<div class=newsTextDataWrapInner><p>SINGAPORE (June 17): Door manufacturer KLW Holdings says CEO and controlling shareholder Quek Chek Lan entered into an agreement on Wednesday to divest his entire holdings of 1.04 billion KLW shares, representing a 19.41% stake in the company, to Sunny Wealth.</p></div>

<div class=newsTextDataWrapInner><p>Quek was appointed CEO last October in the wake of a boardroom tussle.</p></div>

<div class=newsTextDataWrapInner><p>Sunny Wealth is incorporated in British Virgin Islands and Wong Ben Koon is the sole shareholder of the company.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The divestment is expected to be completed on or before June 17.</p></div>

<div class=newsTextDataWrapInner><p>Following the completion of the divestment, Quek will cease to be a shareholder of the company and Sunny Wealth will become a new substantial shareholder owning shares representing a 19.41% stake in the company.</p></div>

<div class=newsTextDataWrapInner><p>At 11.05am, shares of KLW are up 14.3% at 0.8 cent.</p></div>


SINGAPORE (June 17): Door manufacturer KLW Holdings says CEO and controlling shareholder Quek Chek Lan entered into an agreement on Wednesday to divest his entire holdings of 1.04 billion KLW shares, representing a 19.41% stake in the company, to Sunny Wealth.

Quek was appointed CEO las...

KLW CEO Quek divest entire stake in company to Sunny Wealth

KUALA LUMPUR (Nov 25): Chemical management and storage company TMK Chemical Bhd has unveiled the prospectus for its Main Market initial public offering (IPO) to raise some RM385 million, as part of its plan for the expansion of its plant, construction of new facilities and acquisition.

...

TMK Chemical unveils prospectus for RM385 mil IPO, priced at RM1.75 apiece

Ambulatory eyecare centre TopVision Eye Specialist Bhd (KL:TOPVISN) aims to raise RM17.89 million with its initial public offering (IPO) at 33 sen per share, in conjunction with its transfer from the LEAP Market to the ACE Market of Bursa Malaysia.

TopVision Eye Specialist sets IPO price at 33 sen to raise RM17.9m in conjunction with ACE Market transfer

The issues with Bestinet Sdn Bhd and the Foreign Worker Centralised Management System (FWCMS) seem to be never ending. Last week, according to a report by the Public Accounts Committee (PAC), the extended six-year contract spanning June 1, 2024, to Jan 31, 2031, inked between the government and Bestinet for the FWCMS could set the government back by a minimum of RM3.2 billion.

Frankly Speaking: Get to the bottom of things

IJM Corporation Bhd (KL:IJM) may acquire a 50% stake in financially troubled UK-based construction firm JRL Group, according to multiple news reports.

IJM Corp may acquire 50% stake in troubled UK construction firm JRL

Malaysia must strengthen its collaboration with other countries to mitigate the risks posed by a fragmented global supply chain, especially amid escalating US-China trade tensions, following Donald Trump’s return to the US presidency, Deputy Investment, Trade and Industry Minister Liew Chin Tong said on Monday.

Miti: Malaysia to work with middle powers to address bifurcation of supply chain amid US-China trade war

The submission of the Real Property Gains Tax (RPGT) Form electronically via e-CKHT on the MyTax portal will be mandatory starting Jan 1, 2025.

Submission of real property gains tax form must be made via e-CKHT on MyTax portal from January 2025 — IRB

So, you can’t wait to take vacant possession of your new home. If this is your first home purchase and your investment has been greatly influenced by the developer’s elaborately dressed show unit, brace yourself for the stark reality of owning a bare unit.

The Real Deal: Urgent need for home building standards

GSPARX commends developers' green efforts

The Home Ministry (KDN) respects the High Court's decision on Monday which ordered the return of 172 'Pride collection' watches seized last year to the watch importer and seller, The Swatch Group (Malaysia) Sdn Bhd.

Home Ministry respects court's decision to return 172 'Pride collection' watches

The Indonesian sister company of Mr DIY Group (M) Bhd will list shares in Jakarta through an initial public offering (IPO) that seeks to raise as much as 4.7 trillion rupiah (US$297 million or RM1.32 billion), in what would be the nation’s biggest listing in more than a year.

Mr DIY's Indonesian business plans IPO to raise up to US$297 mil

<p>Malaysia’s third-quarter results season has been ‘disappointing’ so far, said CIMB Securities, warning of downside risks to its earnings forecasts for stocks on the benchmark index.</p>


Malaysia's 3Q earnings 'disappointing' so far as forex losses weigh, CIMB says

<p>The High Court on Monday has quashed the seizure of Swatch's rainbow-themed ‘Pride collection’ watches, holding that the May 2023 move was made before confiscation notices were issued and without any warrant.</p>


High Court quashes Swatch seizure by Home Ministry

<p>Asian stocks rallied with US equity futures on Monday, while the dollar retreated against rivals as bond yields slid following the selection of fund manager Scott Bessent as the next US Treasury secretary, with investors expecting he will be a voice for markets in Washington.</p>


Stocks bounce, dollar slides with bond yields on Bessent pick

<p>The High Court on Monday dismissed former prime minister Datuk Seri Najib Razak's application to "permanently stay" the criminal trial regarding International Petroleum Investment Co (IPIC).</p>


