<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 29): Press Metal Aluminium Holdings Bhd said on Tuesday (March 29) it had fixed the issue price of 163.4 million placement shares at RM5.94 per&nbsp;share, which is expected to raise RM970.6 million.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing, the group said the proposed placement was oversubscribed.</p></div>

<div class=newsTextDataWrapInner><p>The issue price of RM5.94 per placement share represents a discount of approximately 3.9% to the five-day volume weighted average price of Press Metal shares up to and including March 25, 2022, being the market day immediately prior to the price-fixing date, of RM6.18 per share.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The group said earlier the funds will be mainly used for the group's working capital, capital expenditure and loan repayments.</p></div>

<div class=newsTextDataWrapInner><p>At 10.43am on Tuesday, Press Metal was two sen or 0.33% lower at RM6.07, valuing the group at RM49.18 billion.</p></div>


Press Metal Aluminium Holdings Bhd said on Tuesday (March 29) it had fixed the issue price of 163.4 million placement shares at RM5.94 per share, which is expected to raise RM970.6 million.

Press Metal fixes private placement issue price at RM5.94, raising RM970.6m

KUALA LUMPUR (May 3): The newly appointed board of directors of Digital Nasional Bhd (DNB) will convene a meeting next Tuesday to look into a due diligence report regarding the 5G share sale agreement (SSA), before making any recommendation on the directions of the second 5G network soon to be established, said Digital Minister Gobind Singh Deo.

Gobind: DNB board to meet next week, to recommend 5G second network directions

Malayan Cement Bhd will likely report strong third quarter earnings when the company reports its results by this month-end, as volume and average selling prices stay high, CGS International said.

Malayan Cement likely to report strong 3Q results, says CGS International

KUALA LUMPUR (May 3): KL Wellness City Sdn Bhd, through KL International Hospital Sdn Bhd, has launched KL International Tertiary Hospital as part of the first phase of the KL Wellness City township in Bukit Jalil here on Thursday (May 2).

KL Wellness City launches tertiary hospital as part of the township’s first phase

As the latest purchasing managers’ index (PMI) data indicated a softer contraction in Malaysia's manufacturing sector in April, economists are expecting the country's manufacturing condition to gradually recover in the near term, though it remains slightly behind regional peers.

Malaysia's manufacturing sector to recover gradually despite lagging behind regional peers — economists

NEW DELHI (May 3): India's main opposition Congress party said on Friday that Rahul Gandhi, the face of the party and its former president, will contest general elections from the family bastion seat of Raebareli in north India as well.

India's opposition Congress leader Rahul Gandhi to contest elections from Raebareli too

RHB Research has downgraded TA Ann Holdings Bhd to "neutral" from "buy", with a reduced target price of RM4.00 from RM4.15, after the stock increased by over 35% in the past year, leading the research firm to believe that the valuation is now fair.

RHB Research downgrades TA Ann to 'neutral', lowers target price to RM4

Despite the palm oil industry bending over backwards to green up its act in the last few decades, it is still under fire. Critics cannot shake the image of palm oil as the nemesis of biodiversity, or worse, the big bad wolf of tropical deforestation. No matter how hard palm oil producers try to p...

Bullish On Green: Palm oil is green, but still seen as grey

KUALA LUMPUR (May 3): Deputy Investment, Trade and Industry Minister Liew Chin Tong said it is time for Malaysia to see biomass as the feedstock for new and advanced fuels and other green industries.

Timely for Malaysia to see biomass as feedstock for advance fuels — Liew

Hong Kong stocks are on their longest-winning streak since 2018, adding to signs that a recovery in one of the worst-performing markets last year is well underway.

Hong Kong stocks are on their longest winning streak since 2018

(May 3): A couple of years ago Clive Cowdery had a problem. The large life insurer that he’d founded was amassing customer cash faster than it could find ways to put that hoard to work.

As payments piled up at Resolution Life, two of every three dollars sat idle. The company decide...

Blackstone taps vast source of cash in $1 trillion credit push

<p>KUALA LUMPUR (May 2): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:</p>

<p><strong>Yinson Holdings Bhd</strong> has closed the limited recourse term loan facility of up to US$1.3 billion (RM6.2 billion) for the financing of its Ago...

