Petronas Dagangan Bhd (PetDag) reported a 16% increase in its net profit for the second quarter ended June 30, 2023 (2QFY2023) to RM275.71 million or 27.80 sen per share, from RM237.68 million or 23.90 sen per share a year ago.

PetDag 2Q net profit rises 16%, declares 18 sen dividend

KUALA LUMPUR (March 23): Fitters Diversified Bhd saw Datuk Ho Shu Keong, its independent non-executive director appointed in July 2019, emerge as substantial shareholder in the fire-fighting systems specialist, after he acquired 10 million shares representing a 2.3% stake on March 20.

Fitters Diversified, PRG

KUALA LUMPUR (Sept 28) Two new substantial shareholders — Kenny Khow Chuan Wah and Chong Koon Meng — have emerged in business ICT solutions provider MMAG Holdings Bhd.

It is worth noting that the company's managing director Wong Eng Su has also recently emerged as a substantial sharehol...

New substantial shareholders emerge in MMAG

KUALA LUMPUR (June 7): O&C Resources Bhd saw a 4.19% equity stake worth RM4.5 million traded off market at 50 sen per share.

The transactions are done in two blocks of 4.99 million and 3.99 million shares.

For comparison, a total of 4.8 million O&C Resources shares wer...

O&C Resources, Magni-Tech see substantial stakes traded off market

KUALA LUMPUR (May 27): Mexter Technology Bhd, which saw its share price hit a one-year high today, saw a substantial 31.28% of its shares traded off market today.

According to Bloomberg data, the 61.55 million shares were transacted in three blocks, ranging from 4.29 million to...

Mexter sees 31.28% stake traded off market; former ED sells off his shares

KUALA LUMPUR (May 9): DBE Gurney Resources Bhd's managing director Datuk Ding Seng Huat has raised his direct shareholding in the integrated poultry company to 13.08%, from 9.9% previously.

In a filing with Bursa Malaysia today, DBE Gurney said Ding made an off-market acquisition of 25 ...

DBE Gurney MD ups stake to 13%, chairman ceases to be substantial shareholder

KUALA LUMPUR (May 4): Property investment and investment holdings company Pan Malaysian Industries Bhd (PMIB) has ceased being a substantial shareholder in four companies, including its associate Malayan United Industries Bhd (MUIB).

In separate filings to Bursa Malaysia today, MUIB, Pa...

Pan Malaysian Industries ceases to be substantial shareholder in four listed companies

KUALA LUMPUR (May 3): Integrated health supplements manufacturer Bioalpha Holdings Bhd saw 3.9% of its shares traded off market today, for a total value of RM6.38 million.

According to Bloomberg data, the transaction prices were between 32.5 sen to 35 sen per share, represents discount ...

Bioalpha sees 3.9% of its shares traded off-market

KUALA LUMPUR (April 29): Berjaya Corp Bhd (BCorp) saw nearly 3.6% of its shares traded off market today, for a total of RM61.29 million.

According to Bloomberg data, the shares moved in four blocks, ranging from 353,600 shares to 160 million per block, for a value of between RM...

Berjaya-related stocks see substantial stake traded off market

KUALA LUMPUR (April 22): Timber products manufacturer NWP Holdings Bhd and geotechnical engineering firm Emas Kiara Industries Bhd saw notable off-market trade today.

According to Bloomberg data, NWP Holdings saw 5.09% or 16.3 million shares traded off market.

The tra...

NWP Holdings, Emas Kiara see notable off-market trade

KUALA LUMPUR (April 12): Geosynthetic engineering specialist Emas Kiara Industries Bhd and automated equipment developer cum manufacturing solutions provider Pentamaster Corp Bhd saw notable off-market trade today.

According to Bloomberg data, 4.35% or four million shares in Em...

Emas Kiara, Pentamaster see notable off-market trade

KUALA LUMPUR (Dec 16): Lembaga Tabung Haji (LTH) has ceased to be a substantial shareholder in Y.S.P. Southeast Asia Holdings Bhd (YSPSAH), after disposing of 4 million shares or a 2.9% stake in the company.

In a filing with Bursa Malaysia today, the pharmaceutical firm said the Islamic...

