Here is a brief recap of some corporate announcements that made news on Friday: PJBumi Bhd, Joe Holding Bhd, Nylex (Malaysia) Bhd, PUC Bhd, Binasat Communications Bhd, L&P Global Bhd, Sarawak Consolidated Industries Bhd (SCIB), Malaysian Resources Corp Bhd (MRCB), Berjaya Land Bhd (BJLand), Nova MSC Bhd, Ahmad Zaki Sdn Bhd (AZSB), G Capital Bhd, KLCC Property Holdings Bhd (KLCCP), Tropicana Corp Bhd, Johor Plantations Group Bhd, Dataprep Holdings Bhd, KJTS Group Bhd, AGX Bhd, Tenaga Nasional Bhd.

PJBumi, Joe Holding, Nylex, Binasat, L&P Global, SCIB, MRCB, BJLand, Nova MSC, AZRB, G Capital, KLCC Property, Tropicana Corp, Johor Plantations, Dataprep, KJTS, AGX, TNB

Proven Venture Capital Ltd has disposed of its entire stake in PUC Bhd and ceased to be a substantial shareholder of the group, its Bursa Malaysia filing showed on Friday.

Proven Venture disposes of entire stake in PUC

Tropicana Corp Bhd has proposed to sell its Courtyard by Marriott Penang Hotel for a total cash consideration of RM165 million, to a unit of IOI Properties Group Bhd, confirming The Edge report last month.

Tropicana Corp sells its hotel in Penang to IOI Properties unit for RM165 mil 

Johor Plantations Group Bhd has inked a venture agreement with Fuji Oil Asia Pte Ltd, a subsidiary of Japan's Fuji Oil Group, to develop a specialty oils and fats refinery operating on renewable energy.

Johor Plantations inks deal with Fuji Oil Asia to develop specialty oils and fats refinery

Minetech Resources Bhd on Wednesday announced the departure of two executive directors — Azlan Shah Zainal Arif and Chin Leong Choy — from its boardroom.

Minetech Resources sees departure of two executive directors

DXN Holdings Bhd posted a 16.47% rise in net profit to RM78.36 million in the third quarter ended on Nov 30, 2024 (3QFY2024) from RM67.28 million a year ago, underpinned by higher revenue.

DXN's 3Q net profit rises 16% to RM78.36m, declares 0.9 sen dividend

Here is a brief recap of some corporate announcements that made news on Wednesday: Green Packet Bhd, Jade Marvel Group Bhd, DXN Holdings Bhd, Pavilion Real Estate Investment Trust (Pavilion REIT), Wasco Bhd, Maju Offshore Capital Sdn Bhd, Alam Maritim Resources Bhd, Malaysia Building Society Bhd (MBSB), Fajarbaru Builder Group Bhd, MISC Bhd, IHH Healthcare Bhd, Barakah Offshore Petroleum Bhd, Wentel Engineering Holdings Bhd, Betamek Bhd.

Green Packet, Jade Marvel, DXN Holdings, PavREIT, Wasco, Maju Offshore, Alam Maritim, MBSB, Fajarbaru Builder, MISC, IHH Healthcare, Barakah Offshore, Wentel Engineering, Betamek 

EVD Bhd has received a written requisition from a suspended director, Mah Seong Huak, to convene an extraordinary general meeting to remove four other company directors, its Bursa Malaysia filing showed on Wednesday.

EVD’s suspended director seeks EGM to remove four directors and appoint three others

The Shah Alam High Court has set March 27 as the auction date for five plots of land in Shah Alam belonging to Serba Dinamik Holdings Bhd.

In a filing to Bursa Malaysia on Wednesday, the troubled oil and gas services company said the auction sale of its Johor property on Jan 2 was unsuccessful, but did not elaborate.

High Court sets March 27 as auction date for Serba Dinamik’s five plots of land in Shah Alam

Malaysia Building Society Bhd (MBSB) has appointed former Kumpulan Wang Persaraan (Diperbadankan) (KWAP) CEO Datuk Wan Kamaruzzaman Wan Ahmad as its chairman with immediate effect.

His appointment confirms an earlier report by The Edge Weekly.

Former KWAP CEO Wan Kamaruzzaman appointed MBSB chairman

Pakatan Harapan-DAP’s (PH-DAP) Pang Sock Tao has emerged victorious in the Kuala Kubu Baharu (KKB) state by-election, with a 3,869-vote margin over Perikatan Nasional-Bersatu (PN-Bersatu) candidate Khairul Azhari Saut.

PH wins in Kuala Kubu Baharu by-election with a majority of 3,869 votes

New bank lending in China fell more than expected in April from the previous month, the central bank has revealed on Saturday, even as it seeks to bolster the country's economic recovery in the coming months with new stimulus measures.

China's April new bank loans fall more than expected to 730 bil yuan

Former Republican presidential candidate Nikki Haley is under active consideration by Donald Trump's campaign to be his running mate, news site Axios reported on Saturday, citing unidentified people familiar with the situation.

Trump campaign considering Nikki Haley as running mate, Axios reports

The polling process for the Kuala Kubu Baharu (KKB) state by-election, which began at 8am on Saturday, concluded at 6pm when all 18 polling centres were closed.

Polling ends, vote-tallying process begins for Kuala Kubu Baharu by-election

Embattled Chinese property developer Country Garden said in a statement on Saturday it had repaid two onshore bond coupons before the expiry of a five-day grace period, following missed payments last week.

