<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 20): Tan Sri Chan Ah Chye now has 500 million more of Talam Transform Bhd shares in his direct holding, a transaction that is part of his supplemental agreement — to a share sale agreement dated Oct 17, 2014 — with Kumpulan Europlus Bhd that was signed on Aug 28 last year.</p></div>

<div class=newsTextDataWrapInner><p>Talam Transform's bourse filing today showed that, as at Apr 18, Chan directly holds 607.71 million shares of the loss-making property developer, equivalent to a 14.41% stake, compared to 107.71 million shares or a 2.55% stake previously.</p></div>

<div class=newsTextDataWrapInner><p>This brings Chan's indirect holding to 15.62%, including shares held by his wife Puan Sri Thong Nyok Choo, Kumpulan Europlus, and a few other companies.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Kumpulan Europlus now holds 492.84 million or 11.69% of Talam Transform shares, after the transaction.</p></div>

<div class=newsTextDataWrapInner><p>Under the supplemental agreement, the tranche of shares was valued at 8.5 sen apiece, or 70% higher than today's closing of five sen.</p></div>

<div class=newsTextDataWrapInner><p>There will be another tranche of 400 million Talam Transform shares scheduled to be sold to Chan, at 9.5 sen per share.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (April 20): Tan Sri Chan Ah Chye now has 500 million more of Talam Transform Bhd shares in his direct holding, a transaction that is part of his supplemental agreement — to a share sale agreement dated Oct 17, 2014 — with Kumpulan Europlus Bhd that was signed on Aug 28 last year....

Chan Ah Chye's direct stake in Talam Transform rises to 14.41%

Global shares were mixed on Wednesday as markets digested political turmoil in South Korea, where martial law was imposed and then lifted hours later, and France, where an upcoming no-confidence vote also put the euro in the spotlight.

Global stocks grapple with political turmoil in South Korea, France

Malaysia has the potential to become a regional hub for electric vehicle (EV) production and innovation, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Malaysia has potential to become regional hub for EV production, says Fadillah

The Malaysia Competition Commission (MyCC) has appointed Tan Sri Idrus Harun as its new chairman effective Nov 25, 2024 for a period of three years until Nov 24, 2027.

MyCC said the appointment comes as the need to fill the vacancy of its former chairman, Dutuk Seri Mohd Hishamudin Md Yunus who was appointed chairman of the Human Rights Commission of Malaysia (SUHAKAM) on July 3, 2024.

MyCC appoints former Attorney General Idrus Harun as new chairman

Carmaker Stellantis on Wednesday denied an Italian newspaper report that it planned to name outgoing Apple finance chief Luca Maestri as its new chief executive.

Stellantis denies report about picking Apple's Maestri as new CEO 

Business activity across the eurozone fell sharply last month as the bloc's dominant services sector joined the manufacturing sector in contracting, according to a survey which showed a broadbased decline.

Eurozone business activity declines sharply in November, PMI shows

(Dec 4): A group of investors led by Carlyle Group Inc is considering reviving the sale of Trans Maldivian Airways Pvt Ltd (TMA), people familiar with the matter said, amid a recovery in travel to the island nation.

Carlyle said to revive sale of world’s biggest seaplane firm — Bloomberg

South Korea’s martial law decree was short-lived but the implications for global investors in the region may roll on for some time.
 
The shock imposition of the measures late on Tuesday and their just as sudden removal risk further denting sentiment towards Asian assets already threatened by higher US tariffs.

Gamble gone wrong upends traders’ perception of Korea and beyond

A second impeachment complaint was filed on Wednesday against Philippine vice-president Sara Duterte over her alleged misuse of public funds and refusal to defend her budget before Congress.

Philippines' VP Duterte faces second impeachment complaint

The amount of explicit content generated using artificial intelligence (AI) has been rising each year, with the Malaysian Communications and Multimedia Commission (MCMC) removing 1,225 of such content as of Dec 1, compared with just 186 in 2022, the Dewan Rakyat was told on Wednesday.

AI-generated explicit content on the rise, 1,225 taken down as of Dec 1, says Teo

BETWEEN 1800s and early 1900s, a bunch of powerful financiers dominated America through their political networking or guanxi, making a ton of money in the process through — what we might in this day and age call — questionable practices. They were dubbed “robber barons”, a term first used in the ...

Tech: Trump, Musk and a new era of robber barons

<p>A Singaporean couple wanted in connection with a corruption case in Singapore, and who had been on the run for 19 years, were arrested by the Malaysian Anti-Corruption Commission (MACC) on Tuesday.</p>


MACC arrests Singaporean couple who spent 19 years on the run

<p>Shares of Pentamaster Corporation Bhd (KL:PENTA) shot up as much as 22.6% to RM4.23 — a three-month&nbsp;high — after its 63.9%-owned subsidiary Pentamaster International Ltd voluntarily suspended trading of its shares on the Hong Kong Stock Exchange.&nbsp;</p>


Pentamaster shares jump 23% on trading halt of HK unit

<p>South Korean lawmakers on Wednesday called on President Yoon Suk Yeol to resign or face impeachment after he declared martial law only to reverse the move hours later, triggering a political crisis in Asia's fourth-largest economy.</p>

<p>The surprise declaration late on Tuesday ignited a standoff with parliament which rejected his attempt to ban political activity and censor the media, as armed troops forced their way into the National Assembly building in Seoul.</p>


