Prosper Trading Sdn Bhd's failure to initially recognise Australian-listed PRL Global Ltd and its wholly owned subsidiary as persons acting in concert (PACs) led to its collective shareholding in United Malacca Bhd (KL:UMCCA) crossing the 33% takeover threshold in September 2024, triggering a mandatory general offer (MGO) that was not made at the time.

Prosper's overlooked PRL Global ties behind delayed United Malacca takeover offer

Boustead Holdings Bhd, which is controlled by the Armed Forces Fund Board (LTAT), is setting up an academy to develop future leaders and strengthen its workforce as it seeks to expand its presence in Malaysia's defence industry.

Boustead partners Indonesia's MCorp to set up talent pipeline academy

CTOS Digital Bhd (KL:CTOS) said on Monday that all credit reporting services affected by a cybersecurity breach have been restored following the implementation of remediation measures and enhanced security controls.

CTOS fully restores services following cybersecurity breach

KUALA LUMPUR (Nov 2): Pekat Group Bhd (KL:PEKAT) is acquiring six adjoining freehold industrial plots in Nilai, Negeri Sembilan, from Sime Darby Property Bhd (KL:SIMEPROP) for RM30.58 million.

Pekat buys six industrial land plots in Nilai from Sime Darby Property for RM31 mil

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

Zetrix AI, Cuscapi, CelcomDigi, UEM Sunrise, AME Elite, Mi Technovation, Mega Fortris, GIIB, Ni Hsin, IGB REIT, IGB Commercial REIT, SkyeChip, Malakoff, Avillion, Mestron, HB Global, MAA Group, Kumpulan Jetson, Advance Information Marketing, Lianson Fleet

MARC Ratings has downgraded Zetrix AI Bhd’s (KL:ZETRIX) RM2 billion sukuk programme to C, a rating just above default, indicating a high likelihood of non-repayment and limited capacity by the company to address its financial challenges.

MARC cuts Zetrix AI sukuk rating for second time in two weeks, bringing it close to default

LEAP Market-listed GPP Resources Bhd (KL:GPP), which is involved in renewable energy and oil palm trunk plywood, has been flagged by its external auditor over material uncertainty surrounding its ability to continue as a going concern, despite receiving an unmodified audit opinion.

Auditor flags GPP Resources' ability to continue but LEAP Market-listed firm upbeat on turn-around plans    

UEM Sunrise Bhd (KL:UEMS) has teamed up with AME Elite Consortium Bhd (KL:AME) to develop a 402-acre industrial park in Gerbang Nusajaya, Johor, with an estimated gross development value (GDV) of RM4 billion.

UEM Sunrise, AME Elite form JV to develop RM4 bil Johor industrial park

Cuscapi Bhd (KL:CUSCAPI) has proposed a capital reduction of up to RM190 million to eliminate losses of RM143.2 million it had accumulated as at Dec 31, 2025.

Cuscapi proposes RM190m capital reduction to write off losses

Cuscapi Bhd (KL:CUSCAPI) saw boardroom changes on Thursday, including the resignation of businessman Datuk Jayakumar Panneer Selvam.

Cuscapi sees boardroom changes as businessman Jayakumar resigns

Chinese neurotechnology firm BrainCo is developing a wearable device that it says could suppress appetite by stimulating the brain, positioning it as a potential non-drug alternative to blockbuster GLP-1 weight-loss treatments.

Neuralink’s China rival targets obesity with ‘electronic’ GLP-1

Yinson Holdings Bhd's (KL:YINSON) green technology arm Yinson GreenTech has partnered with Saxon Renewables to generate carbon credits from its electric vehicle (EV) charging infrastructure in Malaysia.

Yinson GreenTech teams up with Saxon Renewables on carbon credits from EV charging

Tenaga Nasional Bhd (KL:TENAGA), through its subsidiary TNB Renewables Sdn Bhd (TRe), has teamed up with IOI Corporation Bhd (KL:IOICORP) and a consortium of 12 small and medium enterprises (SMEs) to develop a 500MW solar power project in Bahau, Negeri Sembilan.

Tenaga, IOI Corp, SME consortium to develop 500MW solar project in Negeri Sembilan

Datuk Seri Farhash Wafa Salvador Rizal Mubarak has secured a temporary court order to stop Bloomberg from publishing an article that he deems defamatory ahead of a Nov 16 hearing that will determine if the injunction would be permanent.

Farhash gets court order to halt Bloomberg article, news agency to argue case on Nov 16  

NEWS: All-new Lexus ES launched in Malaysia

Hong Kong's economy expanded by 5.2% in the third quarter from a year earlier, official advance estimates showed on Tuesday, the 15th consecutive quarter of growth underpinned by accelerating exports and solid domestic demand.

Hong Kong 3Q GDP expands by 5.2% y-o-y, outlook positive

Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has denied allegations that he intends to sabotage the Madani government by revealing the cancellation or postponement of rural development projects in Sabah and Sarawak.

Zahid denies sabotaging govt over Sabah, Sarawak projects

Spot checks on drainage systems and cleaning works in Kuala Lumpur are being stepped up to keep drains clear and reduce the risk of flash floods, especially during the rainy season.

Spot checks on drains stepped up to cut flash flood risk in KL — minister

Former prime minister Datuk Seri Ismail Sabri Yaakob has questioned insurance companies' practice of removing specialists from their cashless panels, calling for greater oversight to protect patients' access to treatment.

Ex-PM Ismail Sabri questions insurers’ practice of dropping specialists from cashless panels

A fresh bout of artificial intelligence (AI) anxiety pressured global stocks on Tuesday, while investors were on tenterhooks as voting began in crucial US midterm elections.