China's Country Garden repays onshore coupons within grace period

Bursa Malaysia’s average daily trading value (ADTV) jumped 42% to RM2.9 billion in the first four months of 2024 (4M2024), showing the vibrancy of the local equity market since early this year.

Bursa's average daily trading value jumps 42% to RM2.9b in 4M2024

The Ministry of Transport (MOT) has never allowed any e-hailing service provider to use the price bidding system for passengers in the country, said Minister Anthony Loke Siew Fook.

Loke says e-hailing price bidding system never approved by MOT

Prime Minister Datuk Seri Anwar Ibrahim will undertake an official visit to Qatar from Sunday to Tuesday aimed at strengthening the long-standing relations and multifaceted cooperation between Malaysia and Qatar, said the Foreign Ministry.

Anwar to undertake official visit to Qatar from Sunday to Tuesday

A viral message claiming that Malaysia is the first Asean member country sanctioned by the US is fake, according to Communications Minister Fahmi Fadzil.

Viral message of US imposing sanctions on Malaysia is fake, says Fahmi

Polling for the Kuala Kubu Baharu (KKB) by-election saw 55.79% voter turnout as at 4pm on Saturday, as observers kept an eye on whether it could breach the 68.3% turnout seen in the 2023 Selangor state polls.

Kuala Kubu Baharu by-election: 55.79% turnout at 4pm

Long considered a tech hinterland, Southeast Asia is fast emerging as a centre of gravity for the industry.

Tech giants starting to treat Southeast Asia like next big thing, Bloomberg reports

A news report attributed to Reuters that Malaysia is the first country in Southeast Asia to be listed by the US as a state sponsor of terror is false.&nbsp;

Reuters says report on Malaysia listed as state sponsor of terror is false

Digital business solutions provider Cuscapi Bhd (KL:CUSCAPI) said Securities Commission Malaysia has approved its associate company MX Global Sdn Bhd to facilitate the trading of the Worldcoin (WLD) token on digital asset exchanges recognised by the SC.

Cuscapi says SC has okayed trading of Worldcoin on digital asset exchanges in Malaysia

RHB Bank Bhd (KL:RHBBANK) had gone through a challenging year in 2023, as the banking industry was busy defending narrowing net interest margins amid high funding costs as lenders competed fiercely for deposits.

RHB pushes hard for desired growth

Polling for the Kuala Kubu Baharu (KKB) by-election saw 55.79% voter turnout as at 4pm on Saturday, as observers kept an eye on whether it could breach the 68.3% turnout seen in the 2023 Selangor state polls.

Pakatan Harapan-DAP’s (PH-DAP) Pang Sock Tao has emerged victorious in the Kuala Kubu Baharu (KKB) state by-election,&nbsp;with a&nbsp;3,869-vote margin over Perikatan Nasional-Bersatu (PN-Bersatu) candidate Khairul Azhari Saut.

Invest Selangor Bhd is eyeing up to RM7 billion in potential transaction value from the Selangor International Business Summit (SIBS) this year.

Invest Selangor eyes RM7b transaction value from SIBS 2024

Bursa Malaysia’s average daily trading value (ADTV) jumped 42% to RM2.9 billion in the first four months of 2024 (4M2024), showing the vibrancy of the local equity&nbsp;market since early this year.

The Ministry of Transport (MOT) has never allowed any e-hailing&nbsp;service provider to use the price bidding system for passengers in the country, said Minister Anthony Loke Siew Fook.

A viral message claiming that Malaysia is the first Asean member country sanctioned by the US is fake, according to Communications Minister Fahmi Fadzil.

The polling process for the Kuala Kubu Baharu (KKB) state by-election, which began at 8am on Saturday, concluded at 6pm when all 18 polling centres were closed.

The Kuala Kubu Baharu by-election results will be known as early as 9pm on Saturday, said Election Commission (EC) deputy chairman Dr Azmi Sharom.

Kuala Kubu Baharu by-election results expected to be known as early as 9pm

Prime Minister Datuk Seri Anwar Ibrahim will undertake an official visit to Qatar from Sunday to Tuesday aimed at strengthening&nbsp;the long-standing relations and multifaceted cooperation between Malaysia and Qatar, said the Foreign Ministry.

China’s consumer inflation quickened in April, holding above zero for a third month, while industrial prices extended a long decline that highlights weak demand in the economy. &nbsp;

China's consumer inflation edges up, factory prices extend slump

Embattled Chinese property developer Country Garden said in a statement on Saturday it had repaid two onshore bond coupons before the expiry of a five-day grace period, following missed payments last week.

New bank lending in&nbsp;China&nbsp;fell more than expected in April from the previous month, the central bank has revealed on Saturday, even as it seeks to bolster the country's economic recovery in the coming months with new stimulus measures.

Former Republican presidential candidate Nikki Haley is under active consideration by Donald Trump's campaign to be his running mate, news site Axios reported on Saturday, citing unidentified people familiar with the situation.

Once again, US economic and market forecasters are having a difficult time. Worse, while 2023 surprised on the upside, the deviation from projections in 2024 could be much less favorable.

Recall the start of 2023. Forecasters had overwhelmingly anticipated a difficult year for economic ...

Sulhi Khalid

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