<div class=newsTextDataWrapInner>KUALA LUMPUR (Oct 15): Local furniture operator Homeritz Corp Bhd has proposed a bonus issue with free warrants to reward its shareholders and provide greater equity participation. 
&nbsp; 
The group said the bonus issue will be on the basis of one bonus share for every four existing shares held, and one free warrant&nbsp; for every four existing shares held by shareholders on an entitlement date to be announced later. 
&nbsp; 
The issuance will involve up to 93.75 million bonus shares and 93.75 million warrants, it said in a filing with Bursa Malaysia. 
&nbsp; 
Homeritz said the exercise price of the warrants is fixed at 75 sen. But upon implementation of the bonus issue, the exercise price will be adjusted to 60 sen. 
&nbsp; 
Assuming the full exercise of the warrants at 60 sen per warrant, the exercise could raise up to RM56.25 million, with the proceeds to be used for the group's working capital. 
&nbsp; 
Shares of Homeritz closed five sen or 6.04% higher at 79 sen, valuing the group at RM237.02 million.</div>
</div><div class=inPageAd id=div-gpt-ad-inpage>

Local furniture operator Homeritz Corp Bhd has proposed a bonus issue with free warrants to reward its shareholders and provide greater equity participation.
 
The group said the bonus issue will be on the basis of one bonus share for every four existing shares held, and one free warrant  for every four existing shares held by shareholders on an entitlement date to be announced later.

Homeritz Corp proposes bonus issue with free warrants

Warburg Pincus and Singapore’s Temasek Holdings Pte agreed to acquire Specialist Risk Group Ltd (SRG), an independent insurance intermediary based in London.

Warburg Pincus, Temasek buy insurance services firm SRG in £1 bil deal

Putrajaya's plan to implement targeted subsidies will begin with diesel, and involve only consumers in Peninsular Malaysia, according to Prime Minister Datuk Seri Anwar Ibrahim.

Anwar: Targeted subsidies to start with diesel and involve only consumers in Peninsular Malaysia

Petronas Dagangan Bhd (KL:PETDAG), the marketing arm of Petroliam Nasional Bhd (Petronas), has appointed Azureen Azita Abdullah as its new chief operating officer (COO), effective June 1.

PetDag appoints Azureen Azita Abdullah as new COO

The five telecommunications groups that enrolled themselves to subscribe for shareholdings in Malaysia’s 5G network wholesaler Digital Nasional Bhd (DNB) are required to finalise their respective share subscription agreements (SSAs) over the next 20 days, according to a Bernama report on Tuesday.

Telcos given 20 days to finalise their agreements to subscribe for DNB shares, says Fahmi

Confectionary maker Apollo Food Holdings Bhd’s (KL:APOLLO) said its public shareholding spread is back in compliance with Bursa Malaysia’s listing requirements.

Apollo’s public spread back in compliance after Scoop Capital sells 4% stake

Britain said on Tuesday some victims of a contaminated blood scandal would receive interim payments of £210,000 (RM1.25 million) each before a scheme to pay "comprehensive compensation" is up and running, ideally by the end of the year.

UK fast-tracks payments for blood scandal victims before full compensation

IHH Healthcare Bhd (KL:IHH) said on Tuesday that Tan Sri Mohammed Azlan Hashim will retire as the group’s independent and non-executive chairman at the conclusion of its next annual general meeting (AGM) scheduled on May 28.

IHH Healthcare chairman Mohammed Azlan to retire at next AGM

Sime Darby Property Bhd (KL:SIMEPROP) reported that its first quarter net profit doubled year-on-year, as the property developer saw its quarterly revenue hit a record high on higher sales and successful project executions.

Sime Darby Property's 1Q profit doubles on higher sales

The Malaysia Autoshow 2024 commenced on Tuesday with several global automotive industry players debuting and unveiling their latest technologies at the six-day event running from May 21 to 26 at the Malaysia Agro Exposition Park Serdang (Maeps).

Global automakers unveil latest tech at Malaysia Autoshow 2024

Singapore Airlines Ltd said one person was killed and several others injured after a flight from the UK to Singapore encountered severe turbulence in the skies over Asia and was forced to make an emergency landing in Thailand.

One dead after Singapore Airlines flight hit by severe turbulence

Public Bank Bhd (KL:PBBANK), Malaysia’s third-largest bank by assets, is on course to achieve an earnings forecast of RM6.96 billion for the financial year ending Dec 31, 2024 (FY2024), with its first-quarter results aligning with analysts’ expectations.

Public Bank on course to hit FY2024 earnings target on better outlook, say analysts

Hartalega Holdings Bhd (KL:HARTA) notched a turnaround in its final quarter, thanks partly to a provision reversal that also helped to bring the world’s second-largest glovemaker by volume back into the black for the year.

Hartalega returns to the black for 4QFY2024

The Federation of Investment Managers Malaysia (FIMM) recently reprimanded eight former unit trust scheme (UTS) and/or private retirement scheme (PRS) consultants for their misconducts/breaches of the FIMM’s Consolidated Rules (FCR), Code of Ethics and Rules of Professional Conduct (Second Edition), or&nbsp;Code of Ethics (Third Edition).

