Handal Energy Bhd has been without a substantial shareholder since Aug 9. The company has seen boardroom changes, however, and proposed a placement that would result in its existing shareholding rising 40% and the issuance of warrants.

Frankly Speaking: Who is in control at Handal?

Last week, Penang-based Ewein Bhd announced that it was buying a 3.9ha piece of vacant freehold land in Seberang Perai Tengah, Penang, from two individuals, Tan Hong Soon and Tan Kean Hock, for RM39.77 million, which works out to about RM94 psf.

Frankly Speaking: Ewein’s purchase needs clarity

Opcom Holdings Bhd’s purchase of an 18.03% stake in Binasat Communications Bhd seems to suggest that there could be more to what has been announced.

Frankly Speaking: Opcom’s baffling buy into Binasat

Indonesia’s parliament approved a US$216 billion budget for 2024 last week — the last budget under President Joko Widodo (Jokowi), who is stepping down next year after two terms in power.

Frankly Speaking: Petrol subsidy cuts: If others can, why can’t we?

Last Tuesday, Dataprep Holdings Bhd and five of its directors were reprimanded for breaching listing requirements over the company’s reply to an unusual market activity (UMA) query in March 2021.

Frankly Speaking: Bursa disclosures are a serious matter

Last Thursday (Sept 14), Bursa Malaysia Securities Bhd publicly reprimanded and imposed a fine of RM350,000 on RHB Investment Bank Bhd (RHB IB) for two breaches of the listing requirements, which led to the rejection of the proposed initial public offering (IPO) of an ACE Market applicant, for which the bank was the sponsor and principal adviser.

Frankly Speaking: Costly oversight

Last week, Kota Melaka member of parliament Khoo Poay Tiong raised the issue of some employers’ inability to receive foreign worker permits after paying for the permit extension on My EG Services Bhd’s (MyEG) website. Even worse, they also face problems seeking a refund.

Frankly Speaking: Silence is not golden

When debt-laden Boustead Holdings Bhd (BHB), which is now wholly owned by Lembaga Tabung Angkatan Tentera (LTAT), decided to sell a stake in its plantation subsidiary, it undertook a competitive process.

Frankly Speaking: Keep politics out of BPlant deal

In the mid-term review of the 12th Malaysia Plan (12MP), Prime Minister Datuk Seri Anwar Ibrahim shared 17 measures which are slated to be implemented through 71 strategies, all aimed at stimulating the country’s economic development. In a nutshell, the broad-based plan aims to increase the expenditure ceiling by RM15 billion to RM415 billion, specifically for the reallocation of subsidies covering basic needs, among others.

Frankly Speaking: Speed and execution crucial for 12MP

From the time of Malaysia’s formation 60 years ago, one quality that has characterised our country is its diversity. Starting with the colourful mix of Malaya’s three main ethnic groups at independence, our founding fathers reached across the South China Sea to embrace the indigenous peoples of Sabah and Sarawak in the fold of a new nation. Thus was forged Malaysia’s destiny.

Frankly Speaking: Diversity is our nation’s lifeblood

A day after KNM Group Bhd’s share price surged to a multi-year peak, its trading volume swelled to a record high of 804 million shares.

Frankly Speaking: KNM comes under the spotlight again

The rise in Bursa Malaysia bellwether the FBM KLCI in the last two months has sparked optimism in investors that better days are ahead.

Frankly Speaking: Divergent signals from stock market and economy

Funds under the management of Kumpulan Wang Amanah Pencen (KWAP) are close to the RM200 billion mark. But KWAP’s fund size belies the growing federal government pension liability.

Frankly Speaking: Can KWAP fund government’s pension bill?

Independent adviser to Fitters Diversified Bhd’s minority shareholders, Wyncorp Advisory Sdn Bhd, revealed last week that the safety equipment manufacturer’s acquisition of 4.54% of Computer Forms (M) Bhd (CFM) for RM26.44 million and 4.78% of CFM’s warrants for RM8.33 million on March 7 and 8 this year — which resulted in a loss of RM26.19 million when sold more than a week later on March 14 to 22 — were “not reasonable and detrimental to the non-interested shareholders of Fitters”, which should give minority shareholders some comfort.

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