<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on April 2, 2019</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Konsortium Transnasional Bhd’s (KTB) major shareholder Tan Sri Mohd Nadzmi Mohd Salleh said he knew of “nothing” that could have contributed to the more than 100% surge in the bus transportation service provider’s share price yesterday.</p></div>

<div class=newsTextDataWrapInner><p>“I haven’t even looked at the share price,” Mohd Nadzmi, who is also KTB chairman and managing director, told The Edge Financial Daily when contacted in the morning.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>KTB’s share price more than doubled in early trading and remained at around that level for the rest of the day. It closed nine sen or 105.88% higher at 17.5 sen, after rising by as much as 11 sen or 129% to 19.5 sen.</p></div>

<div class=newsTextDataWrapInner><p>KTB was the day’s most active stock on Bursa Malaysia with 124.75 million shares changing hands</p></div>

<div class=newsTextDataWrapInner><p>Mohd Nadzmi holds direct and indirect stakes of 1.81% and 68.07% respectively in the company, according to the group’s latest shareholding change filing with Bursa.</p></div>


KUALA LUMPUR: Konsortium Transnasional Bhd’s (KTB) major shareholder Tan Sri Mohd Nadzmi Mohd Salleh said he knew of “nothing” that could have contributed to the more than 100% surge in the bus transportation service provider’s share price yesterday.

“I haven’t even looked at the share ...

KTB shares soar, major shareholder Nadzmi unaware why

COLOMBO (April 24): Iran's President Ebrahim Raisi arrived in Sri Lanka on Wednesday for a brief state visit aimed at strengthening ties, during which he will also open a US$514-million hydropower project.

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In Jalan Rotan in Kampung Attap, Kuala Lumpur, there is a light yellow building with beautiful graffiti art on one wall. Built in 1912 by influential business tycoon Loke Yew, it was restored in recent years and is now the office of master planning, architecture and landscape design consultancy P...

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PERCEIVED to be in the ­“inner circle” of fugitive financier Low Taek Jho (Jho Low) in the heist of billions of dollars from 1Malaysia Development Bhd (1MDB), the state-owned company’s former general counsel Jasmine Loo Ai Swan recently recalled life on the run. Conditions were uncertain, even pr...

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The Bank of England (BOE) said on Tuesday that very few banks had a clear idea of their "holistic" exposures to private equity, putting them at risk of a "large loss", and set an August deadline to identify how gaps would be filled.

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Carlsberg Brewery Malaysia Bhd, the locally-listed unit of the Danish brewer, confirmed the price increases for its beer products starting this month.

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

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<p>E-government services provider MyEG Services Bhd has inked an agreement to collaborate on the launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products.</p>


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<p>Rakuten Trade said NationGate Holdings Bhd may extend its upward trajectory after breaking out from its one-month rectangular pattern on Tuesday.</p>


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<p>Haily Group Bhd shares continued their uptrend on Wednesday to a near all-time high, after the construction outfit won a RM109.5 million contract for terrace houses in Pontian, Johor.</p>


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<p>Tesla Inc is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales.</p>


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<p>This was supposed to be the year that Vietnam reaped the benefits from one of its largest natural gas discoveries.</p>


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<p>Sunway Putra Hotel Kuala Lumpur marked the commencement of its lobby area refurbishment with a ground-breaking ceremony.</p>
