<div class=newsTextDataWrapInner>SINGAPORE (July 2): Allied Technologies has finally entered into a sale and purchase agreement with vendors Seow See Keong and Leow Ai Li Amy to acquire a 51% stake in Activpass Holdings for S$25.2 million.</div>

<div class=newsTextDataWrapInner>The proposed acquisition is part of the company’s efforts to diversify its business operations and invest in technology solutions which have<a href="https://www.theedgesingapore.com/allied-technologies-signs-sp-agreement-acquire-51-stake-activpass-252-mil" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div>
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SINGAPORE (July 2): Allied Technologies has finally entered into a sale and purchase agreement with vendors Seow See Keong and Leow Ai Li Amy to acquire a 51% stake in Activpass Holdings for S$25.2 million.

The proposed acquisition is part of the company’s efforts to diversify its busin...

Allied Technologies signs S&P agreement to acquire 51% stake in Activpass for S$25.2 mil

The Umno supreme council has revoked the suspension of former Pasir Salak MP Datuk Seri Tajuddin Abdul Rahman’s membership in Umno with immediate effect.

Tajuddin reinstated as Umno member after suspension lifted

SKP Resources Bhd, one of the Malaysian suppliers of British consumer goods company Dyson Ltd, said on Monday it is mindful of significant credit concentration risk that may arise from a major customer and is continuously seeking to diversify its customer base, as it reported a 26.89% year-on-year jump in its second quarter net profit on higher revenue.

Dyson supplier SKP Resources says it's seeking to diversify customer base as 2Q profit jumps 

Funds managed by Blackstone Inc agreed to invest US$3.5 billion (RM15.63 billion) to create a joint venture with EQT Corp, enabling the US natural gas producer to reduce its debt.

Blackstone, EQT form US$3.5 bil gas pipeline venture

The benchmark S&P 500 and the blue-chip Dow hit intraday record highs on Monday while the Nasdaq also advanced, with Scott Bessent's nomination as Treasury secretary in the incoming Trump administration boosting investor sentiment.

S&P 500, Dow touch record highs as markets cheer Trump's Treasury pick

Taliworks Corp Bhd’s (KL:TALIWRK) net profit for the third quarter ended Sept 30, 2024 (3QFY2024) jumped 79.08% year-on-year to RM24.25 million from RM13.54 million a year ago, driven by higher revenue across all operating business segments.

Taliworks’ 3Q net profit up 79% on growth across board, toll compensation; pays two sen dividend

Gamuda Bhd (KL:GAMUDA), whose share price has more than doubled year-to-date (YTD), is among companies analysts are expect to be included in the FTSE Bursa Malaysia KLCI following the index’s semi-annual review.

Is KLCI inclusion on the cards for 99 Speed Mart?

The government does not intend to allow vehicles owned by non-citizens to enjoy the RON95 subsidy, said the Ministry of Economy.

The ministry said the move was in line with the government’s objective to strengthen the country’s fiscal positition as stated in the 12th Malaysia Plan (12MP).

Economy Ministry says govt will not allow non-citizen vehicles to enjoy RON95 subsidy 

The flood situation in Terengganu has continued to improve, with the number of evacuees declining, while figures in Johor and Kelantan remain unchanged as of 8pm on Monday.

Number of flood victims drops in Terengganu, unchanged in Johor and Kelantan

The Ministry of Energy Transition and Water Transformation (Petra) said it is open to exploring the use of new technologies for electricity generation to achieve the target of net zero carbon emissions as early as 2050.

Petra says ready to explore new technologies to generate electricity

Ho Hup Construction Company Bhd (KL:HOHUP) has resolved a winding-up petition filed by its supplier, Joterix Sdn Bhd, over an alleged unpaid sum of RM184,438.80.

Ho Hup Construction resolves winding-up petition amicably

EXPECTATIONS have built up on the Employees Provident Fund (EPF) to not only beat last year’s payout but also declare a dividend of close to 6% for 2024. This follows three successive double-digit year-on-year percentage headline outperformance indicated in all three quarterly income reports rele...

EPF’s 2024 shariah dividend may exceed 6%, beat conventional savings

Chemical management and storage company TMK Chemical Bhd has unveiled the prospectus for its Main Market initial public offering (IPO) to raise some RM385 million, as part of its plan for the expansion of its plant, construction of new facilities and acquisition.

TMK Chemical unveils prospectus for RM385 mil IPO, priced at RM1.75 apiece

IJM Corporation Bhd (KL:IJM) may acquire a 50% stake in financially troubled UK-based construction firm JRL Group, according to multiple news reports.

IJM Corp said to buy 50% stake in troubled UK construction firm JRL

The Indonesian sister company of Mr DIY Group (M) Bhd (KL:MRDIY) will list shares in Jakarta through an initial public offering (IPO) that seeks to raise as much as 4.7 trillion rupiah (US$297 million or RM1.32 billion), in what would be the nation’s biggest listing in more than a year.

