<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 16): China-based shoe manufacturer Multi Sports Holdings Ltd said Naren Anand Gill has resigned as its non-independent director.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing today, the company said his resignation was due to personal reason.</p></div>

<div class=newsTextDataWrapInner><p>According to Multi Sports’ Annual Report 2017, Naren joined its board in October 2016.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>He was an advocate and solicitor of the High Court of Malaya practising as a partner at Messr Gill and Tang, Kuala Lumpur.</p></div>

<div class=newsTextDataWrapInner><p>He holds a Bachelor of Arts in Philosophy and Politics from Leeds University, United Kingdom, and is related to the major shareholder of the company, Paramjit Singh Gill.</p></div>

<div class=newsTextDataWrapInner><p>In a separate statement, the board of directors of Multi Sports announced that Bursa Malaysia Securities Bhd resolved to dismiss the company's appeal for an extension of time until July 31 to submit a regularisation plan to the relevant authorities for approval, as well as dismiss its appeal for Bursa Securities not to de-list the securities of Multi Sports.</p></div>

<div class=newsTextDataWrapInner><p>Trading of Multi Sports shares has been suspended since May 10, 2016 after the company failed to submit its annual report for the financial year ended Dec 31, 2015 to Bursa Malaysia.</p></div>


China-based shoe manufacturer Multi Sports Holdings Ltd said Naren Anand Gill has resigned as its non-independent director.

In a bourse filing today, the company said his resignation was due to personal reason.

Naren Anand Gill resigns as Multi Sports non-independent director

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

SC adds two potential clones to Investor Alert List

RHB Investment Bank Research has maintained its “overweight” rating on the rubber products sector and said it expects glove makers to record positive quarter-on-quarter (q-o-q) net profit growth in the upcoming March quarterly reporting season.

RHB sees glove makers recording positive q-o-q net profit growth in March earnings

Indonesia's Ruang volcano off the island of Sulawesi erupted on Tuesday, spewing ash and lava, after an eruption earlier this month led to hundreds of evacuations and an airport closure.

Indonesia's Ruang volcano erupts again, alert status at highest

MKH Oil Palm (East Kalimantan) Bhd (MKHOP) opened at 63 sen in its Main Market debut on Tuesday, up 1.6% from its initial public offering (IPO) price of 62 sen.

MKH Oil Palm rises 1.6% to 63 sen in Main Market debut 

Hong Leong Investment Bank (HLIB) Research has valued ACE Market-bound Sin-Kung Logistics Bhd at 17 sen, based on 15x price earnings ratio on FY2024F of 1.1 sen.

HLIB values ACE Market-bound Sin-Kung Logistics at 17 sen

Zirconio Stone, emerging from a brand of Spanish origin under Niro Ceramic Group, combines large format sintered stone in timeless elegant designs.

THE FUTURE IS HERE: ZIRCONIO STONE BY NIRO CERAMIC GROUP

It’s “better to ask for forgiveness than permission” when it comes to complying with the law, the billionaire founder of the Binance cryptocurrency exchange once told his team, according to the US government.

Binance and CZ’s fortunes are set to grow, jail or no jail 

RHB sees Synergy’s investment in AI as a positive to business.

MORNING CALL: 30/4/24

Samsung Electronics Co’s earnings surged after the semiconductor business returned to profitabilty for the first time since 2022, boosted by broad spending on artificial intelligence development.

Samsung’s profit surges after AI boom reverses chip losses 

As projections for all the copper needed in the clean-energy transition help send prices of the wiring metal to two-year highs, a new report highlights the risks to future metal supplies from climate change.

Half of all copper mining at drought risk with climate change

<p>KUALA LUMPUR (April 30): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday (April 29):</p>

<p>QSR Brands and KFC Malaysia confirmed it suspended operations of its outlets to manage costs, amid news that over 100 of its outlets have ceased...

