<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on April 20, 2017 - April 26, 2017</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Chin Hin Group Bhd founder and deputy group executive chairman Datuk Chiau Beng Teik has bought a 15.19% stake or 42.03 million shares in Boon Koon Group Bhd.</p></div>

<div class=newsTextDataWrapInner><p>Boon Koon’s filing with Bursa Malaysia yesterday showed that of the lot, 40 million shares were acquired off-market, while the remainder were bought from the open market.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Chiau bought the 40 million shares from Boon Koon’s executive chairman Datuk Goh Boon Koon at 45 sen apiece or RM18 million in all, whose direct shareholding fell to 8.56% or 23.69 million shares after the disposal, and an indirect stake of 9.26%.</p></div>

<div class=newsTextDataWrapInner><p>The change in shareholding raised Chiau’s stake in Boon Koon to 20.03% from 4.84% previously.</p></div>

<div class=newsTextDataWrapInner><p>Boon Koon’s share price fell 0.5 sen or 1% to 49.5 sen yesterday, valuing it at RM136.99 million, while Chin Hin fell one sen to RM1.30, giving it a market capitalisation of RM657.65 million. Year to date, Boon Koon shares have jumped about 313%.</p></div>


KUALA LUMPUR: Chin Hin Group Bhd founder and deputy group executive chairman Datuk Chiau Beng Teik has bought a 15.19% stake or 42.03 million shares in Boon Koon Group Bhd.

Boon Koon’s filing with Bursa Malaysia yesterday showed that of the lot, 40 million shares were acquired off-marke...

Chin Hin founder buys 15% stake in Boon Koon

Pahang exco member Datuk Nizar Najib has produced a letter from the Royal Pahang household, purportedly verifying the existence of the Jan 29, 2024, addendum that allows former prime minister Datuk Seri Najib Razak to serve the remainder of his prison sentence under house arrest.

Nizar produces letter from Pahang controller verifying addendum

BENGALURU (Jan 6): Hong Kong-based developer Logan Group said on Monday that it was offering a restructuring proposal for the majority of its about US$8.01 billion (RM36.08 billion) offshore debt, including conversion to mandatory convertible bonds for its offshore creditors.

Hong Kong-based Logan Group proposes restructuring its US$8b offshore debt

Canadian Prime Minister Justin Trudeau is expected to announce his resignation as leader of the Liberal Party this week, the Globe and Mail reported, citing information from three people it didn’t name.

Canada’s Trudeau is likely to resign this week — report

KUALA LUMPUR (Jan 6): Shares of glove manufacturers rallied on Monday in active trade amid reports of new virus infections in China, though authorities have downplayed the infections as seasonal winter peak.

Glove stocks rally amid reports of new virus infections in China, MIDF shrugs off potential demand spike

Share markets got off to a patchy start in Asia on Monday ahead of a week brimming with economic news that should underline the relative outperformance of the US and support the dollar's ongoing bull run.

Shares patchy in Asia, Canadian dollar up on Trudeau report

SYDNEY (Jan 6): Insignia Financial shares shot to a three-year high on Monday, after it revealed a A$2.87 billion (US$1.78 billion, or RM8.01 billion) takeover bid from US-based investment manager CC Capital Partners, eclipsing a A$2.67 billion offer from Bain Capital.

Australia's Insignia gets US$1.8b bid from CC Capital, topping Bain offer

A crowd rallied outside the Palace of Justice on Monday to support former prime minister Datuk Seri Najib Razak in his renewed bid to serve the rest of his prison term under house arrest.

Supporters turn up to Najib solidarity rally

Local institutions supported Bursa Malaysia for the 11th consecutive week, with net purchases of RM304.0 million in domestic equities, according to MIDF Amanah Investment Bank Bhd.

MIDF: Local institutions back Bursa Malaysia for 11th straight week

(Jan 6): Italy is in advanced talks with Elon Musk’s SpaceX for a deal to provide secure telecommunications for the nation’s government — the largest such project in Europe, people with knowledge of the matter said on Sunday (Jan 5).

Italy plans US$1.6b SpaceX telecom security services deal

LONDON (Jan 5): Elon Musk said Nigel Farage should quit as leader of Britain's right-wing Reform UK party in an abrupt withdrawal of support by the US billionaire for the Brexit campaigner, who is trying to shake up the British political establishment again.

