<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 3): Mega First Corp Bhd's executive chairman Goh Nan Kioh has ceased to be a substantial shareholder in Jadi Imaging Holdings Bhd.</p></div>

<div class=newsTextDataWrapInner><p>A filing with Bursa Malaysia today showed that Goh and a few other related parties had disposed of 39 million shares, or a 4.1% stake, in Jadi Imaging held through Mega First between Feb 26 and April 26.</p></div>

<div class=newsTextDataWrapInner><p>After the disposal, Goh holds some 41 million shares, or a 4.3% stake, in Jadi Imaging via Mega First.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Mega First is currently involved in the US$500 million (about RM2.1 billion) Don Sahong hydropower plant project in Laos.</p></div>

<div class=newsTextDataWrapInner><p>Jadi Imaging, which manufactures toners for photocopiers and laser printers, saw its shares closed up 0.5 sen or 5.9% to 9 sen for a market capitalisation of RM84.76 million.</p></div>

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KUALA LUMPUR (June 3): Mega First Corp Bhd's executive chairman Goh Nan Kioh has ceased to be a substantial shareholder in Jadi Imaging Holdings Bhd.

A filing with Bursa Malaysia today showed that Goh and a few other related parties had disposed of 39 million shares, or a 4.1% stake, in...

Goh Nan Kioh ceases to be substantial shareholder in Jadi Imaging

Prime Minister Datuk Seri Anwar Ibrahim has expressed his condolences following the passing of former finance minister Tun Daim Zainuddin, which occurred upon Anwar's arrival in Lima, Peru.

Anwar mourns the passing of Daim Zainuddin

LIMA, Peru (Nov 13): The aircraft carrying Prime Minister Datuk Seri Anwar Ibrahim touched down at 11.15pm local time on Tuesday (Nov 12), marking his official visit to the western South American country.

Anwar arrives in Peru for official visit, Apec leaders week

Malaysia Marine and Heavy Engineering Holdings Bhd (KL:MHB) returned to the black in the third quarter ended Sept 30, 2024 (3QFY2024), as revenue jumped 42% year-on-year, thanks to improved performance of both its heavy engineering and marine segments.

Malaysia Marine and Heavy Engineering returns to the black in 3Q

The Asia-Pacific aviation sector will require 19,500 new aircraft, accounting for 46% of the global requirement, over the next 20 years, according to European aircraft manufacturer Airbus in its latest regional market forecast.

Global demand is expected to reach around 42,430 new aircraft by 2043.

Airbus: Asia-Pacific will need 19,500 new aircraft by 2043

Johor bus company HI Mobility Bhd has filed for an initial public offering on the Main Market to expand its fleet with conventional and electric buses as well as install charging stations.

The company is controlled by Lim Han Weng, who is also the executive chairman of oil producer Yinson Holdings Bhd (KL:YINSON) and substantial shareholder of offshore support vessel firm Icon Offshore Bhd (KL:ICON).

Johor bus company HI Mobility files for Main Market IPO to expand fleet

SHAH ALAM (Nov 13): His Majesty Sultan Ibrahim, King of Malaysia, was proclaimed as the seventh Chancellor of Universiti Teknologi MARA (UiTM) on Wednesday.

King proclaimed as UiTM’s seventh Chancellor

Since its soft launch in March 2023, CDB Arcadia Residences has achieved a 65% take-up rate. The serviced apartment with a gross development value (GDV) of RM245 million is developed by CDB Group Holdings Sdn Bhd through its wholly-owned subsidiary Saujana Permai Development Sdn Bhd.

CD...

CDB Arcadia Residences is 65% taken up

KHAZANAH Nasional Bhd has amassed an estimated RM5.48 billion from the dividend payouts of eight public listed companies (PLCs) and proceeds from stake disposals in three PLCs so far this year.

A back-of-the-envelope calculation shows that the sovereign wealth fund received RM2.8 billio...

Khazanah reaps over RM5 bil from dividends, share sale this year 

Newly minted Attorney General Datuk Mohd Dusuki Mokhtar said he would review the ongoing prosecution of former finance minister Tun Daim Zainuddin following Daim’s sudden death on Wednesday morning.

AG: I will review Daim’s prosecution after getting the death certificate

KUALA LUMPUR (Nov 13): Former prime minister Tun Dr Mahathir Mohamad expressed his deep sadness following the death of his close friend, Tun Daim Zainuddin, who passed away on Wednesday morning.

Tun Mahathir mourns Daim Zainuddin

<p>Former finance minister&nbsp;Tun Daim Zainuddin, credited for steering Malaysia through two recessions and influencing the country's politics, has passed away at the age of 86.</p>

<p>One of his lawyers, Datuk Dr Gurdial Singh Nijar, confirmed the matter when contacted by<em> The Edge.</em></p>


Former finance minister Daim passes away

<p>Tan Sri Wan Zaki Wan Muda, the founder of Ahmad Zaki Sdn Bhd (AZSB) and group adviser to Ahmad Zaki Resources Bhd (KL:AZRB), passed away on Tuesday evening&nbsp;at the age of 75.</p>


Ahmad Zaki founder Wan Zaki passes on

<p>Shares of Life Water Bhd (KL:LWSABAH) surged 18% in their trading debut on Wednesday, after the beverage manufacturer’s initial public offering (IPO) raised over RM82 million on the back of strong investor demand.</p>