Court rejects Najib's application for permanent stay in IPIC trial

<p>Local institutions were the primary supporters of Bursa Malaysia for the fifth consecutive week, recording a net inflow of RM250.6 million last week, up from RM207.7 million in the previous week.</p>

<p>In its fund flow report for the week ending Nov 22, MIDF Amanah Investment Bank Bhd (MIDF) noted that while there was a net outflow of RM19.6 million from local institutions on Tuesday, the inflows on other days of the week more than offset this decline.</p>


Bursa boosted by RM250.6 mil investments from local institutions last week

<p>Sarawak is set to finalise the sale and purchase agreement for MASwings, a subsidiary regional airline of Malaysia Aviation Group (MAG), by next month, said Premier Tan Sri Abang Johari Tun Openg.</p>


Sarawak set to finalise MASwings acquisition by next month, says Abang Johari

<p>The Indonesian sister company of Mr DIY Group (M) Bhd will list shares in Jakarta through an initial public offering (IPO) that seeks to raise as much as 4.7 trillion rupiah (US$297 million or RM1.32 billion), in what would be the nation’s biggest listing in more than a year.</p>


<p>The global frenzy in AI has turned an obscure Japanese company into a stock-market star.</p>

<p>Fujikura Ltd, which makes wire cabling for data centres, is the best performer on the Nikkei 225 Stock Average index, with its shares surging more than 400% this year.</p>


AI boom makes 139-year-old cable company Japan’s hottest stock

<p>The US is using Taiwan to provoke a serious crisis in Asia, Russian Deputy Foreign Minister Andrei Rudenko told <em>TASS</em> news agency in remarks published on Sunday, reiterating Moscow's backing of China's stance on Taiwan.</p>


Russia says US using Taiwan to stir crisis in Asia

<p>The need for legislation on the dissemination of fake information, inefficiencies in the Radio Frequency Identification (RFID) system, and the standardisation of toll payments are among the issues set to be discussed in the Dewan Rakyat on Monday.</p>


Law on fake info, RFID inefficiencies among focus of Dewan Rakyat on Monday

<p>CGS International expects Affin Bank Bhd (KL:AFFIN) net profit for 4Q FY24 to come in lower on a quarterly basis, as it does not expect the bank to see a high write-back in loan loss provision (LLP).</p>

<p>In a note on Monday, the house projected a net profit of RM95.7 million for Affin Bank in 4Q24, representing a 34.4% quarter-on-quarter decline.</p>


Affin's 4Q earnings to decline q-o-q on absence of high loan loss provision write-back — CGS

<p>Economists expect Chinese exports to reach a historical high this year as customers rush to front-load orders given President-elect Donald Trump’s threat of higher tariffs when he takes office in January.</p>


Chinese exports to hit record this year before second Trump term

<p>Sarawak Plantation Bhd (KL:SWKPLNT) is expected to see strong performance in the fourth quarter of 2024 on the back of rising crude palm oil (CPO) prices and operational improvements, said analysts.</p>

<p>According to Public Investment Bank (PublicInvest), Sarawak Plantation registered 9MFY24 core earnings of RM47.3 million, making up only 60% and 68% of its and consensus' full-year expectations, respectively.</p>


Sarawak Plantation set for strong 4Q on rising CPO prices — analysts

<p>A US agency that agreed to lend more than US$500 million (RM2.46 billion) to an Adani Group-backed port development in Sri Lanka said it’s still conducting due diligence on the project, following bribery allegations against the conglomerate’s billionaire founder and other top executives.</p>


US development agency conducting due diligence on Adani’s Sri Lanka project

<p>The submission of the Real Property Gains Tax (RPGT) Form electronically via e-CKHT on the MyTax portal will be mandatory starting Jan 1, 2025.</p>


<p>Brazilian meatpackers have reportedly stopped supplying meat to the Carrefour group in Brazil after the retailer's global CEO vowed to keep South American meat off its shelves in France in solidarity with French farmers, according to local media reports that cited anonymous industry sources.</p>


Brazilian meat suppliers stop deliveries to local Carrefour retailers, media say

<p>IJM Corporation Bhd (KL:IJM) may acquire a 50% stake in financially troubled UK-based construction firm JRL Group, according to multiple news reports.</p>


<p>The sharp rebuke that the Gambling Regulatory Authority (GRA) of Singapore delivered to Resorts World Sentosa Pte Ltd (RWS) for an “unsatisfactory performance” in relation to its integrated resort (IR) comes as a surprise, considering that RWS has committed to investing billions in its facility there.</p>


Frankly Speaking: Genting’s challenge in Singapore involves more than gaming

<p>LONDON (Nov 25): British workplaces rank among the worst in Europe for long hours, tight deadlines and limited autonomy, without being any more productive, according to a report prepared as the new Labour government plans tougher rules for employers.</p>

<p>Three fifths of the workforce report...

UK workers face some of Europe's greatest job stress, report says

<p>The World Bank Group on Monday named Judith Green as its country manager for Malaysia, a new position representing the multilateral institution’s various entities.</p>
