Autopart distributor MSB Global Group Bhd (KL:MSB) dropped 15% on its ACE Market debut, closing at 17 sen, down from its initial public offering (IPO) price of 20 sen per share. It is the sixth ACE Market listing since March to close below its IPO price.

MSB Global ends lower on ACE Market debut, the sixth straight listing to do so since March

SumiSaujana Group Bhd (KL:SUMI) on Wednesday staged the worst debut on Bursa Malaysia in five years as the specialty chemicals manufacturer charged into markets shaken by US President Donald Trump’s tariffs.

SumiSaujana falls on Bursa debut as Trump policy roils markets

KUALA LUMPUR (April 9): Specialty chemicals manufacturer SumiSaujana Group Bhd (KL:SUMI) announced on Wednesday that it will continue its overseas expansion into the Middle East and North America, amid fears of a global trade war.

SumiSaujana to stay the course on overseas expansion amid global trade war fears — chairman

KUALA LUMPUR (March 28): Bus operator HI Mobility Bhd (KL:HI) kicked off its first ever day on the Main Market modestly higher, snapping a series of debut flops on Bursa Malaysia.

Hi Mobility makes modest 9% gain on Main Market debut

Shares of Shah Alam-based WF Holding Ltd fell below the initial public offering (IPO) price in their Nasdaq debut on Thursday.

The stock closed at US$3.75, a 6.25% discount from its IPO price of US$4 per share, after raising US$8 million (RM35.42 million) before deducting underwriting fees and expenses. At the closing price, the company had a market capitalisation of US$93.56 million or RM414.19 million.

Selangor fibreglass plastic maker WF Holding breaks below IPO price on Nasdaq listing day

Newly listed bus operator HI Mobility Bhd (KL:HI) said on Friday that it is optimistic of securing an extension of its free bus service contract in Johor.

HI Mobility in active talks to extend Johor free bus service contract — CEO

Chemlite Innovation Bhd (KL:CLITE) ended its first day on the ACE Market underwater, the fifth consecutive listing on Bursa Malaysia to stumble on its debut.

Chemlite dips on ACE Market debut, extends listing flops

Chemlite Innovation Bhd (KL:CLITE), the latest in a string of listings to have seen first-day dips in share price, is unfazed by its weak debut, preferring to focus on expanding its business and improving efficiency for long-term value.

Chemlite unfazed by ACE Market debut dip, focused on long-term value creation

Construction services firm Wawasan Dengkil Holdings Bhd (KL:DENGKIL) fell nearly immediately below its initial public offering (IPO) price in its ACE Market trading debut on Tuesday.

Wawasan Dengkil slips after flat open on ACE Market debut

Lim Seong Hai Capital Bhd (KL:LSH) made a lacklustre debut on its first day of trading on the ACE Market, becoming the third new listing this year to close below its initial public offering (IPO) price.

Lim Seong Hai Capital closes 5.7% lower on ACE Market debut

Saliran Group Bhd (KL:SALIRAN) eked out tiny gains in its first ever trade on the ACE Market before falling below its initial public offering price (IPO) less than a second later.

Saliran Group turns lower immediately after ekeing out tiny gain in first ever trade on ACE Market

Pantech Global Bhd (KL:PGLOBAL) made a lacklustre debut on the local bourse on Monday, becoming the first new listing this year to close below its initial offering price (IPO) on the first trading day.

Pantech Global closes 15.4% below IPO price on Main Market debut

Mixue Group, China’s largest bubble-tea chain, surged in its Hong Kong trading debut after individual investors flocked to the company’s blockbuster HK$3.45 billion (US$444 million or RM1.9 billion) initial public offering.

Bubble-tea giant Mixue surges 43% after HK’s biggest IPO of year 

Pantech Global Bhd (KL:PGLOBAL) said on Monday its US clients continued to place orders from the newly listed steel pipe manufacturer despite new import tariffs.

Pantech Global says US business unaffected by tariffs for now, demand still resilient

Meta CEO Mark Zuckerberg made a key concession at a US antitrust trial on Tuesday, saying he bought Instagram because it had a "better" camera than the one his company was trying to build for flagship app Facebook at the time.

