<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 14): Transocean Holdings Bhd is buying a 40% stake in Enfrasys Solutions Sdn Bhd from Enfrasys Consulting Sdn Bhd for RM20 million.</p></div>

<div class=newsTextDataWrapInner><p>In a filing to Bursa Malaysia, the logistics company said the purchase consideration will be settled via issue of new shares at RM1 per share. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>“The purchase consideration is based on 10 times the guaranteed profit after tax of Enfrasys Solutions for the financial year ending Dec 31, 2021 (FY21) of RM5 million,” said Transoceas.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The issue price represents an approximate 18.84% premium to the five day-volume weighted average market price of Transocean shares up to and including April 13 of 84.15 sen, said the company.</p></div>

<div class=newsTextDataWrapInner><p>Transocean&nbsp; posted a net loss of RM2.82 million for FY20 compared with a wider loss of RM5.6 million the year before. Annual revenue came in lower at RM16.9 million in FY20 versus RM19.98 million previously.</p></div>

<div class=newsTextDataWrapInner><p>Transocean shares were last traded at 88 sen on Tuesday.</p></div>


Transocean Holdings Bhd is buying a 40% stake in Enfrasys Solutions Sdn Bhd from Enfrasys Consulting Sdn Bhd for RM20 million.

In a filing to Bursa Malaysia, the logistics company said the purchase consideration will be settled via issue of new shares at RM1 per share.

Transocean buys a 40% stake in systems integration firm Enfrasys  

Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday

3REN, CTOS, Pharmaniaga, Hup Seng, Lotte Chemical, Datasonic, Haily, Mah Sing, AMMB, DXN, JAKS Resources, Star Media

Security-based ICT provider Datasonic Group Bhd (KL:DSONIC) has proposed to undertake bonus issues of up to 1.55 billion warrants on the basis of one warrant for every two shares held by shareholders.

Datasonic proposes one-for-two bonus warrants

YNH Property Bhd (KL:YNHPROP), which has yet to complete a special independent review of certain contracts it previously said would take three months to complete from its commencement in June, has now said the review had been delayed due to "strained resources".

YNH blames 'strained resources' for delay in completing independent review of its JV, turkey contracts

Amazon.com Inc shares hit an intraday record on Wednesday, in the latest example of how big tech remains a favoured part of the market for investors.

Shares of the e-commerce and cloud-computing company rose 1% to US$201.45 (RM876.85), taking out a peak that has stood since July.

Amazon hits record after strong results accelerate year’s rally

Donald Trump's election as US president is fueling financial market bets that the Federal Reserve will deliver fewer interest-rate cuts next year, on anticipation that a slew of new policies once he takes office will stall inflation's downward progress.

US Fed seen on shallower rate-cut path after Trump's election

JPMorgan Chase CEO Jamie Dimon will remain at the bank and has no plans to join the Trump administration despite questions about whether he would take a senior government role after the US presidential election, a source said.

JPMorgan CEO Dimon to remain at bank and has no plans to join Trump administration — Reuters

Wall Street's main indexes soared to record highs on Wednesday, as Republican Donald Trump won the 2024 US presidential election in a remarkable comeback four years after he was voted out of the White House.

Wall Street hits record high as Trump returns as US president

Direct selling company DXN Holdings Bhd (KL:DXN), which sells health and wellness products, said on Wednesday it plans to charter a Gulfstream G550 corporate jet that will cost up to US$6.60 million (RM29.06 million) a year to expand its global business.

DXN leases corporate jet for business expansion

The country that buys more US goods than any other and is its largest external oil supplier is bracing for economic disruption now that voters have returned Donald Trump to the White House.

Trump sweep creates new fight for Trudeau as trade talks loom

Donald Trump was elected the 47th president of the United States, pulling off a stunning political comeback in one of the most polarised contests for the White House in US history.

Trump wins US presidential election in extraordinary comeback

<p>Donald Trump was elected the 47th president of the United States, pulling off a stunning political comeback in one of the most polarised contests for the White House in US history.</p>


<p>The Federal Court dismissed the appeal by a businesswoman, who was challenging the Court of Appeal decision&nbsp;which had overturned a High Court decision that she was entitled to RM200,000 damages from CTOS Data Systems Sdn Bhd (CDS), a subsidiary of CTOS Digital Bhd (KL:CTOS).</p>


Businesswoman’s challenge against CTOS ends as apex court refuses to grant leave

<p>KUALA LUMPUR (Nov 16): The Employees Provident Fund (EPF) has set aside a provision of RM24 million following an accounting adjustment at its Battersea joint venture (JV) firm.</p>


MOF: EPF books RM24m in provision for London’s Battersea project following IFRS treatment

<p>Technology and semiconductor-related stocks on Bursa Malaysia surged on Wednesday ahead of Republican candidate Donald Trump's victory in the US presidential election.</p>


Malaysian tech stocks surge ahead of Trump's victory

<p>3REN Bhd (KL:3REN) made an impressive debut on the ACE Market of Bursa Malaysia on Wednesday, with a closing price of 39.5 sen, a 41.07% rise or 11.5 sen higher than its initial public offering price (IPO) of 28 sen.</p>


3REN gains 41% on ACE Market debut

<p>Pharmaniaga Bhd (KL:PHARMA) has revised its regularisation plan, which aims to lift it out of Practice Note 17 (PN17) status, by adjusting the capital reduction and excluding warrants from its rights issue.</p>

