Gets Global Bhd, whose share price spiked 167% within a month, said its largest shareholder Datuk Che Azizuddin Che Ismail disposed of a 24% stake in the express bus service company today. 

The stake, comprising 30.24 million shares, was held by him through Arca Company Sdn Bhd.

Che Azizuddin sells 24% stake in Gets Global; Teong Lian Aik emerges as largest shareholder

KUALA LUMPUR (April 23): Businessman Tan Chean Suan has emerged as a substantial shareholder of Censof Holdings Bhd, after acquiring a 5.35% stake in the tech company. 

A filing by the company with Bursa Malaysia said Tan bought the stake, comprising 26.82 million shares, in the open market yesterday.

Businessman Tan Chean Suan buys 5.35% stake in Censof

KUALA LUMPUR (May 17): The Employees Provident Fund (EPF) has ceased to be a substantial shareholder of Sapura Energy Bhd, a Bursa Malaysia filing showed today.

In the filing, it said EPF had ceased to be a substantial shareholder on May 8, after it disposed of 10 million shares at RM1 ...

EPF ceases to be Sapura Energy's substantial shareholder

KUALA LUMPUR (May 16): Berjaya Corp Bhd founder and executive chairman Tan Sri Vincent Tan Chee Yioun has emerged as a substantial shareholder of T7 Global Bhd with the acquisition of 21 million shares or a 5.04% stake.

In a filing with Bursa Malaysia today, T7 Global said the tycoon ha...

Vincent Tan emerges as T7 Global's substantial shareholder

KUALA LUMPUR (Dec 11): Ceramic tiles maker Johan Holdings Bhd, which is controlled by its chairman and chief executive Tan Sri Tan Kay Hock — who also controls George Kent (M) Bhd — saw 144.51 million shares cross off-market today, representing a 23.2% stake of its overall outstanding shares of 6...

Johan Holdings saw 23% shares cross off-market

KUALA LUMPUR (Feb 6): Canadian institutional investor British Columbia Investment Management Corp has emerged as a substantial shareholder of Red Sena Bhd, a special purpose acquisition company or SPAC looking to buy assets in the processed food and beverage industry.

According to Bursa...

British Columbia Investment Management now a substantial shareholder in Red Sena

KUALA LUMPUR (Dec 28): Penang property magnate Tan Sri Ooi Kee Liang has emerged as the third largest shareholder in steelmaker Tatt Giap Group Bhd after acquiring a 7.62% stake from its founder and executive chairman, Datuk Siah Kok Poay.

Ooi, who is executive chairman of Ideal Propert...

Ideal Property chairman emerges substantial shareholder in Tatt Giap

KUALA LUMPUR (Nov 29): Loss-making Sterling Progress Bhd saw 12.29 million shares cross off-market today, representing a 4.4% stake in the company.

According to Bloomberg data, the shares were transacted in one block and worth a total of RM2.21 million. The transaction was carried out a...

Sterling Progress sees 4.4% stake traded off-market

KUALA LUMPUR (Dec 12): Kenanga Investment Bank Bhd (Kenanga IB) saw some 53.76 million shares, representing a 7.44% stake, cross off-market today.

According to Bloomberg data, the shares crossed in two blocks at 52 sen apiece — a 4.59% discount to the last traded price of the s...

Kenanga Investment Bank sees 7.44% stake traded off-market

KUALA LUMPUR (Dec 12): Loss-making China-based shoes and garments manufacturer Maxwell International Holdings Bhd saw some 17 million shares, representing a 4.26% stake, traded off market today. 

Bloomberg data showed the shares were crossed in a single trade at two sen ap...

4.26% stake in Maxwell traded off-market

KUALA LUMPUR (Dec 11): Boon Koon Group Bhd saw 25.04 million shares, representing 8.74% stake in the company, crossed off-market today.

Bloomberg data showed the shares were traded in a single block at 33.5 sen per share – a 31.6% discount to its closing price of 49 sen on the open...

8.7% stake in Boon Koon traded off-market

KUALA LUMPUR (Dec 6): The sultan of Johor, Sultan Ibrahim ibni Almarhum Sultan Iskandar, has further raised his stake in 7-Eleven Malaysia Holdings Bhd to 15.52% on Nov 16, from 9.84%.

A filing with Bursa Malaysia today showed Sultan Ibrahim acquired 63.08 million shares, bringing his t...

Johor ruler further raises stake in 7-Eleven to 15.52%

KUALA LUMPUR (Nov 10): Kumpulan Wang Persaraan (Diperbadankan) (KWAP) has raised its stake in VS Industry Bhd to a substantial 5.3%.

In a filing to Bursa Malaysia today, VS Industry said KWAP had purchased 1.96 million of its shares on Nov 7 and a further 2.7 million shares on Nov 8, br...

