<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 19): Tasek Corp Bhd has received a notice from HL Cement (Malaysia) Sdn Bhd and Ridge Star Ltd for the extension of their unconditional voluntary takeover offer for shares in the company that the offerors do not own, to Aug 5.</p></div>

<div class=newsTextDataWrapInner><p>This is the second extension for the offer, after the offerors had previously extended the closing date to July 22 from July 9.</p></div>

<div class=newsTextDataWrapInner><p>Meanwhile, all other details and terms and conditions of the offer remain unchanged.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>As at July 18, the joint offerors hold a total of 97.89 million shares or 80.8% of Tasek’s outstanding shares and a total of 211,050 preference shares or 63% of the total shares.</p></div>

<div class=newsTextDataWrapInner><p>The joint offerors had in May launched the offer to acquire the shares of Tasek they do not own at RM5.50 per share.</p></div>

<div class=newsTextDataWrapInner><p>Independent adviser Mercury Securities Sdn Bhd had advised shareholders to accept the offer. While the offer for the shares is reasonable, the adviser said the offer for the preference shares was not fair.</p></div>

<div class=newsTextDataWrapInner><p>Tasek Corp’s share price closed unchanged at RM5.53, giving it a market capitalisation of RM683.63 million.</p></div>


Tasek Corp Bhd has received a notice from HL Cement (Malaysia) Sdn Bhd and Ridge Star Ltd for the extension of their unconditional voluntary takeover offer for shares in the company that the offerors do not own, to Aug 5.

This is the second extension for the offer, after the offerors had previously extended the closing date to July 22 from July 9

HL Cement, Ridge Star extend closing date for Tasek Corp takeover offer

PUTRAJAYA ( April 25): Malaysia’s inflation stayed at 1.8% in March 2024 from a month ago, according to the Department of Statistics Malaysia (DOSM).

Malaysia’s inflation stays at 1.8% in March 2024

Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders.

Malaysia is said to mull casino resort to revive Forest City

KUALA LUMPUR (April 25): The Employees Provident Fund (EPF) members, who are below 55 years old, will have an Account 3, in addition to the existing two accounts for their retirement savings, starting May 11.

EPF members under age 55 will have Account 3 starting May 11

(April 25): Goldman Sachs Group Inc plans to hire “steadily” in Asia to cater to the growing number of family offices and super-rich in the region, The Straits Times reported on Thursday.

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SK Hynix Inc said it expects a full recovery in the memory market, led by surging artificial intelligence (AI)-related demand, and lifted its capital spending plans.

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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.

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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.

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(April 24): Some of the world's largest solar equipment makers asked President Joe Biden's administration on Wednesday to impose tariffs on panels and cells from four Asian countries, to protect billions of dollars in investments in US manufacturing.

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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>

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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>


<p>Benchmark S&amp;P 500 closed higher in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly from technology giants.</p>


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<p>Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments.</p>


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<p>RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend after the recent consolidation above the 97.5 sen breakout level.</p>


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<p>Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders.</p>


<p>Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo.</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>


<p>(April 24): Some of the world's largest solar equipment makers asked President Joe Biden's administration on Wednesday to impose tariffs on panels and cells from four Asian countries, to protect billions of dollars in investments in US manufacturing.</p>