<p>The proposed plan now includes a RM520 million capital reduction, as well as a rights issue set to raise up to RM353.516 million. Meanwhile, a RM300 million private placement proposed by the company remained unchanged.</p>


Pharmaniaga axes free warrants in RM654 mil fundraising plan; Boustead, LTAT may pump in RM194 mil

<p>Fraser &amp; Neave Holdings Bhd (KL:F&amp;N) has flagged that its cash flow will be affected by the delayed start of milk production at its integrated dairy farm in Gemas, Negeri Sembilan, due to the sudden suspension of imports of dairy cows from the US due to concerns over an avian flu outbreak. &nbsp;</p>


F&N flags cash flow impact from delayed milk production at Gemas farm due to suspension of heifer imports

<p>Major stock markets around the world rallied on Wednesday, while bitcoin hit a record high and the dollar was set for its biggest one-day jump since early 2023 as Republican Donald Trump was elected US president.</p>


US stock futures, dollar and bitcoin surge as Trump wins race to White House

<p>Bank Negara Malaysia (BNM) has kept the overnight policy rate (OPR) unchanged at 3% as widely expected as it noted the continued expansion of the global economy and the sustained strength of domestic economic activities with inflation remaining "modest".</p>

<p>The benchmark interest rate decision was made&nbsp;by the Monetary Policy Committee (MPC) at its&nbsp;meeting on Wednesday, it said in a statement.</p>


Bank Negara leaves OPR unchanged at 3%

<p>Gamuda Bhd (KL:GAMUDA) is expected to be included in the FBM KLCI, according to RHB Research and CIMB Securities ahead of the semi-annual review of the index's component stocks on Dec 5, while Genting Malaysia Bhd (KL:GENM) and Genting Bhd (KL:GENTING) risk exclusion.</p>


RHB, CIMB expect Gamuda's KLCI inclusion ahead of semi-annual review

<p>The government has decided to implement a two-tier pricing mechanism for the targeted RON95 petrol subsidy, Economy Minister Rafizi Ramli told Parliament on Wednesday.</p>


Targeted RON95 subsidy to be implemented via two-tier pricing to curb inflation — Rafizi

<p>The government's decision to introduce mandatory Employees Provident Fund (EPF) contributions for foreign workers is meant to address the country's heavy dependence on foreign labour, while promoting fairness in the domestic labour market, said Finance Minister II Datuk Seri Amir Hamzah Azizan.&nbsp;</p>


Mandatory EPF contribution meant to reduce reliance on foreign workers, says Amir Hamzah

<p>Biscuit maker Hup Seng Industries Bhd (KL:HUPSENG) said its net profit rose 32.65% year-on-year in the third quarter, boosted by higher sales from increased production capacity following the commercial run of a new oven.</p>


Hup Seng posts record earnings in 3Q on higher sales, declares special dividend

<p>Malaysia remained the fifth most connected country in Asean in the first half of 2024 (1H2024), after Thailand, Singapore, Vietnam and Indonesia, according to the Malaysian Aviation Commission’s (Mavcom) latest Air Connectivity Index (ACI).</p>


Malaysia the fifth most connected country in Asean in 1H

<p>KUALA LUMPUR (Nov 6): TMC Life Sciences Bhd (KL:TMCLIFE) said on Wednesday that it will begin construction of its integrated medical hub, Thomson Iskandar in Johor Bahru, by late 2025, with completion targeted for 2030.</p>


TMC revives Thomson Iskandar medical hub in JB, targets 2030 completion

<p>Emerging market currencies and stocks suffered broad losses on Wednesday after a US election win by Republican Donald Trump sent the dollar sharply higher and raised the spectre of fresh trade barriers.</p>


Emerging market stocks, currencies take a hit as Trump wins US election

<p>Chinese investors and companies are showing&nbsp;greater interest in Malaysia, according to&nbsp;Prime Minister Datuk&nbsp;Seri Anwar Ibrahim.</p>

<p>“This is a very positive development,” he told the Malaysian&nbsp;media after holding a round-table session with over 20&nbsp;industry leaders here on Wednesday.</p>


Anwar sees rising interest in Malaysia among Chinese investors, companies

<p>Investors bought dollars, bitcoin and stocks, and sold bonds as Donald Trump claimed victory in the US presidential election and Republicans took control of at least one chamber of Congress.</p>

<p>US stock futures hit record highs, the dollar surged and Treasury yields jumped, while bitcoin broke US$75,000 for the first time — all moves flagged by investors as likely should Trump win over Democrat Kamala Harris.</p>


'Trump trade' surges as he claims victory

<p>Former treasury secretary general Tan Sri Dr Mohd Irwan Serigar Abdullah was successful in his bid on Wednesday to bring in two former 1Malaysia Development Bhd (1MDB) board members and its former chief financial officer, Azmi Tahir, as third parties in a US$6.59 billion suit filed by 1MDB against Irwan and&nbsp;Arul Kanda Kandasamy, a former president of the company.</p>


COA allows Irwan’s appeal in 1MDB's US$6.59b suit, brings in two ex-board members, former CFO as third parties

<p>KUALA LUMPUR (Nov 6): Plantation companies are projected to post higher quarter-on-quarter (q-o-q) earnings in their upcoming quarterly results, thanks to stronger output and improved performance within the oleochemical segment, said Hong Leong Investment Bank (HLIB).</p>
