Supreme Consolidated Resources Bhd opened 20% higher than its initial public offering (IPO) price of 50 sen on the LEAP market this morning.

The counter opened at 60 sen a share, a premium of 20%.

Supreme Consolidated debuts with 20% premium on LEAP market

MR DIY Group (M) Bhd made its debut on the Main Market of Bursa Malaysia today.

As of 9.28am, shares in the home improvement retailer were trading at RM1.70 per share, which constituted a 6.25% or 10 sen premium over its opening and initial public offering (IPO) price of RM1.60 per share, giving the group a market capitalisation of RM10.63 billion.

MR DIY tops actively traded list, up 6.25% on Main Market debut

Melaka-based property developer Teladan Setia Group Bhd made a commendable debut on the ACE Market of Bursa Malaysia with a 12 sen or 25% premium over its initial public offering (IPO) price of 48 sen.

Property developer Teladan Setia debuts on ACE Market with 25% premium

The external auditor of NPC Resources Bhd has issued an unqualified opinion with material uncertainty on NPC's ability to continue as a going concern.

NPC's auditor flags material uncertainty over its ability to continue as going concern

Sime Darby Plantation Bhd (SDP) has appointed Australian human rights lawyer Professor Justine Nolan to its Expert Stakeholder Human Rights Assessment Commission.

The planter said that the commission, which was established in March, is composed of ethical trade consultancy Impactt Ltd and a stakeholder consultation panel. Nolan, along with human rights researcher Andy Hall and the National Union of Plantation Workers (NUPW) are on the stakeholder consultation panel.

Sime Darby Plantation appoints Australian lawyer to Expert Stakeholder Human Rights Assessment Commission

KUALA LUMPUR (March 16): Prominent migrant rights specialist Andy Hall says that he will not be quitting Sime Darby Plantation Bhd (SDP)’s Expert Stakeholder Human Rights Assessment Commission, following the company’s decision to withdraw its legal action against non-governmental organisation Liberty Shared’s managing director Duncan Jepson.

Hall said SDP’s move reflects a genuine show of good faith from the company’s leadership to sustainability and longer-term growth in areas of human rights, transparency and stakeholder engagement.

Andy Hall says he won’t quit Sime Darby Plantation rights panel following withdrawal of legal action

Sime Darby Plantation Bhd (SDP) has commenced legal proceedings against non-governmental organisation (NGO) Liberty Shared’s managing director Duncan Jepson to obtain information pertaining to a complaint filed by Jepson with the Securities Commission Malaysia (SC) against the planter.

Sime Darby Plantation commences legal proceedings against NGO Liberty Shared

KUALA LUMPUR (July 15): Sime Darby Plantation Bhd (SDP) has dissolved its Expert Stakeholder Human Rights Assessment Commission.

In a statement, the group said the dissolution was one to provide more time for an independent evaluation of labour practices to be carried out.

Sime Darby Plantation dissolves Human Rights Assessment Commission

Malakoff Corp Bhd is buying a parcel of leasehold industrial land in Klang from Media Prima Bhd for RM25 million.

The land deal came roughly two weeks after Media Prima announced its plan to buy back the freehold property in Bangsar where its Balai Berita headquarters is located from Permodalan Nasional Bhd (PNB) for RM156.4 million. The price tag is higher than the RM118.7 million tag at which Media Prima sold to PNB in 2018

Malakoff buys land from sister company Media Prima for RM25 million

KUALA LUMPUR (July 15): Malaysia Aviation Group Bhd (MAG) – via its wholly-owned unit MAB Pesawat Sdn Bhd – has launched a tender for the sale of its six Airbus A380-800 superjumbos.

Malaysia Airlines launches tender for sale for A380-800 jets

The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).

Perak to collaborate with rare earth elements company from South Korea, says MB

Global stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen sank to a 34-year low after the Bank of Japan (BOJ) kept monetary policy loose.

Global stocks gain on Big Tech lift; yen slides to 34-year low

The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.

Who pays for anytime EPF withdrawals?

China passed a law on Friday strengthening its trade defence capabilities as the US and the European Union take aim at Beijing over excess industrial capacity.

China passes tariff law amid tensions with trading partners

FRANKFURT/BERLIN/PRAGUE (April 26): Thyssenkrupp will sell a 20% stake in its steel business to the energy holding controlled by Czech billionaire Daniel Kretinsky, a major breakthrough for the German conglomerate after years of unsuccessful attempts to divest the unit.

Thyssenkrupp sells stake in steel unit to Czech billionaire Kretinsky

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

BCorp, Capital A, AAX, YNH, Sam Engineering, Turiya, Gadang, Microlink, Nestle, Wiradani, D&O, Homeritz, Unisem

(April 26): HSBC Holdings Plc successfully fought off a London court claim brought by a group of investors in a £1.3 billion (US$1.6 billion) lawsuit over tax breaks linked to Walt Disney Co film financing.

