<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 18): Mah Sing Group Bhd's founder, managing director and group chief executive Tan Sri Leong Hoy Kum has optimised his shareholding structure in the property developer, by transferring 180 million Mah Sing shares from Mayang Teratai Sdn Bhd to Mayang Teratai Ltd.</p></div>

<div class=newsTextDataWrapInner><p>"The transfer does not result in the change of control of Mah Sing, which remains with Tan Sri Leong Hoy Kum, and does not have an impact [on] his direct or indirect shareholdings in Mah Sing. His effective shareholdings in Mah Sing remains at 35%," said the group in a statement.</p></div>

<div class=newsTextDataWrapInner><p>The group said it continues to focus on Malaysia's central region in 2016 and 2017, which will account for the major part of its RM2.3 billion sales target.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>For the financial year ended Dec 31, 2015 (FY15), the group posted a net profit of RM386.68 million, up 8% from RM356.5 million in FY14, on the back of a 7% increase in revenue to RM3.1 billion from RM2.9 billion.</p></div>

<div class=newsTextDataWrapInner><p>Mah Sing rose 2 sen or 1.3% to close at RM1.55, giving a market capitalisation of RM3.74 billion.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (July 18): Mah Sing Group Bhd's founder, managing director and group chief executive Tan Sri Leong Hoy Kum has optimised his shareholding structure in the property developer, by transferring 180 million Mah Sing shares from Mayang Teratai Sdn Bhd to Mayang Teratai Ltd.

"The...

Mah Sing founder optimises shareholding, maintains 35% stake

China will extend visa-free entry to citizens from nine additional countries, including South Korea, Norway and Finland, the foreign ministry said on Friday.

China expands visa-free policy to nine more countries including South Korea

For many Ukrainians, the outcome of the US election next week and its impact on the war with Russia feels less likely to be pivotal than it once did.

Even with the Democrats' unprecedented military and financial aid, battlefield losses have accelerated in the east and Ukraine has grown impatient with President Joe Biden's reluctance to let it unleash Western weapons on targets deep inside Russia.

In Ukraine, hopes of war breakthrough slim whoever wins US election

False claims about voter fraud in Pennsylvania have raised concerns that Republican presidential candidate Donald Trump may once again seek to overturn the vote there or in other battleground states likely to determine the winner next Tuesday.

Opinion polls, both nationally and in the seven closely divided states, show Trump locked in a tight race with Democratic Vice President Kamala Harris with four days to go before Election Day.

Trump's fraud claims revive fears he may again seek to overturn election results

Wall Street's main indexes jumped on Friday, recovering some losses from the previous session, as Amazon's strong earnings countered Apple's weaker China sales and investors assessed a significant drop in US jobs growth in October.

Wall St rebounds as Amazon gains offset weak jobs growth, Apple sales

Federal Reserve policymakers look all but certain to reduce short-term borrowing costs by a modest quarter of a percentage point at their policy meeting next week, their confidence that the labour market is cooling but not crashing likely intact despite new data showing US employers added fewer workers in October than in any month since December 2020.

Fed seen on track for 25-basis-point rate cuts next week and in December

Plantation company Malpac Holdings Bhd (KL:MALPAC) has declared an interim dividend of 10 sen per share for the financial year ending June 30, 2025 (FY2025). The dividend payout will be paid on Dec 18 this year, the Main Market-listed said in a filing on Friday.

Malpac resumes dividend payout at 10 sen for FY2025 after six-year absence as FY2024 profit hits decade-high

KUALA LUMPUR (Nov 1): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:

Gamuda Bhd (KL:GAMUDA) has secured a RM451.4 million contract to build a data centre in Cyberjaya. The contract will cover the data centre’s ...

Gamuda, Parkwood, YNH Property, Rexit, Techna-X, RGT, Bumi Armada, Kimlun, Pintaras Jaya and MMAG

EVENING 5: Five things you need to know today

EVENING 5: U Mobile chosen to lead Malaysia’s 5G network

(Nov 1): Just days ahead of the Nov 5 presidential election in the US, investors are trying to gauge how stock markets will react as polls and betting platforms point to a tight race between Vice President Kamala Harris and former President Donald Trump.

Harris' lead over the Republican...

Harris vs Trump: Stocks to watch as White House race enters final stretch

<p>Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) have come out separately to defend their investments in FashionValet (FV) that resulted in losses for the two government-linked institutions.</p>


Investment in FashionValet was to support 'high potential Bumiputera company', say PNB and Khazanah

<p>U Mobile Sdn Bhd has been selected to implement Malaysia's second 5G network, the Malaysian Communications and Multimedia Commission announced on Friday.</p>


U Mobile to lead Malaysia's 5G network, says MCMC

<p>The executive chairman of Globetronics Technology Bhd (KL:GTRONIC), Kent Liaw Way Gian, has resigned from the board of APB Resources Bhd (KL:APB), whose shares tanked shortly after Globetronics experienced heavy sell-down in September following the resignation of its external auditor.</p>


Globetronics chairman Kent Liaw quits APB Resources' board

<p>KUALA LUMPUR (Nov 1): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:</p>

<p><strong>Gamuda Bhd</strong> (KL:GAMUDA) has secured a RM451.4 million contract to build a data centre in Cyberjaya. The contract will cover the data centre’s ...

