<div class=newsTextDataWrapInner>KUALA LUMPUR: Sozo Global Ltd, a China-based foodstuff manufacturer listed on Bursa Malaysia, may venture into the halal market via cooperation with the Halal Industry Development Corp Sdn Bhd (HDC), a unit of Minister of Finance Inc.</div>

<div class=newsTextDataWrapInner>This would diversify the company’s markets, which include Japan, to the halal segment.</div>

<div class=newsTextDataWrapInner>Sozo announced yesterday to Bursa that it had entered into a MoU with HDC to cooperate in “certain activities toward promoting and developing the halal market for both parties, in particular to create investment opportunities, transfer knowledge and business matching.”</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner> This article appeared in The Edge Financial Daily, April 8, 2011.</div>

KUALA LUMPUR: Sozo Global Ltd, a China-based foodstuff manufacturer listed on Bursa Malaysia, may venture into the halal market via cooperation with the Halal Industry Development Corp Sdn Bhd (HDC), a unit of Minister of Finance Inc.

This would diversify the company’s markets, which include Japan, to the halal segment.

Sozo announced yesterday to Bursa that it had entered into a MoU with HDC to cooperate in “certain activities toward promoting and developing the halal market for both parties, in particular to create investment opportunities, transfer knowledge and business matching.”

This article appeared in The Edge Financial Daily, April 8, 2011.

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Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:

AirAsia X, Capital A, ViTrox, PavREIT, Luxchem, Chin Teck, MKHOP, TAS Offshore, Inta Bina, Heineken, Pantech and Infoline Tec 

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US economic growth for the first quarter could be revised higher and inflation will ease to more normal levels, Treasury Secretary Janet Yellen told Reuters on Thursday after a clutch of "peculiar" factors held the economy to its weakest showing in nearly two years.

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EUPE Corp Bhd's net profit surged by 28.9% to RM14.54 million in the fourth quarter ended Feb 29, 2024 (4QFY2024) from RM11.28 million a year ago, underpinned by a higher contribution from the property development division.

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CGS International has cut its earnings estimate for Inari Amertron Bhd as recent data flagged weakened smartphone demand, according to its research note on Thursday.

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AirAsia X Bhd (AAX), which will be taking over Capital A Bhd's aviation business, has announced the mechanics of its plan via a bourse filing on Thursday.

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AirAsia X Bhd (AAX), which will be taking over Capital A Bhd's aviation business, has announced the mechanics of its plan via a bourse filing on Thursday.

Prime Minister Datuk Seri Anwar Ibrahim on Thursday denied claims that the government will issue a licence for the operation of a casino in Forest City, Johor.

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IOI Properties Group broke ground on Thursday for Senna Puteri, its latest township development located in Sepang, Selangor. The developer is looking to launch 386 units of townhouses in its first phase before the end of the second quarter.

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The Malaysian Anti-Corruption Commission (MACC) has confirmed that former prime minister Tun Dr Mahathir Mohamad is among individuals under investigation by the commission.

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Chin Teck Plantations Bhd’s net profit surged sevenfold for the financial quarter ended Feb 29, 2024 (2QFY2024) thanks to higher palm oil production as well as lower operating and administrative expenses.

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MKH Oil Palm (East Kalimantan) Bhd (MKHOP), the plantation arm of property developer MKH Bhd, reported RM16.02 million net profit on the back of RM86.05 million revenue for the second quarter ended March 31, 2024 (2QFY2024), ahead of its listing on Bursa Malaysia’s Main Market.

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KUALA LUMPUR (April 25): Former prime minister Datuk Seri Najib Razak had never instructed 1Malaysia Development Bhd’s (1MDB) management to transfer a total US$1.03 billion to Good Star Ltd, a company linked to the fugitive Low Taek Jho (Jho Low), the court heard on Thursday.

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Shares of CapitaLand Malaysia Trust (CLMT) surged on Thursday to its highest in nearly four years while analysts remained upbeat following better-than-expected first-quarter (1Q) results.

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Global semiconductor firm Nasdaq-listed TTM Technologies Inc has invested US$200 million (about RM958 million) for its first manufacturing plant in Malaysia.

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The Council of Palm Oil Producing Countries (CPOPC) has called on the European Union to delay the implementation of deforestation rules by at least a year for small businesses, its secretary general said on Thursday.

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ViTrox Corp Bhd saw its net profit nearly halved for the financial quarter ended March 31, 2024 (1QFY2024), primarily due to unfavourable product mix and higher research and development (R&amp;D) expenditures to support the introduction of new products.

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