<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 9): MMAG Holdings Bhd has emerged as the second largest shareholder in Dynaciate Group Bhd with a 9.92% stake after participating in the latter’s private placement.</p></div>

<div class=newsTextDataWrapInner><p>In a filing today, Dynaciate said MMAG has subscribed to 65.88 million shares in the company at 12.4 sen per share or RM8.17 million. The stock was last traded at 15 sen, valuing the group at RM89.72 million.</p></div>

<div class=newsTextDataWrapInner><p>Subsequent to the exercise, MMAG’s 24.4% shareholder Chan Swee Ying also emerged as an indirect shareholder in Dynaciate. Chan is also an executive director of Vortex Consolidated Bhd, in which she owns a 24.82% stake.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Following the placement, Dynaciate’s largest shareholder Dynaciate Engineering Sdn Bhd saw its stake diluted to 9.98%, from 11.23% previously. Dynaciate Engineering is controlled by the listed firm’s executive directors Khoo Song Heng and Woon Kok Kee.</p></div>


MMAG Holdings Bhd has emerged as the second largest shareholder in Dynaciate Group Bhd with a 9.92% stake after participating in the latter’s private placement.

MMAG now second largest shareholder in Dynaciate

Argentina would seem to have it all — abundant natural resources, legions of well-educated workers. But it struggles to attract investors because its politicians have a habit of changing the rules on a whim, favouring the state over private enterprise.

Milei touts US$50 bil from investors eyeing 30-year loopholes in Argentina

PARIS (Dec 2): France's manufacturing sector faced in November its steepest decline in new orders since the first wave of the COVID-19 pandemic in 2020, as demand weakened both domestically and internationally, a survey by S&P Global showed on Monday.

The HCOB France Manufacturing P...

French industry sees sharpest order decline since COVID outbreak, PMI shows

Indonesia will invite private firms to contribute to President Prabowo Subianto's flagship programme of giving free meal to millions of students next year, including dairy companies, the national nutrition agency chief said on Monday.

Indonesia to invite private firms to supply flagship free meal programme, official says

China Mobile said on Monday it had offered to acquire Hong Kong telecommunications company HKBN in a deal valuing the broadband firm at HK$6.86 billion (US$881.63 million).

China Mobile said it would acquire all shares it does not already own in HKBN for HK$5.23 per share.

HKBN gets takeover offer from China Mobile valuing broadband firm at US$882 mil

LONDON (Dec 2): A gauge of British manufacturing activity released on Monday pointed to the sharpest contraction in nine months, as orders from domestic and foreign customers fell and ongoing supply chain disruption pushed up costs.

The S&P Global manufacturing Purchasing Manag...

UK manufacturing PMI sinks to 9-month low as orders dry up

Zinc could see more sharp price swings as growing tightness along the metal’s supply chain leaves buyers exposed to sudden changes in availability.

The material used to galvanise steel had a turbulent time on the London Metal Exchange (LME) last week, finishing almost 5% higher despite a 2.5% slump on Thursday.

Zinc’s wild week may signal volatile era as supplies squeezed

Amazon.com Inc founder Jeff Bezos joined Samsung in a US$700 million (RM3.1 billion) bet on Tenstorrent, valuing the AI chip startup with ambitions of taking on Nvidia Corp at about US$2.6 billion.

Bezos backs AI chipmaker vying with Nvidia at US$2.6b value

(Dec 2): Dollar bulls emboldened by Donald Trump’s win are entering a month that has historically punished the greenback.

The US currency has advanced about 2% since the Nov. 5 election, but seasonality shows the odds are stacked against it from here. The greenback posted losses in eigh...

Dollar faces treacherous December as Trump, rate risks boil over

Automotive batteries manufacturer Joe Holding Bhd (KL:JOE) has proposed a share capital reduction to wipe out RM80.4 million of its accumulated losses.

The group said the exercise will accurately reflect its financial position by eliminating the accumulated losses via the cancellation of its issued share capital, Joe Holding said in a bourse filing on Monday.

Joe Holding proposes share capital reduction to eliminate accumulated losses

n line with the state government’s vision to drive comprehensive digitalisation, residents in Seremban, mainly traders, are being given exposure to cashless payment methods through the Cashless Society Pilot Programme.

Cashless society pilot programme launched in Negri Sembilan to boost digitalisation

<p>Public Bank Bhd (KL:PBBANK) rose to its highest in more than a month on Monday, after the release of its third-quarter results last Friday, as analysts expect the country’s third-largest bank by assets to further write-backs of loan loss provisions in the coming quarters.&nbsp;</p>


Public Bank climbs over one-month high as analysts see more write-backs in coming quarters

<p>KUALA LUMPUR (Dec 2): The High Court on Monday has deferred in delivering its decision on a class action suit by pensioner Aminah Ahmad against the Public Services Department and the government, to compel them to enforce the Court of Appeal’s (COA) mandamus order, which mandates the government to pay them pre-2013 pension adjustment arrears prospectively from January 2022.</p>


Pension arrears decision: Court postpones judgement on Aminah Ahmad’s case to Jan 16, 2025

<p>KUALA LUMPUR (Dec 2): Sime Darby Property Bhd (KL:SIMEPROP) said it has signed an agreement for a 20-year lease of data-centre facilities to Pearl Computing Malaysia Sdn Bhd for up to RM5.6 billion, beginning as early as 2027.</p>


SimeProp inks data-centre lease agreement worth up to RM5.6b

<p>Mass Rapid Transit Corp Sdn Bhd (MRT Corp) is inviting local and foreign companies to participate in the tender for the Penang Light Rail Transit (LRT) Mutiara Line project, which the federal government has allocated RM10 billion for.</p>


MRT Corp begins tender process for Penang LRT contractor

<p>THERE has been a noticeable rise in the number of companies declaring special dividends since Budget 2025 was tabled in parliament in October. Market observers believe that the rush to pay out special dividends is likely due to the 2% tax on individuals with dividend income exceeding RM100,000 an...

