<div class=newsTextDataWrapInner><p>SINGAPORE (July 31): IHH Healthcare, through its indirect wholly-owned subsidiary Parkway Pantai, has subscribed for a 55% equity interest in Angsana Holding for a total consideration of S$9.3 million.</p></div>

<div class=newsTextDataWrapInner><p>Following the transaction, Angsana and its subsidiaries have been consolidated as indirect subsidiaries of IHH.</p></div>

<div class=newsTextDataWrapInner><p>The group – comprising three subsidiaries in Singapore, Malaysia, and Hong Kong – provides... <a href="https://www.theedgesingapore.com/ihh-healthcare-buys-55-stake-molecular-diagnostic-test-services-group-93-mil">(Click here to read the full story.)</a></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>


SINGAPORE (July 31): IHH Healthcare, through its indirect wholly-owned subsidiary Parkway Pantai, has subscribed for a 55% equity interest in Angsana Holding for a total consideration of S$9.3 million.

Following the transaction, Angsana and its subsidiaries have been consolidated as ind...

IHH Healthcare buys 55% stake in molecular diagnostic test services group for S$9.3m

LONDON (Dec 4): Carlsberg will sell its Russian assets to two longstanding employees of Baltika Breweries, the Danish brewer said on Tuesday, after a government document seen by Reuters showed Moscow had approved the 34-billion-rouble ($320.75 million) deal.

Moscow seized control of Car...

Russia approves $320 million management buyout of Carlsberg assets, document shows

KUALA LUMPUR (Dec 4): Preparations for the 2027 South East Asian (SEA) Games and upgrading of the Malaysia-Indonesia border in Sarawak are the topics set to be brought up at the Dewan Rakyat on Wednesday.

Organising of 2027 Sea Games, upgrading Malaysia-Indonesia border topics in focus at Wednesday’s Dewan Rakyat sitting

Shares of JF Technology Bhd (KL:JFTECH) rose as much as 12 sen or 22.64% from their four-year lows, on news that the company will begin US sales from January 2025 by leveraging the distribution network of US-based Ironwood Electronics.

JF Tech shares break out from four-year lows on US sales prospects

The US debt ceiling is once again emerging as the Federal Reserve (Fed) continues to unwind its balance sheet, putting the central bank in a tough spot — only this time it’s trickier.

The debt limit will be reinstated on Jan 2, prompting the Treasury Department to deploy a series of extraordinary measures that include spending down its cash pile and reducing the amount of T-bills it issues to preserve its borrowing capacity.

US debt ceiling to over complicate Fed’s balance-sheet runoff

Donald Trump’s lawyers told a judge that his New York hush money conviction must be dismissed as a result of his election victory, arguing that the president-elect was unfairly targeted by prosecutors.

Trump cites Biden pardon to get NY hush-money case tossed

KUALA LUMPUR (Dec 4): Tan Sri Halim Saad has been cleared by the Malaysian Anti-Corruption Commission (MACC) in a probe concerning a RM2.3 billion embezzlement case from 26 years ago, FMT reported on Wednesday.

Halim Saad cleared by MACC in embezzlement probe — report

KUALA LUMPUR (Dec 4): Garment manufacturer Magni-Tech Industries Bhd’s (KL:MAGNI) shares jumped in early trade on Thursday, after its second quarterly results came largely within analysts’ expectations.

Magni-Tech shares jump in early trade on special dividends after 2Q came within expectations

A slew of automotive companies across Europe have announced plant closures and big layoffs recently as they struggle with weak demand, high costs, competition from China and a slower-than-expected transition to electric vehicles.

Europe's embattled auto sector plans plant closures and layoffs

(Dec 3): Donald Trump Jr is joining the board of PSQ Holdings Inc, the owner of online marketplace PublicSquare, according to people with knowledge of the matter. The company’s shares more than doubled in New York trading.

Donald Trump Jr to join board of ‘patriotic’ marketplace PublicSquare — Bloomberg

MORNING CALL: 4/12/24

<p>The founding couple of FashionValet Sdn Bhd (FashionValet), who have been linked to the investment losses of Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB), will be charged at the Kuala Lumpur Sessions Court on Thursday.</p>


FashionValet founders to be charged on Thursday, says MACC chief

<p>Here is a brief recap of the business news and corporate announcements that made the headlines on Tuesday.</p>


Binastra Corp, Mah Sing, T7 Global, JF Technology, VS Industry, Solarvest Holdings, Magni-Tech Industries

<p>South Korean President Yoon Suk Yeol said he will rescind his martial law decree, giving in to Parliament’s opposition just hours after his dramatic move imposing it that shook markets and surprised other world leaders.</p>

<p>Yoon said in a televised address early on Wednesday that he will “accept the National Assembly’s demand and lift the martial law through a Cabinet meeting.” The Cabinet has approved nullifying the order, according to<em> Yonhap</em>.&nbsp;</p>


