<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 29): Kumpulan Wang Persaraan (Diperbadankan) (KWAP) said it is no longer a shareholder of troubled energy services group Serba Dinamik Holdings Bhd.</p></div>

<div class=newsTextDataWrapInner><p>"KWAP has relinquished its entire stake in Serba Dinamik and is no longer a shareholder," the pension fund said in a statement on Friday (April 29).</p></div>

<div class=newsTextDataWrapInner><p>It was responding to an article published by <em>The Edge</em> on Thursday entitled “SC executive chairman tenders resignation six months after three-year extension”.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>According to bourse filings, KWAP had ceased to be a substantial shareholder of Serba Dinamik on June 1 last year after disposing of 26.03 million shares in the company in the open market. Prior to the disposal, it held 195.04 million shares or a 5.257% stake as at April 27, 2021.</p></div>

<div class=newsTextDataWrapInner><p>Trading in Serba Dinamik's securities on Bursa Malaysia has been suspended since Oct 22 last year. The shares were last traded at 35 sen apiece.</p></div>

<div class=newsTextDataWrapInner><p><em>See also:<br />
<a href="https://www.theedgemarkets.com/article/sc-executive-chairman-tenders-resignation-six-months-after-threeyear-extension" target="_blank">SC executive chairman tenders resignation six months after three-year extension</a></em></p></div>


Kumpulan Wang Persaraan (Diperbadankan) (KWAP) said it is no longer a shareholder of troubled energy services group Serba Dinamik Holdings Bhd.

We are no longer a shareholder of Serba Dinamik, says KWAP

Shares of ViTrox Corp Bhd are headed for its worst day in 18 months as first-quarter (1Q) results disappointed investors while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.

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Four of seven ships trapped in Baltimore Harbour since the Francis Scott Key Bridge collapsed last month have cleared the wreckage and are en route to their destinations.

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Intel forecast second-quarter revenue and profit below market estimates on Thursday, sending its shares tumbling roughly 8% as it faces weak demand for its traditional data centre and PC chips and trails in the surging market for artificial intelligence (AI) components.

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China’s top diplomat Wang Yi warned his American counterpart that problems are mounting between the world’s largest economies, as the US threatens Beijing with sanctions for its support of Russia.

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Microsoft beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by gains from adoption of artificial intelligence (AI) across its cloud services, and the company's shares jumped more than 4% in extended trade.

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The US plans to award Micron Technology Inc US$6.1 billion (RM29.14 billion) in grants and as much as US$7.5 billion in loans to help the memory-chip maker build new American factories, rounding out a slew of major federal awards for advanced semiconductor manufacturing.

Micron clinches up to US$13.6b in US grants, loans

US Treasury Secretary Janet Yellen said on Thursday the strong dollar reflected the strength of the US economy and high interest rates, insisting that interventions by governments in currency markets were acceptable only in rare circumstances.

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The Securities Commission Malaysia (SC) has updated its Investor Alert List.

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Mercury Securities Sdn Bhd has valued ACE Market-bound Sin-Kung Logistics Bhd at 14 sen based on a 14 times financial year 2025 (FY2025) earnings per share forecast of one sen.

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HLIB is positive on how AME REIT ended the year.

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


AirAsia X, Capital A, ViTrox, PavREIT, Luxchem, Chin Teck, MKHOP, TAS Offshore, Inta Bina, Heineken, Pantech and Infoline Tec 

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<p class="thumb-cap">E...

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<p>The Tesla Inc shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion (RM267.54 billion) pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.</p>


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<p>Alphabet announced its first-ever dividend on Thursday and a US$70 billion (RM334.43 billion) stock buyback, cheering investors who sent the stock surging nearly 16% after the bell.</p>


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