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

Bursa Malaysia’s average daily trading value (ADTV) surged 59% to RM3.27 billion in the first half of the year (1H2024), from RM2.06 billion for the same corresponding period in 2023, showing that trading on the equity market is thriving.

Bursa's 1H average daily trading value up 59% to RM3.27b — CEO

An eight-day winning streak for Tesla Inc shares sent the world’s most valuable automaker into positive territory for the first time this year.

Tesla shares on track to turn positive for 2024 after US$200b rally

Türkiye will soon unveil an agreement with BYD Co to construct a US$1 billion (RM4.71 billion) plant in the west of the country, Turkish officials said, boosting the Chinese carmaker’s presence in Europe at a time of escalating trade tensions.

China’s BYD to build US$1b EV plant in Türkiye, Bloomberg reports

House Minority Leader Hakeem Jeffries on Friday night abruptly scheduled an unusual weekend meeting with top Democratic colleagues as party anxiety festers over whether Joe Biden should remain in the US presidential race.

Top House Democrat to hold weekend meeting amid Biden anxieties

Lawmakers will debate the latest Auditor-General’s (AG) Report 2/2024 when parliament resumes session this week following a one-day break for Awal Muharram on Monday.

The Week Ahead: Attention on AG’s Report debate, Bank Negara’s monetary policy meeting and Johor Plantations’ IPO

Equities in China and India are being touted as potential outperformers in Asia in the second half of the year (2H2024), as investors flock to emerging-market (EM) themes.

Chinese, Indian stocks favoured over Japan in Asia’s 2H

Global stocks rose while US Treasury yields dipped on Friday after highly anticipated jobs data boosted market expectations of a Federal Reserve (Fed) interest-rate cut.

World stocks rise, US yields dip amid jobs data, UK labour landslide

Nine polling centres with 65 voting streams opened simultaneously at 8am on Saturday for the Sungai Bakap state by-election.

Sungai Bakap state by-election: Nine polling stations open at 8am

The Public Accounts Committee’s (PAC) inquiry into the affairs of the Human Resource Development Corporation (HRD Corp), particularly its investments and governance structure, has opened a can of worms.

Shenanigans at HRD Corp

Integrated power infrastructure group Pestech International Bhd (KL:PESTECH) and state utility firm Syarikat Sesco Bhd have scrapped plans to undertake the Entinggan–B 275/(33)kV substation project worth RM109.98 million after taking into consideration the economic factors of the job.

Pestech, Sesco nix RM109.98m substation project in Sarawak

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

Maybank, Southern Cable, TNB, GHL Systems, Eurospan Holdings, Salutica, Tex Cycle, Pestech, Computer Forms

The Public Accounts Committee’s (PAC) inquiry into the affairs of the Human Resource&nbsp;Development Corporation (HRD Corp), particularly its investments and governance structure, has opened a can of worms.

South Malaysia Industries Bhd (KL:SMI) has sought a court order to compel local stockbrokers Kenanga Investment Bank Bhd to provide details of shareholders who sold their shares that led to Francis Leong Seng Wui becoming its major shareholder with a 30.67% stake.

Leong, the executive director of property developer Hong Seng Consolidated Bhd (KL:HONGSENG), emerged as a substantial shareholder of the company after he acquired 32.58 million shares or a 15.52% stake through his private vehicle Target 1 Sdn Bhd on June 4.

SMI seeks court order to identify sellers of shares acquired by new major shareholder

Appropriate action, including legal measures, has been initiated to address the RM286.3 million accumulated losses reported by Mara Incorporated Sdn Bhd (Mara Inc), as highlighted in the Auditor-General's Report (LKAN) released Thursday.

Mara director-general Datuk Seri Azhar Abdul Manaf said the accumulated losses between 2012 and 2022 were partly attributed to asset acquisitions abroad, particularly in Australia and the United Kingdom from 2012 to 2014.

Appropriate action taken to resolve Mara Inc's losses — Mara DG

Global&nbsp;stocks rose while US&nbsp;Treasury yields dipped on Friday after highly anticipated jobs data boosted market expectations of a Federal Reserve (Fed) interest-rate cut.

Nine polling centres with&nbsp;65 voting streams opened simultaneously at 8am on Saturday for the Sungai&nbsp;Bakap state by-election.

Lawmakers will debate the latest Auditor-General’s (AG) Report 2/2024 when parliament resumes session this week following a one-day break for Awal Muharram on Monday.

Equities in China and India are being touted as potential outperformers in Asia in the second half of the year (2H2024), as investors flock to emerging-market (EM) themes.

House Minority Leader Hakeem Jeffries on Friday night abruptly scheduled an unusual weekend meeting with top Democratic colleagues as party anxiety festers over whether Joe Biden should remain in the US presidential race.

Türkiye will soon unveil an agreement with BYD Co&nbsp;to construct a US$1 billion (RM4.71 billion) plant in the west of the country, Turkish officials said, boosting the Chinese carmaker’s presence in Europe at a time of escalating trade tensions.

An eight-day winning streak for Tesla Inc&nbsp;shares sent the world’s most valuable automaker into positive territory for the first time this year.

Bursa Malaysia’s average daily trading value (ADTV) surged 59% to RM3.27 billion&nbsp;in the first half of the year (1H2024), from RM2.06 billion for the same corresponding period in 2023, showing that trading on the equity market is thriving.

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