South Korea’s Yoon ends martial law after political gamble

<p>Investment company Abrdn plc, formerly known as Aberdeen Asset Management plc, has emerged as a substantial shareholder in Feytech Holdings Bhd (KL:FEYTECH), after raising its stake to 5.21% or 43.91 million shares.</p>


Abrdn emerges as substantial shareholder in Feytech

<p>South Korean President Yoon Suk Yeol’s surprise decision to impose martial law in South Korea for the first time in more than 40 years — and then just as swiftly reverse course — sparked whiplash in the country’s foreign-traded assets and caught global markets off guard, at one point sending US Treasury yields lower as traders sought a haven from potential instability.&nbsp;</p>


South Korea’s whirlwind stint in martial law jolts markets

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<p class="thumb-cap">E...

EVENING 5: Five things you need to know today

<p>In October, the government announced incentives to jump-start the special economic zone in Forest City. One particular announcement that caught attention was the zero tax rate for family offices, a term rarely heard of in Malaysia as the regulatory framework for such firms did not exist. Essentially, family offices handle investment and wealth management for wealthy families.</p>


Rise of the family office

<p>Cloudpoint Technology Bhd (KL:CLOUDPT) said it has secured a RM33.6 million contract to implement advanced integrated service management automation (ISMA) solutions from a local bank.</p>


Cloudpoint Technology bags management automation solutions contract from local bank

<p>Stocks in Asia are set for a mixed open after South Korean President Yoon Suk Yeol’s shock decision to impose martial law for the first time in more than 40 years, only to reverse course hours later, caught global markets off guard.&nbsp;</p>

<p>Equities opened lower in Sydney, while futures pointed to a gain in Tokyo and a decline in Hong Kong. S&amp;P 500 contracts were steady after the index closed little changed</p>


South Korea chaos sets cautious tone for Asia open

<p>KUALA LUMPUR (Dec 4): Tan Sri Halim Saad has been cleared by the Malaysian Anti-Corruption Commission (MACC) in a probe concerning a RM2.3 billion embezzlement case from 26 years ago, FMT reported on Wednesday.</p>


<p>Financially distressed MMAG Holdings Bhd (KL:MMAG) has taken a step forward in its recovery efforts by securing a partnership with Malaysia Airlines Bhd.</p>


MMAG signs deal to serve as MASKargo's exclusive freighter operator

<p>Wall Street's main indexes were subdued in choppy trading on Tuesday after the S&amp;P 500 and the Nasdaq notched record high levels in the last session, with focus on a crucial jobs report later this week along with more data and commentary from Federal Reserve officials.</p>


Wall Street muted with focus on more data, US Fed commentary

<p>KUALA LUMPUR (Dec 4): Garment manufacturer Magni-Tech Industries Bhd’s (KL:MAGNI) shares jumped in early trade on Thursday, after its second quarterly results came largely within analysts’ expectations.</p>


<p>A rally that drove stocks to a series of all-time highs showed signs of exhaustion, with investors awaiting this week’s key jobs report and Jerome Powell’s remarks for clues on whether Federal Reserve (Fed) officials will cut interest rates in December.</p>

<p>Equities struggled to make much headway, following an over US$11 trillion (RM49.14 trillion) surge in the US equity benchmark this year that sent the gauge near overbought levels. With a negligible gain on Tuesday, the index notched its 55th record in 2024. Positioning in S&amp;P 500 futures is&nbsp;“completely one-sided”, according to Citigroup Inc’s Chris Montagu.</p>


S&P 500 ekes out gain to notch 55th record in 2024

<p>Despite widespread concern that generative AI could interfere with major elections around the globe this year, the technology had limited impact across Meta Platforms' apps, the tech company said on Tuesday.</p>


Meta says gen AI had muted impact on global elections this year

<p>US job openings increased moderately in October while layoffs declined, suggesting the labour market continued to slow in an orderly fashion.</p>


US job openings rise in October, layoffs decrease

<p>The world's debt stock surged by over US$12 trillion (RM53.6 trillion) in the first three quarters of 2024 to a fresh record of nearly US$323 trillion, thanks to falling borrowing costs and rising risk appetite, a report by a banking trade group showed on Tuesday.</p>


Global debt surges past US$320 tril as risk appetite returns — IIF 

<p>Shares of JF Technology Bhd (KL:JFTECH) rose as much as 12 sen or 22.64% from their four-year lows, on news that the company will begin US sales from January 2025 by leveraging the distribution network of US-based Ironwood Electronics.</p>


<p>A slew of automotive companies across Europe have announced plant closures and big layoffs recently as they struggle with weak demand, high costs, competition from China and a slower-than-expected transition to electric vehicles.</p>


<p>Singapore and Australia agreed on Tuesday to seek opportunities for increased access to their respective defence facilities, including more frequent Australian visits to the city-state's air force and navy bases.</p>