Tabung Haji ceases to be substantial shareholder in YSP Southeast Asia

KUALA LUMPUR (Dec 9): Berjaya Corp Bhd founder Tan Sri Vincent Tan cut his stake in Stemlife Bhd to 8.99% following a take-over offer for the stem-cell specialist.

Cordlife Group Ltd is offering to buy the remaining shares in Stemlife for 45 sen a share. The offer turned unconditional l...

Berjaya founder Vincent Tan cuts Stemlife stake 

Permodalan Kedah Bhd (PKB) has inked a memorandum of understanding (MOU) with Royal Eco Train Development, Republic of Korea (RETD Korea), for the Light Rail Transit (LRT) project in Langkawi.

Permodalan Kedah inks MOU with Korean firm for LRT in Langkawi

Tex Cycle Technology (M) Bhd said on Monday it has partnered with Evolusi Bersatu Sdn Bhd to invest RM100 million in Sabah’s first integrated scheduled waste management facility.

Tex Cycle in JV to invest RM100m to build Sabah waste management facility

SEPANG (April 29): The Malaysian Aviation Commission (Mavcom) does not expect any further delays to the implementation of the Airport Quality of Services (QoS) Framework at the Kuala Lumpur International Airport (KLIA) beyond this year.

No more delays for full implementation of Airport QoS Framework at KLIA, says Mavcom

The Malaysian Maritime Enforcement Agency (MMEA) is set to receive four new helicopters after the Ministry of Home Affairs (KDN) finalised the acquisition of these aircraft.

KDN finalises acquisition of four helicopters worth RM600 mil for MMEA

Gadang Holdings Bhd has called off its planned acquisition of a 21.08-acre land in Kwasa Damansara — known as R3-1 — for RM114.78 million from Kwasa Development (3) Sdn Bhd (KD3), to be developed into a residential project.

Gadang calls off Kwasa Damansara land buy after failing to get EPU waiver for Bumi equity requirement

Saudi Arabia-based renewable energy giant ACWA Power has expressed interest to invest more than US$10 billion (RM47.64 billion) in Malaysia over a 10-year period, in collaboration with Cypark Resources Bhd.

Saudi-based ACWA Power keen on investing over US$10b in M'sia, in collaboration with Cypark

Tourism industry operators have been urged to comply with the Asean Tourism Standards to raise the quality of service and promote a good tourism image for the country.

Tiong tells operators to comply with Asean Tourism Standards to attract more tourists 

KK Supermart & Superstore Sdn Bhd Group founder and executive chairman Datuk Seri Dr Chai Kee Kan and his wife, Datin Seri Loh Siew Mui, who are facing two counts of intentionally wounding the religious feelings of others over the sale of socks bearing the word 'Allah', will submit a representation to the Attorney General's Chambers (AGC).

'Allah' socks: KK Mart founder, wife to submit representation to AGC

The by-election campaign for the Kuala Kubu Baharu state seat which entered its third day on Monday went smoothly and no untoward incidents were reported so far.

KKB by-election campaign running smoothly — Selangor police

Spain's Prime Minister Pedro Sanchez said on Monday he had decided to continue in office, days after abruptly announcing he was considering his future following the launch of a corruption investigation against his wife.

Spain's prime minister Pedro Sanchez stays on after weighing exit

QSR Brands (M) Holdings Bhd is suspending over 100 KFC outlets temporarily nationwide after about half a year of boycott movement, Nanyang Siang Pau reported, citing information from Google Maps.

Boycott causes over 100 KFC outlets to suspend ops, report says

Berjaya Corp Bhd (BCorp), which last week denied that its founder Tan Sri Vincent Tan Chee Yioun had participated in talks to revive a US$100 billion (RM477.60 billion) Forest City casino resort as reported recently, has lodged reports for the police to commence investigation into the above matter, specifically to, amongst others, ascertain and find out the purported “unnamed source” who disseminated complete untrue and false statements.

Berjaya Corp lodges police report to identify 'unnamed source' in Forest City casino resort debacle

Shares of YTL Power International Bhd and YTL Corp Bhd rose to fresh highs on Monday as investors piled on stocks with exposure in artificial intelligence (AI).

YTL Power, YTL Corp touch new highs

Shares of YNH Property Bhd surged to their highest in three weeks after the real estate developer said it has remedied the technical default of its sukuk programme.

