<div class=newsTextDataWrapInner>SINGAPORE (Jan 5): CDW Holding, the producer and supplier of precision components, is acquiring a 95% stake in GSP Enterprise, a limited liability company established in Japan, for a cash consideration of 14.25 million yen (S$168,2000).</div>

<div class=newsTextDataWrapInner>The company will be acquired via CDW’s wholly-owned subsidiary, Tomoike Industrial (HK), following which GSP will become an indirect subsidiary of CDW.</div>

<div class=newsTextDataWrapInner>GSP Enterprise is 100% owned by Shimizu Yoshiku, an honorary professor in Kyorin University who is also the spouse of Keio University’s late honorary professor, Shimizu Nobuyoshi. As at end March 2017, the company had both an unaudited net book value and net tangible asset (NTA) of 1.25 million yen... <a href="https://www.theedgesingapore.com/cdw-holding-acquire-95-indirect-stake-japanese-rd-firm" target="_blank">(Click here to read the full story.)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (Jan 5): CDW Holding, the producer and supplier of precision components, is acquiring a 95% stake in GSP Enterprise, a limited liability company established in Japan, for a cash consideration of 14.25 million yen (S$168,2000).

The company will be acquired via CDW’s wholly-owne...

CDW Holding to acquire 95% indirect stake in Japanese R&D firm

Pakatan Harapan (PH) component parties must respect the coalition's decision to hand the Bemban state seat to a Bersatu candidate in the Melaka state election, says PH election director Datuk Seri Amirudin Shari.

Melaka polls: PH component parties must respect decision on Bemban seat allocation — Amirudin

The extension of the West Coast Expressway (WCE) from Banting, Selangor, to Masjid Tanah was among the matters discussed by the Cabinet, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

WCE expected to be extended from Banting to Masjid Tanah — Ahmad Zahid

Wall Street's main stock indices advanced on Tuesday as optimism around the artificial intelligence (AI) trade persisted ahead of a raft of key corporate earnings, while easing oil prices also supported risk appetite heading into the Federal Reserve's policy decision this week.

Wall St rises as AI momentum holds heading into key earnings, Fed decision

Discussions between Melaka Barisan Nasional (BN) chairman Datuk Seri Ab Rauf Yusoh and MCA president Datuk Seri Dr Wee Ka Siong is believed to have successfully resolved several deadlocks regarding seat distribution for the Melaka state election (PRN) next month.

Several deadlocks in seat distribution with MCA resolved — AB Rauf

JetBlue Airways Corp reassured Wall Street that it’ll be profitable next year, as the debt-laden carrier seeks to overcome persistent losses and high oil prices to prevent a deeper restructuring.

JetBlue shares soar after it vows to return to profitability

A Brazilian Supreme Court justice ordered federal police to open a probe into possible illegal foreign financing of defeated candidate Flávio Bolsonaro’s presidential campaign, including by a group linked to US Vice President JD Vance.

Brazil probes foreign financing, including group linked to Vance

Israelis surged to the polls on Tuesday at a pace that shattered records, to pass wartime judgment on Prime Minister Benjamin Netanyahu in what voters described as the most consequential election in the nation's history.

Israelis shatter turnout records to pass wartime judgment on Netanyahu

Asean Special Envoy to Myanmar Maria Theresa Lazaro is expected to visit Naypyidaw, Myanmar from Oct 28 to 29 to seek progress on efforts by the country to address its political crisis ahead of the 49th Asean Summit.

Asean special envoy to visit Myanmar ahead of summit 

Here is a brief recap of some business news and corporate announcements that made headlines on Tuesday:

Zetrix AI, AirAsia, CIMB, SD Guthrie, Nestle Malaysia, LPI Capital, Dufu Technology, Eco-Shop, Tenaga Nasional, Matrix Concepts, AME Elite, Ni Hsin, HB Global, Infomina, Bintai Kinden, Paragon Globe

Dufu Technology Corp Bhd (KL:DUFU) reported its highest quarterly net profit in four years driven by stronger hard disk drive (HDD) component sales and a fair value gain of  RM2.8 million from investments in listed shares.

Dufu posts highest quarterly profit in four years on stronger sales, fair value gain

The government has yet to decide whether to provide financial support to financially-distressed AirAsia Group Bhd (KL:AAGB), Transport Minister Anthony Loke Siew Fook said.

Loke: Govt yet to decide on financial support for AirAsia

Here is a brief recap of some business news and corporate announcements that made headlines on Tuesday:

The government has barred a petrol station in Sungai Buaya in Nibong Tebal, Penang, from selling subsidised RON95 petrol and diesel after detecting suspicious transactions under the Budi Madani programme.

