<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 16): Conglomerate DRB-Hicom Bhd said it has not received any notice of a buyout offer from tycoon Tan Sri Syed Mokhtar Albukhary Syed Nor, who owns a 56% stake in the company through investment vehicle Etika Strategi Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Friday (Dec 16), DRB-Hicom said to date, it has also not received any notification from Syed Mokhtar that he is conducting a strategic review on the company.</p></div>

<div class=newsTextDataWrapInner><p>It was responding to a Bloomberg report on Thursday, citing people with knowledge of the matter, that the tycoon was in talks with potential advisers on options that could involve a buyout of DRB-Hicom. The report added that Syed Mokhtar was also weighing a stake sale or other ways to further streamline DRB-Hicom’s businesses.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"DRB-Hicom will make the appropriate announcement(s) to Bursa Malaysia ... if there is any development on the matter," the group said in Friday's filing.</p></div>

<div class=newsTextDataWrapInner><p>DRB-Hicom shares closed up two sen or 1.3% at RM1.56 on Friday, translating into a market capitalisation of RM3.02 billion.</p></div>


Conglomerate DRB-Hicom Bhd said it has not received any notice of a buyout offer from tycoon Tan Sri Syed Mokhtar Albukhary Syed Nor, who owns a 56% stake in the company through investment vehicle Etika Strategi Sdn Bhd.

In a bourse filing on Friday (Dec 16), DRB-Hicom said to date, it has also not received any notification from Syed Mokhtar that he is conducting a strategic review on the company.

DRB-Hicom says yet to receive buyout proposal from tycoon Syed Mokhtar

SEOUL (Nov 24): Prime Minister Datuk Seri Anwar Ibrahim is scheduled to meet leaders of South Korean conglomerates, or "chaebol", to attract more foreign direct investments to Malaysia.

Malaysian Ambassador to the Republic of Korea Datuk Mohd Zamruni Khalid said a series of meetings wit...

PM will meet South Korea’s conglomerate leaders, attract foreign investment

KOTA BHARU (Nov 24): The Kelantan government is expected to table amendments to the Syariah Criminal Code (I) Enactment 2019 in the state legislative assembly in 2025.

Amendments to Syariah Criminal Code (I) Enactment 2019 in Kelantan expected to be tabled next year

(Nov 24): When Donald Trump first entered the White House in 2017, Cyrus Razzaghi was running an Iranian business consultancy, advising US, Japanese and European companies about how to grab opportunities in a market emerging from years of economic isolation.


That all cha...

Iran braces for Trump reset with economy buckling from sanctions

PUTRAJAYA (Nov 24): Malaysia Airlines confirmed on Sunday that flight MH79, en route from Hong Kong to Kuala Lumpur, was diverted to Ho Chi Minh City Airport, Vietnam, due to a technical issue encountered during cruising.

Malaysia Airlines flight MH79 diverted to Vietnam due to technical issue

(Nov 24): Singaporean Prime Minister Lawrence Wong is set to take charge of the ruling People’s Action Party (PAP), consolidating his leadership ahead of a general election due next year.

Singapore PM set to take over ruling party ahead of election — Bloomberg

(Nov 23): One of Malaysia’s wealthiest states is trying to seize control of the nation’s biggest gas reserves, complicating relations in the ruling coalition and threatening a blow to federal revenues.

Borneo challenge looms as Anwar marks two years as Malaysian PM — Bloomberg

BAKU, Azerbaijan (Nov 23): Countries agreed at the UNs COP29 climate conference to spend US$300 billion on annual climate finance. Here are some ways of understanding what that sum is worth:

COP29: How does US$300b stack up?

GEORGE TOWN (Nov 23): Rackson Group has unveiled a landmark RM1.5 billion gross development value (GDV) project in Bayan Lepas, featuring Le Meridien Penang Airport and Avion serviced apartments.

Rackson Group to transform Bayan Lepas skyline with RM1.5b GDV project

KUALA LUMPUR (Nov 23): National Unity Minister Datuk Aaron Ago Dagang reminded Malaysians that racial unity and cultural diversity must continue to be strengthened by all parties and should not be taken for granted.

Don’t take racial unity and diversity for granted, says Aaron

MANILA (Nov 24): The Philippines' security council will verify an alleged assassination threat by Vice President (VP) Sara Duterte against President Ferdinand Marcos Jr, a top official said on Sunday, describing it as a "matter of national security".