QSR Brands, Nestle, ViTrox, LPI Capital, Ajiya, YTL REIT, Tex Cycle, Gadang, HHRG, Sapura, MSC, Capital A, BSL, Oppstar

<p>Following reports that over 100 KFC outlets have been temporarily closed after about half a year of boycott movement, QSR Brands (M) Holdings Bhd and KFC Holdings (M) Bhd (KFC Malaysia) said they suspended the operations of the outlets to manage increasing business costs amid challenging economic conditions, and to focus on high engagement trade zones.&nbsp;</p>


QSR confirms temporary closure of KFC outlets, says it is to manage rising costs

<p>YNH Property Bhd on Monday made a belated announcement about transactions involving its 6.49-acre land in Segambut, which it had inked an agreement in September last year to sell for RM59.58 million but revoked last week to have Chin Hin&nbsp;Group Property Bhd develop the plot in return for at least RM52 million.</p>


YNH makes belated announcement about transactions involving its Segambut land

<p>The Genting group companies' operations have recovered from the impact of the Covid-19 pandemic, and its earnings are expected to further grow, albeit more gradually, according to S&amp;P Global Ratings.</p>


S&P: Genting's operations have recovered from impact of pandemic, earnings to further grow

<p>Kossan Rubber Industries Bhd has clarified that the fire at a paint factory in Meru Industrial Park, Klang on Monday (April 29) had no impact on operations at its rubber glove factories.</p>


Fire outbreak at paint processing plant 'has nothing to do with Kossan Rubber Industries', says MD

<p>The regular market for US equities runs for 390 minutes on a standard trading day. But at the rate things are going, eventually the last 10 might be the only ones that matter.</p>


Increasingly, only last 10 minutes of US stock trading matter

<p>Elon Musk was in dire need of a quick win for Tesla Inc. If that meant flying to China a week after standing up Indian Prime Minister Narendra Modi, then so be it.</p>


Musk’s trip to Beijing after India snub shows power of China

<p>Integrated circuit (IC) design service provider Oppstar Bhd is collaborating with South Korea’s tech giant Samsung Electronics Co Ltd for the production of industrial ICs manufactured using Samsung’s 14 nanometre (nm) FinFET technology foundry process.</p>


Oppstar partners with Samsung to produce industrial integrated circuits

<p>HHRG Bhd was slapped with a RM58.18 million suit by Ooi Chieng Sim, in relation to a loan given out by the former executive chairman to the company.&nbsp;</p>


HHRG faces RM58 mil suit over alleged default of loan by ex-chairman

<p>China needs to further reduce its Treasuries holdings, in part to lessen the potential leverage of Washington over its Asian rival, according to a paper published by a Chinese state think tank.</p>


China’s US Treasury holdings becoming ‘hostages,’ academic warns

<p>Saudi Arabia-based renewable energy giant ACWA Power has disclosed plans to collaborate with several strategic Malaysian partners in developing&nbsp;renewable energy projects across multiple states in Malaysia, said&nbsp;Prime Minister Datuk Seri Anwar Ibrahim.</p>


ACWA Power eyes collaboration with strategic M'sian partners on renewable energy projects, says Anwar

<p>Printed circuit board (PCB) company BSL Corp Bhd saw Doris Wong Sing Ee emerge as its substantial shareholder after Wong acquired 97 million BSL shares, raising her stake in the company to 7.104%.</p>


Metronic Global ED Doris Wong emerges as substantial shareholder of BSL

<p>All routes along the Malaysia-Thailand border area in the districts of Tak Bai, Sungai Golok, and Weng have been temporarily closed following a bomb explosion and shooting incident that injured four police officers.</p>


Malaysia-Thailand routes in Tak Bai, Sungai Golok, and Weng temporarily closed

<p>It’s “better to ask for forgiveness than permission” when it comes to complying with the law, the billionaire founder of the Binance cryptocurrency exchange once told his team, according to the US government.</p>


<p>US stocks ended higher on Monday, with sharp gains for Tesla and Apple leading the way, as investors looked toward what the Federal Reserve would say about the interest rate outlook after its policy meeting this week.</p>


Wall Street stocks finish higher as investors focus on Fed moves

<p>Amy Wang was counting on a 100,000 yuan (RM65,743) subsidy promised by authorities in the eastern Chinese city of Weifang to fit and furnish an apartment she bought two years ago. Still waiting for the money, she is yet to move in.</p>


Strained Chinese cities struggle to pay home buying subsidies

<p>MKH Oil Palm (East Kalimantan) Bhd (MKHOP) opened at 63 sen in its Main Market debut on Tuesday, up 1.6% from its initial public offering (IPO) price of 62 sen.</p>


<p>Elon Musk’s net worth is soaring after it plunged to the lowest level in almost a year.</p>


Musk’s fortune soars by most since before Twitter purchase

<p>Samsung Electronics Co’s earnings surged after the semiconductor business returned to profitabilty for the first time since 2022, boosted by broad spending on artificial intelligence development.</p>


<p>Paramount Global replaced CEO Bob Bakish with a trio of executives, the company announced on Monday in the middle of talks with David Ellison's Skydance Media about a possible merger.</p>
