<div class=newsTextDataWrapInner><p>SINGAPORE (Sept 7): Singapore-listed CSC Holdings Ltd says jointly held Top3 Development has entered into sale and purchase agreements with Sime Darby Ainsdale Development and Sime Darby Plantation to acquire two plots of freehold land in Seremban, Malaysia, with a total area of 15 acres.</p></div>

<div class=newsTextDataWrapInner><p>The consideration for the land is about RM43 million (S$14.3 million) which includes stamp duties and GST. CSC says its portion will be satisfied entirely in cash, through a combination of shareholder funds and borrowings.</p></div>

<div class=newsTextDataWrapInner><p>The land is situated in Bandar Ainsdale, 5km away from Seremban town, 35km from Kuala Lumpur International Airport and 70km from Kuala Lumpur, with direct access to the North-South Expressway through the Bandar Ainsdale interchange.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Upon completion, Top3 intends to develop commercial properties on the site for sale or lease.</p></div>

<div class=newsTextDataWrapInner><p>Both Sime Darby Plantation and Sime Darby Ainsdale Development are wholly owned subsidiaries of Sime Darby Berhad which is listed on the Mainboard of Bursa Malaysia Securities Berhad.</p></div>

<div class=newsTextDataWrapInner><p>Shares of CSC closed unchanged at 2.3 cents.</p></div>


SINGAPORE (Sept 7): Singapore-listed CSC Holdings Ltd says jointly held Top3 Development has entered into sale and purchase agreements with Sime Darby Ainsdale Development and Sime Darby Plantation to acquire two plots of freehold land in Seremban, Malaysia, with a total area of 15 acres.

...

CSC Holdings to acquire 15 acres of freehold land in Seremban for development

Packaging manufacturer and developer Scientex Bhd's (KL:SCIENTX) earnings slipped in the first quarter ended Oct 31, 2024 (1QFY2025) as its packaging segment's lower profits more than offset its property division's better performance.

Scientex's 1Q earnings slip on lower profits at packaging segment

KUALA LUMPUR (Dec 18): Kenanga Research has initiated coverage on Time Dotcom Bhd (KL:TIMECOM) with an “outperform” call and a target price of RM5.91, citing the company’s potential to capitalise on the booming demand for internet traffic and data transmission.

Kenanga Research initiates coverage on Time Dotcom with a target price of RM5.91

ACE Market-bound Northern Solar Holdings Bhd plans to expand its coverage across Malaysia, targeting key regions especially in Johor and Penang, among others, on top of its existing market in the Klang Valley and Selangor areas, according to managing director Lew Shoong Kai.

Northern Solar eyes solar energy expansion post-IPO

SINGAPORE-listed Silverlake Axis Ltd’s privatisation exercise has generated much interest because of its unique dual-pricing structure that is believed to be rare in such deals.

Typically, privatisation bids fail or are prolonged because investors hold out for a higher offer, especially...

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KUALA LUMPUR (Dec 18): Malaysia’s total trade in November 2024 increased 2.9% to RM237.8 billion versus RM231.1 billion a year ago, driven by growth in exports and imports, said Statistics Department Malaysia (DOSM).

Malaysia’s total trade up 2.9% to RM237.8b in November 2024 — DOSM

The High Court has given SRC International Sdn Bhd and the United Malays National Organisation (Umno) a final extension until Jan 9, 2025, to reach a settlement in a RM19.5 million civil suit.

SRC, Umno given final extension till Jan 9 to settle RM19.5 mil lawsuit

The Federal Reserve is expected to lower borrowing costs on Wednesday in what some observers are calling a "hawkish cut" set to be delivered alongside policymakers' updated interest rate outlooks and economic forecasts covering the first months of the incoming Trump administration.

Fed expected to combine interest rate cut with hawkish 2025 outlook

LONDON (Dec 18): It's clear that critical minerals will be China's weapon of choice in its escalating trade war with the United States.

Every time Washington imposes new restrictions on exports of advanced semiconductor chips to China, Beijing responds by tightening controls on exports ...

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Authorities in Mayotte struggled on Tuesday to stop hunger, disease and lawlessness from spreading in the French overseas territory after the weekend's devastating cyclone, while Mozambique reported dozens of deaths from the storm.

Mayotte authorities fear hunger, disease after Cyclone Chido; death toll rises in Mozambique

KUALA LUMPUR (Dec 18): YNH Property Bhd (KL:YNHPROP) executive chairman Datuk Dr Yu Kuan Chon has been redesignated as an executive director of the property developer. Kuan Chon, 62, is YNH Property’s largest shareholder controlling a direct and indirect shareholding of 32.58% as at Oct 7, 2024.

