<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 13): Shares of Tanco Holdings Bhd shot up as much as 19% today following the receipt of a takeover offer from its major shareholders, at 8.12 sen a share and RM1.624 per redeemable convertible note.</p></div>

<div class=newsTextDataWrapInner><p>In a statement to Bursa Malaysia on Friday, the property developer said the major shareholders were joint offerors Datuk Seri Tan Jing Nam, Andrew Tan Jun Suan and Datuk Tan Lee Sing, who own a collective 34.1% stake in Tanco.</p></div>

<div class=newsTextDataWrapInner><p>The trio intend to maintain Tanco's listing status on Bursa.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>As at 2.30pm, Tanco's stock, which hit 9.5 sen earlier, pared some gains to trade at 9 sen, still up 1 sen or about 13%, for a market capitalisation of RM35.56 million.</p></div>

<div class=newsTextDataWrapInner><p>It saw some 20.62 million shares traded, compared to its 200-day average volume of 817,710 shares.</p></div>

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KUALA LUMPUR (Feb 13): Shares of Tanco Holdings Bhd shot up as much as 19% today following the receipt of a takeover offer from its major shareholders, at 8.12 sen a share and RM1.624 per redeemable convertible note.

In a statement to Bursa Malaysia on Friday, the property developer sai...

Tanco shares up near 19% following takeover offer

Paragon Globe Bhd’s (KL:PGLOBE) shareholders have approved the Johor-based property developer’s various land deals as well as its joint development with a unit of Tropicana Corp Bhd (KL:TROP).

Paragon Globe shareholders greenlight deals on land, development rights with Tropicana unit

Software services provider Nova MSC Bhd (KL:NOVAMSC) has decided not to proceed with subscription deals with two Singapore-based investment firms.

Nova MSC shelves subscription deal with Singapore firms, in talks with new potential investor

Cocoaland Holdings Bhd co-founder Lau Pak Lam has ceased to be a substantial shareholder in PUC Bhd (KL:PUC) after disposing of 100 million shares or a 3.6% stake in the digital payment solutions provider via a direct business transaction on Dec 23.

PUC changes substantial shareholders

German President Frank-Walter Steinmeier dissolved Parliament and set the country’s snap election for Feb 23, formally endorsing a timetable proposed by Chancellor Olaf Scholz after he pulled the plug on his ruling coalition last month.

German president dissolves Parliament and calls Feb 23 election

Khazanah Nasional Bhd announced on Friday that it has invested in private equity Cambrian Fund and California-based artificial intelligence (AI) firm Syntiant Corp.

In a statement, the sovereign wealth fund said the investment was made through its RM1 billion Dana Impak fund, which aims to drive greater growth and innovation in Industrial Revolution 4.0 (IR4) technologies and capacity development, and boost research and development (R&D) in AI and semiconductor technologies.

Khazanah announces investments into ViTrox-backed Cambrian Fund and AI firm Syntiant Corp

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Friday.

FBM KLCI up to over one-month high of 1,628.14 on Dec 27, 2024

Profit margins in China’s automotive industry were squeezed even further in 2024, as cut-throat competition continued to claim weaker electric vehicle (EV) makers.

Industry-wide margins for car manufacturers in the world’s largest market averaged 4.4% in the January through November period, data released on Friday by China’s Passenger Car Association (PCA) show. They averaged 5% in 2023.

Chinese carmakers’ profit margins squeezed further in 2024

China has sanctioned seven military industrial companies and related senior executives over US arms assistance and sales to Taiwan, the Chinese foreign ministry said on Friday.

Boeing subsidiary Insitu Inc, RTX Inc's Raytheon Canada and Raytheon Australia, as well as Hudson Technologies Co are among the companies listed by the ministry in a statement.

China sanctions US military firms, executives over arms sales to Taiwan

The Bank of Japan (BOJ) signalled that a rate hike next month still remains on the table, even as cautious views among the majority swayed the stand-pat decision in a policy meeting last week.

BOJ signals January rate hike still on table with lively debate

Estonia's armed forces have launched a naval operation to protect the Estlink 1 undersea power cable in the Baltic Sea in response to the damage this week of a parallel electricity line, Foreign Minister Margus Tsahkna said on Friday.

Estonia's navy to protect Baltic Sea power link after cable damage

<p>Shares of Tenaga Nasional Bhd (KL:TENAGA) rose on Friday to their new record high as analysts flagged potential earnings upside from implementation of Regulatory Period 4 (RP4).</p>


Tenaga Nasional shares hit new record high as analysts flag upside from RP4

<p>The Securities Commission Malaysia (SC) has ordered Bybit Technology Ltd to disable its website and mobile applications in the country as part of enforcement actions against the cryptocurrency exchange.</p>


SC orders Bybit to disable website, apps in Malaysia for operating illegal crypto exchange

<p>Shares of MyMBN Bhd (KL:MBN) fell on Friday to their lowest since listing 17 months ago, and below the initial public offering price, after the Malaysian government temporarily suspended bird's nest exports to China.</p>


MyMBN shares slip to lowest on record after govt suspends bird's nest export to China

<p>The proposed adjustment in Peninsular Malaysia’s base electricity tariff under the Regulatory Period 2025-2027 (RP4) is mainly a “rebasing exercise” to reflect higher fuel costs assumption, said Tenaga Nasional Bhd (KL:TENAGA).</p>


