<div class=newsTextDataWrapInner><p>SINGAPORE (Feb 24): Global Premium Hotels, one of Singapore's largest chain of economy-tier and mid-tier hotels, is to be taken private by its chairman Koh Wee Meng.</p></div>

<div class=newsTextDataWrapInner><p>In a filing on Thursday night, JK Global Capital, an investment company controlled by Koh, is offering 36.5 Singapore cents per share for the shares he does not own.</p></div>

<div class=newsTextDataWrapInner><p>The offer price is 14.1% higher than the closing price of 32 Singapore cents on Feb 20, the last full trading day before the announcement.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It is also 23.3% above the six month volume weighted average price.</p></div>

<div class=newsTextDataWrapInner><p>The offer price is said to be final and Koh does not intend to revise the offer price.</p></div>

<div class=newsTextDataWrapInner><p>The voluntary cash offer is conditional on JK Global Capital and its concert parties receiving acceptances that bring its shareholding to at least 90%.</p></div>

<div class=newsTextDataWrapInner><p>JK Global Capital said that it has secured irrevocable undertakings representing 71.86% of the total number of issued shares.</p></div>


SINGAPORE (Feb 24): Global Premium Hotels, one of Singapore's largest chain of economy-tier and mid-tier hotels, is to be taken private by its chairman Koh Wee Meng.

In a filing on Thursday night, JK Global Capital, an investment company controlled by Koh, is offering 36.5 Singapore cen...

Chairman Koh Wee Meng of Global Premium Hotels to take company private; offers 36.5 Singapore cents for each share

erman police have arrested an employee of an Alternative for Germany (AfD) politician in the eastern German city of Dresden on suspicion of espionage for China, broadcasters ARD, RBB and SWR reported on Tuesday.

Staffer of Germany's AfD arrested on suspicion of China espionage — reports

Malaysia’s Single Window for the Startup Ecosystem (MYStartup), a game-changing one-stop online platform for start-ups, was launched at the KL20 Summit 2024 here on Tuesday.

MYStartup a one-stop online platform for start-ups — minister

PETALING JAYA (April 23): Tropicana Corp Bhd is partnering with Maybank Islamic Bhd to provide a home financing solution called Maybank Islamic’s HouzKEY.

Tropicana partners Maybank Islamic to offer HouzKEY home financing solution

System installation works on the East Coast Rail Link (ECRL) involving the construction of electrification, signalling and telecommunication systems for the operation of passenger and cargo trains are expected to begin in May.

ECRL system installation works to start in May

CONSTRUCTION firm GDB Holdings Bhd — which has been embroiled in disputes with KSK Group in the last two years over the development of the 8 Conlay project in Kuala Lumpur — appears to be back on investors’ radar, judging by the recent upward trend in its share price.

According to marke...

GDB Holdings a front runner for several jobs

theedgemalaysia.com highlighted seven stocks with momentum at Bursa Malaysia's afternoon close on Tuesday. Two stocks showed positive momentum while five indicated negative momentum.

Jasa Kita, MMS Ventures, Ancom Logistics, Aneka Jaringan, Censof, Kimlun, MClean

Asian shares extended gains on Tuesday, taking cues from Wall Street as investors' focus shifts to earnings reports from US tech giants in the week, while a still strong dollar pressured the Japanese yen to fresh 34-year lows.

Asian shares extend gains ahead of tech earnings, yen fragile

Communications Minister Fahmi Fadzil advised media practitioners and the public against circulating video clips of a crash involving two Royal Malaysian Navy (RMN) helicopters in Lumut, Perak on Tuesday morning.

Refrain from circulating clips of RMN helicopters' crash, Fahmi advises

KUALA LUMPUR (April 23): The nation mourns the heart-wrenching tragedy involving the crash of two Royal Malaysian Navy (RMN) helicopters in Lumut, Perak on Tuesday morning, said Prime Minister Datuk Seri Anwar Ibrahim.

RMN copter crash: Nation saddened, MAF deeply affected, says PM

Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is still in the pre-qualification stage for the acquisition of national carrier SriLankan Airlines. 

However, AirAsia Consulting has yet to submit any price bid since due diligence has not been carried out, its chief executive officer Subashini Silvadas told The Edge on Tuesday.