FIMM reprimands eight former unit trust and private retirement scheme consultants

Pos Malaysia Bhd (KL:POS) is selling its ship chartering unit that mainly deals with bulk cargoes for RM123.21 million as part of a move to shed non-core businesses.

Pos Malaysia to sell non-core shipping unit for RM123m

The proposed fuel subsidy rationalisation by the government could impact the local automotive market, which houses its major customers, primarily consisting of automotive vehicle original equipment manufacturers (OEMs), according to automotive seat manufacturer Feytech Holdings Bhd (KL:FEYTECH).

Feytech expects proposed subsidy rationalisation to impact automotive market

Bersatu Information Chief Datuk Wan Saiful Wan Jan was never involved in any of the government committees that had awarded the ‘Central Spine Road: Sertik to East Coast Highway Intersection’ contract to Nepturis Sdn Bhd, the Sessions Court was told on Tuesday.

Wan Saiful not involved in committees awarding Jana Wibawa contracts, says witness

KTI Landmark Bhd expects to raise RM48&nbsp;million under its listing exercise on the ACE Market of Bursa Malaysia.

In a statement on Tuesday, the Sabah-based integrated property developer said it plans to use RM20.7 million (43.1%) of the proceeds raised from the initial public offering (IPO) to supplement its general working capital requirements for The Logg&nbsp;project, which include construction cost (building and infrastructure cost), consultants’ and professional fees, and local authority fees for the ongoing projects.

KTI Landmark to raise RM48m from ACE Market IPO

Affin Bank Bhd (KL:AFFIN), the financial services arm of the Armed Forces Fund&nbsp;Board (LTAT), said on Tuesday its net profit down was 26% lower year-on-year (y-o-y) in the first quarter, on lower net interest income and other income.

Affin Bank's 1Q net profit down 26% as net interest income falls

Sunway Construction Group Bhd (KL:SUNCON) retreated on Tuesday from its all-time high amid weaker-than-expected results and growing market concerns that its shares may have peaked after beating the consensus target price.

SunCon shares off record high after below-view 1Q amid analyst downgrades

ASML Holding NV and Taiwan Semiconductor Manufacturing Co have ways to disable the world’s most sophisticated chipmaking machines in the event that China invades Taiwan, according to people familiar with the matter.

ASML and TSMC can disable chip machines if China invades Taiwan, Bloomberg reports

Hibiscus Petroleum Bhd's [KL:HIBISCS] net profit climbed by 42.37% to RM101.81 million in the third quarter ended March 31, 2024 (3QFY2024), from RM71.51 million a year ago, driven by strong oil and condensate prices of over US$90 (RM421.68) per barrel.

Hibiscus' 3Q net profit climbs 42%, driven by strong oil and condensate prices

Tencent Holdings Ltd suspended the highly anticipated Dungeon &amp; Fighter Mobile within an hour of its Chinese debut Tuesday, suggesting strong initial demand for a blockbuster title that investors hope will drive revenue growth in 2024.

Tencent suspends blockbuster game within an hour of China debut

Shares of Supercomnet Technologies Bhd (KL:SCOMNET) fell on Tuesday and may be on course for its worst day in 15 months after the medical device manufacturer reported a weaker-than-expected first quarter.

Supercomnet shares log worst day in 15 months after below-view 1Q

Traders are pricing in a big move for Nvidia’s shares after the chipmaker reports earnings on Wednesday, though expectations for volatility are more muted than in the past, US options markets show.

Nvidia earnings could spark US$200b swing in shares, options show

Bank Islam Malaysia Bhd (KL:BIMB), Malaysia's largest full-fledged Islamic bank, said on Tuesday its net profit increased 9.4% for the first quarter ended March 31, 2024 (1QFY2024) from a year earlier, mainly driven by higher net fund-based income and lower net allowances for impairment on financing.&nbsp;

Bank Islam posts 9.4% increase in 1Q net profit on higher net fund-based income, lower impairment

Petronas Dagangan Bhd's (KL:PETDAG) net profit for the first quarter ended March 31, 2024 (1QFY2024) fell 25% year-on-year to RM226.04 million, from RM301.84 million previously, due mainly to higher product cost and operating expenditure.

PetDag's 1Q net profit falls 25% to RM226m, declares dividend of 18 sen

The hike in diesel prices is expected to be implemented in early June to combat smuggling and mitigate costly subsidies, according to CGS International.

CGS International expects diesel price hike early June 

Cape EMS Bhd’s (KL:CEB) net profit jumped 58% to RM13.41 million or 1.35 sen per share in the first quarter ended March 31, 2024 (1QFY2024), from RM8.5 million or 1.07 sen per share a year ago, on better performance from its industrial and consumer electronic manufacturing services (EMS) segments.

Cape EMS’ 1Q net profit jumps 58%

Singapore Airlines Ltd said one person was killed and several others injured after a flight from the UK to Singapore encountered severe turbulence in the skies over Asia and was forced to make an emergency landing in Thailand.

A coalition of Tesla Inc shareholders is urging other investors to reject a US$56 billion (RM262.78 billion) pay package for chief executive officer Elon Musk in the company’s June 13 annual meeting, posing a threat to one of the world’s largest fortunes.