<div class=newsTextDataWrapInner>SINGAPORE (July 17): Koufu Group, one of the largest operators of food courts and coffee shops in Singapore, says the public offering was about 17 times subscribed.</div>

<div class=newsTextDataWrapInner>This came after valid applications for 107.7 million public offer shares were received for the 6.3 million shares on public offer share were received at the close of the offer at 12 noon on Monday.</div>

<div class=newsTextDataWrapInner>Koufu is selling up to 97 million shares at S$0.63 each, in conjunction with its proposed listing on the Mainboard of the Singapore Exchange... <a href="https://www.theedgesingapore.com/koufu-says-public-offering-17-times-subscribed" target="_blank">(Click here to read the full story)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (July 17): Koufu Group, one of the largest operators of food courts and coffee shops in Singapore, says the public offering was about 17 times subscribed.

This came after valid applications for 107.7 million public offer shares were received for the 6.3 million shares on publi...

Koufu says public offering 17 times subscribed

KUALA LUMPUR (Dec 12): Sunway City Iskandar Puteri (SCIP), an ongoing 2,000-acre development in Johor by the property development division of Sunway Bhd (KL:SUNWAY) — Sunway Property, has joined forces with SWM Environment Sdn Bhd to offer the first cloud-based data system to streamline the township’s recycling and sustainability efforts.

Sunway City Iskandar Puteri partners SWM Environment for first cloud-based sustainable waste management system in Johor

Astro Malaysia Holdings Bhd (KL:ASTRO) is still not out of the woods as weak revenue clouds its outlook, analysts said on Thursday while the pay-television operator’s stock hovered near record lows.

Astro's outlook shrouded by weak revenue, tax case as shares hover near record lows

Gamuda Land, the property division of Gamuda Bhd (KL:GAMUDA), announced that Eaton Park, its latest mixed-use development located at Thu Duc City, Ho Chi Minh City (HCMC) in Vietnam, has surpassed a gross development value (GDV) and total sales of more than RM2 billion in eight months since its maiden launch in May.

Gamuda Land’s Eaton Park in Vietnam achieves RM2 bil GDV in eight months

168 Park Selayang Sdn Bhd, a subsidiary of Infra Segi Sdn Bhd, on Thursday announced the soft opening of 168 Park Mall, the retail component of the formerly abandoned mixed-use development located in Selayang, Selangor.

168 Park Mall in Selayang soft opens

The two princes who allegedly made "donations" to Datuk Seri Najib Razak's personal accounts were grandsons of the late King Abdullah of Saudi Arabia, the court heard on Thursday.

Saudi princes who made transactions to Najib's accounts were late Saudi monarch's grandsons, court told

A Temasek Holdings Pte Ltd firm’s stake sale agreement values U Mobile Sdn Bhd at about RM7.5 billion (US$1.7 billion), according to people familiar with the matter, after the Malaysian phone company won a major 5G contract.

Temasek firm’s deal values U Mobile at US$1.7 bil

KUALA LUMPUR (Dec 12): Discussions on gas distribution in Sarawak between Petroliam Nasional Bhd (Petronas) and Petroleum Sarawak Bhd (Petros) have been settled, and the government is currently fine-tuning the details, parameters and implications of the move.

PM: Gas distribution between Petronas and Petros settled, govt fine-tuning details

Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi remains acquitted in the foreign visa pass graft case.

Deputy public prosecutor (DPP) Datuk Yusaini Amer Abdul Karim informed a three-member bench, led by Datuk Che Mohd Ruzima Ghazali at the Court of Appeal, of the decision by the prosecution and attorney general to withdraw their appeal over a decision in 2022 to acquit Zahid.

Zahid stays acquitted in foreign visa pass graft case as prosecution drops appeal

The US stock market welcomed Donald Trump's victory in the 2024 presidential election, but turbulence may lie ahead if the president-elect makes good on his tariff threats.

Stocks cheered Trump's victory, but tariffs bring unknowns to 2025

Party City Holdco Inc is considering options including a sale or another potential bankruptcy, just over a year after it emerged from Chapter 11, according to people with knowledge of the matter.

Party City mulls second bankruptcy in two years as sales lag

Surging coffee bean prices arising from a global shortage is impacting companies across the industry, including Power Root Bhd (KL:PWROOT), which has been diversifying its supplier base and raw materials, and is now looking at planting some of the coffee beans it needs, to mitigate the price pressures.

Power Root plans to plant own coffee beans amid surging prices

Shares of TMK Chemical Bhd (KL:TMK) rose 13% in their trading debut on Thursday, after the company's initial public offering (IPO) raised RM385 million on the back of strong investor&nbsp;demand.

TMK Chemical rises 13% in trading debut after RM385m Main Market IPO

Elon Musk, whose wealth has been turbocharged since US President-elect Donald Trump’s win last month, became the first person to reach US$400 billion (RM1.77 trillion) in net worth, the latest milestone for the world’s richest individual.

Musk’s net worth tops US$400b, a historic first

Former prime minister Tun Dr Mahathir Mohamad made the decision to drop Malaysia's challenge over Batu Puteh unilaterally, three of his former Cabinet members said on Thursday.