HSBC wins £1.3 bil suit over Disney film finance scandal

KUB Malaysia Bhd has extended the deadline for its mandatory general offer for Central Cables Bhd (CCB) a second time to May 20 from April 30, according to its latest filing on Bursa Malaysia.

KUB extends deadline for CCB MGO a second time

EVENING 5: Five things you need to know today

KUALA LUMPUR (April 26): KPJ Healthcare Bhd, through its premier educational institution KPJ Healthcare University (KPJU), has entered into a memorandum of understanding (MOU) on Friday with Trusx Malaysia Sdn Bhd (Trustr), a global digital health organisation, as an initiative to revolutionise healthcare.

KPJ Healthcare, Trusx Malaysia collaborate for AI-driven healthcare solutions

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

Penang Chief Minister Chow Kon Yeow&nbsp;has announced that he is in talks with a group of companies which have recently participated in Selangor’s integrated circuit design park.

Penang to announce new high-tech investments on Saturday, says Chow

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KNM Group Bhd said it is seeking court sanction for a new scheme of arrangement with its creditors. The PN17 group is also seeking a further extension of time to submit its regularisation plan.

KNM seeks fresh scheme of arrangement with creditors

Homeritz Corporation Bhd’s net profit surged by 65.9% in the second quarter ended Feb 29, 2024 (2QFY2024) to RM9.24 million, due to increased sales volume and a stronger US dollar.

Homeritz’s 2Q net profit jumps 66% on increased sales volume, stronger greenback

China passed a law on Friday strengthening its trade defence capabilities as the US and the European Union take aim at Beijing over excess industrial capacity.

US monthly inflation rose moderately in March, but stubbornly higher housing and transportation costs suggested the Federal Reserve could keep interest rates elevated for a while.

US inflation rises in line with expectations; consumer spending strong

The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.

(April 26):&nbsp;HSBC Holdings Plc successfully fought off a London court&nbsp;claim&nbsp;brought by a group of investors in a £1.3 billion (US$1.6 billion) lawsuit over tax breaks linked to Walt Disney Co&nbsp;film financing.

KUALA LUMPUR (April 26):&nbsp;KPJ Healthcare Bhd, through its premier educational institution&nbsp;KPJ Healthcare University (KPJU),&nbsp;has entered into a memorandum of understanding (MOU) on Friday with Trusx Malaysia Sdn Bhd (Trustr), a global digital health organisation, as an initiative to revolutionise&nbsp;healthcare.

Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from Alphabet pushed its market value over US$2 trillion (RM9.5 trillion), while an in-line inflation reading calmed interest rate jitters.

Wall Street rises as Big Tech charges higher

KUB Malaysia Bhd has extended the deadline for its mandatory general offer for Central Cables Bhd (CCB) a second time to May 20 from April 30, according to its latest filing on Bursa Malaysia.

US equity funds registered their fourth successive weekly outflows in the week ended April 24, hit by fading expectations for rate cuts this year.

US equity funds see fourth straight week of outflows amid rate cut reassessment

HULU SELANGOR (April 28): The Ministry of Health (MOH) stands by its decision to amend the Medical Act 1971 (Act 50) to bridge the gap between the parallel pathway programme (PPP) and the local medical degree programme, despite objections from some parties.

Health Ministry stands by decision to amend Medical Act 1971

Fast-fashion firm&nbsp;Shein&nbsp;has been drawn under the scope of flagship&nbsp;European Union (EU) rules designed to clamp down on illegal and harmful content online, aimed at stopping the spread of counterfeit items on the platform.

EU hits fast-fashion giant Shein with new digital rules

FRANKFURT/BERLIN/PRAGUE (April 26): Thyssenkrupp&nbsp;will sell a 20% stake in its steel business to the energy holding controlled by Czech billionaire Daniel&nbsp;Kretinsky, a major breakthrough for the German conglomerate after years of unsuccessful attempts to divest the unit.

HOUSTON/BENGALURU (April 26): Oil giant&nbsp;Chevron&nbsp;Corp&nbsp;beat estimates for first-quarter profit on Friday, as higher production volumes&nbsp;in the US&nbsp;helped offset a hit from weak natural gas prices&nbsp;and fuel margins.

Chevron posts 1Q profit beat with oil production gains

WASHINGTON (April 26):&nbsp;Ukrainian President Volodymyr Zelenskiy called on Friday for additional air defence systems to be sent to Kyiv to help protect against Russian strikes, adding that a pause in US&nbsp;funding had helped Moscow seize the initiative.

Ukraine's Zelenskiy calls for air defence systems as allies meet

A weekly round-up of tanker and dry bulk market (April 26, 2024)

Baltic Exchange shipping updates: April 26, 2024

Global&nbsp;stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen&nbsp;sank to a&nbsp;34-year low after the Bank of Japan (BOJ)&nbsp;kept&nbsp;monetary policy loose.

Arjuna Chandran Shankar

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Arjuna Chandran Shankar

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