar Bay Container Port

<p>United Plantations Bhd’s (UP) net profit grew 18.54% year-on-year to RM132.87 million for the first quarter ended March 31, 2024 (1QFY2024), mainly due to a sharp drop in finance cost, on the back of slightly higher revenue, thanks to higher crude palm oil (CPO) and palm kernel (PK) prices.</p>


United Plantations kicks off FY2024 on positive note as 1Q profit rises 18.5%

<p>The Ministry of Investment, Trade and Industry (Miti) will finalise a comprehensive strategic plan for the semiconductor industry to ensure Malaysia remains competitive in the sector.</p>


Miti to finalise comprehensive strategic semiconductor plan by next month

<p>Axis Real Estate Investment Trust (Axis REIT), which focuses on industrial assets, is disposing of its property in Nusajaya, Johor, for RM162 million cash to a data centre operator. It did not disclose the identity of the purchaser.</p>


Axis REIT to dispose of Axis Steel Centre @ SiLC in Johor for RM162m cash

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