South Korean president faces impeachment calls after martial law debacle

<p>KUALA LUMPUR (Dec 4): Prime Minister Datuk Seri Anwar Ibrahim announced that the signing of the Johor-Singapore Special Economic Zone (JS-SEZ) agreement on Dec 9 this year, has been postponed to likely January 2025.</p>


PM: Signing of Johor SEZ agreement with Singapore likely postponed to January next year

<p>KUALA LUMPUR (Dec 4): Tan Sri Halim Saad has been cleared by the Malaysian Anti-Corruption Commission (MACC) in a probe concerning a RM2.3 billion transaction involving a&nbsp;listed company in the 1990s, according to a statement&nbsp;released by the tycoon to the media on Wednesday.</p>


Halim Saad says he is cleared in MACC probe on RM2.3b transaction from over two decades ago

<p>The construction sector in Malaysia is set to achieve its strongest year since 2016, driven by a surge in project roll-outs from both the public and private sectors, analysts from RHB said.</p>


Construction sector on track for best year since 2016 — RHB

<p>In October, the government announced incentives to jump-start the special economic zone in Forest City. One particular announcement that caught attention was the zero tax rate for family offices, a term rarely heard of in Malaysia as the regulatory framework for such firms did not exist. Essentially, family offices handle investment and wealth management for wealthy families.</p>


Rise of the family office

<p>Intel has started evaluating a handful of outsiders, including former board member Lip-Bu Tan, for the role of its chief executive officer, after the struggling American chipmaking icon&nbsp;ousted company veteran Pat Gelsinger, according to people familiar with the matter.</p>


Intel evaluating outsiders for CEO role, including M'sia-born ex-board member Lip-Bu Tan — Reuters

<p>Shares of JF Technology Bhd (KL:JFTECH) rose as much as 12 sen or 22.64% from their four-year lows, on news that the company will begin US sales from January 2025 by leveraging the distribution network of US-based Ironwood Electronics.</p>


JF Tech shares break out from four-year lows on US sales prospects

<p>South Korean President Yoon Suk Yeol’s surprise decision to impose martial law in South Korea for the first time in more than 40 years — and then just as swiftly reverse course — sparked whiplash in the country’s foreign-traded assets and caught global markets off guard, at one point sending US Treasury yields lower as traders sought a haven from potential instability.&nbsp;</p>


South Korea’s whirlwind stint in martial law jolts markets

<p>Teleport, the logistics arm of Capital A Bhd (KL:CAPITALA), is expected to close its financial year ending Dec 31, 2024 (FY2024) with a record-high annual revenue of more than RM1 billion, according to its chief executive officer&nbsp;Pete Chareonwongsak.&nbsp;</p>


Capital A’s Teleport foresees record top line in FY2024 as daily parcels volume doubles from 1H

<p>Jailed former prime minister Datuk Seri Najib Razak denied on Wednesday he had any personal interests in the PetroSaudi International Ltd (PSI) joint venture (JV), maintaining that what was done in 2009 was for national interests.</p>


Najib: I don’t have personal interests in PSI deals, quizzed Bakke and board over opening of JV account before approval

<p>Former prime minister Datuk Seri Najib Razak has denied ever telling then second finance minister Datuk Seri Ahmad Husni Hanadzlah to “not interfere” in matters of 1Malaysia Development Bhd (1MDB), refuting Husni’s claims that he had advised Najib against a US$1 billion joint venture (JV) with PetroSaudi International (PSI).</p>


1MDB-Tanore: Najib expresses disappointment in former second finance minister Husni's testimony against him

<p>Global shares were mixed on Wednesday as markets digested political turmoil in South Korea, where martial law was imposed and then lifted hours later, and France, where an upcoming no-confidence vote also put the euro in the spotlight.</p>


<p>Analysts are looking past VS Industry Bhd’s (KL:VS) weak first-quarter results, amid expectations of new sales orders, on top of the RM1.2 billion worth of orders at hand currently.</p>


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<p>KUALA LUMPUR (Dec 4): The recent Swiss court decision against PetroSaudi International Ltd (PSI) executives over the 1Malaysia Development Bhd (1MDB) scandal clearly shows that former prime minister Datuk Seri Najib Razak was not implicated in the misappropriation of funds, the court heard on Wednesday.</p>


1MDB-Tanore: Najib cites Swiss judgement against PSI execs, says he is not implicated in fund misappropriation

<p>KUALA LUMPUR (Dec 4): Garment manufacturer Magni-Tech Industries Bhd’s (KL:MAGNI) shares jumped in early trade on Thursday, after its second quarterly results came largely within analysts’ expectations.</p>


Magni-Tech shares jump in early trade on special dividends after 2Q came within expectations

<p>Mitsubishi Corp&nbsp;has suffered a loss of more than US$90 million (RM402.10 million) in China after uncovering suspected fraud by one of its copper traders, according to people familiar with the matter.</p>


Mitsubishi Corp lost US$90m in suspected copper fraud in China — Bloomberg

<p>Perusahaan Otomobil Kedua Sdn Bhd (Perodua) aims&nbsp;to produce 500 units per month of an electric vehicle (EV) called eMO-II starting next year.</p>


Perodua set to produce 500 units of eMO-II monthly, aims for cheapest EV

<p>Former prime minister Datuk Seri Najib Razak said that Datuk Shahrol Azral Ibrahim Halmi should be facing criminal charges like he is, instead of being the star prosecution witness in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial, as Shahrol, as the then chief executive officer of 1MDB, was the one who took steps to transfer US$700 million in 1MDB funds to a sham entity.</p>