KWAP increases stake in VS Industry to 5.3%

KUALA LUMPUR (Oct 2): The Sultan of Johor, Sultan Ibrahim Sultan Iskandar, has emerged as a substantial shareholder of Berjaya Assets Bhd (BAssets) with a 10.09% direct stake.

According to a filing with Bursa Malaysia today, the Johor ruler bought 80 million shares or a 6.7% stake in BA...

Johor Sultan surfaces as BAssets substantial shareholder

SARAWAK expects to formalise a deal to raise its stake in Affin Bank Bhd to about 30% in about a month, according to the state’s premier Tan Sri Abang Johari Openg.

In an exclusive interview with The Edge in Kuala Lumpur last Friday (July 19), Abang Johari said the state is committed to...

Premier: Sarawak expects to ink S&P on Affin Bank deal in a month

Treasuries are rising at the end of a volatile week as the Federal Reserve’s favourite inflation gauge cemented traders’ expectations for an interest-rate cut in September.

The advance pushed yields lower across the curve on Friday, with two- and 10-year yields down by about five basis points (bps) to 4.38% and 4.2%, respectively.

Treasuries rally as data points to a September rate cut

The developer of a supertall condo tower in Miami’s Brickell neighbourhood has hired a new sales team after ousting an embattled real estate brokerage from the project.

One Sotheby’s International Realty has taken over marketing at 888 Brickell Dolce & Gabbana Miami, JDS Development’s pre-construction building overlooking Biscayne Bay in the city’s financial centre.

Miami condo tower moves on from brokers facing rape allegations

Deputy Prime Minister Datuk Seri Fadillah Yusof paid a courtesy visit to Vietnamese Prime Minister Pham Minh Chinh on Friday.

"During the meeting with His Excellency, I reaffirmed the commitment of the prime minister and the Malaysian government to continue strengthening cooperation between Malaysia and Vietnam," he said in a post on the social media platform X.

Deputy PM Fadillah pays courtesy visit to Vietnamese PM, strengthens bilateral cooperation

Wall Street bounced back on Friday as megacap tech and chip stocks recovered from the week's pummeling, while a largely in-line key inflation reading kept bets for an early start to interest-rate cuts alive.

Wall Street rebounds on tech recovery, small caps jump after benign inflation data

Malaysia has urged dialogue partners attending the Asean Post-Ministerial Conference in Laos to support a ceasefire in Gaza and end the brutal killings of Palestinians.

Foreign Minister Datuk Seri Mohamad Hasan said Malaysia, along with Indonesia and Brunei, brought forward this motion during the meeting at the National Convention Centre (NCC) here.

Malaysia urges Asean dialogue partners to support ceasefire in Gaza

US authorities filed criminal and civil charges against prominent activist short seller Andrew Left for an alleged long-running market manipulation scheme involving bets on stocks including Nvidia and Tesla, they said on Friday.

US charges Citron's Andrew Left over alleged multi-million fraud scheme

Malaysia, as the country coordinator for Asean-China Dialogue Relations, will intensify efforts to finalise the Code of Conduct in the South China Sea, said Foreign Minister Datuk Seri Mohamad Hasan.

He said Malaysia, which assumed the role of country coordinator this year, aims to establish a code of conduct accepted by all parties.

Malaysia steps up efforts to finalise South China Sea code of conduct

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

AirAsia X, Capital A, Hibiscus, Dagang NeXchange, ViTrox, Ekovest, Knusford, Alam Maritim, Datasonic, Kumpulan Kitacon, DXN, Homeritz, Westport, MGRC 

VIENTIANE (July 26): The Asean Post Ministerial Conference kicked off in the Laos capital here on Friday, as Asean foreign ministers engaged with top diplomats from dialogue partners to discuss various regional and international issues of common interest.

Asean Post Ministerial Conference kicks off in Laos; regional, global issues in focus

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

Ekovest Bhd (KL:EKOVEST) said it has agreed to a further extension of time to discuss a merger between its wholly owned subsidiary Ekovest Construction Sdn Bhd (ECSB) and Knusford Bhd (KL:KNUSFOR).

Ekovest agrees to six-month extension for merger discussion between subsidiary and Knusford

US prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services, underscoring an improving inflation environment that could position the Federal Reserve to begin cutting interest rates in September.

US inflation rises moderately, consumer spending cools

Here’s a quick look at some of the stories that made headlines today.

EVENING 5: Five things you need to know today

The prestigious five-star Lexis Hibiscus 2 luxury resort is currently under construction by the KL Metro Group and is expected to be completed by 2029, said Negeri Sembilan Menteri Besar Datuk Seri Aminuddin Harun.