Capital A’s unit in RFQ process for SriLankan Airlines, no price bid yet

<p>The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.</p>




Najib's 1MDB-Tanore trial live reporting (April 23)

<p>Ten members of the Royal Malaysian Navy (RMN) were confirmed dead in an incident where two helicopters collided and crashed at the Royal Malaysian Navy (RMN) base in Lumut, Perak on Tuesday morning.</p>


Two helicopters crash in Lumut, 10 confirmed killed — RMN

<p>Shares of Topmix Bhd surged 32% in its trading debut on Tuesday after the surface decorative products company’s initial public offering (IPO) on the ACE Market raised RM31.7 million.</p>


Topmix surges 32% on ACE Market debut

<p>Brazil's government said on Monday that four additional poultry plants have been cleared to sell halal products to Malaysia, a move it hopes will allow exports to the Asian country to double when compared to last year's levels.</p>


Brazil says Malaysia clears four more halal poultry plants for export

<p>Healthcare stocks still have legs to run following the recent rally and investors should continue to buy hospital operators for their further earnings growth this year, analysts said.</p>


KPJ near record high, IHH surges as analysts bet on more upside

<p>Eight contractors face possible Malaysia Competition Commission (MyCC) fines for alleged bid rigging in 2019, in respect of two tenders of the Public Works Department (JKR) and one tender of the Department of Drainage and Irrigation.</p>


Eight contractors face possible MyCC fines for bid rigging in tenders worth RM473m

<p>Malaysia’s construction tender prices are&nbsp;expected to grow by 3% in 2024, compared to the previous year, driven by various factors such as project type, industry procurement strategy and currency fluctuations, according to a report by global professional services company Turner &amp; Townsend.</p>


Malaysia’s construction tender prices to grow by 3% in 2024, says Turner & Townsend

<p>Asian shares extended gains on Tuesday, taking cues from Wall Street as investors' focus shifts to earnings reports from US tech giants in the week, while a still strong dollar pressured the Japanese yen to fresh 34-year lows.</p>


<p>Former Umno Supreme Council member Hizatul Isham Abdul Jalil or better known as Isham Jalil has offered to make an unreserved apology to bring an end to his contempt of court proceedings.</p>


Ex-Umno leader ready to apologise in contempt of court case

<p>Hong Leong Investment Bank (HLIB) has a “trading buy” rating on SDS Group Bhd and said with 33 of its F&amp;B outlets situated across Johor state, and a wholesale segment that is focusing in this region, SDS appears strategically positioned to leverage the burgeoning vibrancy in Johor, propelled further by the continuous influx of visitors from Singapore.</p>


SDS strategically positioned to leverage burgeoning vibrancy in Johor, says HLIB 

<p>Datin Seri Rosmah Mansor's appeal against her guilty conviction and sentence over all three counts of graft pertaining to the RM1.25 billion solar hybrid project for 369 rural schools in Sarawak will be heard in October.</p>


October hearing for Rosmah's appeal in solar project graft trial

<p>Bursa Malaysia opened higher on Tuesday, taking its cue from Wall Street’s better performance overnight, as sentiment improves after Iran said it will not escalate the conflict with Israel, said an analyst.</p>


Bursa up in early trade, tracking Wall Street overnight

<p>Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence (AI) chips through resellers, despite the US widening a ban last year on the sale of such technology to China.</p>


China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show

<p>Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as investors eyed a busy week for quarterly results from key companies that would provide a glimpse of the US economy's health.</p>


Wall Street stocks end higher with major corporate earnings in view

<p>Malton Bhd has unveiled the final tower (Block B) of River Park, following the successful launch of its previous Tower A and Tower C blocks with more than 70% take-up rate.</p>


Malton unveils River Park's final tower

<p>Rakuten Trade has a “buy” rating on ACE Market-bound surface decorative products company Topmix Bhd at an initial public offering (IPO) price of 31 sen, with a fair value of 40 sen based on financial year 2024 (FY2024) forecast price-earnings (PE) of 15x, in line with industry peers.</p>


Rakuten Trade values Topmix at 40 sen, expects FY2023-FY2026 earnings to grow at CAGR of 25%

<p>Indonesian President Joko Widodo and his son, incoming vice-president Gibran Rakabuming Raka, are no longer members of the country's largest party after they backed rival candidate and election winner Prabowo Subianto, a party official said on Tuesday.</p>


Indonesia's biggest party confirms President Jokowi no longer a member after backing Prabowo

<p>South Korea is emerging as a closely watched weak link in the US$63 trillion (RM298.95 billion) world of shadow banking.</p>


Shadow banking stress in South Korea sends warning to global investors

<p>In Part 1, I outlined three possible scenarios for voter turnout and support for the DAP/PH/unity government candidate in the upcoming by-election in Kuala Kubu Baharu (KKB), out of which there is only one scenario where the incumbent manages to defend the seat. In this concluding part of this article, I will outline some of the likely and desired parameters of contestation during the campaign.</p>


Kuala Kubu Baharu by-election: The challenges for DAP, PH, unity government — Part 2

<p>The two helicopters which collided and crashed at the Royal Malaysian Navy (RMN) Base were undergoing a rehearsal for the third time in conjunction with RMN Fleet Open Day celebration scheduled on Saturday (April 27).</p>
