<div class=newsTextDataWrapInner><p>SINGAPORE (Feb 3): Malaysia’s Amcorp Group has assumed control over TEE Land and is making an offer of 17.9 Singapore cents per share to buy over the remaining 31.22% of TEE Land in which it hasn’t already own.</p></div>

<div class=newsTextDataWrapInner><p>This offer comes three weeks after the announcement that Amcorp plans to buy over a combined 68.78% stake in TEE Land from its parent TEE International and from Phua Chian Kin, TEE International’s controlling shareholder.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Under Singapore market rules, shareholders are obliged to make a general offer for the remaining shares in a company, if their stake crosses 30%.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>As part of the change in ownership, TEE Land CEO Jonathan Phua, and two non-executive directors, Edwin Neo and Timothy Ong, will be resigning. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Amcorp's offer of 17.9 Singaporean cents is a<a href="https://www.theedgesingapore.com/news/corporate-moves/amcorp-assumes-control-over-tee-land" target="_blank">...(click on link for full story on theedgesingapore.com)</a>&nbsp;</p></div>


SINGAPORE (Feb 3): Malaysia’s Amcorp Group has assumed control over TEE Land and is making an offer of 17.9 Singapore cents per share to buy over the remaining 31.22% of TEE Land in which it hasn’t already own.

This offer comes three weeks after the announcement that Amcorp plans to buy over a combined 68.78% stake in TEE Land from its parent TEE International and from Phua Chian Kin, TEE International’s controlling shareholder.

Amcorp assumes control over TEE Land

Telco firms may need to fork out RM394 million each to buy out UMobile Sdn Bhd and the Ministry of Finance's equity stakes in Digital Nasional Berhad (DNB) under the rollout of the second 5G network, according to CIMB Securities.

CIMB Securities sees telcos shelling out nearly RM400m each to buy out UMobile's stake in DNB

KUALA LUMPUR (Jan 27): Shares of YTL Corporation Bhd (KL:YTL) and YTL Power International Bhd (KL: YTLPOWR) continued their decline in active trade on Monday, after the companies revealed plans to issue non-tradable warrants exercisable at a discount to market prices last week.

YTL Corp, YTL Power continue to decline after proposed non-tradable warants

SUBANG (Jan 27): Indonesian President Prabowo Subianto has arrived in Malaysia on Monday, to undertake a state visit to the country, at the invitation of His Majesty Sultan Ibrahim, King of Malaysia.

Indonesian President Prabowo arrives in Malaysia

US stock futures and Asian shares outside China slumped on Monday as investors weighed the implications of Chinese startup DeepSeek's launch of a free, open-source artificial intelligence model to rival OpenAI's ChatGPT.

Asian equities slide with US stock futures on China's AI push; dollar firms 

Distressed property sales in Hong Kong are beginning to bite banks that used to be well protected against loan losses.

Hong Kong’s property distress is catching up with city’s banks

For some 15 years now, motorists have had the privilege of enjoying discounts and toll exemptions during festivities.

Frankly Speaking: Populist policies should end, starting with tolls

Business activity has slumped at British firms and profit warnings have risen, according to two reports that say each trend is the worst it’s been since the pandemic.

UK firms see biggest hit to output and profit since pandemic

KUALA LUMPUR (Jan 26): PKR has scheduled the elections for its Central Leadership Council (CLC), Women’s Central Leadership, and Central Youth Wing to take place on May 24 this year.

PKR’s Central Leadership Council  sets party elections for May 24

China's manufacturing activity unexpectedly contracted in January, an official factory survey showed on Monday, its weakest since August, keeping alive calls for stimulus in the world's second-largest economy.

China’s January manufacturing activity unexpectedly contracts, hits five-month low 

Activist investor Ancora Holdings has built a stake in US Steel and wants the steelmaker to drop its merger agreement with Japan's Nippon Steel, the Wall Street Journal reported on Sunday, citing sources.

Activist Ancora to push US Steel to drop Nippon merger and oust CEO — WSJ

<p>SHAH ALAM (Jan 27): Bina Puri Holdings Bhd (KL:BPURI), its subsidiary Bina Puri Properties Sdn Bhd and its director Tan Sri Tee Hock Seng has been slapped with a RM28.1 million lawsuit by Wisma Majujaya Sdn Bhd for not abiding with a joint venture agreement (JVA) to develop a project in Johor Bahru, called “Puri Residence”.</p>


Bina Puri, its director Tee Hock Seng face RM28.1m suit for purportedly failing to pay-up full sum in JVA

<p>I am sure that when you read the headline of this article, you wondered why I would be bullish about Malaysia. Well, here’s the surprise — it is not actually me who is bullish, but rather our neighbours down south in Singapore. While this initially took me by surprise, perhaps it shouldn’t have, ...