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<p>It is safe now for residents of nine houses in Taman Wawasan here, which were affected by the landslide that occurred on Dec 16 last year, to return to their homes.</p>

<p>The announcement came from chairman of the Petaling District Disaster Management Committee, Huzunul Khaidil Mohammed after an official visit with various related agencies was held on Oct 28.</p>


Taman Wawasan landslide: Area declared safe to live in from Nov 1

<p>Four policemen have been detained to assist in the investigation of a case of stolen jewellery belonging to a woman who was found dead in her car in the parking lot of a condominium in Setapak on Oct 1.</p>


Four cops remanded over theft of jewellery from dead woman

<p>Plantation company Malpac Holdings Bhd (KL:MALPAC) has declared an interim dividend of 10 sen per share for the financial year ending June 30, 2025 (FY2025). The dividend payout will be paid on Dec 18 this year, the Main Market-listed said in a filing on Friday.</p>


<p>Growth for countries in Asean is forecast to be at a robust 4.6% this year and 4.7% in 2025, largely supported by strong domestic demand and exports, the International Monetary Fund (IMF) said on Friday.</p>

<p>In its 'Outlook for Asia and the Pacific: Resilient Growth but Higher Risks' report, it said Indonesia, the Philippines, and Vietnam are all projected to grow robustly (5% and above for the two years), while activity in Thailand remains more subdued (2.8% growth in 2024 and 3% growth in 2025).</p>


IMF sees robust 4.6% growth for Asean in 2024, revises upward Malaysia's GDP growth forecast

<p>US job growth almost stalled in October as strikes in the aerospace industry depressed manufacturing employment while hurricanes impacted the response rate for the payrolls survey, making it hard to get a clear picture of the labour market ahead of next week's presidential election.</p>


Strikes, hurricanes deal US labour market a likely temporary blow

<p>SINGAPORE (Nov 1): State-owned investment firm Temasek Holdings Pte Ltd has disposed of 1,332,100 shares in SATS Ltd to the open market.</p>


Temasek sells 1.3 mil shares in SATS for S$5.32m

<p>(Nov 1): Just days ahead of the Nov 5 presidential election in the US, investors are trying to gauge how stock markets will react as polls and betting platforms point to a tight race between Vice President Kamala Harris and former President Donald Trump.</p>

<p>Harris' lead over the Republican...

<p>Boeing rose 2% in early trading on Friday after the US planemaker bumped up its wage hike offer to about 33,000 striking workers, its latest effort to end a damaging strike after two earlier attempts were rebuffed by employees.</p>


Boeing shares rise as planemaker makes new wage offer to end strike

<p>Wall Street's main indexes jumped on Friday, recovering some losses from the previous session, as Amazon's strong earnings countered Apple's weaker China sales and investors assessed a significant drop in US jobs growth in October.</p>


<p>MMAG Holdings Bhd (KL:MMAG) announced on Friday that its aviation arm MMAG Aviation Consortium Sdn Bhd (MAC) has received regulatory approval to operate a leasing business in Labuan.</p>


MMAG’s aviation arm gets nod for aircraft leasing business in Labuan

<p>China will extend visa-free entry to citizens from nine additional countries, including South Korea, Norway and Finland, the foreign ministry said on Friday.</p>


<p>Exxon Mobil on Friday beat Wall Street's third quarter profit estimate, boosted by strong oil output in its first full quarter that includes volumes from US shale producer Pioneer Natural Resources.</p>


Exxon's US$8.6 bil profit beats expectations as volume offsets price weakness

<p>WASHINGTON (Nov 1): U.S. manufacturing activity slumped to a 15-month low in October and factories faced higher prices for inputs.</p>

<p>The Institute for Supply Management (ISM) said on Friday its manufacturing PMI fell to 46.5 last month, the lowest level since July 2023, from 47.2 in Septe...

US manufacturing drops to 15-month low in October

<p>Federal Reserve policymakers look all but certain to reduce short-term borrowing costs by a modest quarter of a percentage point at their policy meeting next week, their confidence that the labour market is cooling but not crashing likely intact despite new data showing US employers added fewer workers in October than in any month since December 2020.</p>


<p>Looking at the roster of top-selling records, you could easily think greatest hits albums are doing better than ever. As of September, two dozen had made it onto the music industry’s list of the 200 bestsellers this year, compared with only 10 in 2010.</p>
