<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 10): Microlink Solutions Bhd has proposed to undertake a bonus issue on the basis of three bonus shares for every one existing ordinary share on an entitlement date to be determined later.</p></div>

<div class=newsTextDataWrapInner><p>Microlink said in a bourse filing that the proposed bonus issue will involve the issuance of up to 863.98 million bonus shares.</p></div>

<div class=newsTextDataWrapInner><p>Based on the three-month daily volume weighted average market price of Microlink shares up to and including the latest practicable date of RM2.55, the theoretical ex-bonus share price of Microlink shares will be approximately 63.67 sen, said the company.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It added that the exercise serves to reward its shareholders for their loyalty and continued support.</p></div>

<div class=newsTextDataWrapInner><p>It also said the exercise will enable the existing shareholders to have greater participation in the equity of the company, and encourage trading liquidity and marketability of Microlink shares on ACE Market of Bursa Securities.</p></div>

<div class=newsTextDataWrapInner><p>The proposed bonus issue is expected to be completed during the third quarter of 2021.</p></div>

<div class=newsTextDataWrapInner><p>Microlink was unchanged at RM2.54 today, valuing the group at RM612.88 million.</p></div>


Microlink Solutions Bhd has proposed to undertake a bonus issue on the basis of three bonus shares for every one existing ordinary share on an entitlement date to be determined later.

Microlink said in a bourse filing that the proposed bonus issue will involve the issuance of up to 863.98 million bonus shares.

Microlink Solutions proposes three-for-one bonus issue

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The Singapore Pools has signed an agreement with the UK Tote Group to commingle pools, combining the liquidity of Singapore Pools betting customers into the UK Tote’s pools on British racing meetings.

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<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday.</p>


KLCCP, Suria Capital, Capital A, Calsberg, Hibiscus Petroleum, Chin Hin, OCR, Fajarbaru, I-Bhd, Farm Price, United Plantations, AME REIT, Axis REIT, MyEG

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Eden's major shareholder proposes land transfer to settle RM45.65m debt owed to company

<p>A disappointing earnings report from Meta Platforms Inc has technology investors on edge with results from some of the stock market’s biggest and most important companies due in the coming days.</p>


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<p>TikTok's chief executive said on Wednesday that the company expects to win a legal challenge to block legislation signed into law by President Joe Biden that he said would ban the popular short video app used by 170 million Americans.</p>


TikTok CEO expects to defeat US restrictions: 'We aren't going anywhere'

<p>Binance co-founder Changpeng Zhao is facing up to three years in prison, if efforts by US prosecutors to secure his sentencing prove successful. More than 160 friends, colleagues and investors are determined for the crypto executive to escape incarceration entirely.</p>


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<p>The High Court here on Wednesday dismissed a judicial review application by Musang King durian planters around Raub to challenge the Pahang government's decision to issue eviction notices against them.</p>


High Court bins Musang King farmers’ bid to challenge land eviction notice in Pahang

<p>A made-in-China electric vehicle (EV) will hit US dealers this summer offering power and efficiency similar to the Tesla Model Y, the world's best-selling EV, but for about US$8,000 (RM38,228) less.</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>CapitaLand Malaysia Trust (CLMT) reported a 63% in its first quarter net property income to RM63.98 million from RM39.24 million a year ago, driven by full quarter revenue contribution from Queensbay Mall, higher occupancies and positive rental reversions.</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>Housing and Local Government Minister Nga Kor Ming’s press secretary Pang Sock Tao was announced as the unity government’s candidate for the Kuala Kubu Baharu by-election on May 11.</p>


<p>US and European shares finished mixed on Wednesday ahead of more corporate earnings this week, and the yen was mired near 34-year lows, keeping traders wary of intervention from Japan.</p>


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<p>Synergy House Bhd may trend higher after breaking out from its one-week bullish rectangular pattern two sessions ago, to a new all-time high.</p>


<p>Mark Zuckerberg is asking for investors to stay patient. Again.</p>

<p>After Meta Platforms Inc revealed that it will spend billions of dollars more than expected this year — fueled by investments in artificial intelligence — the company’s chief executive officer did his best to soothe Wall Street.</p>


<p>VENICE (April 25): Venice becomes the first city in the world on Thursday to introduce a payment system for tourists in an effort to thin the crowds that throng the canals during the peak holiday season.</p>

<p>Any visitor who is not staying the night must pay a 5 euro ($5.35) entry fee online...

<p>US Secretary of State Antony Blinken will meet business leaders in Shanghai on Thursday as ties between Washington and Beijing stabilise, pushing to resolve a raft of issues threatening the newly gained equilibrium between the rivals.</p>


<p>Germany is waging a charm offensive inside the Republican Party. Japan is lining up its own Trump whisperer. Mexican government officials are talking to Camp Trump. And Australia is busy making laws to help Trump-proof its US defence ties.</p>
