<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 26): Jewellery maker DeGem Bhd will be delisted from the Main Market of Bursa Malaysia effective next Wednesday, the group said in an exchange filing today.</p></div>

<div class=newsTextDataWrapInner><p>"The entire issued share capital of DeGem will be removed from the official list of Bursa Securities with effect from 9am, July 1, 2020, pursuant to Paragraph 16.07(b) of the Main Market Listing Requirements," it said.</p></div>

<div class=newsTextDataWrapInner><p>DeGem shares were last traded on June 5, settling at RM1.09 apiece, before trading of the company's securities was suspended prior to the delisting.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>On Sept 25, 2019, DeGem’s major shareholder Legion Master Sdn Bhd offered minorities RM1.10 a share to take the group private.</p></div>

<div class=newsTextDataWrapInner><p>At the time, Legion controlled a 58.83% direct stake or 76.97 million shares in DeGem and together with persons acting in concert, collectively controlled 83.09% of the firm or 108.71 million shares.</p></div>

<div class=newsTextDataWrapInner><p>DeGem had previously said that its listing status had minimal value-add to the company and its shareholders as the company had not undertaken any equity fund raising through the platform over the last 10 years.</p></div>

<div class=newsTextDataWrapInner><p>Privatisation would afford DeGem greater flexibility to develop its existing business whilst exploring opportunities without having to incur compliance costs as a listed entity, it added.</p></div>


Jewellery maker DeGem Bhd will be delisted from the Main Market of Bursa Malaysia effective next Wednesday, the group said in an exchange filing today.

"The entire issued share capital of DeGem will be removed from the official list of Bursa Securities with effect from 9am, July 1, 2020, pursuant to Paragraph 16.07(b) of the Main Market Listing Requirements," it sai

DeGem to delist from Bursa on July 1

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Top executives at Japan’s trading houses have warned that the tumbling yen will crimp efforts to expand business overseas.

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Analysts anticipate continuous growth for Westports Holdings Bhd for the rest of the year on the back of sustained trade activities in the regional economies and multi-year high foreign direct investment (FDI).

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Lotte Chemical Titan Holding Bhd (LC Titan) is expected to face widening core losses in the second quarter ending June 30, 2024 (2QFY2024) from lower sales volume and weak product spread, according to TA Securities.

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<p>KUALA LUMPUR (May 2): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:</p>

<p><strong>Yinson Holdings Bhd</strong> has closed the limited recourse term loan facility of up to US$1.3 billion (RM6.2 billion) for the financing of its Ago...

Yinson, Protasco, LCTitan, Westports, UOA REIT, Frontken, Pasukhas, BHIC, JAKS, Epicon, Sarawak Cable, Annum, Aldrich, Ajinomoto, Ageson and SMI

<p>South Malaysia Industries Bhd (SMI) has appointed Leow Thang Fong as its new chief executive officer, effective May 1, two months after a group of shareholders rejected him from being re-elected executive director at its annual general meeting (AGM).</p>


SMI makes Leow Thang Fong CEO after his reappointment as ED rejected at AGM

<p>Asian stocks rallied on Friday after Apple's record US$110 billion (RM523.15 billion) share buyback plan lifted the tech sector, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected interventions from Tokyo.</p>


<p>Shares of Ajinomoto (Malaysia) Bhd surged to their highest in nearly six years after the food and seasoning company announced the ex-date for its special dividend.</p>


<p>The rally in tech heavyweights extended into late hours after better-than-estimated results from&nbsp;Apple Inc, with the iPhone maker also raising its dividend and announcing plans to buy back more stock.</p>


Tech jumps in late hours on Apple’s solid outlook

<p>The Penang government plans to hold a workshop with stakeholders to finalise the Penang Mutiara Line Light Rail Transit (LRT) Project following minor amendments to the original plan.</p>

<p>Chief Minister Chow Kon Yeow said the workshop is expected to be held within a week or two so that further work involving the transformative infrastructure project can be carried out.</p>


Penang to hold workshop with stakeholders to finalise Mutiara Line LRT alignment

<p>Türkiye&nbsp;stopped all exports and imports to and from Israel as of Thursday, the Turkish trade ministry said, citing a "worsening humanitarian tragedy" in the Palestinian territories.</p>


