<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 3): Shares of Chemical Company of Malaysia Bhd (CCM) fell 7.69% this morning after it announced a slew of corporate exercises yesterday.</p></div>

<div class=newsTextDataWrapInner><p>At 9.50am, CCM fell 13 sen to RM1.56 with 825,200 shares traded.</p></div>

<div class=newsTextDataWrapInner><p>Yesterday, CCM said it is planning to redistribute a 73.37% stake in CCM Duopharma Biotech Bhd to its shareholders.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The chemical company is also planning to sell off three parcels of lands in Shah Alam to GBA Corp Sdn Bhd for RM190 million cash. Its original cost of investment for the three plots was RM23.3 million.</p></div>

<div class=newsTextDataWrapInner><p>Further, CCM is proposing a placement of 10% its current share capital to investors by way of book-building to raise approximately RM67 million, at an indicative price of RM1.49 per share to be finalised later.</p></div>

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KUALA LUMPUR (Aug 3): Shares of Chemical Company of Malaysia Bhd (CCM) fell 7.69% this morning after it announced a slew of corporate exercises yesterday.

At 9.50am, CCM fell 13 sen to RM1.56 with 825,200 shares traded.

Yesterday, CCM said it is planning to redistribute a 73.3...

Chemical Company of Malaysia falls 7.69% on planned corporate exercises

Malaysia has to exercise caution in positioning itself in its relations with other nations, in view of the growing complexities of the global geopolitics,  the Dewan Rakyat was told Thursday.

Tok Mat: Malaysia must be careful in way it positions itself amid shifting geopolitical landscape

SoftBank Group Corp’s Vision Fund 2 is investing in US artificial intelligence (AI) start-up Perplexity AI at a US$3 billion (RM14.16 billion) valuation, Masayoshi Son’s latest bet on a sector he deems crucial to securing his legacy.

SoftBank to back AI start-up Perplexity at US$3b valuation, Bloomberg reports

Amazon.com Inc plans to launch an online storefront for low-priced apparel and home goods, the company’s biggest move to date to counter the rise of discount upstarts like Temu and Shein.

Amazon plans discount web store in effort to counter China's Temu, Shein

The global market for carbon dioxide (CO2) removal credits could reach up to US$100 billion (RM471.8 billion) a year between 2030 and 2035 from US$2.7 billion last year if barriers to its growth are addressed, a report by management consultancy Oliver Wyman said on Thursday.

Global carbon removal market could reach US$100b per year from 2030 to 2035 — report

Billionaire climate tech investor Bill Gates said artificial intelligence (AI) will “pay for itself” when it comes to its associated greenhouse gas emissions, as the technology will help push forward the energy transition.

Bill Gates says AI’s green benefits will outweigh its emissions

(June 27): The clean-tech investment firm founded by Bill Gates, Breakthrough Energy Ventures, needs to fund more companies in the developing world, executive director Rodi Guidero said.

Gates’ climate firm sets sight on developing world

THE proposed Urban Renewal Act (URA) will not just cater to the redevelopment of existing buildings as it will also encompass the redevelopment of abandoned projects, says Minister of Housing and Local Government Nga Kor Ming.

However, while the consent threshold for the redevelopment o...

Cover Story: URA will also address abandoned projects and historical sites 

After a period of strong growth from 2021 to 2022, officially recorded remittance flows to low- and middle-income countries (LMICs) moderated to an estimated US$656 billion (RM3.1 trillion) in 2023, said the World Bank.

Global remittances slowed in 2023, seen rising in 2024 — World Bank

IN the early years of the country’s formation, squatters and slums were part and parcel of urban living, as people from rural areas migrated to towns and cities in search of jobs.

As these settlements were not equipped with public utilities and proper facilities, over the years they bec...

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KUALA LUMPUR (June 27): One-stop food processing and packaging machinery solutions provider EPB Group Bhd, which is set to debut on the ACE Market of Bursa Malaysia on Aug 23, has set its initial public offering (IPO) price at 56 sen, to raise RM62.48 million for the company and its offerors.

ACE Market-bound EPB sets IPO price at 56 sen, to raise RM62.5m

<p>MIDF Research<strong>&nbsp;</strong>recommends&nbsp;accepting the privatisation offer of RM11 per share for Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT), while maintaining its 'buy' call on Capital A Bhd (KL:CAPITALA), with a target price of RM1.06.</p>

<p>In a recent note, the research firm said MAHB is actively pursuing 15 additional foreign carriers to operate in the country within the next two years.&nbsp;</p>


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<p>KUALA LUMPUR (June 27): Three counters linked to prominent investor Datuk Dr Yu Kuan Chon fell during Thursday’s early trade, following the Securities Commission (SC)’s statement on Wednesday that it has sued him for alleged market rigging and manipulation.</p>


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<p>US-based global investment manager BlackRock, which has recently been in the spotlight due to the Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT) privatisation deal, has total assets worth RM27.5 billion in Malaysia since its entry into the country in the 1990s, according to&nbsp;Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.</p>


BlackRock in Malaysia since the 90s, holds RM27.5b in assets here, says Zafrul

<p>Investments by BlackRock and its affiliate companies in Malaysia will be among the highlights at the&nbsp;Dewan Rakyat sitting on Thursday.</p>

