KUALA LUMPUR (Dec 10): The first food and beverage (F&B) special purpose acquisition company (SPAC) listed on Bursa Malaysia, Red Sena Bhd, failed to shine on its debut and opened 21% or 10.5 sen lower than its offer price of 50 sen.

However, its warrants, which were issued free wit...

Red Sena makes muted debut

KUALA LUMPUR (June 22): Australia-listed mining firm OM Holdings Ltd (OMH), which made its debut on the Main Market of Bursa Malaysia today, rose as much as 35 sen or 13.62% to RM2.92. This is the first cross-listing on Bursa and the Australian Securities Exchange (ASX).

OM Holdings rises as much as 13.6% on Main Market debut

Aurelius Technologies Bhd (ATech), which debuted on the Main Market of Bursa Malaysia on Thursday (Dec 16), rose to a high of RM1.83 — a 47 sen or 34.56% premium over its initial public offering (IPO) of RM1.36.

Aurelius Technologies rises as much as 34.56% on morning of maiden trading day

Cardiff City Football Club’s (Cardiff City FC) board of directors said it is aware of an open letter from the Cardiff City Supporters’ Trust to Cardiff City FC owner Tan Sri Vincent Tan Chee Yioun and the board deems the open letter "unhelpful, inaccurate and disruptive” because the Cardiff City Supporters’ Trust was de-registered as a mutual organisation in the UK in 2016.

Cardiff City FC says Cardiff City Supporters’ Trust’s open letter to Vincent Tan 'unhelpful, inaccurate, disruptive' 

Hong Leong Bank Bhd (HLB) said Monday (May 30) that its net profit for the third quarter ended March 31, 2022 (3QFY22) rose 1.73% to RM784.8 million from RM771.47 million a year ago due to lower allowance for impairment losses on loans, advances and financing as well as higher share of profit from an associated company.

Hong Leong Bank’s 3Q net profit up marginally by 1.73% to RM784.8m on lower allowance for impairment losses

PublicInvest Research said on Monday (May 30) that it had derived a fair value of 34 sen for Unitrade Industries Bhd based on an 11 times price-earnings multiple to its 2023 forecast earnings per share of 3.1 sen. Unitrade Industries is en route for an ACE Market listing on June 14 with an initial public offering (IPO) price of 32 sen.

PublicInvest Research derives fair value of 34 sen for Unitrade Industries, 6% above IPO price

British American Tobacco (Malaysia) Bhd (BAT Malaysia) emerged as the top loser on Monday morning (May 30), falling as much as 58 sen or 4.54% to RM12.20, after its net profit for the first quarter ended March 31, 2022 (1QFY22) missed analysts' expectations.

BAT Malaysia emerges as top loser after 1Q net profit missed expectations

Bursa Malaysia said on Friday (May 27) the proprietary day traders short selling and intraday short selling of Power Root Bhd shares have been suspended as the instant coffee maker's share price dropped more than 15 sen or 15% from the reference price, which refers to the stock's closing price of RM1.69 on Thursday (May 26).

Bursa suspends Power Root short selling after price slump

Pestech International Bhd said Friday that its net profit for the third quarter ended March 31, 2022 (3QFY22) fell 54.5% to RM6.52 million from RM14.33 million in the same quarter last year, as revenue dropped on lower contribution from the rail division as most active projects are at their tail end while new ones are just starting.

The group’s revenue for 3QFY22 fell 16.26% to RM192.63 million from RM230.03 million in 3QFY21, its bourse filing showed.

Pestech’s 3Q net profit halves as revenue drops with active rail jobs nearing completion

theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia's afternoon close on Friday (May 27, 2022). Three stocks displayed positive momentum, while one showed negative momentum.

Global Oriental, SDS, South Malaysia Industries, Can-One

The Civil Aviation Authority of Malaysia (CAAM) has revoked the air operator's certificate (AOC) of cash-strapped low-cost carrier MYAirline Sdn Bhd, effective April 15, after it failed to find a new investor before the April 14 deadline.

MYAirline loses licence to operate as commercial airline as CAAM revokes AOC

Chin Hin Group Property Bhd on Wednesday announced that troubled developer YNH Property Bhd has appointed it to develop a 6.49-acre plot of land in Segambut, featuring a potential gross development value (GDV) of RM685.1 million.

YNH aborts sale of Segambut land, appoints Chin Hin Group Property to develop it instead

Eden Inc Bhd’s major shareholder Tan Sri Abd Rahim Mohamad is proposing to settle a RM45.65 million debt his company owes Eden by transferring the ownership of a 2.4 million sq ft (about 55 acres) leasehold land to the listed entity.

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

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.

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

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.

CLMT’s 1Q net property income jumps 63% to RM64m, DPU up 37%

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

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

The strategic collaboration between Sabah Ports Sdn Bhd (SPSB) and DP World, a global port terminal operator, will be a boon to Sabah’s aspiration to promote the Sepangar Bay Container Port (SBCP) as a key transshipment hub in the region, said Chief Minister Datuk Seri Hajiji Noor.

Hajiji: Tie-up between Sabah Ports, DP World to boost state’s aim to become transshipment hub

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.

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

KUALA LUMPUR (April 24): A meeting with 70 financial fund investors and corporate members at the recently concluded joint investors meeting in London has touched on the Madani government’s immediate action to stimulate strategic investment in important technologies, according to the Ministry of Finance (MOF).