Govt bars Penang petrol station from selling subsidised fuel, blocks RM270,000 in payments over alleged Budi Madani abuse 

The government has approved a requirement for data centres to use at least 30% renewable energy, Deputy Prime Minister Datuk Seri Fadillah Yusof said on Tuesday.

Data centres to be required to source at least 30% renewable energy — Fadillah

Malaysia’s swelling palm oil inventories are straining storage capacity in the country’s top-producing state, as a bumper harvest piles pressure on the government to clear excess supplies.

Malaysian palm oil glut swamps storage in top producer Sarawak

A group of Kuala Lumpur residents has gone to the court to challenge a 66-year-old law that allows the government to take over private land, including for projects by private companies.

Kuala Lumpur residents' group files court challenge against 1960 law on compulsory land acquisition

Paragon Globe Bhd (KL:PGLOBE) on Tuesday received shareholders’ approval for its proposed sale of 65 acres of land in Iskandar Puteri, Johor, to a unit of Singapore-based DayOne Data Centers Ltd for RM398.11 million.

Paragon Globe gets shareholders’ nod for RM398m Johor land sale to data centre firm DayOne

YNH Property Bhd (KL:YNHPROP) said the Inland Revenue Board (IRB) will withdraw a winding-up petition against its wholly-owned subsidiary after it reached a settlement on outstanding tax liabilities.

YNH Property says IRB to withdraw winding-up petition following settlement on tax liabilities

Dufu Technology Corp Bhd (KL:DUFU) reported its highest quarterly net profit in four years driven by stronger hard disk drive (HDD) component sales and a fair value gain of &nbsp;RM2.8 million from investments in listed shares.

Tenaga Nasional Bhd (KL:TENAGA) has issued RM4.8 billion in Islamic medium-term notes under its RM10 billion sustainability sukuk wakalah programme to finance or refinance eligible transition projects as part of its sustainability goals.

Tenaga Nasional issues another RM4.8 bil sukuk to fund transition projects

The High Court has dismissed an application by Mulia International Limited (MIL) — an international unit of Indonesia's prominent Mulia Group (PT Mulialand) — to stay a domestic commercial lawsuit brought against it by MKD Signature Sdn Bhd concerning the ownership of the Exchange 106 tower at Tun Razak Exchange (TRX).

High Court dismisses Mulia International’s bid to stay MKD Signature’s suit over Exchange 106 tower ownership dispute

Intel Corp&nbsp;agreed to buy Israeli start-up Classiq Technologies Ltd&nbsp;as part of a push to capitalise on quantum computing, a still-nascent field that is seeking commercial applications.

Intel said to buy quantum start-up Classiq for about US$2.3 bil

Eco-Shop Marketing Bhd (KL:ECOSHOP) posted a higher net profit for the first quarter, buoyed by store expansion and a rise in customer transactions.

Eco-Shop 1Q net profit rises nearly 8% as store network expands

Sandisk Corp, Micron Technology Inc, Seagate Technology Holdings plc and Western Digital Corp were among the stock market’s biggest winners in the first six months of the year as demand from the artificial intelligence (AI) build out seemed insatiable.

Memory stocks lost their shine despite strong earnings 

Saudi Arabia contained a fire near its biggest oil export terminal at Ras Tanura on the Persian Gulf following an attack in the region, a person with knowledge of the matter said.

Aramco contains fire near Ras Tanura oil hub after attack — Bloomberg

A Brazilian Supreme Court justice ordered federal police to open a probe into possible illegal foreign financing of defeated candidate Flávio Bolsonaro’s presidential campaign, including by a group linked to US Vice President JD Vance.

A summary of how key Bursa Malaysia indices and the ringgit performed on Tuesday.

FBM KLCI up 0.47% to 1,611.85 on Oct 27, 2026

The government is determined to take stern action against the masterminds and syndicates behind foreign migrant smuggling, as well as any parties protecting or complicit with them, following the death of a Malaysian Maritime Enforcement Agency (MMEA) personnel while on duty.

Govt to take firm action against syndicates behind foreign migrant smuggling, says Anwar

Technology solutions provider Infomina Bhd (KL:INFOM) has secured a RM32.11 million contract from the Home Ministry to provide maintenance and technical support services for the National Registration Department's (JPN) core application systems.

Infomina secures RM32.1 mil Home Ministry contract for JPN systems maintenance

Pop Mart International Group Ltd reported a decline in third-quarter (3Q) sales from a year earlier, hurt by fading Labubu momentum and a tough base of comparison following last year’s blockbuster results.