Construction of RM1.6 bil GDV Lexis Hibiscus 2 resort will be completed in 2029

Practice Note 17 (PN17) company Alam Maritim Resources Bhd (KL:ALAM) has announced its regularisation plan, which includes a share capital reduction of RM440 million, 10-to-one share consolidation, an issuance of renounceable rights shares with warrants and a scheme of arrangement with its creditors.

Alam Maritim submits regularisation plan to exit PN17 status

Health and wellness direct selling company DXN Holdings Bhd (KL:DXN) said on Friday its net profit rose 10.26% in the first quarter from a year earlier due to higher revenue recognised from overall operating segments.&nbsp;

DXN Holdings 1Q net profit up 10.26%, targets market presence in Zambia, Ghana  

Wall Street bounced back on Friday as megacap tech and chip stocks recovered from the week's pummeling, while a largely in-line key inflation reading kept bets for an early start to interest-rate cuts alive.

Upholstery furniture products manufacturer Homeritz Corp Bhd’s (KL:HOMERIZ) net profit surged 46.37% in the third quarter from a year earlier, thanks to higher sales volume and stronger US dollar. &nbsp;

Net profit for three months ended May 31, 2024 (3QFY2024) climbed to RM9.09 million or earnings per share of 1.96 sen, from RM6.21 million or 1.34 sen per share recorded in 3QFY2023. &nbsp;

Homeritz’s 3Q net profit soars 46.37% on higher sales and strong greenback

Cyberview Sdn Bhd has signed three Memoranda of Understanding (MOUs) with three companies to make Cyberjaya a global technology hub.

Chief executive officer Kamarul Ariffin Abdul Samad said the companies involved were Permodalan Negeri Selangor Bhd (PNSB), Selangor Information Technology &amp; Digital Economy Corporation (SIDEC) and digital infrastructure company Equinix Malaysia.

Cyberview signs three MOUs to make Cyberjaya a global technology hub

The developer of a supertall condo tower in Miami’s Brickell neighbourhood has hired a new sales team after ousting an embattled real estate brokerage from the project.

One Sotheby’s International Realty has taken over marketing at 888 Brickell Dolce &amp; Gabbana Miami, JDS Development’s pre-construction building overlooking Biscayne Bay in the city’s financial centre.&nbsp;

SARAWAK expects to formalise a deal to raise its stake in Affin Bank Bhd to about 30% in about a month, according to the state’s premier Tan Sri Abang Johari Openg.

In an exclusive interview with The Edge in Kuala Lumpur last Friday (July 19), Abang Johari said the state is committed to...

Deputy Prime Minister Datuk Seri Fadillah Yusof paid a courtesy visit to Vietnamese Prime Minister Pham Minh Chinh on Friday.

"During the meeting with His Excellency, I reaffirmed the commitment of the prime minister and the Malaysian government to continue strengthening cooperation between Malaysia and Vietnam," he said in a post on the social media platform X.

Kumpulan Kitacon Bhd (KL:KITACON) has secured a RM54.5 million contract to undertake the construction of 186 terrace houses in Rawang, Selangor.

Kumpulan Kitacon bags RM54.5m job to build houses in Rawang

Treasuries are rising at the end of a volatile week as the Federal Reserve’s favourite inflation gauge cemented traders’ expectations for an interest-rate cut in September.

The advance pushed yields lower across the curve on Friday, with two- and 10-year yields down by about five basis points (bps) to 4.38% and 4.2%, respectively.

Penang Port Sdn Bhd (Penang Port) on Friday announced the acquisition of five Kalmar container handling machines to optimise operations and improve service levels.

Penang Port acquires Kalmar container handling equipment to enhance services

US authorities filed criminal and civil charges against prominent activist short seller Andrew Left for an alleged long-running market manipulation scheme involving bets on stocks including Nvidia and Tesla, they said on Friday.

Malaysia, as the country coordinator for Asean-China Dialogue Relations, will intensify efforts to finalise the Code of Conduct in the South China Sea, said Foreign Minister Datuk Seri Mohamad Hasan.

He said Malaysia, which assumed the role of country coordinator this year, aims to establish a code of conduct accepted by all parties.

Hungary will face fuel shortages from September if full Russian oil flows are not restored, a government official said on Friday, accusing Ukraine of blackmailing it by partially suspending supplies.

Eastern European Union (EU) members Slovakia and Hungary have been hit by a stop in flows from Russian group Lukoil coming via Ukraine after sanctions were imposed on the company.

Hungary says it will face fuel shortages from September without Lukoil supplies

A new recruitment of 3,950 staff, comprising 3,200 medical officers, 350 dental officers and 400 pharmacy officers, will be made through contract (interim) appointments, the Ministry of Health (MOH) said.

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