Petronas Dagangan Bhd (PetDag) reported a 16% increase in its net profit for the second quarter ended June 30, 2023 (2QFY2023) to RM275.71 million or 27.80 sen per share, from RM237.68 million or 23.90 sen per share a year ago.

PetDag 2Q net profit rises 16%, declares 18 sen dividend

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 (March 23): Fitters Diversified Bhd saw Datuk Ho Shu Keong, its independent non-executive director appointed in July 2019, emerge as substantial shareholder in the fire-fighting systems specialist, after he acquired 10 million shares representing a 2.3% stake on March 20.

Fitters Diversified, PRG

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 (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): 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 (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%

Russia attacked Ukraine's energy system and some cities with cruise and ballistic missiles plus drones on Wednesday in an "inhuman" Christmas Day assault, Ukraine's President Volodymyr Zelenskiy said.

Russia launches 'inhuman' Christmas Day attacks, Ukraine says

Talks between China and Japan's foreign ministers in Beijing have paved way for Japan to host China's foreign affairs chief next year, and mutual agreement to hold a security dialogue as soon as possible, Japan said on Wednesday.

China, Japan foreign ministers agree visit, security dialogue

Japan's Nippon Steel is seeing support for its proposal to acquire US Steel in the regions of the US where steel mills are located, Nippon Steel's President Tadashi Imai told reporters on Wednesday.

Nippon Steel's US Steel takeover plan has support in steelmaking areas, executive says

China refrained from cutting the interest rate and drained the most cash since 2014 with a one-year policy tool, keeping its powder dry ahead of possible escalation in trade tensions with the US next year.

China avoids rate cut to keep ammunition for future pressure

South Korea's suspended President Yoon Suk Yeol did not respond on Wednesday to a second summons by anti-corruption authorities who, along with prosecutors, are investigating his short-lived martial law decree issued early this month.

South Korea's Yoon defies second agency summons over martial law

An Embraer passenger plane flying from Azerbaijan to Russia crashed near the city of Aktau in Kazakhstan on Wednesday with 62 passengers and five crew on board, Kazakh authorities announced, saying that 32 people had survived.

Azerbaijan Airlines plane crashes in Kazakhstan, many feared dead

The price of a litre of RON95 petrol will remain unchanged at RM2.05, while the retail price of RON97 will increase by three sen from RM3.22 per litre to RM3.25 per litre from Thursday to Jan 1, 2025.

RON95, diesel prices unchanged, RON97 up three sen

China stocks closed roughly flat on Wednesday, as gains in energy shares offset losses in small-cap shares, while the Hong Kong market was closed for a public holiday.

China stocks close flat, energy gains offset small-cap losses

Japan's Nikkei share average reversed early losses to end higher on Wednesday, driven by gains in the auto sector although trade was dominated by retail investors, who bought back cheap stocks in muted trade with many global markets closed for the holidays.

Japan's Nikkei reverses course, ends higher as autos rise

Prime Minister Datuk Seri Anwar Ibrahim has assured that the Madani government will provide full cooperation if efforts to locate Malaysia Airlines flight MH370 yield results.

Anwar: Govt will fully cooperate if MH370 search yields results

Private equity firms KKR and Bain Capital each offered more than US$5 billion (RM22.44 billion) in first-round bids for the non-core assets of Japan's Seven &amp; i Holdings, according to people familiar with the matter.

KKR and Bain each bid more than US$5b for Seven & i assets — Reuters

ON Dec 7, Notre-Dame de Paris, the iconic 12th-century medieval cathedral in the French capital, reopened its doors five years after a devastating fire destroyed its roof and spire. US president-elect Donald Trump, current First Lady Jill Biden, England’s Prince William, Ukraine President Volodym...

Tech: LVMH, Kering, Hermès and the luxury sector consolidation

An Embraer passenger plane flying from Azerbaijan to Russia crashed near the city of Aktau in Kazakhstan on Wednesday with 62 passengers and five crew on board, Kazakh authorities announced, saying that 32 people had survived.

South Korea's suspended President Yoon Suk Yeol did not respond on Wednesday to a second summons by anti-corruption authorities who, along with prosecutors, are investigating his short-lived martial law decree issued early this month.

Prime Minister Datuk Seri Anwar Ibrahim has assured that the Madani government will provide full cooperation if efforts to locate Malaysia Airlines flight MH370 yield results.

RADIANT Globaltech Bhd (KL:RGTECH), an ACE Market-­listed technology firm, is in the midst of acquiring an 80% stake in Rymnet Solutions Sdn Bhd for RM52.5 million. This strategic acquisition is aimed at enhancing its existing IT solutions by integrating human resources (HR) management system mod...

Rymnet to drive half of Radiant Globaltech’s future profits

Taiwan has rejected Uber Technologies Inc’s plan to acquire Delivery Hero SE’s Foodpanda local business for US$950 million (RM4.26 billion), the official Central News Agency reported.

Taiwan blocks Uber purchase of Delivery Hero’s arm — report

Talks between China and Japan's foreign ministers in Beijing have paved way for Japan to host China's foreign affairs chief next year, and mutual agreement to hold a security dialogue as soon as possible, Japan said on Wednesday.

Bangladesh authorities are investigating Singaporean billionaire Saiful Alam Masud for alleged financial crimes, including money laundering, the Straits Times reported on Wednesday. He denied wrongdoing.

Bangladesh probes Singaporean tycoon Saiful Alam — report

Johor Bahru’s property market has been on an upward trend owing to spillover effects from positive initiatives and announcements over the past few quarters, says Olive Tree Property Consultants Sdn Bhd CEO Samuel Tan when presenting The Edge Malaysia | Olive Tree Property Consultants Joh...

The Edge Malaysia | Olive Tree Property Consultants Johor Bahru Housing Property Monitor 2Q2024: Property market on upward trend

Japan's Nikkei share average reversed early losses to end higher on Wednesday, driven by gains in the auto sector although trade was dominated by retail investors, who bought back cheap stocks in muted trade with many global markets closed for the holidays.

China stocks closed roughly flat on Wednesday, as gains in energy shares offset losses in small-cap shares, while the Hong Kong market was closed for a public holiday.

Russia attacked Ukraine's energy system and some cities with cruise and ballistic missiles plus drones on Wednesday in an "inhuman" Christmas Day assault, Ukraine's President Volodymyr Zelenskiy said.

The price of a litre of RON95 petrol will remain unchanged at RM2.05, while the retail price of RON97 will increase by three sen from RM3.22 per litre to RM3.25 per litre from Thursday to Jan 1, 2025.

Amid escalating concerns about online harm in the country, the Malaysian Communications and Multimedia Commission (MCMC) has introduced a regulatory framework for social media services and internet messaging service providers. This initiative signals a pivotal shift in digital safety, accountabil...

My Say: Navigating digital accountability and safety under a new licensing framework

Bank of Japan (BOJ) Governor Kazuo Ueda reiterated his view that the bank needs to carefully watch various risks without signalling the likelihood of an interest rate hike next month.

BOJ’s Ueda avoids giving clear hint on chances of January hike

Japan's Nippon Steel is seeing support for its proposal to acquire US Steel in the regions of the US where steel mills are located, Nippon Steel's President Tadashi Imai told reporters on Wednesday.

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