<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 6): Scomi Engineering Bhd rose some 28.57% or 9 sen to trade at 40.5 sen today after <em>The Edge Weekly</em> reported that Chinese investors may buy a stake in the company.</p></div>

<div class=newsTextDataWrapInner><p>The counter surged as high as 44 sen in early trade before paring gains on some 4.37 million shares traded. It was among the top ten gainers on Bursa Malaysia.</p></div>

<div class=newsTextDataWrapInner><p><em>The Edge Weekly</em> in its latest edition reported that Chinese investors are interested in Scomi Engineering's monorail manufacturing operation and may acquire a direct holding in its wholly-owned subsidiary Scomi Rail Bhd or buy a stake in the listed entity.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>&quot;Many Chinese companies have come forward but nothing has been signed yet. But these parties have shown genuine interest,&quot; a source familiar with the matter was reported as saying.</p></div>

<div class=newsTextDataWrapInner><p>Meanwhile, parent company Scomi Group Bhd was also actively traded with some 12.9 million shares changing hands as at 10.21am today. The counter was up 12.9% or 2 sen at 17.5 sen.</p></div>

<div class=newsTextDataWrapInner><p>Scomi Group has a 72.33% stake in Scomi Engineering.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Feb 6): Scomi Engineering Bhd rose some 28.57% or 9 sen to trade at 40.5 sen today after The Edge Weekly reported that Chinese investors may buy a stake in the company.

The counter surged as high as 44 sen in early trade before paring gains on some 4.37 million sh...

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<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>


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<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>


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<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>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>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>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...

<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 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>