At US antitrust trial, Meta's Zuckerberg admits he bought Instagram because it was 'better' 

Fraser & Neave Holdings Bhd (KL:F&N) marked a milestone with its first batch of 2,500 dairy heifers from Chile at its integrated dairy farm in Gemas, Negeri Sembilan.

F&N's first batch of 2,500 Chilean dairy cattles arrives in Gemas farm

OpenAI is working on its own X-like social media network, the Verge reported on Tuesday, citing multiple sources familiar with the matter.

OpenAI is working on X-like social media platform — report

Canadian Prime Minister Mark Carney said his government will allow automakers to import US-manufactured cars and trucks without tariffs, as long as the companies keep making vehicles in Canada.

Canada scraps tariffs for automakers that keep plants running

US importers looking to sidestep Trump administration tariffs are desperately seeking space in a type of warehouse that lets them stash merchandise for as long as five years without paying duties.

Trump trade war sparks run on US warehouses with tariff loophole

US consumer spending has benefited from strong wage growth and low unemployment so far, but it faces huge risks, bank executives warned, if the upheaval sparked by President Donald Trump's trade policy persists.

US banks flag risks to consumer spending from tariff policy uncertainties

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

Petronas Gas, RHB Bank, Lien Hoe, Mayu Global, Binastra, Skygate, Tomei, Binasat, Aurelius Technologies, Kerjaya Prospek, Scope Industries, Keyfield International, Bank Rakyat

Apple's main India suppliers Foxconn and Tata shipped nearly US$2 billion (RM8.83 billion) worth of iPhones to the US in March, an all-time high, as the US company airlifted devices to bypass President Donald Trump's impending tariffs, customs data shows.

Apple airlifted iPhones worth a record US$2 bil from India in March as Trump tariffs loomed

LONDON (April 15): European credit ratings agency Scope has warned that the United States could be downgraded if a lengthy trade war erodes long-term trust in the dollar, or if President Donald Trump implements even more extreme measures such as capital controls.

The fallout from Trump'...

European rating agency Scope sends US downgrade warning

The first phase of the 2025 PKR election, involving the Angkatan Muda Keadilan (AMK) and Women's Division levels, has been completed. 

The party polls were held in seven states from last Friday to Sunday, said Party Election Committee (JPP) chairperson Datuk Seri Dr Zaliha Mustafa.

First phase of PKR election completed, focus shifts to second phase — Zaliha

The High Court here increased to RM10,000, from the RM5,000 fine imposed by a Magistrate against a former president of Universiti Malaya Association of New Youth (Umany) for insulting the university’s vice-chancellor by staging a protest during a convocation ceremony in 2019.

High Court doubles fine to RM10,000 for former UM student activist for insulting vice-chancellor

China hopes to begin another “50 golden years” in its bilateral relations with Malaysia, said President Xi Jinping, as he begins his three-day visit here for the first time in 12 years as part of his Asean tour.

China sees another ‘50 golden years’ with Malaysia, says Xi

RHB Bank Bhd (KL:RHBBANK),&nbsp;the country's fourth-largest lender by assets, has been named as the third defendant in a RM313.08 million lawsuit filed by Prismaworld Embassyview Sdn Bhd in the Kuala Lumpur High Court.

RHB confirms named as defendant in RM313m Taman U-Thant suit, to contest claims

The restoration of gas supply in Putra Heights, Subang Jaya — where a massive blaze took place two weeks ago after a pipeline leak — is currently estimated to take place no earlier than July 1, said Petronas Gas Bhd (KL:PETGAS).

Gas supply restoration in Putra Heights expected by July 1 at the earliest, says Petronas Gas

Chinese President Xi Jinping arrived in Malaysia on Tuesday for a three-day state visit at the invitation of the King,&nbsp;Sultan Ibrahim Sultan Iskandar.

China's Xi arrives in Malaysia for three-day state visit

China is "tearing down walls" and expanding its circle of trading partners, "shaking hands" instead of "shaking fists", its foreign ministry said on Tuesday, as Beijing works on diversifying ties amid an escalating trade war with the US.