Mr DIY's Indonesian business plans IPO to raise up to US$297 mil

Ambulatory eyecare centre TopVision Eye Specialist Bhd (KL:TOPVISN) aims to raise RM17.89 million with its initial public offering (IPO) at 33 sen per share, in conjunction with its transfer from the LEAP Market to the ACE Market of Bursa Malaysia.

TopVision Eye Specialist sets IPO price at 33 sen to raise RM17.9m in conjunction with ACE Market transfer

SARAWAK is expected to announce by the end of the month plans for the development of a deep-sea port with liquefied natural gas (LNG) facilities. The port is estimated to cost between RM25 billion and RM30 billion and will be located off the coast of Kuching.&nbsp;

Currently, details ab...

Sarawak to unveil plans for a RM30 bil deep-sea port off the coast of Kuching

Gamuda Bhd (KL:GAMUDA), whose share price has more than doubled year-to-date (YTD), is among companies analysts are expect to be included in the FTSE Bursa Malaysia KLCI following the index’s semi-annual review.

The federal government may consider "other proposals" after facing pushback from highway concessionaires on the implementation of the multi-lane free flow (MLFF) system.

Govt may explore alternatives as concessionaires push back on RM3.5b barrierless toll system

PUTRAJAYA (Nov 25): The Court of Appeal (COA) here on Monday allowed the liquidator of Crest Worldwide Resources Sdn Bhd to adduce fresh evidence in SKN Land &amp; Development Sdn Bhd’s (SKN L&amp;D) appeal against the High Court’s decision to dismiss an application to terminate Crest’s winding-u...

COA allows admission of RM525m property sale evidence in Crest winding-up termination appeal

The submission of the Real Property Gains Tax (RPGT) Form electronically via e-CKHT on the MyTax portal will be mandatory starting Jan 1, 2025.

Submission of real property gains tax form must be made via e-CKHT on MyTax portal from January 2025 — IRB

Shares of Mi Technovation Bhd (KL:MI) extended their rally into the third straight day on Monday, after the semiconductor company reported better-than-expected results.

Mi Technovation shares extend rally as results beat estimates

Malaysia's hiring outlook continues to see some mismatch in benefits expectations between organisations and professionals going into 2025, which forms roadblocks for&nbsp;organisations looking for the right talent, a survey showed.&nbsp;

Talent search challenged by salary demand, rising competition in Malaysia, survey shows

Hyundai Motor will open its first plant in Malaysia next year with an investment valued at RM2.16 billion.

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said it will be the South Korean automaker’s largest investment in Malaysia and provide many job opportunities.

Hyundai to invest RM2.16 bil to set up plant in Kulim

Malaysia must strengthen its collaboration&nbsp;with other countries to mitigate the risks posed by a fragmented global supply chain, especially amid escalating US-China trade tensions, following Donald Trump’s return to the US presidency, Deputy Investment, Trade and Industry Minister Liew Chin Tong said on Monday.

Miti: Malaysia to work with middle powers to address bifurcation of supply chain amid US-China trade war

TMK Chemical Bhd, set to list on Bursa Malaysia's Main Market in December,&nbsp;plans to double its annual manufacturing capacity, with its second plant funded by the initial public offering (IPO) proceeds.

TMK Chemical to double capacity with new plant funded by IPO proceeds

IJM Corporation Bhd (KL:IJM) said it is buying a 50% stake in UK-based construction firm JRL Group Holdings Ltd for £50 million (RM283 million) to expand into the UK and strengthen its core construction capabilities.

IJM Corp announces RM283m deal to buy 50% stake in UK-based JRL

Property developer S P Setia Bhd (KL:SPSETIA) reported a 93% year-on-year surge in its third-quarter net profit, driven by higher profit from land sales which&nbsp;offset losses from the Battersea Power Station project and lower contributions from its Australian operations.

S P Setia posts 93% jump in 3Q profit on land sale boost, plans RM1.97b more launches by year end

Parties will submit further on Wednesday (Nov 27) on whether former prime minister Datuk Seri Najib Razak and former Treasury secretary general Tan Sri Mohd Irwan Serigar Abdullah should be granted a discharge not amounting to an acquittal (DNAA) in their criminal trial regarding International Petroleum Investment Co (IPIC).

Will Najib and Irwan get their IPIC-linked charges dropped? Lawyers to argue further on Wednesday

RHB Bank Bhd (KL:RHBBANK) will be divesting its entire 99.95% stake in RHB Securities (Thailand) Public Company Ltd to Singapore-based stock brokerage firm Phillip Brokerage Pte Ltd for THB1,253.77 million (RM161.81 million), marking its exit from Thailand's stockbroking and securities market.

RHB exits Thai securities market with RM161.81m divestment to Phillip Brokerage  

Radium Development Bhd (KL:RADIUM) said it is acquiring 13 acres of&nbsp; leasehold land in Cheras — which will be used for mixed development — for RM458 million.