Yinson, Protasco, LCTitan, Westports, UOA REIT, Frontken, Pasukhas, BHIC, JAKS, Epicon, Sarawak Cable, Annum, Aldrich, Ajinomoto, Ageson and SMI

<p>Shares of Ajinomoto (Malaysia) Bhd surged to their highest in nearly six years after the food and seasoning company announced the ex-date for its special dividend.</p>


Ajinomoto Malaysia surges to highest in nearly six years

<p>Malaysia’s planned increase in civil servant salaries will boost earnings of RCE Capital Bhd, which mainly provides consumer financing to government employees, Maybank Investment Bank (Maybank IB) said and upgraded the stock to ‘buy’.</p>


Higher civil servant salaries will boost RCE Capital's earnings, says Maybank IB

<p>Asian stocks rallied on Friday after Apple's record US$110 billion (RM523.15 billion) share buyback plan lifted the tech sector, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected interventions from Tokyo.</p>


Asian stocks surge on tech boost; yen extends gains to cap wild week

<p>The rally in tech heavyweights extended into late hours after better-than-estimated results from&nbsp;Apple Inc, with the iPhone maker also raising its dividend and announcing plans to buy back more stock.</p>


Tech jumps in late hours on Apple’s solid outlook

<p>KUALA LUMPUR (May 3): The&nbsp;newly appointed board of directors of Digital Nasional Bhd (DNB) will convene a meeting next Tuesday to look into a due diligence report regarding the 5G share sale agreement (SSA),&nbsp;before making any recommendation on the directions of the second 5G network soon to be established,&nbsp;said Digital Minister Gobind Singh Deo.</p>


<p>Türkiye&nbsp;stopped all exports and imports to and from Israel as of Thursday, the Turkish trade ministry said, citing a "worsening humanitarian tragedy" in the Palestinian territories.</p>


Türkiye halts all trade with Israel, cites worsening Palestinian situation

<p>Technical and Vocational Education and Training (TVET) programmes are set to be enhanced to address the shortage of 30,000 engineers in the country, said Prime Minister Datuk Seri Anwar Ibrahim.</p>

<p>He also emphasised the importance of focusing on Artificial Intelligence (AI) technology to keep pace with current demands.</p>


TVET in Malaysia to be enhanced to address shortage of 30,000 engineers — PM

<p>Apple's quarterly results and forecast beat modest expectations on Thursday, as the iPhone maker unveiled a record share buyback program, sending its stock up almost 7% in extended trade.</p>


Apple unveils record US$110b buyback as results beat low expectations

<p>Frontken Bhd expects a stronger performance in the second half of this year (2HFY2024) after its first quarter results came in within expectations, according to Philip Capital.</p>


Frontken expects stronger performance in 2H — Philip Capital

<p>Hong Kong stocks are on their longest-winning streak since 2018, adding to signs that a recovery in one of the worst-performing markets last year is well underway.</p>


<p>Lotte Chemical Titan Holding Bhd (LC Titan) is expected to face widening core losses in the second quarter ending June 30, 2024 (2QFY2024) from lower sales volume and weak product spread, according to TA Securities.</p>


Lotte Chemical Titan to face widening losses in 2QFY2024 on lower volume, weak product spread, says TA Securities

<p>Wall Street's main indexes advanced on Thursday, a day after the Federal Reserve left interest rates unchanged and signaled a dovish tilt, with focus moving to a crucial job report later in the week.</p>

<p>While Fed Chair Jerome Powell indicated that stubbornly high inflation would see a long-expected US rate cut pushed back, he refused to entertain talk that rates might actually need to go up again.</p>


Wall Street gains on Fed's dovish signals

<p>PUTRAJAYA (May 3): A convenience store in Precinct 3 here was raided by the Ministry of Domestic Trade and Cost of Living on Thursday (May 2), for suspected sale of food products with the words “no palm oil” (NPO) written on the product’s plastic packaging.</p>


Domestic Trade Ministry raids premises selling products with ‘no palm oil’ label

<p>Peloton Interactive Inc shares fell to a record low after chief executive officer Barry McCarthy announced plans to step down and the struggling fitness company embarked on a major restructuring that will reduce its global workforce by 15%.</p>


Peloton tumbles to record low after announcing CEO exit, layoffs

<p>Analysts anticipate continuous growth for Westports Holdings Bhd for the rest of the year on the back of sustained trade activities in the regional economies and multi-year high foreign direct investment (FDI).</p>


Analysts upbeat on Westports’ outlook amid multi-year high FDI

<p>The presence of and commitment shown by the Unity Government party machinery campaigning in the Kuala Kubu Baharu (KKB) state by-election to ensure victory for its candidate is clear proof of the government's integrity.</p>


KKB polls: Presence of party machinery is proof of Unity Government's togetherness — Zambry

<p>KUALA LUMPUR (May 3):&nbsp;Deputy Investment, Trade and Industry Minister Liew Chin Tong said it is time for Malaysia&nbsp;to see biomass as the feedstock for new and advanced fuels and&nbsp;other green industries.</p>


<p>Bond traders pulled forward expectations for the Federal Reserve’s (Fed) first full interest-rate cut by a month to November ahead of a key US jobs report on Friday.</p>


Traders pull forward first full Fed rate cut to November ahead of jobs

<p>Teen apparel retailer rue21&nbsp;filed for Chapter 11 bankruptcy protection for a third time on Thursday, seeking to shut down its 540 stores and sell its intellectual property.</p>
