<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on November 30, 2017 - December 6, 2017</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Binasat Communications Bhd, looking to float its shares on the ACE Market of Bursa Malaysia, has enlisted Kenanga Investment Bank Bhd (Kenanga IB) as its principal adviser, sponsor, underwriter and placement agent for the initial public offering (IPO).</p></div>

<div class=newsTextDataWrapInner><p>Announcing this in a statement, it also said Bursa Securities gave its nod on Oct 12 for the proposed IPO.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Binasat is principally involved in the provision of telecommunication supporting services for satellite as well as mobile and fibre optic telecommunication networks.</p></div>

<div class=newsTextDataWrapInner><p>The group plans to issue 85.98 million new shares, equivalent to 33.1% of its enlarged share capital. Proceeds from the IPO will be used to set up a teleport, enhance its operations and maintenance (O&amp;M) services, and improve its fibre optic network installation and commissioning service.</p></div>

<div class=newsTextDataWrapInner><p>Binasat currently provides O&amp;M services for approximately 4,500 Very Small Aperture Terminal (VSAT) ground stations, of which approximately 1,750 are VSAT ground stations at petrol stations, as well as approximately 10,500 Base Transceiver Station sites for mobile networks.</p></div>


KUALA LUMPUR: Binasat Communications Bhd, looking to float its shares on the ACE Market of Bursa Malaysia, has enlisted Kenanga Investment Bank Bhd (Kenanga IB) as its principal adviser, sponsor, underwriter and placement agent for the initial public offering (IPO).

Announcing this in a...

Binasat enlists Kenanga IB as IPO’s principal adviser

A month-long pilot project for the Malaysia-Singapore English Volunteers Programme (MSEVP), involving several schools in the Klang Valley, will be implemented in the middle of the year, according to the Education Ministry (MOE).

Pilot project for Malaysia-Singapore English Volunteers Programme to begin in mid-2025, says MOE

Sentoria Group Bhd (KL:SNTORIA) said its former chief executive officer Datuk Loh Yuen Tuck has initiated legal proceedings against the company in the Industrial Court.

Former CEO files lawsuit against Sentoria in Industrial Court

Jean-Marie Le Pen, founder of the far-right National Front party who tapped into working class concerns over immigration and globalisation, shaking up the French political establishment, has died at the age of 96.

French far-right politician Jean-Marie Le Pen dies at 96

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Penang has achieved several significant milestones in 2024, showcasing strong economic growth and social development, including attracting investments totalling RM31.38 billion.

Chief Minister Chow Kon Yeow said these investments are expected to create over 6,600 job opportunities, particularly in the high-value manufacturing sector, advanced services, and modern agriculture.

Penang secures RM31.38 bil in investments for 2024 — Chow

DBS Bank made two transactions in shares of Singapore Post (SingPost) nearly a week after the company terminated three of its top executives over the handling of whistle-blowing reports on Dec 22, 2024.

DBS bought and sold shares in SingPost nearly a week after termination announcement

Defence Minister Datuk Seri Mohamed Khaled Nordin on Tuesday received a courtesy call from the Chief of Joint Staff Department of Central Military Commission People's Republic of China General Liu Zhenli at Wisma Pertahanan here.

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A Seoul court has extended the arrest warrant for impeached South Korean President Yoon Suk Yeol, after the lead investigating agency asked for additional time.

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The Malaysian Anti-Corruption Commission (MACC) has detained eight individuals, including six officers, on suspicion of involvement in a syndicate approving heavy vehicle checks at an inspection centre in the federal capital.