Base electricity tariff adjustment reflects higher fuel costs, won't burden vulnerable groups, says Tenaga

<p>The US Centers for Disease Control and Prevention said on Thursday its analysis of samples from the first severe case of bird flu in the country last week showed mutations not seen in samples from an infected backyard flock on the patient's property.</p>


Bird flu virus shows mutations in first severe human case in US, CDC says

<p>The government will not allow increases in electricity tariffs that would burden the majority of the public, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


Electricity tariff adjustment won’t burden majority, says PM

<p>Khazanah Nasional Bhd announced on Friday that it has invested in private equity Cambrian Fund and California-based artificial intelligence (AI) firm Syntiant Corp.</p>

<p>In a statement, the sovereign wealth fund said the investment was made through its RM1 billion Dana Impak fund, which aims to drive greater growth and innovation in Industrial Revolution 4.0 (IR4) technologies and capacity development, and boost research and development (R&amp;D) in AI and semiconductor technologies.</p>


<p>South Korea's parliament impeached acting President Han Duck-soo on Friday over a short-lived martial law, plunging the country deeper into political chaos, as the Constitutional Court said it would swiftly trial suspended President Yoon Suk Yeol.</p>


South Korea's parliament impeaches acting president Han, as Yoon goes on trial

<p>The US dollar headed towards an almost 7% annual gain on Friday and Japan's yen for a fourth consecutive year of losses as traders anticipated robust US growth would make the Federal Reserve cautious on rate-cutting well into 2025.</p>


Dollar set for big annual gain as traders brace for high US rates

<p>Japanese Prime Minister Shigeru Ishiba's cabinet on Friday approved a record US$730 billion (RM3.26 trillion) budget for the next fiscal year, while limiting new bond issuance to the lowest in 17 years on the back of record tax revenue.</p>


Japan's cabinet approves record budget, faces tough parliament fight

<p>A less-than-perfect debut for the new season of Netflix Inc’s blockbuster series Squid Game sent shares of related South Korean companies sharply lower Friday.</p>


‘Squid Game’ stocks tank in Korea on Netflix new season letdown

<p>PUC Bhd’s (KL:PUC) photography associate Pictureworks International Holdings Ltd has filed for a listing on Nasdaq in the US.</p>

<p>The initial public offering (IPO) of its 27.53%-owned associate has been registered with the US Securities and Exchange Commission though the terms such as pricing, number of shares to be offered, and timetable for the public offering were not disclosed.</p>


PUC’s associate Pictureworks files for IPO on Nasdaq in US

<p>US soybean futures rose more than 1% on Thursday and soymeal futures touched a two-month high as worries about dry weather in parts of Argentina prompted speculators to exit short positions ahead of the new year, analysts said.</p>


Soybean futures up as weather spurs short-covering; corn at six-month high

<p>PAS'&nbsp;move to 'politicise' the recent Christmas celebration&nbsp;at the Ministry of Housing and Local Government was&nbsp;disrespectful to the rights of Malaysia’s multiracial and multi-religious society, according to three DAP leaders.</p>


DAP leaders criticise PAS for 'politicising' Christmas celebration

<p>Chinese workers at a construction site in Brazil for a factory owned by China's electric vehicle producer BYD are victims of human trafficking, Brazilian labour authorities said on Thursday in a growing controversy in BYD's biggest overseas market.</p>


Brazil says workers at China's BYD site are victims of human trafficking

<p>Oil prices rose slightly on Friday and were on track for a weekly rise, spurred by expectations economic stimulus efforts will prompt a recovery in China, while a stronger dollar capped gains.</p>


Oil prices set for weekly gain on China expectations

<p>The Inland Revenue Board (IRB) has received 114 million e-invoices from 9,000 taxpayers as of Thursday.</p>

<p>IRB corporate services department director Noraini Mustafa said that the response has been very encouraging, particularly in Phase 1, with some companies originally scheduled for Phases 2 and 3 voluntarily participating earlier than required.</p>


IRB says 114 million e-invoices received as of Dec 26

<p>The Human Rights Commission of Malaysia (Suhakam) expresses its deep concern over the decision of the Terengganu Shariah Court in the case of Mohd Affendi Awang, a 42-year-old carpenter, who was sentenced to six lashes in public, after being convicted of repeated khalwat (close proximity) offences under Section 31(a) of the Shariah Criminal Offences (Takzir) (Terengganu) Enactment 2022. This punishment undermines human rights, dignity, and the rule of law. The commission takes note that whipping under shariah laws is different from civil law. Be that as it may, the sentence not only constitutes cruel, inhuman, and degrading treatment, but also raises serious questions regarding the legality of public whipping under the Federal Constitution and federal law.</p>


Public whipping in Terengganu: A violation of human rights and rule of law

<p>On Nov 20, the Kuala Terengganu Shariah High Court handed down the sentence of six lashes in public for repeated offences of <em>khalwat </em>(close proximity) against a carpenter named Mohd Affendi Awan.</p>


Shariah whipping in public — does it exceed the Shariah Courts’ jurisdiction?

<p>Malaysia's Foreign Ministry through the Embassy of Malaysia in Stockholm, is in constant communication with the Norwegian authorities to gather more information regarding a bus accident near Lake Åsvatnet on Dec 26 which reportedly involved passengers from several countries including Malaysia.</p>