Life Water surges 18% on Main Market debut

<p>Billionaire Elon Musk and entrepreneur Vivek Ramaswamy will lead a new Department of Government Efficiency tasked to “dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure federal agencies”, US President-elect Donald Trump announced on Tuesday.</p>


Trump picks Musk, entrepreneur Ramaswamy for govt efficiency effort

<p>KUALA LUMPUR (Nov 13): Lawyers for MyAirline co-founder Datuk Allan Goh Hwan Hua and three other companies, who are defendants in a suit filed two years ago by 15 investors who are suing Goh and the three companies for RM8 million, told the High Court on Wednesday that the defendants have no case to answer for in deciding not to call any witnesses for the defence.</p>


MyAirline co-founder and three companies say they have no case to answer for in RM8m investors’ suit

<p>KUALA LUMPUR (Nov 13): BIMB Securities has downgraded Hartalega Holdings Bhd (KL:HARTA) to a “sell” call, from a “hold”, after a share price rally.</p>


BIMB Securities downgrades Hartalega to ‘sell’ after price rally

<p>BOSTON (Nov 12): The US Senate's Democratic majority began a crusade on Tuesday to confirm as many new federal judges nominated by President&nbsp;Joe Biden&nbsp;as possible, to avoid leaving vacancies that Republican&nbsp;Donald Trump&nbsp;could fill after taking office on Jan&nbsp;20, 2025.</p>


US Senate Democrats rush to confirm judges nominated by Biden before Trump takes office

<p>KUALA LUMPUR (Nov 13): Former prime minister Tun Dr Mahathir Mohamad expressed his deep sadness following the death of his close friend, Tun Daim Zainuddin, who passed away on Wednesday morning.</p>


<p>The ringgit was the major loser on Wednesday among broadly muted emerging Asian peers, as Malaysia's third-quarter economic growth appeared set to have lost pace, reflecting a fall in mining output.</p>


Ringgit at three-month low as GDP growth forecast to slow; forex tepid

<p>Nissan Motor Co’s rapid decline has drawn the attention of one of the most influential activist investors in Japan, adding a fresh dose of uncertainty to the automaker’s turnaround plans.</p>


Nissan enters new era of turmoil as Effissimo takes stake

<p>Transport Minister Anthony Loke announced on Wednesday that the Cabinet has approved a RM442.3 million upgrade for Kota Kinabalu International Airport (KKIA).</p>


Cabinet approves RM442m upgrade for Kota Kinabalu International Airport

<p>KUALA LUMPUR (Nov 13): Hartanah Kenyalang Bhd, a Sarawak-based construction services firm, has filed for an initial public offering (IPO) on the ACE Market of Bursa Malaysia to raise funds for expansion and to finance existing operations.</p>


Sarawak builder Hartanah Kenyalang files for ACE Market IPO

<p>Newly minted Attorney General Datuk Mohd Dusuki Mokhtar said he would review the ongoing prosecution of former finance minister Tun Daim Zainuddin following Daim’s sudden death on Wednesday morning.</p>


<p>A breakneck rally in stocks ran out of steam, with&nbsp;Treasury yields&nbsp;soaring and the dollar hitting the highest level in two years ahead of a key inflation report.</p>

<p>Equities edged lower after the S&amp;P 500’s biggest five-day run in a year. Following sizeable post-election gains, small caps and banks lost ground. Tesla Inc&nbsp;dropped after an almost 45% surge.&nbsp;</p>


S&P 500 rally hits a wall as treasury yields spike

<p>Seven &amp; i Holdings Co&nbsp;is considering a management buyout to take itself private with funding from banks, Itochu Corp, and the founding Ito family in a transaction that could be worth ¥9 trillion (US$58 billion or RM258.63 billion), people with knowledge of the matter said.</p>


Seven & I mulling US$58b management buyout, Bloomberg reports

<p>After a rapid cooling in Chinese tech stocks on cloudy domestic macro prospects and rising geopolitical risk, investors are looking to major earnings reports due this week for a second wind.</p>


Chinese tech stocks need earnings boost amid Trump, macro threats

<p>Asian stocks fell to the lowest level in almost two months on Wednesday, before US inflation data that may further sap confidence in the pace of Federal Reserve (Fed) interest-rate cuts.&nbsp;</p>


Asian stocks drop to two-month low before US CPI

<p>Public-listed companies (PLCs) showed progress in the adoption of the Malaysian Code on Corporate Governance (MCGG), according to the Securities Commission Malaysia’s Corporate Governance Monitor (CG Monitor) 2024, which was published last Monday. However, the report highlighted three critical areas in need of improvement. The CG Monitor pointed to (i) the need to refresh board composition; (ii) enhancing shareholder participation through physical or hybrid annual general meetings (AGMs); and &nbsp;(iii) a deeper integration of sustainability governance practices.</p>


SC CG Monitor: 3 critical areas of improvement needed for PLCs

<p>Malaysia Marine and Heavy Engineering Holdings Bhd (KL:MHB) returned to the black in the third quarter ended Sept 30, 2024 (3QFY2024), as revenue jumped 42% year-on-year, thanks to improved performance of both its heavy engineering and marine segments.</p>


<p>LIMA, Peru (Nov 13): The aircraft carrying Prime Minister Datuk Seri Anwar Ibrahim touched down at 11.15pm&nbsp;local time on Tuesday (Nov 12), marking his official visit to the western South American country.</p>
