<div class=newsTextDataWrapInner>SINGAPORE (Sept 11):&nbsp;Wilmar International says its proposed listing of its 99.99%-owned subsidiary Yihai Kerry Arawana Holdings (YKA) on the Shenzhen Stock Exchange is still “on track”.</div>

<div class=newsTextDataWrapInner>The announcement on September 11 came following queries from some investors on its status.</div>

<div class=newsTextDataWrapInner>On August 10, Wilmar announced that YKA has submitted its updated prospectus to the China Securities Regulatory Commission (CSRC) for final registration approval. Approval from the CSRC is still pending <a href="https://www.theedgesingapore.com/news/company-news/wilmar%E2%80%99s-china-ipo-still-track" target="_blank">... (click on link for full story on theedgesingapore.com).</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

Wilmar International says its proposed listing of its 99.99%-owned subsidiary Yihai Kerry Arawana Holdings (YKA) on the Shenzhen Stock Exchange is still “on track”.

The announcement on September 11 came following queries from some investors on its status.

Wilmar’s China IPO still 'on track'

Shares of Hong Leong Industries Bhd (KL:HLIND) hit a new record high on Tuesday, after the motorcycle assembler reported a surge in quarterly profits.

Hong Leong Industries shares hit new all-time high amid surge in 1Q profit

Prime Minister Datuk Seri Anwar Ibrahim held a meeting on Tuesday with tycoons from several family-owned conglomerates, locally known as 'chaebols', as part of efforts to attract more foreign direct investment (FDI) into Malaysia.

Anwar meets South Korea’s business tycoons, eyes more investments

President-elect Donald Trump on Monday pledged big tariffs on the US' three largest trading partners — Canada, Mexico and China — detailing how he will implement campaign promises that could trigger trade wars.

Trump vows new Canada, Mexico, China tariffs that threaten global trade

CIMB Securities Sdn Bhd through its analysis has indicated that Gamuda Bhd (KL:GAMUDA) and 99 Speed Mart Retail Holdings Bhd (KL:99SMART) may replace Genting Bhd (KL:GENTING) and Genting Malaysia Bhd (KL:GENM) as FBM KLCI constituents in the upcoming review in December.

"Based on Nov 25, 2024 market data, Gamuda’s and 99 Speed Mart’s market capitalisations have climbed to 16th and 25th position respectively, among eligible securities, while Genting Bhd and Genting Malaysia were ranked the lowest," the research firm said in a note on Tuesday.

Gamuda, 99 Speed Mart could join FBM KLCI constituents — CIMB Securities

Eastern & Oriental Bhd (KL:E&O) on Tuesday declared a special dividend, even as the property developer’s net profit only edged up slightly in the second financial quarter from a year earlier.

E&O declares special dividend of one sen, 2Q net profit up 2.2%

Malaysia is currently leading the region's initial public offering (IPO) market, with increasing participation from both institutional and retail investors, reflecting growing interest in capital markets.

Rakuten Trade head of equity sales Vincent Lau said the stronger performance is underpinned by attractive valuations, supportive regulators — Bursa Malaysia and the Securities Commission — the government's clear business-centric framework, and improving fundamentals.

Malaysia's 2024 IPO mania continues, leading the regional market — Rakuten Trade

President-elect Donald Trump on Monday pledged tariffs on the US' three largest trading partners — Canada, Mexico and China — detailing how he will implement campaign promises that could trigger trade wars.

Companies that might be affected by Trump's promised tariffs

China's electric vehicle giant BYD said it will launch a new generation of blade batteries in 2025, Chinese state media CGTN reported on Saturday.

BYD says it will launch new generation of blade batteries next year

Companies have pledged to invest more than US$1 trillion (RM4.47 trillion) in US industries such as semiconductors and clean energy during the Biden administration, the White House said on Monday, citing the passage of three critical laws in recent years.

Biden policies attract US$1 tril in US economic investments, White House says

Penang Development Corporation (PDC) has rejected an RM818 million bid by a tripartite consortium led by IJM Corporation Bhd (KL:IJM) to develop the Batu Kawan Industrial Park 2 in Penang, Free Malaysia Today (FMT) reported.

Penang Development Corp rejects RM818 mil bid by IJM-led consortium to develop Batu Kawan industrial park — report

President-elect Donald Trump on Monday pledged big tariffs on the US' three largest trading partners — Canada, Mexico and China — detailing how he will implement campaign promises that could trigger trade wars.

Republican President-elect Donald Trump says he plans to fundamentally alter the US relationship with Nato during his second four-year term and rapidly bring the war in Ukraine to a close.