<p>According to the Order Paper published on Parliament's official website,&nbsp;the&nbsp;matter will be raised by Lim Guan Eng (Pakatan Harapan-Bagan) to Investment, Trade&nbsp;and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz&nbsp;during question time.</p>


Details of BlackRock's investments in Malaysia in focus on Thursday

<p>The Employees Provident Fund (EPF) had approved nearly RM7 billion in withdrawals from Account 3 (Account Flexible) as of June 10, according to the Ministry of Finance (MOF).</p>


EPF approved nearly RM7b in Account 3 withdrawals as of June 10 — MOF

<p>HEKTAR Real Estate Investment Trust (Hektar REIT) (KL:HEKTAR), which has several retail malls in its portfolio, could see the emergence of a new substantial unitholder.</p>

<p>According to sources, Hektar Black Sdn Bhd’s stake in Hektar REIT has seen interest from several suitors for a while n...

New substantial unitholder may emerge in Hektar REIT

<p>The federal government has confirmed that telecommunications and digital conglomerate Axiata Group Bhd (KL:AXIATA) suffered losses from its venture in Nepal.</p>


MOF confirms Axiata suffered losses in Nepal venture

<p>KUALA LUMPUR (June 27): One-stop food processing and packaging machinery solutions provider EPB Group Bhd, which is set to debut on the ACE Market of Bursa Malaysia on Aug 23, has set its initial public offering (IPO) price at 56 sen, to raise RM62.48 million for the company and its offerors.</p>


<p>The US Department of Justice (DOJ) said that it had reached an agreement, resolving two civil forfeiture cases, with fugitive Low Taek Jho (Jho Low), members of his family, and trust entities Jho Low established.</p>


US recovers Monet painting, Paris apartment from Jho Low

<p>HSBC Malaysia has launched a brand-new lifestyle credit card, the HSBC Live+ Credit Card, in partnership with Visa.</p>

<p>In a statement on Wednesday, the bank said the credit card is designed to elevate the lifestyle experience of internationally minded customers, tailored with cashbacks to benefit them from their lifestyle spending, which includes dining, shopping and entertainment.</p>


HSBC Malaysia launches Live+ credit card with Visa

<p>China became a world leader in electric vehicles (EVs) by showering companies with public cash. It’s a charge increasingly heard in the US and Europe, and a refrain that’s central to the escalating trade war.</p>


China’s EV success story built on price wars, Tesla factor

<p>INVESTORS who bet on the growth story of CCK Consolidated Holdings Bhd (KL:CCK) a year ago would have been quite handsomely rewarded as the share price of the integrated poultry and retail player has more than doubled on the back of its robust expansion plans.</p>

<p>The icing on the cake may ...

Market digesting Creador’s stake acquisition in CCK’s Indonesian unit 

<p>The High Court here has rejected a judicial review application,&nbsp;brought by the Malaysian Bar,&nbsp;to challenge Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi's discharge not amounting to acquittal (DNAA) in the Yayasan Akalbudi corruption case.</p>


High Court dismisses Malaysian Bar’s bid to challenge Zahid’s discharge not amounting to acquittal in graft case

<p>Shares in Poh Huat Resources Holdings Bhd (KL:POHUAT) fell to their lowest in more than two months, after the furniture maker reported weaker-than-expected results for the second quarter ended April 30, 2024 (2QFY2024).</p>


Poh Huat shares fall over two-month low after 2Q miss

<p>Rakuten Trade said SBH Marine Holdings Bhd (KL:SBH) may extend its upward trajectory, after it broke out from its 11-week&nbsp;U-shaped recovery pattern, with a second consecutive white candle to surpass the 30 sen resistance on Wednesday.</p>


SBH may extend upward trajectory, says Rakuten Trade

<p>STATE-controlled Perak Corp Bhd (KL:PRKCORP) seems to have lost significant parcels of land as a result of not paying nominal amounts&nbsp;in quit rent, documents viewed by The Edge indicate.</p>

<p>In October 2022, the Perak state government initiated moves to take over six parcels of land co...

 More intriguing issues emerge at Perak Corp  

<p>KUALA LUMPUR (June 27): Human rights non-governmental organisation (NGO) Lawyers for Liberty (LFL) said the larger issue of the constitutionality of Universiti Teknologi Mara (UiTM) being exclusively for the Bumiputera remains unresolved.</p>


Issue of constitutionality of UiTM being exclusively for Bumiputeras remains unresolved, say lawyers

<p>Asian shares fell and bond yields spiked on nervousness about inflation on Thursday, while the yen's slide past 160-per-dollar had currency traders bracing for Japan to step in and steady it.</p>


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<p>RHB Investment Bank (RHB IB) has initiated coverage of Pentamaster Corp Bhd (KL:PENTA), with a 'buy'&nbsp;rating at RM4.93 and a target price (TP) of RM6.16, or a 25% upside with 0.4% yield for the financial year ending Dec 31, 2024 (FY2024).</p>


RHB IB starts coverage of Pentamaster, target price at RM6.16

<p>KUALA LUMPUR (June 27): Notion VTec Bhd (KL:NOTION), in its clarification on a recent article, maintained that three main factors were the driving factors for recent rise in its share price: strong financial performance recovery, the sector's turnaround, and positive analyst outlook.&nbsp;</p>
