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<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 30): Enfrasys Consulting Sdn Bhd has emerged as the second largest shareholder of Transocean Holdings Bhd after acquiring a 30.72% stake&nbsp; in the logistics group on Sept 28.</p></div>

<div class=newsTextDataWrapInner><p>The largest shareholder of Transocean is Kumpulan Kenderaan Malaysia Bhd, which held a direct interest of 6.91% and an indirect interest of 25.72% as at Sept 13.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Transocean notified Bursa Malaysia of Enfrasys Consulting’s emergence as a substantial shareholder in a filing on Thursday.</p></div>

<div class=newsTextDataWrapInner><p>According to the filing, the 20 million&nbsp;shares representing the 30.72% stake in Transocean were “consideration shares on disposal of 40% equity interest in Enfrasys Solutions Sdn Bhd to Transocean”.</p></div>

<div class=newsTextDataWrapInner><p>Transocean had bought a 40% stake in Enfrasys Solutions from Enfrasys Consulting for RM20 million in April with the purchase consideration to be settled via the issue of new shares.</p></div>

<div class=newsTextDataWrapInner><p>Transocean shares were traded between RM3.86 and RM4.16 on Sept 28.</p></div>

<div class=newsTextDataWrapInner><p>On Thursday, Transocean shares closed down four sen or 1.09% at RM3.64, giving the group a market capitalisation of RM237 million.</p></div>


Enfrasys Consulting Sdn Bhd has emerged as the second largest shareholder of Transocean Holdings Bhd after acquiring a 30.72% stake  in the logistics group on Sept 28.

The largest shareholder of Transocean is Kumpulan Kenderaan Malaysia Bhd, which held a direct interest of 6.91% and an indirect interest of 25.72% as at Sept 13.

Enfrasys Consulting emerges as second largest shareholder in Transocean

Israeli foreign minister Gideon Saar met Dutch Justice Minister David van Weel and far-right leader Geert Wilders in Amsterdam on Friday afternoon to discuss the assaults on Israeli soccer supporters in the city.

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The S&P 500 and the Dow edged higher on Friday, putting them on course for their best week this year, as a sweeping Trump victory powered bets of a business-friendly agenda and an expected interest-rate cut eased pressure on the US economy.

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European Union (EU) leaders are trying to work out whether they can keep the Ukrainian war effort going if Donald Trump decides to shut off support from the US.

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US consumer sentiment climbed to a seven-month high in early November, boosted by Americans’ optimism about the future of the economy and their finances.

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Irish Prime Minister Simon Harris on Friday announced the formal start of the country's general election campaign, hoping to retain his coalition's lead in polls and to capitalise on a slide in support for the opposition Sinn Fein.

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A brief recap of some business news and corporate announcements that made the headlines on Friday.

Maxis, 99 Speed Mart, Carlsberg Malaysia, Westports, PIE Industrial, Duopharma, Milux, Steel Hawk, Petra Energy, Fajarbaru, JF Technology, Sarawak Cable, REDtone, HeiTech Padu, Cypark

<p>Renewable energy producer Cypark Resources Bhd (KL:CYPARK) announced on Friday that its chief financial officer (CFO) Vinie Chong Pui Ling has resigned, just three months after her appointment on Aug 15.</p>


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<p>99 Speed Mart Retail Holdings Bhd’s (KL:99SMART) net profit dipped 3.5% to RM107.16 million in the third quarter ended Sept 30, 2024 (3QFY2024) from RM111.06 million a year ago, dragged by higher administrative and other operating spending. This included one-off special staff bonuses and initial public offering (IPO) listing expenses totalling RM23.2 million.</p>

<p>Excluding the one-off expenses, 99 Speed Mart said in a statement its normalised net profit increased 13.2% to RM126 million in 3QFY2024 from RM111.27 million in 3QFY2023.</p>


99 Speed Mart posts RM107.16m 3Q profit, down 3.5% on-year due to one-off expenses

<p>Home appliance distributor Milux Corp Bhd (KL:MILUX) received an unconditional mandatory takeover offer on Friday from ABS Capital Sdn Bhd to acquire all the remaining shares it does not own, at 43.2 sen per share.</p>


Company linked to Exsim's Lim brothers buys 63.88% stake in Milux, triggering mandatory takeover at 43.2 sen per share

<p>China gave indebted local governments a 10 trillion yuan &nbsp;(US$1.4 trillion or RM6.12 trillion) &nbsp;lifeline but stopped short of unleashing new stimulus, preserving room to respond to a potential trade war when Donald Trump takes office next year.</p>


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<p>A brief recap of some business news and corporate announcements that made the headlines on Friday.</p>


<p>Vanzo Holdings Bhd has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for its ACE Market listing.</p>


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<p>Crude palm oil (CPO) futures on Bursa Malaysia Derivatives hit a two-year high, as prices rallied to above RM5,000 per tonne, a trader said.</p>

<p>Palm oil trader David Ng said the market outlook remains positive with Indonesia implementing a higher biodiesel mandate next year which will boost demand for palm oil.</p>


CPO futures at two-year high, prices rally above RM5,000 per tonne

<p>REDtone Digital Bhd (KL:REDTONE) said on Friday that it has ceased to be a substantial shareholder of HeiTech Padu Bhd (KL:HTPADU) after disposing of a 1.01% stake in the open market.</p>


REDtone ceases to be substantial shareholder in HeiTech Padu

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