YNH Property surges 11% to three-week high after default remedy

Engineering solutions provider Kawan Renergy Bhd on Monday began taking orders from investors for its ACE Market initial public offering (IPO) that would raise up to RM33 million.

Kawan Renergy sets IPO price at 30 sen apiece in bid to raise RM33m 

KUALA LUMPUR (April 29): Mercury Securities Sdn Bhd has recommended investors to “subscribe” to ACE Market-bound Farm Price Holdings Bhd at an initial public offering (IPO) price of 24 sen and a fair value (FV) of 29 sen based on 13x FY2024F earnings per share, translating to 21% upside to IPO pr...

Mercury Securities advises investors to subscribe to ACE Market-bound Farm Price with fair value of 29 sen 

Shares of Capital A Bhd and AirAsia X Bhd (AAX) climbed further during Monday’s morning trading session, riding on a proposal announced last Thursday to merge the short- and long-haul airline operations of both companies.

AAX, Capital A lift off on merger proposal to extend rally

Real estate developer UOA Development Bhd said it plans to launch two new projects worth an estimated RM2.7 billion in gross development value (GDV) this year.

UOA Development to launch two projects worth RM2.7b by June

SUPERMAX Holdings Sdn Bhd (SHSB), which holds 40.3% in Supermax Corp Bhd, is the subject of a winding-up petition.

SHSB is the private company of Datuk Seri Stanley Thai and his wife, Datuk Wira Cheryl Tan Bee Geok. The couple, who have been and still are having differences in their rel...

Newsbreak: Supermax's Cheryl Tan seeks to wind up holding company

Top Glove Corporation Bhd bagged the Platinum Trusted Brand Award in the Hygiene/Disposable Gloves category at the Reader’s Digest Malaysian Trusted Brand 2024 awards.

China crash involving Huawei-backed Aito electric vehicle kills three

TotalEnergies, a global energy supplier based in France, has stated its commitment to increasing its investment in Malaysia’s upstream oil and gas (O&amp;G) sector, said Prime Minister Datuk Seri Anwar Ibrahim.

TotalEnergies has stated commitment to boost investment in Malaysia's upstream O&G sector — Anwar

When South Korea decided to host a US anti-ballistic missile system, the lucrative flow of tourists from neighboring China suddenly dried up. When Australia accused Beijing of meddling in its domestic politics and demanded answers over the origins of Covid-19, China stopped buying exports like coal, wine and beef.

US ramps up help as countries plan response to China’s bullying

Shares in LPI Capital Bhd snapped a three-day losing streak on Monday, after the general insurer reported a 37% net profit surge in the first quarter, thanks largely to sharply lower net expenses from reinsurance contracts held and higher investment income.

LPI Capital’s 1Q net profit surges 37%, shares snap losing streak after results

Shares of Turiya Bhd rallied on Monday to their highest in over three years after Tan Sri Mohan MK Swami and his partner agreed to acquire a 58% stake in the property management firm for RM52.86 million.

Turiya rallies to over three-year high with entry of Mohan Swami, partner

An appliance maker in southern China is finding it hard to ship its products to Russia, not because of any problems with the gadgets but because China's big banks are throttling payments for such transactions out of concern over US sanctions.

China firms go 'underground' on Russia payments as banks pull back

After eight consecutive weeks of net selling, foreign investors shifted to become net buyers on Bursa Malaysia last week, with a total investment of RM292.2 million.

MIDF: Foreign investors ended eight weeks of selling with total inflow of RM292m last week

Malakoff Corp Bhd has inked a partnership with China Northeast Electric Power Engineering &amp; Services Co Ltd (NEPCS) for technical manpower supply for the operation and maintenance (O&amp;M) of combined cycle power plant (CCPP) projects under NEPCS in Bangladesh.

Malakoff inks deal to expand operation and maintenance services to Bangladesh

The yen jumped suddenly against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities to try to underpin a relentless tumble in the currency to levels last seen over three decades ago.

Japan's yen jumps against the dollar on suspected intervention

The yen jumped sharply against its peers on Monday after it slid past 160 per dollar earlier in the session, leading to speculation that Tokyo could have intervened in the currency market while the country was out for a holiday.

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