Philippine VP's assassination threat against president a national security matter, official says

<p>(Nov 23):&nbsp;One of Malaysia’s wealthiest states is trying to seize control of the nation’s biggest gas reserves, complicating relations in the ruling coalition and threatening a blow to federal revenues.&nbsp;</p>


<p>(Nov 23):&nbsp;In the waning days of his administration, US President Joe Biden is pushing to strengthen Ukraine’s position against Russia before the return of Donald Trump to the White House.</p>


Biden rushes to bolster Ukraine before Trump takes control

<p>PUTRAJAYA (Nov 24): Malaysia Airlines confirmed on Sunday that flight MH79, en route from Hong Kong to Kuala Lumpur, was diverted to Ho Chi Minh City Airport, Vietnam, due to a technical issue encountered during cruising.</p>


<p>GEORGE TOWN (Nov 23): Rackson Group has unveiled a landmark RM1.5 billion gross development value (GDV) project in Bayan Lepas, featuring Le Meridien Penang Airport and Avion serviced apartments. &nbsp;</p>


<p>KOTA TINGGI (Nov 24): Johor’s proposal to implement a four-and-a-half-day work week&nbsp;hinges on the state government’s rationale, said Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said.</p>


Azalina: Johor’s four-and-a-half-day work week depends on state govt’s rationale

<p>KUALA LUMPUR (Nov 24): William Dalrymple — scholar, detective, master storyteller and acclaimed historian — weaves together the various narratives and legacies of Ancient India in his latest book, The Golden Road, which trumpets the subcontinent’s impact as a primaeval superpower, the effects of which reverberate until today.&nbsp;</p>


His story

<p>(Nov 24):&nbsp;Singaporean&nbsp;Prime Minister Lawrence Wong is set to take charge of the ruling People’s Action Party (PAP), consolidating his leadership ahead of a general election due next year. &nbsp;&nbsp;</p>


<p>MANILA (Nov 24): The Philippines' security council will verify an alleged assassination threat by Vice President (VP) Sara Duterte against President Ferdinand Marcos Jr, a top official said on Sunday, describing it as a "matter of national security".</p>


<p>KUALA LUMPUR (Nov 23): Prime Minister Datuk Seri Anwar Ibrahim reaffirmed the Madani&nbsp;government's commitment to prioritising the welfare of the people across all states, including those led by the opposition, by steadily increasing their allocations.</p>


PM: Allocations for all states raised continuously

<p>SEOUL (Nov 24): Prime Minister Datuk Seri Anwar Ibrahim is scheduled to meet leaders of South Korean conglomerates, or "chaebol", to attract more foreign direct investments to Malaysia.</p>

<p>Malaysian Ambassador to the Republic of Korea Datuk Mohd Zamruni Khalid said a series of meetings wit...

<p>KUALA LUMPUR (Nov 23): The government has called on stakeholders, particularly housing developers, to adopt alternative energy sources&nbsp;such as solar power, and prioritise biodiversity, Deputy Prime Minister Datuk Seri Fadillah Yusof said. &nbsp;</p>


Govt urges stakeholders, housing developers to embrace RE, enhance sustainability efforts, says Fadillah

<p>BAKU, Azerbaijan (Nov 23): Countries agreed at the UNs COP29 climate conference to spend US$300 billion on annual climate finance. Here are some ways of understanding what that sum is worth:</p>


<p>MOSCOW (Nov 23): Russian President Vladimir Putin signed a law on Saturday on debt forgiveness for new army recruits signing up to fight in Ukraine, a Russian government website showed.</p>


Putin signs law forgiving debt arrears for new Russian recruits for Ukraine war

<p>KUALA LUMPUR (Nov 23): National Unity Minister Datuk Aaron Ago Dagang reminded Malaysians that racial unity and cultural diversity must continue to be strengthened by all parties and should not be taken for granted.&nbsp;</p>


<p>(Nov 24):&nbsp;When Donald Trump first entered the White House in 2017, Cyrus Razzaghi was running an Iranian business consultancy, advising US, Japanese and European companies about how to grab opportunities in a market emerging from years of economic isolation.</p>

<article>
<p>That all cha...

<p>KOTA BHARU (Nov 24): The Kelantan government is expected to table amendments to the Syariah Criminal Code (I) Enactment 2019 in the state legislative assembly in 2025.</p>


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