The Pitch Deck: Bullish about Malaysia

<p>Given Malaysia’s strong brand presence and strategic location at the heart of Southeast Asia, local businesses are in an ideal position to leverage the country’s advanced logistics network for seamless cross-border expansion into neighbouring markets, says Ninja Van Malaysia.</p>

<p>In its new...

Issues: Malaysian brands emerge as trusted options for Southeast Asian e-commerce shoppers

<p>(Jan 26): US&nbsp;search engine startup Perplexity AI has revised the merger proposal which it had submitted to TikTok's Chinese parent ByteDance to create a new entity combining Perplexity and TikTok US, a person familiar with the proposal told<em> Reuters </em>on Sunday.</p>


Perplexity AI proposes to merge with Tiktok, with US government getting half — Reuters

<p>US stock futures and Asian shares outside China slumped on Monday as investors weighed the implications of Chinese startup DeepSeek's launch of a free, open-source artificial intelligence model to rival OpenAI's ChatGPT.</p>


<p>The newly launched Ryt Bank — a joint venture between YTL Digital Capital Sdn Bhd and Sea Ltd — is entering a market that is seeing stiff competition. The bank aims not only to capture significant market share but also to out-innovate its competitors by providing the best products and services to...

Cover Story: Making of a humanised digital bank

<p>(Jan 27): Investors are heading into yet another pivotal Big Tech earnings cycle with the companies’ shares near record highs and valuations stretched. A key distinction this time: The group’s profit growth is projected to come in at the slowest pace in almost two years.</p>


Tech’s US$15 tril rally hinges on high-stakes earnings stretch

<p>(Jan 27):&nbsp;The dollar started the week with modest gains, after President Donald Trump ordered tariffs on Colombia for refusing to allow deported migrants land in the country.</p>


Dollar starts week on front foot after Trump’s Colombia tariffs

<p>As 2025 begins, the pace of technological innovation is set to accelerate, with artificial intelligence (AI) expected to continue taking centre stage. From the enterprise adoption of generative AI (Gen AI) to groundbreaking advancements in biotechnology, education and sustainability, we are seein...

Trends: Future of technology

<p>President Donald Trump said on Sunday he will impose sweeping retaliatory measures on Colombia, including tariffs and sanctions, after the South American country turned away two US military aircraft with migrants being deported as part of the new US administration's immigration crackdown.</p>


Trump imposes tariffs, sanctions on Colombia after it refuses deportation flights

<p>KUALA LUMPUR (Jan 26): Prime Minister Datuk Seri Anwar Ibrahim has urged paddy&nbsp;farmers to ensure their planned gathering in Putrajaya on Monday (Jan 27) does not disrupt the state visit of Indonesian President Prabowo Subianto.</p>


Anwar urges farmers’ gathering not to disrupt Indonesian president’s visit

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<p>Distressed property sales in Hong Kong are beginning to bite banks that used to be well protected against loan losses.</p>


<p>Artificial intelligence (AI) will serve as a catalyst for a “skills revolution”, where uniquely human capabilities — such as empathy and ethical decision-making — become the most valuable assets in the workplace, says Workday in its latest global research report,&nbsp;Elevating Human Potential: The AI Skills Revolution.&nbsp;</p>


AI to usher in a new era of human expertise

<p>KUALA LUMPUR (Jan 27): Shares of YTL Corporation Bhd (KL:YTL) and YTL Power International Bhd (KL: YTLPOWR) continued their decline in active trade on Monday, after the companies revealed plans to issue non-tradable warrants exercisable at a discount to market prices last week.</p>


<p>Oriental Kopi Holdings Bhd’s (KL:KOPI) share price closed at 87.5 sen, almost double its initial public offering price of 44 sen, on its maiden trading day last week, giving the café chain a staggering valuation of RM1.7 billion.</p>


Frankly Speaking: Going gaga over Kopi

<p>In Malaysia, the discourse on digitalisation often revolves around three key regions — Kuala Lumpur, Penang and Johor — all located in the peninsula. Meanwhile, Sabah and Sarawak, with their growing talent pools and untapped potential, risk being left behind unless deliberate efforts are made to ...

Bridging Ideas: Sabah and Sarawak need opportunities to retain their talent

<p>Pining for the latest in-game skins, accessories or limited-time character banners can be costly — yet it becomes a different story entirely if you are able to convert credit card loyalty points into in-game currency.</p>

<p>Gaming-related expenses can rack up over time, particularly when you ...

Levelling Up: Swapping loyalty points for play

<p>The frequency and intensity of floods have continued to surge because of the effects of climate change and urban expansion into flood-prone areas.</p>

<p>Yet, many drivers in areas that are at high risk of flooding still do not protect their vehicles with flood insurance coverage, says Faiezy ...

Tools: Mapping your way out of a disaster

<p>SINGAPORE (Jan 27): Oil prices fell more than 1% on Monday after US&nbsp;President Trump called on Opec to reduce prices, following the announcement of wide-ranging measures to boost US oil and gas output in his first week in office.</p>