Special dividends on the rise with dividend tax looming

<p>The US will launch on Monday its third crackdown in three years on China's semiconductor industry, curbing exports to 140 companies including chip equipment maker Naura Technology Group, among other moves, said two people familiar with the matter.</p>


Latest US strike on China's chips hits semiconductor toolmakers

<p>Press Metal Aluminium Holdings Bhd (KL:PMETAL) jumped on Monday to its highest in more than one month, after the group's third-quarter results beat analysts' expectations last Friday, boosted by higher aluminium prices.</p>


Press Metal shares top one-month high after 3Q surprise, boosted by aluminium prices

<p>CGS International views the recent lacklustre market performance as an excellent buying opportunity, as it&nbsp;sees potential price-earnings (P/E) expansion going into 2025.&nbsp;</p>


CGS sees market dip as prime buying opportunity, predicts P/E growth by 2025

<p>KUALA LUMPUR (Dec 2): Pensioners and army veterans have asked Prime Minister Datuk Seri Anwar Ibrahim to look into their plight, especially those who retired before 2013, as they are receiving less pension over the years, owing to the Pensions Adjustment (Amendment) Act 2013 (PAA 2013), which the courts have declared as being unconstitutional, but no action has been taken as yet by the government to set the matter right.</p>


Are pensioners of ‘lower status’ than judges, ask pensioners and army vets, who want the PM to look into their plight, too

<p>Late last week, cash-strapped Practice Note 17 (PN17) counter Sapura Energy Bhd (KL:SAPNRG) announced that both its chairman Datuk Mohammad Azlan Abdullah and group CEO and executive director Datuk Mohd Anuar Taib were resigning due to “other personal commitments” and “personal endeavours” respec...

Frankly Speaking: Uncertain times again for Sapura Energy

<p>THE FBM KLCI is highly likely to end the year in the positive zone — the first time after three consecutive years of closing lower, barring any unforeseen circumstances that may unfold before the countdown to the new year.</p>

<p>Year to date, the benchmark index has risen almost 10%, although...

Is 1,700-level a reachable target for FBM KLCI?

<p>KUALA LUMPUR (Dec 2): In November, the Malaysian manufacturing sector experienced a slowdown as demand conditions remained subdued, according to a statement by S&amp;P Global on Monday.</p>


Malaysian manufacturing saw eased production and new orders in November, while exports rose — S&P Global PMI

<p>Malaysia has urged Chinese companies to refrain from using it as a base to "rebadge" products to avoid US tariffs, its deputy trade minister said on Monday, amid increasing export restrictions and concerns of a US-China trade war.</p>


Malaysia urges firms from China to avoid using it to dodge US tariffs

<p>Despite reporting a significant year-on-year (y-o-y) jump in earnings, analysts have cut their earnings forecasts for Velesto Energy Bhd (KL:VELESTO),&nbsp;citing a challenging outlook for the company's rigs in the coming year.</p>


Analysts downgrade Velesto Energy amid weaker charter rates, utilisation ahead

<p>LBS Bina Bhd (KL:LBS) surged in early trade on Monday, after the group declared special dividends, subsequent to&nbsp;posting quarterly earnings which were boosted by a one-off disposal gain.</p>


LBS surges in early trade after disposal gain boosts earnings and special dividends

<p>The Monetary Authority of Singapore (MAS) has imposed a civil penalty of S$2.4 million (RM8.0 million) on JPMorgan Chase Bank for failing to prevent and detect misconduct committed by its relationship managers (RMs).</p>


Singapore fines JPMorgan Chase for failing to detect relationship managers' misconduct

<p>Shares in Johor-based logistics provider Xin Hwa Holdings Bhd (KL:XINHWA) fell to their lowest on Monday, despite announcing that its cargo transport unit's goods transport licence suspension is set to be lifted a month ahead of schedule.</p>


Xin Hwa shares fall to record low despite early suspension lift of cargo transport unit’s licence

<p>Local institutions were net&nbsp;buyers of Malaysian equities for the fourth consecutive week, with net buying of RM207.7 million last week.</p>

<p>However, this was&nbsp;lower than the RM250.6 million recorded in the week prior.</p>


Foreign investors continue to sell on Bursa for fourth straight week at RM259.8m

<p>Fresh from having charges dropped in one criminal case, former prime minister Datuk Seri Najib Razak is back again in court, this time defending himself in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial.</p>


1MDB-Tanore: Najib takes stand in his defence

<p>KUALA LUMPUR (Dec 2): Analysts continued to be divided towards the prospects of banks, despite better-than-expected third quarter results and improving industry indicators, amid intense competition for deposits which could still hit net interest margin (NIM) in the near term.</p>
