<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 5): Khee San Bhd shares rose 8.45% this morning after it said London Biscuits was no longer a major shareholder of the group.</p></div>

<div class=newsTextDataWrapInner><p>At 10:29 am, shares of Khee San rose 3 sen to 38.5 sen, giving it a market capitalisation of RM40.61 million.</p></div>

<div class=newsTextDataWrapInner><p>Financially-stressed London Biscuits announced to Bursa Malaysia yesterday that it had sold all its shares in Khee San, which will soon have a new controlling shareholder, Mamee-Double Decker (M) Sdn Bhd.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>A separate filing with Bursa by Khee San showed that London Biscuits has disposed of its entire holding of 20.80 million shares in the open market.</p></div>

<div class=newsTextDataWrapInner><p>According to Khee San’s annual report for the financial year ended Dec 31, 2018 (FY18) London Biscuits held 20.80 million shares or a 20% stake and was the largest shareholder in the candy manufacturer.</p></div>


KUALA LUMPUR (Dec 5): Khee San Bhd shares rose 8.45% this morning after it said London Biscuits was no longer a major shareholder of the group.

At 10:29 am, shares of Khee San rose 3 sen to 38.5 sen, giving it a market capitalisation of RM40.61 million.

Financially-stressed Lo...

Khee San up 8.45% after London Biscuits exit

Outsourced semiconductor assembly and testing (OSAT) player Globetronics Technology Bhd is in the final stages of discussion with two prospective clients interested in leveraging advanced packaging technology.

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KOTA KINABALU (April 16): Qhazanah Sabah Bhd (QSB) welcomes any company from abroad that wants to work together to invest in Sabah, said its chairman Datuk Yusof Yacob.

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Singapore Prime Minister Lee Hsien Loong will stay on as a senior minister after he steps down, the Straits Times reported, citing incoming premier Lawrence Wong.

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Bursa Malaysia ended lower for the second consecutive day on Tuesday, tracking the weak global sentiment due to the Middle East conflict, said an analyst.

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JPMorgan Chase & Co analysts said they were wrong to be cautious on European bank stocks, one of the region’s top performing sectors this year.

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KUALA LUMPUR (April 16): Malaysian airlines will be hurt by higher fuel costs, even as escalating geopolitical tensions in the Middle East are not expected to dent ticket sales, analysts said.

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Former prime minister Tun Dr Mahathir Mohamad said on Tuesday that the Malaysian Anti-Corruption Commission (MACC) has accused him of abusing power for personal gain.

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Transport Minister Anthony Loke Siew Fook said his ministry has no objection to MMC Corp Bhd divesting a stake in MMC Port Holdings Sdn Bhd, including to foreign entities, as long as it does not contravene the government's policy that requires 51% ownership of major national assets to remain with local companies.

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<p>E-government services providers MyEG Services Bhd and HeiTech Padu Bhd have formed a partnership to collaborate on IT projects in Malaysia.</p>

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<p>CIMB Group Holdings Bhd, Malaysia’s second-biggest banking group by assets, said on Tuesday its chief executive Datuk Abdul Rahman Ahmad will step down on June 30.</p>


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<p>Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.</p>


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<p>Analysts are positive on Malaysia’s pilot green power exports to Singapore using existing infrastructure in both countries, following establishment of the platform enabling cross-border trading of green electricity, the Energy Exchange Malaysia (Enegem).</p>


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<p>The Ministry of Transport clarified on Tuesday that the higher contract value of RM190.01 million awarded to HeiTech Padu Bhd for Road Transport Department (JPJ) services was only due to a longer extended contract duration.</p>


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<p>The automotive industry is not exactly the place one would want to be in the next few years.</p>

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<p>Transport Minister Anthony Loke Siew Fook said his ministry has no objection to MMC Corp Bhd divesting a stake in MMC Port Holdings Sdn Bhd, including to foreign entities, as long as it does not contravene the government's policy that requires 51% ownership of major national assets to remain with local companies.</p>


<p>Carlo Rino Group Bhd has filed for an initial public offering (IPO) that would raise more funds for the apparel company as part of its listing transfer to the ACE Market from the LEAP Market.</p>


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<p>Singapore’s Prime Minister Lee Hsien Loong is stepping down on May 15 after two decades in office. Lee, 72, will hand the reins over to his deputy Lawrence Wong, 51, in a widely-telegraphed transition.</p>


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<p>China said it believed Iran could "handle the situation well and spare the region further turmoil" while safeguarding its sovereignty and dignity, referring to an attack on Iran's embassy in Syria and its retaliatory strike over the weekend.</p>


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<p>Former prime minister Tan Sri Muhyiddin Yassin has requested for a bench of five Court of Appeal (COA) judges to hear his review against the court’s own decision to reinstate abuse of power charges involving RM232.5 million against him.</p>


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<p>Bursa Malaysia ended the morning session lower on Tuesday, in tandem with the weaker regional performance due to a broad sell-off on Wall Street overnight, said an analyst. &nbsp;</p>


Bursa ends morning session lower along with regional peers

<p>KTI Landmark Bhd (KTI) has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia Securities Bhd.</p>

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KTI Landmark inks underwriting deal with M&A Securities en route to ACE Market listing

<p>European Commission President Ursula von der Leyen is unleashing a barrage of trade restrictions against China as she seeks to follow through on a pledge to make the EU a more relevant political player on the global stage.</p>


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<p>RHB Retail Research said Cosmos Technology International Bhd has confirmed a bullish setup after breaking past a key resistance on strong volume.</p>


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<p>EP Manufacturing Bhd's (EPMB) shares climbed on Tuesday and marked their best day in 10 months after the Shah-Alam based auto parts maker signed an assembly deal with a Chinese carmaker.</p>


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<p>RHB Retail Research said Notion VTec Bhd is looking to extend upside movement after staging a bullish breakout.</p>


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<p>Gold is set to reach US$3,000 (RM14,381.71) an ounce over the next six to 18 months on increasing investor inflows amid expectations that the Federal Reserve will eventually cut interest rates, Citigroup Inc said, adding to a roll call of Wall Street banks that have raised forecasts.</p>
