<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 17): Econframe Bhd, the total door system solution provider, said Hooi Jia Hao has emerged as a substantial shareholder after acquiring another 25.26 million shares or 7.68% in the company.</p></div>

<div class=newsTextDataWrapInner><p>This raises Hooi's total shareholding in the company to 31.61 million shares or a 9.73% stake.</p></div>

<div class=newsTextDataWrapInner><p>According to the company's filing with Bursa Malaysia on Monday (Jan 17), Hooi bought the 25.26 million shares through a direct business transaction on Jan 13.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The company did not disclose the value of the transaction.</p></div>

<div class=newsTextDataWrapInner><p>A calculation done on the back of an envelope, based on Econframe's closing price of 49.5 sen on Jan 13, showed that the block would have cost Hooi RM12.5 million.</p></div>

<div class=newsTextDataWrapInner><p>Hooi's background is not immediately known.</p></div>

<div class=newsTextDataWrapInner><p>On Monday, Econframe shares closed up half a sen or 1.03% to 49 sen, giving a market capitalisation of RM159 million. The shares have rallied 75% since the company floated its initial public offering at 28 sen per share in October 2020.</p></div>


Econframe Bhd, the total door system solution provider, said Hooi Jia Hao has emerged as a substantial shareholder after acquiring another 25.26 million shares or 7.68% in the company.

New substantial shareholder emerges in Econframe

The Civil Aviation Authority of Malaysia (CAAM) has confirmed that a Cessna 172N Skyhawk aircraft with the registration number 9M-ADA crashed near Felda Gunung Besout, Sungkai, Perak on Saturday.

CAAM confirms Cessna 172N Skyhawk aircraft crashed near Felda Gunung Besout

The Melaka state government is setting its sights on bolstering its local business landscape by encouraging more companies in the state to be listed on Bursa Malaysia.

Melaka aims to boost local businesses, eyes more listings on Bursa Malaysia

The government is currently studying the proposal from marine robotics company Ocean Infinity to resume the search for Malaysia Airlines Flight MH370, which went missing while en route to Beijing 10 years ago.

Loke: Govt studying Ocean Infinity's proposal to resume search for MH370

Construction work on the East Coast Rail Link (ECRL) project in Kelantan, Terengganu, Pahang and Selangor has reached an average of 65% as of April, said Transport Minister Anthony Loke.

Progress of ECRL project in four states reaches 65%, says Loke

A training aircraft crashed in the Besout 2 Tambahan plantation area in Sungkai on Saturday.

Light aircraft crashes in Sungkai, two passengers survive

Malaysia's latest position in the Press Freedom Index is still considered good compared to the previous government, said Communications Minister Fahmi Fadzil.

Malaysia's press freedom index position is still good, says Fahmi

The Philippines central bank will require financial institutions to submit a report within 24 hours of discovering risks linked to money laundering and terrorist financing, as the Southeast Asian nation steps up its fight against illicit transactions.

Philippines' central bank tightens dirty money risk reporting rule

Indonesia will permanently relocate some 10,000 people living on an island in North Sulawesi following concerns that more eruptions could come from an active volcano that has already caused damages.

Indonesia relocates 10,000 people after volcano eruptions

The Kuala Kubu Baharu (KKB) by-election campaign is entering a critical period for all contesting parties and candidates to redouble their efforts to win as many votes as possible.

KKB polls: Parties, candidates redoubling efforts as campaign enters critical period

Hollywood superstar and acclaimed Malaysian actress Tan Sri Michelle Yeoh has received the prestigious Presidential Medal of Freedom from US President Joe Biden on Friday.

Michelle Yeoh receives Presidential Medal of Freedom from Biden

<p>Retail sales typically slow in the second quarter of the year as consumers take a breather from spending after the festivities in the first quarter. As such, when retailers say their sales fell short of expectations during the two major festive periods so far this year, it is time to pay attention.</p>


Retailers fear current weakness in consumer spending

<p>Will Bank Negara Malaysia’s Monetary Policy Committee follow its Indonesian counterparts by raising interest rates when it holds its next meeting on Wednesday and Thursday?</p>


The Week Ahead: All eyes on Bank Negara’s monetary policy meeting, Xi’s three-nation European trip

<p>Hollywood superstar and acclaimed Malaysian actress Tan Sri Michelle Yeoh has received the prestigious Presidential Medal of Freedom from US President Joe Biden on Friday.</p>


<p>King Charles and other senior British royals are to relinquish patronages of almost 200 charities and organisations after a review of their association with more than 1,000 groups, Buckingham Palace said on Saturday.</p>


King Charles and UK royals to relinquish dozens of patronages

<p>The prospect of interest rates remaining elevated as the Federal Reserve (Fed) battles inflation is further clouding the outlook for shares of smaller US companies, which have lagged broader markets this year.</p>


US small caps struggle as elevated interest rates take a toll

<p>Electric vehicle (EV) maker Zeekr Intelligent Technology Holding said on Friday it was targeting a valuation of up to US$5.13 billion (RM24.32 billion) in its US initial public offering (IPO), the first major floatation of a China-based company in more than two years.</p>


China's Zeekr seeks up to US$5.13b valuation in US IPO

<p>A training aircraft crashed in the Besout 2 Tambahan plantation area in Sungkai on Saturday.</p>


<p>The Kuala Kubu Baharu (KKB) by-election campaign is entering a critical period for all contesting parties and candidates to redouble their efforts to win as many votes as possible.</p>


<p>US Treasury Secretary Janet Yellen said she still sees underlying price pressures receding even as a tight housing supply has helped stall the downward path of inflation.</p>


Yellen says fundamentals still point to slowing inflation

<p>Construction work on the East Coast Rail Link (ECRL) project in Kelantan, Terengganu, Pahang and Selangor has reached an average of 65% as of April, said Transport Minister Anthony Loke.</p>


<p>The government is currently studying the proposal from marine robotics company Ocean Infinity to resume the search for Malaysia Airlines Flight MH370, which went missing while en route to Beijing 10 years ago.</p>


<p>The Philippines central bank will require financial institutions to submit a report within 24 hours of discovering risks linked to money laundering and terrorist financing, as the Southeast Asian nation steps up its fight against illicit transactions.</p>


<p>Indonesia will permanently relocate some 10,000 people living on an island in North Sulawesi following concerns that more eruptions could come from an active volcano that has already caused damages.</p>


<p>Google and the US Justice Department wrapped up closing arguments on Friday over claims that the Alphabet unit has unlawfully dominated web search and related advertising, in a case the government contends could shape the “future of the internet”.</p>


Google trial wraps up as judge weighs landmark US antitrust claims

<p>The Melaka state government is setting its sights on bolstering its local business landscape by encouraging more companies in the state to be listed on Bursa Malaysia.</p>


<p>This year marks the 30th anniversary of the United Nations’ International Year of the Family (IYF). In the decades since the IYF was proclaimed, demographic shifts, technological transformations, migration, urbanization, and climate change have upended societies around the world. Responding effec...

The Frontiers Of Growth: As Families Change, So Must the Safety Net

<p>Malaysia's latest position in the Press Freedom Index is still considered good compared to the previous government, said Communications Minister Fahmi Fadzil.</p>


<p>The Civil Aviation Authority of Malaysia (CAAM) has confirmed that a Cessna 172N Skyhawk aircraft with the registration number 9M-ADA crashed near Felda Gunung Besout, Sungkai, Perak on Saturday.</p>