MOF: Meeting with 70 fund investors highlights Madani govt’s action to spur strategic investments

In today’s edition of Evening 5: 00:00 MYAirline loses licence to operate 01:41 New developments, new board to be announced for DNB 02:59 Fernandes to be CEO of Capital A for five more years 04:09 ACE Market-bound Farm Price eyes Singapore expansion05:33 Suria KLCC shrugs off the competition

EVENING 5: MYAirline runs out of time, loses licence to operate

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (April 24)

The Civil Aviation Authority of Malaysia (CAAM) has revoked the air operator's certificate (AOC) of cash-strapped low-cost carrier MYAirline Sdn Bhd, effective April 15, after it failed to find a new investor before the April 14 deadline.

JASMINE Loo was the third individual wanted by the authorities, on the Interpol Red Notice list, &nbsp;to return to Malaysia.

More than 10 years on from the first signs of trouble at 1Malaysia Development Bhd (1MDB), there are still a number of individuals who remain on the run, sought ...

Most yet to return to face the music

Carlsberg Brewery Malaysia Bhd, the locally-listed unit of the Danish brewer, confirmed the price increases for its beer products starting this month.

Carlsberg Malaysia raises prices of beers to preserve margin

French electronic manufacturing service firm eolane has launched a new manufacturing plant in Kulim Hi-Tech Park, Kedah involving an investment of €8.7 million (RM45 million) for the first phase of the project.

France-based eolane launches RM45 mil facility in Kulim Hi-Tech Park

Chin Hin Group Property Bhd on Wednesday announced that troubled developer YNH Property Bhd has appointed it to develop a 6.49-acre plot of land in Segambut, featuring a potential gross development value (GDV) of RM685.1 million.

Bursa Malaysia closed at a two-year high on Wednesday with the key index rising 0.63%, driven by a positive outlook on the local bourse and amid an upbeat performance by regional peers.&nbsp;

Bursa races to two-year high as investors turn bullish

Tan Sri Muhammad Ikmal Opat Abdullah, founder and controlling shareholder of Widad Group Bhd, has continued to trim his stake in the construction company as well as in IT products and services firm Dataprep Holdings Bhd.

Muhammad Ikmal continues to trim stake in loss-making Widad, Dataprep 

OYO plans to add 100 self-operated hotels in Malaysia in 2024 and will be looking to secure annual to long-term management contracts on a revenue-sharing basis for these properties. This is part of OYO's programme aimed at fostering economic growth in communities via partnerships.&nbsp;

OYO plans to launch 100 self-operated hotels in Malaysia for 2024, with the first in Kota Damansara

The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.

Xiang Yangyang, the daughter of Xiang Guangda, who owns Tsingshan Holding Group Co, the world’s largest nickel and stainless steelmaker, agreed to buy the 2,612 sq m (28,111 sq ft) house in the country’s Bin Tong Park enclave, according to a property record seen by Bloomberg News.

Chinese metal tycoon’s heir buys US$62m Singapore mansion

Mah Sing Group Bhd's land acquisition for its third development in Setapak,&nbsp;Kuala Lumpur, namely M Azura, has become unconditional. The developer has three months to pay the balance purchase price of about RM59 million. The land for M Azura was acquired on Dec 8, 2023 for a total cost of RM74.3 million.

Mah Sing's land acquisition for M Azura has become unconditional

Several important developments related to Digital Nasional Bhd (DNB), including the appointment of its board members and the direction of the agency, will be announced on Thursday, said Communications Minister Fahmi Fadzil.

Digital minister to unveil DNB board, announce new developments tomorrow — Fahmi

Some of the world’s biggest energy trading companies are returning to metals, years after getting burnt in the notoriously difficult markets.

World’s biggest energy traders are returning to metals

KUALA LUMPUR (April 24): Construction outfit Fajarbaru Builder Group Bhd has bagged a RM252.26 million contract from WCT Holdings Bhd to undertake Phase 1 of a two-phase development of two blocks of serviced apartments in Johor Bahru.

Fajarbaru Builder bags RM252m construction job in Johor Bahru from WCT

The son of a menteri besar is among six individuals remanded by the Malaysian Anti-Corruption Commission (MACC) here to assist in investigations regarding a case of submitting false documents and claims involving RM600,000 over the past two years.

MB's son among six remanded over document forgery, false claims involving RM600,000

Perlis Menteri Besar&nbsp;Mohd Shukri Ramli confirmed that he knew about his son being arrested by the Malaysian Anti-Corruption Commission (MACC),&nbsp;and will leave it to the authorities to complete their investigation.

Perlis MB knows about son's arrest, leaves it to MACC to investigate

KUALA LUMPUR (April 24): A meeting with 70 financial fund investors and corporate members at the recently concluded joint investors meeting in London&nbsp;has touched on the Madani government’s immediate action to stimulate strategic investment in important technologies, according to the Ministry of Finance (MOF).

KLCCP Stapled Group, controlled by national oil and gas company Petroliam Nasional Bhd, said on Wednesday that it is still actively pursuing and exploring opportunities.

KLCCP Stapled Group on active lookout to expand portfolio

KUALA LUMPUR (April 24):&nbsp;Petronas&nbsp;Chemicals Group Bhd&nbsp;is focused on advancing its growth initiatives and strengthening its operational performance, despite the expectation that 2024 will continue&nbsp;to be a challenging year.

Petronas Chemicals to focus on advancing growth initiatives, strengthening operational performance

Hibiscus Petroleum Bhd said it has completed the drilling of the Bunga Aster-1 exploration well and is expecting its first oil production to begin in May.

Tan Siew Mung

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Tan Siew Mung

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