Türkiye halts all trade with Israel, cites worsening Palestinian situation

<p>Technical and Vocational Education and Training (TVET) programmes are set to be enhanced to address the shortage of 30,000 engineers in the country, said Prime Minister Datuk Seri Anwar Ibrahim.</p>

<p>He also emphasised the importance of focusing on Artificial Intelligence (AI) technology to keep pace with current demands.</p>


TVET in Malaysia to be enhanced to address shortage of 30,000 engineers — PM

<p>The Federal Government agrees with the Kelantan government's proposal to extend the runway at the Sultan Ismail Petra Airport by 400 metres for it to become an international airport.</p>

<p>Prime Minister Datuk Seri Anwar Ibrahim said he had asked Transport Minister Anthony Loke Siew Fook to expedite the ongoing construction of the airport.</p>


Sultan Ismail Petra Airport to be upgraded as international airport — Anwar

<p>Apple's quarterly results and forecast beat modest expectations on Thursday, as the iPhone maker unveiled a record share buyback program, sending its stock up almost 7% in extended trade.</p>


Apple unveils record US$110b buyback as results beat low expectations

<p>Prime Minister Datuk Seri Anwar Ibrahim said he has encouraged Japan and Qatar to explore investment opportunities in Kelantan.</p>

<p>As the country's leader, he said that he will always strive to help develop all states in Malaysia.</p>


PM encourages Japan, Qatar to explore investment in Kelantan

<p>Ageson Bhd said Virdos Lima Consultancy (M) Sdn Bhd (VL Consultancy) is in the final stage of completing its independent assessment report on the matters raised by its external auditor in its financial statements for the 18-month financial period ended Dec 31, 2022 (FPE2022).</p>


Ageson says independent review of audit issues raised by its auditor now in final stages

<p>Blogger Wan Muhammad Azri Wan Deris, or Papagomo, was charged in the Sessions Court here on Thursday with posting seditious articles against His Majesty Sultan Ibrahim, King of Malaysia on his X account.</p>

<p>Wan Muhammad Azri, 41, who is also a former Umno Youth exco member, pleaded not guilty to the charge before Judge Siti Aminah Ghazali.</p>


Papagomo charged with sedition against King

<p>Wall Street's main indexes advanced on Thursday, a day after the Federal Reserve left interest rates unchanged and signaled a dovish tilt, with focus moving to a crucial job report later in the week.</p>

<p>While Fed Chair Jerome Powell indicated that stubbornly high inflation would see a long-expected US rate cut pushed back, he refused to entertain talk that rates might actually need to go up again.</p>


Wall Street gains on Fed's dovish signals

<p>Frontken Bhd expects a stronger performance in the second half of this year (2HFY2024) after its first quarter results came in within expectations, according to Philip Capital.</p>


<p>The presence of and commitment shown by the Unity Government party machinery campaigning in the Kuala Kubu Baharu (KKB) state by-election to ensure victory for its candidate is clear proof of the government's integrity.</p>


KKB polls: Presence of party machinery is proof of Unity Government's togetherness — Zambry

<p>Bill Gross, who pioneered the “total return” strategy in the 1980s that revolutionized the bond market, says the approach is now defunct.</p>


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<p>Bond traders pulled forward expectations for the Federal Reserve’s (Fed) first full interest-rate cut by a month to November ahead of a key US jobs report on Friday.</p>


Traders pull forward first full Fed rate cut to November ahead of jobs

<p>Lotte Chemical Titan Holding Bhd (LC Titan) is expected to face widening core losses in the second quarter ending June 30, 2024 (2QFY2024) from lower sales volume and weak product spread, according to TA Securities.</p>


<p>The options market is betting that stocks will swing widely after Friday’s US jobs report, which traders expect will offer more clarity on how much the Federal Reserve may cut interest rates this year.</p>

<p>The S&amp;P 500 Index is expected to move 1.2% in either direction after the release, based on the cost of at-the-money puts and calls expiring Friday, according to Stuart Kaiser, Citigroup Inc’s head of US equity trading strategy. That figure, based on the prices of S&amp;P straddles as of Wednesday’s close, is the largest implied swing ahead of an employment report since March 2023, he said.</p>