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<p>The leaders of Malaysia and Singapore formalised an agreement establishing a special economic zone linking their two nations’ border region, with the aim of attracting 50 projects in the first five years of its establishment.</p>


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<p>National oil and gas company Petroliam Nasional Bhd, or Petronas, said on Tuesday it is embarking on a study to explore untapped resources in the Malay Basin off the coast of Peninsular Malaysia.</p>


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<p>Perusahaan Otomobil Kedua Sdn Bhd (Perodua) achieved record-high vehicle sales and production volumes in 2024, marking an 8.4% increase in sales compared to the previous year, along with its highest production output to date.</p>


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<p>The existence of the royal addendum in Najib's royal pardon raises significant questions that warrant clarification.</p>


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<p>KUALA LUMPUR (Jan 7): Maybank Investment Bank (Maybank IB) expects a de-rating for the Malaysian oil-and-gas sector, given the high possibility of capital expenditure reduction by Petroliam Nasional Bhd (Petronas) in 2025.</p>


O&G sector faces de-rating on potential Petronas capex cut — Maybank IB

<p>The government has&nbsp;decided that the Kuala Lumpur-Singapore high-speed rail (HSR) project can be revived if there is full participation from the private sector, with minimal government involvement, said Prime Minister Datuk Seri Anwar Ibrahim.&nbsp;</p>


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<p>Royal addendum? House arrest? If you, like many Malaysians, are confused over what took place in imprisoned former prime minister Datuk Seri Najib Razak's court case on Monday, below is a brief elucidation highlighting the main takeaways.</p>


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<p>Malaysia’s green industrialisation efforts face significant hurdles, including a decline of its manufacturing base, requiring urgent actions by the government, according to a new study.</p>


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<p>EA Technique (M) Bhd (KL:EATECH) said on Tuesday that it will get an undisclosed payoff as part of an amicable settlement with national oil-and-gas company Petronas over the lease of a floating storage unit vessel.</p>


EA Technique to get payoff from Petronas to settle vessel lease dispute

<p>There are still ample near- to medium-term opportunities for Kerjaya Prospek Group Bhd (KL:KERJAYA) after the construction firm secured its first contract for the year, analysts said.</p>


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<p>KUALA LUMPUR (Jan 7): The Federation of Investment Managers Malaysia (FIMM) has reprimanded a former unit trust consultant for allegedly cheating during its examination.</p>


FIMM reprimands unit trust consultant for alleged cheating in exam

<p>theedgemalaysia.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon close on Tuesday. Two stocks showed positive momentum, while the rest showed positive momentum.</p>


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<p>LAS VEGAS/TOKYO (Jan 6): Tesla supplier Panasonic Energy plans to eliminate its supply-chain dependence on China for electric vehicle (EV) batteries made in the United States, a senior executive told <em>Reuters</em>, calling the shift a "No.1 objective".</p>


Tesla supplier Panasonic Energy says cutting China supply for US business a 'No.1 objective'

<p>The King, Sultan Ibrahim Sultan Iskandar, on Tuesday granted an audience to Singapore Prime Minister Lawrence Wong at Istana Negara here.</p>


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<p>Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi has obtained permission from the High Court here to initiate contempt of court proceedings against former prime minister Tun Dr Mahathir Mohamad.</p>


Zahid obtains leave to initiate contempt of court proceedings against Dr M

<p>Cypark Resources Bhd (KL: CYPARK) said on Tuesday that it has achieved the commercial operation date (COD) for one of its two 60MW floating solar plants at Danau Tok Uban (DTU), Kelantan.</p>


Cypark Resources achieves commercial operation date for first 30MW floating solar plant at Danau Tok Uban

<h2>Notable filings</h2>

<p>For the week of Dec 9 to 13, notable shareholding changes at Bursa Malaysia-listed companies included those at <strong>FSBM Holdings Bhd</strong> (KL:FSBM), which saw its chief technology officer Low Kang Wei cease to be a substantial shareholder.</p>

<p>According t...

Insider Moves: FSBM Holdings Bhd,  N2N Connect Bhd, Datasonic Bhd, Kossan Rubber Industries Bhd, Sunway Bhd   

<p>Malaysia and Singapore are reopening discussions on long-standing issues such as water supply, maritime delimitation and airspace.</p>


Malaysia, Singapore reopen discussion on long-standing issues

<p>PUTRAJAYA (Jan 7): The dissolution of the government task force investigating 1Malaysia Development Bhd (1MDB) was an “administrative decision”, and not as a result of any directive by then-prime minister Datuk Seri Najib Razak, the court heard on Tuesday.</p>