China says it is 'tearing down walls' to expand trade alliances amid US stand-off

Signature Alliance Group Bhd, a subsidiary of kitchen and wardrobe maker Signature International Bhd (KL:SIGN), has secured M&amp;A Securities Sdn Bhd and Affin Hwang Investment Bank Bhd as the underwriters for its initial public offering on the ACE Market of Bursa Malaysia.

M&A Securities, Affin Hwang to underwrite Signature Alliance Group's IPO

Investor sentiment regarding economic prospects is the most negative in three decades, yet fund managers’ pessimism isn’t fully reflected in their asset allocation which could mean more losses for US stocks, a Bank of America Corp survey shows.

Investors haven’t been this bearish in 30 years, BofA poll shows

Lien Hoe Corp Bhd (KL:LIENHOE) announced that its audited accounts for the financial year ended Dec 31, 2024 (FY2024) raised a material uncertainty related to its ability to continue as a going concern, according to its independent auditors, UHY Malaysia PLT.&nbsp;

Lien Hoe’s independent auditors raise going concern doubts following FY2024 audit

Former 1Malaysia Development Bhd (1MDB) CEO Arul Kanda Kandasamy said it was within his rights to comment publicly about the company in 2018, even when he was on garden leave.

Arul Kanda denies breaching 1MDB duty with public remarks

Honda is considering switching some car production from Mexico and Canada to the United States, aiming for 90% of cars sold in the country to be made locally in response to new US auto tariffs, the Nikkei newspaper reported on Tuesday.

Honda to make 90% of US sales locally by relocating Mexico, Canada production — report

Bank Rakyat has appointed Ahmad Shahril Mohd Shariff as its new chief executive officer (CEO), effective April 9.

Ahmad Shahril has been serving as the acting CEO of the bank since Nov 9, 2024, following the resignation of Datuk Mohammad Hanis Osman, who held the top job for nearly three years from July 2022.

Ahmad Shahril appointed as Bank Rakyat CEO

Binasat Communications Bhd (KL:BINACOM) said a RM13.2 million civil works contract involving a high-voltage substation in Kuala Lumpur that was awarded to the group late last year has been terminated.

Binasat loses civil works job for Amazon-linked KL substation project

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

The federal government has approved an allocation of RM16.45 billion for the setting up of a helicopter assembly factory at the Melaka International Airport (LTAM) in Batu Berendam here, said Chief Minister Datuk Seri Ab Rauf Yusoh.

Putrajaya has greenlit RM16.4b helicopter assembly plant in Melaka, says CM

Skygate Solutions Bhd (KL:SKYGATE), formerly Ewein Bhd, is buying a 51% stake in Leader Range Technology (LRT) for RM10.71 million in cash. In a share sale agreement signed on Tuesday, Skygate said it will acquire 255,003 shares from founder and managing director Ong Chee Fui and Kumpulan Modal Perdana Sdn Bhd (KMP), along with all preference shares held by KMP.

Skygate Solutions buys 51% stake in engineering firm from MOF Inc unit and founder for RM10.7m

China has ordered its airlines not to take any further deliveries of Boeing jets in response to the US decision to impose 145% tariffs on Chinese goods, Bloomberg News reported on Tuesday, citing people familiar with the matter.

China orders airlines to suspend Boeing jet deliveries amid trade war — Bloomberg News 

Binastra Corp Bhd (KL:BNASTRA) has secured two construction contracts worth a combined RM458.5 million to build serviced apartments along Jalan Kebun Teh in Johor Bahru, Johor.

Binastra bags two serviced apartment contracts in JB worth RM459 mil

The US economy is set to lose billions of dollars in revenue in 2025 from a pullback in foreign tourism and boycotts of American products, adding to a growing list of headwinds keeping recession risk elevated.

US economy set to lose billions as foreign tourists stay away 

Malaysian oil and gas services firm Keyfield International Bhd (KL:KEYFIELD) is buying a new long cable-laying barge for US$20.55 million (RM90.8 million) cash, which it will then charter out for a year for US$9.1 million.

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