Dr M decided to drop Batu Puteh challenge unilaterally, his former Cabinet members say

Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi remains acquitted in the foreign visa pass graft case.

Deputy public prosecutor (DPP) Datuk Yusaini Amer Abdul Karim informed a three-member bench, led by Datuk Che Mohd Ruzima Ghazali at the Court of Appeal, of the decision by the prosecution and attorney general to withdraw their appeal over a decision&nbsp;in 2022 to acquit Zahid.

Asian stocks gained on Thursday, tracking Wall Street's tech-led rally overnight, after an as-expected reading of US&nbsp;consumer&nbsp;inflation&nbsp;cemented bets for a Federal Reserve (Fed) interest-rate cut next week.

Asian stocks rally on Fed cut bets; Aussie jumps on jobs data

WASHINGTON (Dec 11): US&nbsp;President-elect Donald Trump has invited Chinese President Xi Jinping to attend his inauguration next month, CBS News reported on Wednesday, citing multiple sources.

The invitation to the Jan&nbsp;20 inauguration in Washington occurred in early Nove...

Trump invites China’s Xi to attend inauguration, CBS News reports

Malaysians under the age of 55 have withdrawn a total of RM11.6 billion from Account 3, also known as the Flexible Account,&nbsp;following the Employees Provident Fund (EPF) account restructuring in May.

EPF members withdrawn RM11.6b from Account 3 as of Nov 27, says Amir Hamzah

Investors’ enthusiasm for US technology giants sent stocks higher on Wednesday, snapping a two-day slide after a benign inflation report cemented expectations that the Federal Reserve (Fed) will keep cutting interest rates. Treasuries ended the day lower.

Wall Street sends Big Tech to fresh highs post-CPI

The Ministry of Plantation and Commodities is confident&nbsp;the increase in import tax implemented by India on the price of Malaysian palm oil is temporary.

Impact of increase in palm oil import tax by India is temporary, Dewan Rakyat told

KUALA LUMPUR (Dec 12): Malaysia&nbsp;launched on Thursday a national artificial intelligence (AI) office aimed at shaping policies and addressing regulatory issues, as it looks to establish itself as a regional hub for AI development.

Malaysia launches National AI Office for policy, regulation

The&nbsp;US&nbsp;Supreme&nbsp;Court&nbsp;dismissed on Wednesday an appeal by&nbsp;artificial intelligence (AI) chipmaker&nbsp;Nvidia seeking to&nbsp;avoid&nbsp;a&nbsp;securities&nbsp;fraud&nbsp;lawsuit&nbsp;by shareholders who accused the company of&nbsp;misleading investors&nbsp;about how much of its sales depended on the volatile cryptocurrency market.

US Supreme Court dismisses Nvidia's bid to avoid securities fraud suit

The two princes who allegedly made "donations" to Datuk Seri Najib Razak's personal accounts were grandsons of the late King Abdullah of Saudi Arabia, the court heard on Thursday. &nbsp;

Citi sees potential in Southeast Asia (SEA), where client activity at the bank is up double digits across its Asean trade corridors with other markets, The Business Times&nbsp;reported&nbsp;on Thursday, citing Jason Rekate, a co-head of corporate banking at the US bank.

Citi sees SEA as target to diversify client supply chains, including M'sia for industrial parks

KUALA LUMPUR (Dec 12): Discussions on&nbsp;gas distribution&nbsp;in Sarawak between Petroliam Nasional Bhd (Petronas) and Petroleum Sarawak Bhd (Petros) have been&nbsp;settled, and the government is currently fine-tuning the&nbsp;details, parameters&nbsp;and implications of the move.

KUALA LUMPUR (Dec 12): Analysts have maintained their outlook on Axiata Group Bhd (KL:AXIATA) following the recent merger between XL Axiata and Smartfren Telecom, suggesting that potential benefits may take time to materialise.

Analysts maintain outlook on Axiata, flags delayed benefits from XL-Smartfren merger

SEOUL (Dec 12): South Korean President Yoon Suk Yeol&nbsp;on Thursday lashed&nbsp;out at his political opponents as "anti-state forces", said North Korea&nbsp;has&nbsp;hacked the country's elections, and defended&nbsp;his&nbsp;short-lived martial law order as a legal move to protect democracy.

South Korean President Yoon vows to ‘fight to the end’

The government is always proactive in dealing with the issue of the shadow economy through methods of increasing tax compliance, curbing revenue leakage, and increasing the public's trust in the country's taxation system.

Govt proactive in addressing shadow economy issues, tax compliance rate level and curbing revenue leakage, says Hui Ying

A Temasek Holdings Pte Ltd firm’s stake sale agreement values U Mobile Sdn Bhd at about RM7.5 billion (US$1.7 billion), according to people familiar with the matter, after the Malaysian phone company won a major 5G contract.

The direction of the development of the franchise industry, the distribution of aid to flood-affected farmers, and the status of the establishment of the Malaysian Ombudsman&nbsp;are among topics that will be discussed on the last day of the Dewan Rakyat sitting&nbsp;on Thursday.