Trump's foreign policy: rethink Nato, troops to Mexico, end Ukraine war

Shares of Hong Leong Industries Bhd (KL:HLIND) hit a new record high on Tuesday, after the motorcycle assembler reported a surge in quarterly profits.

Penang Development Corporation (PDC) has rejected an RM818 million bid by a tripartite consortium led by IJM Corporation Bhd (KL:IJM) to develop the Batu Kawan Industrial Park 2 in Penang, Free Malaysia Today (FMT) reported.

Aluminium products manufacturer Winstar Capital Bhd has launched the prospectus for its ACE Market initial public offering (IPO), aiming to raise up to RM25.88 million to purchase new machinery and equipment to expand its manufacturing capacity.

Winstar Capital launches ACE Market IPO at 35 sen per share to raise RM26 mil

The dollar rallied against major peers on Tuesday after US President-elect Donald Trump pledged tariffs on all imports from Canada and Mexico, and additional tariffs on China.

Dollar rallies, stocks retreat after Trump vows tariffs

Shares of Petronas Dagangan Bhd (KL:PETDAG) rose on Tuesday after the fuel retailer reported a jump in quarterly profits that exceeded market expectations.

Petronas Dagangan's shares rise after better-than-expected quarterly results

Six years since the financial woes of Lembaga Tabung Angkatan Tentera (LTAT) and Boustead Holdings Bhd came to light, there is still no firm plan in place to nurse either entity back to health.

Alternative Views: LTAT’s obsession with Boustead remains a puzzle

Neither the US nor China would win a trade war, the Chinese Embassy in Washington said on Monday, after US President-elect Donald Trump threatened to slap an additional 10% tariff on all Chinese imports when he takes office on Jan 20.

'No one will win a trade war,' China says after Trump tariff threat

Shares of Gas Malaysia Bhd (KL:GASMSIA) rose on Tuesday and flirted with their all-time highs after the natural gas distribution company reported record earnings that came in above consensus expectations.

Gas Malaysia shares flirt with all-time highs; analysts warn of weaker outlook after record earnings

The Federation of Investment Managers Malaysia (FIMM) recently reprimanded three former unit trust scheme (UTS) and private retirement scheme (PRS) consultants for breaching FIMM’s Consolidated Rules and Code of Ethics.

In a statement on Tuesday, the federation said a former UTS consultant at CIMB Bank Bhd, Nur Syuhaida Rozaidi, was found violating Paragraph 3.1 of FIMM’s Code and Rule 4.2.1 of the Consolidated Rules.

FIMM reprimands former consultants for misconduct

Zoom Video Communications raised its forecast for fiscal 2025 revenue and adjusted profit on Monday, anticipating robust demand for its online video conferencing software as it expands its product portfolio, and clients embrace hybrid working models.

Zoom raises annual revenue and profit forecasts, expands share repurchase

Stocks climbed with bonds while the dollar fell as traders welcomed Donald Trump’s pick of Scott Bessent for Treasury Secretary, betting the hedge-fund manager will bring a Wall Street mindset to the role.

US stocks, bonds climb on Trump’s Treasury pick

Tesla Inc’s electric vehicles (EVs) would be shut out from consumer rebates under a proposal by California Governor Gavin Newsom, pitting the prospective Democratic presidential hopeful against Republican power player Elon Musk.

Tesla excluded from EV buyer credits in California proposal

South Koreans’ outlook for the economy deteriorated at the fastest pace in more than two years in November, according to a monthly central bank survey conducted after Donald Trump’s US election victory.

South Koreans’ economic outlook frays at fastest pace since 2022

The European Union is proposing to sanction several Chinese firms that it claims helped Russian companies develop attack drones that were deployed against Ukraine. &nbsp;

EU proposes to sanction Chinese firms aiding Russian war effort

Issues surrounding the management of low-cost housing and civil servant quarters are among the topics to be discussed in the Dewan Rakyat on Tuesday.

Management of low-cost housing, govt quarters, focus of Dewan Rakyat on Tuesday

Prime Minister Datuk Seri Anwar Ibrahim held a meeting on Tuesday with tycoons from several family-owned conglomerates, locally known as 'chaebols', as part of efforts to attract more foreign direct investment (FDI) into Malaysia.

Intel expects the US government to reduce a preliminary subsidy of US$8.5 billion (RM37.95 billion) to build more chip factories, two sources familiar with the matter said on Monday, weeks after the company received a separate US$3 billion deal with the Pentagon.

Intel expects US to shave chip-making grant, Reuters reports

Global tech giants including Meta, TikTok and Google have heavily criticised Australian legislation to ban children under 16 from accessing social media platforms, setting the stage for a policy fight as the government tries to push the bill through parliament this week.