YNH Property’s MD Kuan Huat replaces brother Kuan Chon as new chairman

<p>(Dec&nbsp;18) :&nbsp;Honda Motor Co&nbsp;and Nissan Motor Co&nbsp;are exploring a potential merger, according to people familiar with the matter, which would create a singular rival to Toyota Motor Corp&nbsp;in Japan and better position the combined company to face competitive challenges around the world. &nbsp;</p>


Nissan and Honda consider merger to take on world's biggest carmaker

<p>The proposed abolition of the Rule of 78 by Bank Negara Malaysia could “pave the way” for similar reforms in other financing products, including hire purchases, having a larger impact on the banking sector, according to Phillip Capital.</p>


Bank Negara's plan to abolish Rule of 78 may lead to wider financial reforms, says Phillip Capital

<p>Fashion firm Carlo Rino Group Bhd (KL:CARLORINO) made a weak debut on the ACE Market of Bursa Malaysia, after it raised some RM46 million from its initial public offering (IPO).</p>


Carlo Rino stages weak debut in ACE Market transfer listing

<p>Solar renewable energy specialist Northern Solar Holdings Bhd, en route to list on the ACE Market of Bursa Malaysia on Feb 6, is looking to raise up to RM64.8 million from the public market to part-finance its business expansion and for working capital.</p>


ACE Market-bound Northern Solar seeks to raise up to RM65m in IPO

<p>KUALA LUMPUR (Dec 18): Jati Tinggi Group Bhd (KL: JTGROUP) shares gained in active trade on Wednesday, a day after it said it won contract to supply and install photovoltaic solar panel systems at Public Bank Bhd’s (KL:PBBANK) branches for some RM14.88 million.</p>


Jati Tinggi’s shares gain in active trade early Wednesday on Public Bank contract

<p>KUALA LUMPUR (Dec 18): Shares of United Plantations Bhd (KL:UTDPLT) hit fresh all-time intraday high in early morning trade on Wednesday. The stock gained 2% to touch RM33.06 to become the top gainer on Bursa Malaysia.</p>


United Plantations hits fresh record intraday high at RM33.06

<p>UEM Sunrise Bhd (KL:UEMS) and ITRAMAS Corp Sdn Bhd have signed a memorandum of understanding (MOU) with China-based battery energy storage solutions (BESS) and power battery technology manufacturer Gotion High-Tech Co Ltd to develop a research and development (R&amp;D) centre at UEM Sunrise’s Renewable Energy (RE) Industrial Park in Gerbang Nusajaya, Iskandar Puteri, Johor.</p>


UEM Sunrise, ITRAMAS sign MOU with China-based Gotion High-Tech to develop R&D centre in Johor

<p>CIMB Securities is positive on Malaysia’s equity market in 2025, underpinned by a third consecutive year of earnings growth at 8%, driven by banks, construction and utilities sectors.</p>


Banks, construction, utilities sectors to drive 2025 earnings growth — CIMB Securities

<p>Asian stocks hovered near two-week lows and the dollar hit milestone highs against the Australian and New Zealand dollars on Wednesday in the countdown to an expected US interest rate cut.</p>


Dollar strong ahead of Fed meeting, Japan auto shares surge on Honda-Nissan news

<p>(Dec 18):&nbsp;Only a year after having their size clipped in the Nasdaq 100 because they got too big, the world’s largest technology companies may face another pruning when the marquee benchmark rebalances this week.</p>


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<p>KUALA LUMPUR (Dec 18): Nissan Motor Co and &nbsp;Honda Motor Co are exploring various possibilities for future collaboration, according to Nissan, amid news of a possible merger with Honda.</p>


Nissan confirms it is exploring collaborations with Honda

<p>KUCHING (Dec 17): The Bintulu Development Authority (BDA) has acquired a 10% stake in Pertama Ferroalloys Sdn Bhd through a share transfer memorandum of understanding (MOU), which is a milestone move for economic growth, community development, and sustainable initiatives in Sarawak.</p>


Bintulu Development Authority acquires 10% stake in Pertama Ferroalloys

<p>(Dec 18) :&nbsp;US stocks declined as traders braced for the Federal Reserve’s widely anticipated rate decision and its forecast for next year.</p>


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<p>US President-elect Donald Trump is poised to order changes meant to encourage domestic oil and gas development immediately after his Jan 20 inauguration.</p>


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<p>KUALA LUMPUR (Dec 18): YNH Property Bhd (KL:YNHPROP) executive chairman Datuk Dr Yu Kuan Chon has been redesignated as an executive director of the property developer. Kuan Chon, 62, is YNH Property’s largest shareholder controlling a direct and indirect shareholding of 32.58% as at Oct 7, 2024.</p>


<p>As global air traffic demand exceeds pre-Covid-19 pandemic levels this year, airlines are turning their attention to fleet expansion and about 10,000 more planes will operate by 2034, according to a new report published by global aviation advisory firm Alton Aviation Consultancy.</p>


10,000 more planes to take to  the sky in 10 years, says Alton

<p>KUALA LUMPUR (Dec 18): As Singapore’s property market rebounds from a prolonged lull, Hong Leong Investment Bank (HLIB) said it is “too early to worry” and &nbsp;anticipate any government cooling measures ahead of an election year.</p>


Premature to expect Singapore’s govt intervention as home sales hit decade high — HLIB

<p>Packaging manufacturer and developer Scientex Bhd's (KL:SCIENTX) earnings slipped in the first quarter ended Oct 31, 2024 (1QFY2025) as its packaging segment's lower profits more than offset its property division's better performance.</p>


<p>Auto Bavaria has partnered Affin Group to expand electric vehicle (EV) charging infrastructure, aiming to make EV ownership more accessible.</p>

<p>Auto Bavaria managing director Vi Thim Juan, in a statement on Wednesday, said the main goal of this partnership is to improve the availability of EV charging facilities across Malaysia.</p>


Auto Bavaria partners Affin to expand EV charging infrastructure

<p>Hon Hai Precision Industry Co, the Taiwan-based manufacturer of iPhones and other electric products known as Foxconn, has approached Nissan Motor Co to take a controlling stake, a person with knowledge of the matter said.</p>
