<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 21): WZ Satu Bhd rose as much as 16.2% as today is the ex-date for its shareholders to be eligible to receive free warrants from the company.</p></div>

<div class=newsTextDataWrapInner><p>At 4.15pm, WZ Satu gained 29 sen or 13.8% to trade at RM2.39 with a total of 706,900 shares exchanged. Its market capitalisation is RM456 million.</p></div>

<div class=newsTextDataWrapInner><p>Earlier, the stock rose as much as 34 sen or 16.2% to reach a high of RM2.44. The counter was the top gainer on the exchange.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>On July 1, 2014, WZ Satu proposed the issuance of 95 million free warrants on the basis of one free warrant for every two shares held by its shareholders.</p></div>

<div class=newsTextDataWrapInner><p>The proposed issuance was approved by its shareholders during its extraordinary general meeting on Oct 9, 2014.</p></div>

<div class=newsTextDataWrapInner><p>WZ Satu manufactures and processes cold drawn bright steel shafting bars as well as trades other steel products. The group had recently said that it is looking to diversify into the oil and gas sector to pave the way for its long-term growth.</p></div>

<div class=newsTextDataWrapInner><p>The group posted a net profit of RM8.04 million for the three months ended July 31, 2014, on revenue of RM62.69 million.</p></div>

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KUALA LUMPUR (Oct 21): WZ Satu Bhd rose as much as 16.2% as today is the ex-date for its shareholders to be eligible to receive free warrants from the company.

At 4.15pm, WZ Satu gained 29 sen or 13.8% to trade at RM2.39 with a total of 706,900 shares exchanged. Its market capitalisatio...

WZ Satu rises 16% as warrants issue approach ex-date

Microsoft Corp will invest US$1.5 billion (RM7.19 billion) in the United Arab Emirates’ top artificial intelligence firm, G42, bolstering the Abu Dhabi-based company’s commitment to scale back its presence in China.

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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).

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Workers in Singapore can now ask for four-day work weeks, more work-from-home days and staggered work timings starting from Dec 1, underscoring the global trend of governments and companies relaxing office arrangements in order to retain talent.

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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.

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Datuk Abdul Rahman Ahmad will return to Permodalan Nasional Bhd (PNB) as its president and group chief executive effective July 1, 2024, the government-linked investment company said.

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Most central banks across Asia are likely to begin cutting interest rates later in the year — if at all, according to economists at Morgan Stanley, as the Federal Reserve delays its own policy easing.

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Oil prices rose on Tuesday amid heightened tensions in the Middle East after Israel's military chief said his country would respond to Iran's weekend missile and drone attack amid calls for restraint by allies.

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Pharmaceutical company Apex Healthcare Bhd has committed to reinvest 5% of its total manufacturing revenue into the research and development (R&D) of new products moving forward.

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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.

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<p>The collective wealth of tycoons listed on the 2024 Forbes Malaysia Rich List increased by a modest 2% to US$83.4 billion (RM398.8 billion), according to <i>Forbes Asia</i>.</p>


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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>

<p>According to separate bourse filings from both companies on Tuesday, MyEG and HeiTech Padu have inked a teaming agreement for the collaboration.&nbsp;</p>


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<p>Datuk Abdul Rahman Ahmad will return to Permodalan Nasional Bhd (PNB) as its president and group chief executive effective July 1, 2024, the government-linked investment company said.</p>


<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>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>Asian stocks fell and the dollar climbed to more than five-month highs on Tuesday as stronger-than-expected US retail sales for March further reinforced expectations that the Federal Reserve is unlikely to be in a rush to cut interest rates this year.</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>The automotive industry is not exactly the place one would want to be in the next few years.</p>

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<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>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>


<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>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>

<p>In a statement on Tuesday, the Sabah-based integrated property developer said the initial public offering (IPO) comprises a public issue of 160 million new shares and an offer for sale of 45 million existing shares, representing 20% and 5.6% of the enlarged share capital of KTI respectively.</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>There is "no urgency" to cut US interest rates, Mary Daly, the president of the San Francisco Federal Reserve Bank, said on Monday, with the economy and labour market strong, and inflation still above the Fed's target of 2%.</p>


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<p>The recent attack by Iran on Israel represents a dangerous expansion of the Israel–Hamas war and raises the risk of a sharp escalation of the conflict, according to S&amp;P Global Ratings.</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>The ringgit opened lower against the US dollar for the second consecutive day on Tuesday as the greenback strengthened following robust US retail sales data for March, said an analyst.</p>


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<p>Oil prices rose on Tuesday amid heightened tensions in the Middle East after Israel's military chief said his country would respond to Iran's weekend missile and drone attack amid calls for restraint by allies.</p>


<p>Bursa Malaysia opened lower on Tuesday, taking a cue from the negative developments on Wall Street overnight due to escalating tensions in the Middle East, coupled with persistent inflation in the US as indicated by stronger-than-expected March retail sales.</p>