Global stocks slip as AI jitters, US midterms keep investors on edge

IOIPG Malaysia Real Estate Investment Trust has priced its shares at 96 sen apiece for its Main Market listing.&nbsp;

IOIPG Malaysia REIT sets Main Market IPO at 96 sen apiece

Malaysia is among potential targets of cyberattacks amid the country’s growing digital infrastructure and positions on international issues, particularly Palestine and Gaza, the government warned.

Malaysia a potential cyberattack target, Anwar warns

Malaysian retailers have warned of an "existential threat" posed by foreign e-commerce in an appeal to the Ministry of Finance (MOF).&nbsp;

Malaysian retailers warn of 'existential threat' posed by foreign e-commerce in appeal to MOF

The Ministry of Transport said that the East Coast Rail Link (ECRL) is projected to generate some 3% annual growth for its passenger services over the next three years, while its cargo services are expected to see a sharp increase in freight income by 2029.&nbsp;

ECRL passenger revenue to grow about 3% annually in 2027-2029, cargo income to surge — Loke

Oil prices rose more than US$1 on Tuesday, as an Iranian official said a deal to end the war was far off, while the US struck Iran's Qeshm Island, fuelling concerns over the escalation of hostilities and risks to energy supplies.

Oil rises as peace prospects dim after US hits Iran's Qeshm Island

A fresh bout of artificial intelligence (AI)&nbsp;anxiety pressured global stocks on Tuesday, while investors were on tenterhooks as voting began in crucial US midterm elections.

Former prime minister Tan Sri Muhyiddin Yassin will submit a representation to drop the charge of uttering seditious words during the Nenggiri State Legislative Assembly by-election campaign in 2024, after the Pahang Ruler granted him an audience last week.

Muhyiddin to seek withdrawal of sedition charge in 'positive development' with Pahang Palace

PUTRAJAYA (Nov 3): A three-member Court of Appeal bench on Tuesday allowed lawyer Mahajoth Singh’s appeal to have the merits of his judicial review challenge against the Malaysian Anti-Corruption Commission (MACC) heard.

Albert Tei’s lawyer wins appeal to have MACC challenge heard

The US carried out strikes on Iran's Qeshm Island in the Strait of Hormuz, a US official said on Monday.

US carries out 'defensive' strikes on Iran's Qeshm Island

The High Court has struck out the late Tun Daim Zainuddin's family&nbsp;suit challenging the police investigations against them for allegedly committing activities detrimental to parliamentary democracy.

Court strikes out late Daim’s family legal bid against PM, IGP over allegations to topple govt

Prime Minister Datuk Seri Anwar Ibrahim said on Tuesday that investigations into two failed gas pipeline projects involving a participation loan from the Export-Import Bank of China (China Exim Bank) remain&nbsp;open despite difficulties obtaining information involving both countries.&nbsp;

Probes into two failed gas pipeline projects remain open despite difficulties obtaining information — PM

<h3>Malaysian REITs</h3>

OVERWEIGHT

RHB INVESTMENT BANK (OCT 20): We continue to like the M-REITs sector for its defensive qualities, with underlying fundamentals still healthy d...

Brokers Digest: Local Equities - Malaysian REITs, CIMB Group Holdings Bhd, Gamuda Bhd, Mr DIY Group (M) Bhd

Grab Holdings Ltd&nbsp;raised its full-year revenue and profit forecasts after quarterly earnings beat estimates, signalling confidence that rising ride-hailing and food-delivery demand across Southeast Asia will offset regulatory hurdles.

Singapore's Grab raises sales, earnings forecasts on rising ride demand

PUTRAJAYA (Nov 3): A three-member Court of Appeal bench has deferred the hearing of the final appeal by a former magistrate who was convicted of six counts of graft and sentenced to 12 years’ jail and fined a total of RM1.05 million.

Court of Appeal defers former magistrate’s final graft appeal over lawyer’s lack of preparation

KUALA LUMPUR (Nov 3): GDB Holdings Bhd (KL:GDB) on Tuesday said it has secured a construction contract worth RM877 million to demolish an existing factory and build a two-block, five-storey logistics hub in Seksyen 15, Shah Alam.

GDB bags RM877m construction job to build logistics hub in Shah Alam

<h2>Notable filings</h2>

Between Oct 12 and 16, notable changes in shareholding among companies traded on Bursa Malaysia included those at plantation counter United Malacca Bhd (KL:UMCCA).

The Tee family vehicle, Prosper Trading Sdn Bhd, acquired 28.19 million United...

Insider Moves: United Malacca Bhd, Turiya Bhd, Foodie Media Bhd, AMMB Holdings Bhd, Malakoff Corp Bhd 

Malaysian energy stocks hit a two-week low on Tuesday as oil prices slumped amid news reports of a potential US-Iran peace deal.

Malaysian energy stocks hit two-week low as oil prices slump

HONG KONG (Nov 3): Tech companies will need to raise more capital to help meet the enormous demand for the AI industry's growth boom, but there is a risk of an industry correction, global financial leaders said on Tuesday.

Big-ticket tech deals need to keep pace with AI boom but risks remain high, financial leaders say

Apple warned on Monday that the cost of memory chips would continue to rise, pressuring its gross margin for the crucial holiday quarter, but said it had taken steps to lock in supplies.

Apple forecasts margin drop in holiday quarter as rising memory costs bite

KUALA LUMPUR (Nov 3): Malaysia has decided not to extradite independent preacher Dr Zakir Naik to India and has made no commitment to do so, the Dewan Rakyat was told on Tuesday.

Syafiqah Salim

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

Syafiqah Salim

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