Musk turns on UK's Farage and says he should quit as Reform party leader

<p>A crowd rallied outside the Palace of Justice on Monday to support former prime minister Datuk Seri Najib Razak in his renewed bid to serve the rest of his prison term under house arrest.</p>


<p>KUALA LUMPUR (Jan 6): Binastra Corporation Bhd (KL:BNASTRA) may be the preferred contractor for property projects worth RM10 billion in gross development value over the next three years, Mercury Securities said.</p>


Binastra may be preferred contractor for property projects worth RM10b, Mercury starts coverage on 'buy'

<p>Share markets got off to a patchy start in Asia on Monday ahead of a week brimming with economic news that should underline the relative outperformance of the US and support the dollar's ongoing bull run.</p>


<p>(Jan 6): The task of providing elderly care for the growing number of Chinese baby boomers may be a headache for Beijing, but a Singaporean hospital operator sees it as an evergreen opportunity.</p>


Singapore hospital operator Perennial targets wealthy boomers in China

<p>KUALA LUMPUR (Jan 6): Shares of glove manufacturers rallied on Monday in active trade amid reports of new virus infections in China, though authorities have downplayed the infections as&nbsp;seasonal winter peak.</p>


<p>(Jan 6): The Australian dollar slid the most in six years in 2024 but its decline looks far from over — there’s every prospect it will fall below 60 US cents (RM2.70)&nbsp;in coming months.</p>


Bears see Aussie dollar drop to 60 cents as Trump readies China tariffs

<p>Canadian Prime Minister Justin Trudeau is expected to announce his resignation as leader of the Liberal Party this week, the <em>Globe and Mail</em> reported, citing information from three people it didn’t name.</p>


<p>Pahang exco member Datuk Nizar Najib has produced a letter from the Royal Pahang Household, purportedly verifying the existence of the Jan 29, 2024, addendum that allows former prime minister Datuk Seri Najib Razak to serve the remainder of his prison sentence under house arrest.</p>


Nizar produces letter purportedly from Pahang comptroller, allegedly verifying addendum

<p>Local institutions supported Bursa Malaysia for the 11th consecutive week, with net purchases of RM304.0 million in domestic equities, according to MIDF Amanah Investment Bank Bhd. &nbsp;</p>


<p>SYDNEY (Jan 6): Insignia Financial shares shot to a three-year high on Monday, after it revealed a A$2.87 billion (US$1.78 billion, or RM8.01 billion) takeover bid from US-based investment manager CC Capital Partners, eclipsing a A$2.67 billion offer from Bain Capital.</p>


<p>(Jan 6):&nbsp;Shares in Nippon Steel Corp&nbsp;slipped on Monday, the first day of trading since US President Joe Biden&nbsp;blocked&nbsp;the Japanese company’s planned US$14.1 billion (RM63.49 billion) takeover of United States Steel Corp.</p>


Nippon Steel dips after Biden blocks US Steel takeover

<p>(Jan 6): The yuan weakening past a level that China had been defending throughout December has returned the spotlight to its daily reference rate for the managed currency to gauge Beijing’s appetite to support it.</p>


Yuan traders look to PBOC fixing to gauge level of support

<p>LONDON (Jan 5): Elon Musk said Nigel Farage should quit as leader of Britain's right-wing Reform UK party&nbsp;in an abrupt withdrawal of support by the US&nbsp;billionaire for the Brexit campaigner, who is trying to shake up the British political establishment again.</p>


<p>(Jan 6):&nbsp;Italy is in advanced talks with Elon Musk’s SpaceX for a deal to provide secure telecommunications for the nation’s government — the largest such project in Europe, people with knowledge of the matter said on Sunday (Jan 5).</p>


<p>WASHINGTON (Jan 5): A massive winter storm moving across the United States will not keep the US&nbsp;Congress from meeting on Monday to formally certify Republican Donald Trump's election as president, Republican House Speaker Mike Johnson said on Sunday.</p>


Winter storm will not delay Trump election certification in Congress, House leader says

<p>（吉隆坡6日讯）Mercury证券表示，Binastra Corporation Bhd（KL:BNASTRA）可能是未来3年发展总值100亿令吉产业项目的首选承包商。</p>
