<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 23): Tong Herr Resources Bhd’s subsidiary has bought a 15.58%&nbsp; stake in Taiwanese stainless steel precision casting maker and trader Han Tec Precision Industry Co Ltd (HTPI) for NT$60 million (RM8.22 million).</p></div>

<div class=newsTextDataWrapInner><p>“The acquisition enables Tong Herr to diverge into a different business opportunity while remaining on the group’s similar business core which is stainless steel products,” the group said in a filing with Bursa Malaysia today.</p></div>

<div class=newsTextDataWrapInner><p>Tong Herr said its 51%-owned subsidiary, Tong Herr Aluminium Industries Sdn Bhd, acquired six million shares in HTPI, which is subject to the final approval of Taiwan’s Taoyuan City Government.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Following the acquisition, HTPI becomes 15.58% owned by Tong Herr Aluminium while Tong Herr effectively holds 7.95% equity interest in HTPI.</p></div>

<div class=newsTextDataWrapInner><p>Tong Herr said the acquisition was financed from internally-generated funds.</p></div>

<div class=newsTextDataWrapInner><p>Its shares fell 10 sen or 2.63% to close at RM3.70 for a market capitalisation of RM572.16 million.</p></div>


KUALA LUMPUR (Nov 23): Tong Herr Resources Bhd’s subsidiary has bought a 15.58%  stake in Taiwanese stainless steel precision casting maker and trader Han Tec Precision Industry Co Ltd (HTPI) for NT$60 million (RM8.22 million).

“The acquisition enables Tong Herr to diverge into a d...

Tong Herr buys 15.58% stake in Taiwan stainless steel casting maker

Pavilion Real Estate Investment Trust (PavREIT) reported that its first quarter net property income (NPI) jumped 33.2% year-on-year, thanks largely to contribution from its newly acquired mall, Pavilion Bukit Jalil. The increase was also attributed to higher occupancy rates and higher revenue rent from its other retail malls.

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The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to still tight labour market conditions.

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US economic growth slowed more than expected in the first quarter, but an acceleration in inflation suggested that the Federal Reserve would not cut interest rates before September.

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The World Bank said on Thursday that Malaysia's education system still has areas for improvement, particularly in addressing learning challenges faced by children from disadvantaged backgrounds.

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J Sainsbury plc expects profits to rise this year on the back of strong food sales, as the company prioritises groceries above clothing and general merchandise.

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IndiGo, India's top airline by market share, placed an order with Airbus for 30 A350-900 jets, it said on Thursday, its first-ever order for widebody aircraft.

Indian carriers are trying to keep pace with the world's fastest-growing aviation market, where demand for air travel has surged post-pandemic, even as plane manufacturers struggled to meet output goals.

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Thailand will name former corporate energy executive and central bank board member Pichai Chunhavajira as its new finance minister, taking over the role from Prime Minister Srettha Thavisin, two government sources told Reuters on Thursday.

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MOSCOW (April 25): The head of the Belarusian security service said on Thursday it had thwarted an attack on the capital Minsk by drones launched from Lithuania, Russian state news agencies said.

There was no immediate comment from NATO-member Lithuania.

"The State Security Co...

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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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<p>Shares of YTL Corp Bhd rallied to a new all-time high on Thursday after Hong Leong Investment Bank (HLIB) flagged more upside even after a 42% year-to-date surge.</p>


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<p>Digital Nasional Bhd (DNB), the state-owned company in charge of the 5G network infrastructure rollout, on Thursday named five new board members, comprising senior leaders from the telecom and technology industries.</p>


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<p>A made-in-China electric vehicle (EV) will hit US dealers this summer offering power and efficiency similar to the Tesla Model Y, the world's best-selling EV, but for about US$8,000 (RM38,228) less.</p>


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<p>Sports retailer Al-Ikhsan Sports Sdn Bhd, in which state-owned private equity firm Ekuiti Nasional Bhd (Ekuinas) owns a 35% stake, has appointed Datuk Hishammudin Hasan as its new chief executive officer effective April 17.</p>


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<p>Wireless carrier Axiata Group Bhd and conglomerate PT Sinar Mas Group are moving forward with plans to merge their telecommunications operations in Indonesia, people familiar with the matter said.</p>


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<p>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.</p>


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<p>KUALA LUMPUR (April 25): Mega First Corp Bhd shares have likely peaked following a recent rally to new all-time highs, and investors should stop buying the stock now, Maybank Investment Bank (Maybank IB) said and downgraded the stock to ‘hold’.</p>

<p>Maybank IB is the first from a total of fi...

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<p>Housing and Local Government Minister Nga Kor Ming’s press secretary Pang Sock Tao was announced as the unity government’s candidate for the Kuala Kubu Baharu by-election on May 11.</p>


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<p>JOHOR BAHRU (April 25): The Johor branch of the Malaysian Quarantine and Inspection Services Department (Maqis) found parasitic worms Anisakis sp in samples of sardine cans from China that were brought in through the Sultan Iskandar Building (BSI) here, earlier this month.</p>


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<p>KUALA LUMPUR (April 25): Agricore CS Holdings Bhd, a food ingredients supplier, has obtained approval from Bursa Malaysia Securities Bhd to list on its ACE Market.</p>


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<p>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.</p>

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<p>Malaysia’s consumer inflation came in lower than expected in March from a year earlier as prices of healthcare and food rose at a slower pace, official data on Thursday showed.</p>

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<p>The Malaysian Anti-Corruption Commission (MACC) has confirmed that former prime minister Tun Dr Mahathir Mohamad is among individuals under investigation by the commission.</p>


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


<p>The Court of Appeal has allowed a bid by Tan Sri Muhyiddin Yassin to have a bench of five judges to hear his review application to restore his acquittal by the High Court of four of his abuse of power charges last year.</p>

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<p>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.</p>


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<p>Luxchem Corp Bhd’s net profit for the first quarter ended March 31, 2024 (1QFY2024) surged over 54% to RM11.56 million or 1.08 sen per share from RM7.5 million or 0.7 sen per share a year earlier on the back of stronger earnings from both its trading and manufacturing segments.</p>

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<p>Investors are looking for the next policy domino to fall in Asia amid an escalating campaign against a resurgent dollar, after Indonesia used a surprise interest rate hike to defend the rupiah.</p>
