KUALA LUMPUR (Sept 2): Sarawak-based oil and gas company Ocean Vantage Bhd (KL:OVH) saw 97.93 million shares, or a 23.32% stake change hands on Monday afternoon in a direct business transaction.

23% stake in Ocean Vantage traded off-market at premium

Some 12.55 million shares in Apex Equity Holdings Bhd, representing a 6.19% stake in the stockbroking firm, were traded off-market on Friday (Dec 9),

Bloomberg data showed that the shares were sold in three tranches for RM15.57 million or RM1.24 per share. The price represented a premium of 5.08% over Apex Equity’s last closing price of RM1.18 in the open market.

Apex Equity sees 6.19% stake cross off market

KUALA LUMPUR (Dec 7): Printing inks and electrical discharge machining products manufacturer Toyo Ventures Bhd saw 3.74% of its shares traded off market on Wednesday (Dec 7).

3.74% of Toyo Ventures shares traded off market

KUALA LUMPUR (Nov 17): Logistic service provider Swift Haulage Bhd saw 70.28 million shares cross off the market on Thursday (Nov 17). This represents 7.95% of the company’s 884.42 million shares.  

According to Bloomberg data, the shares were transacted in 12 blocks for a total value of RM28.15 million.

7.95% stake in Swift Haulage traded off market for RM28.15 mil

Tanco Holdings Bhd's Warrants C (2022/2025), which were listed in September, saw 123 million warrants — representing a 13.93% stake — traded in an off-market transaction on Friday (Nov 11).

This is more than 90 times its open market trading volume of 13.59 million warrants for the day.

About 14% of Tanco’s Warrants C traded at a discount in off-market deal

Nova MSC Bhd saw 47.79 million shares, representing a 4.06% stake, transacted off-market on Friday (Nov 11).

The transaction was carried out in a single block at RM4.54 million or 9.5 sen per share, according to Bloomberg data.

Nova MSC's biggest shareholder Ooi Keng Thye raises stake to 15%

Engtex Group Bhd saw 26.66 million of its warrants B (warrants 2021/2026) that were listed in September last year, representing 24.44% of the total warrants B issued, traded in off-market trades on Thursday (Nov 10).

Bloomberg data showed that the pipe manufacturer's warrants crossed at 1.5 sen apiece or a total of RM399,830, a discount of 90.91% from the warrants’ closing price of 16.5 sen apiece.

Nearly 25% of Engtex’s warrants B crossed in off-market trades

EP Manufacturing Bhd saw 4.55% of its shares traded off-market on Thursday (Nov 10).

According to Bloomberg, 10.03 million of the auto parts maker’s shares were traded in two tranches at RM1 per share. The transacted price represents a 4.76% discount over the stock’s closing price of RM1.05.

The identities of those who participated in the trades are currently unknown.

EP Manufacturing sees 4.55% stake traded off-market

Ireka Corp Bhd, which announced a slew of new contracts amid shareholder changes in recent months, saw some 21.61 million shares traded off-market, representing some 9% in the construction firm.

The shares were traded in five blocks of between 2.34 million shares and 6.5 million shares at 67 sen per share, for a total of RM14.48 million.

Ireka Corp sees 9% stake traded off-market

Green Packet Bhd saw 60 million shares change hands at 80 sen, which is a nearly 16% premium over today’s closing at 69 sen.

Bloomberg data showed that there were three transactions with 20 million shares each crossed off market shortly after the lunch break

6% stake in Green Packet crossed off market at price higher than today's closing  

Hextar Global Bhd saw some 90 million shares representing an 11.12% stake in the company traded off-market today.

The block of shares was transacted at 70 sen per share – a premium of 16 sen or 29.63% over the company's closing price of 54 sen today – for RM63 million in total.

Hextar Global sees 11.12% stake cross off-market

KUALA LUMPUR (March 10): Property developer Jiankun International Bhd saw 9.89 million shares, representing a 5.93% stake, in the company, crossed off-market today.

According to Bloomberg data tracking trade of 300,000 shares or more, the shares were transacted in three blocks.

5.9% stake in Jiankun International traded off market

Timber company Subur Tiasa Holdings Bhd saw 20.94 million shares crossed off-market yesterday. This represents 11.13% of the company's total 188.11 million shares.

According to Bloomberg data, the shares were transacted in two blocks, worth a total of RM7.54 million.

Subur Tiasa sees 11% stake traded off-market

Malaysian Genomics Resource Centre Bhd (MGRC) saw 29 million shares crossed off-market today. This represents 28.02% of the company's total of 103.51 million shares.

According to Bloomberg data tracking trades of 300,000 shares or more, the stake crossed in one block for a total of RM7.11 million or 24.5 sen per share. The transacted price is an 11.36% premium to the stock's last closing price of 22 sen. It is not immediately known as to whom the parties involved in the transaction are

28% stake in Malaysian Genomics traded off-market

French defence and technology firm Thales said on Friday it was denying unspecified allegations after Britain's Serious Fraud Office (SFO) announced a joint investigation with French authorities into suspected bribery and corruption.

Thales denies wrongdoing as Anglo-French bribery probe hits shares

As the Association of South East Asian Nations (Asean) chair for 2025, Malaysia has a key role in strengthening the Asean community and tackling complex regional challenges, Foreign Minister Datuk Seri Mohamad Hasan said.

Malaysia to strengthen Asean community, tackle regional challenges as Asean chair 2025 — Mohamad

A weekly round-up of tanker and dry bulk market (Nov 22, 2024)

Baltic Exchange shipping updates: Nov 22, 2024

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

Allianz Malaysia, Bumi Armada, Bintulu Port, D&O, Sarawak Plantation, Favelle Favco, CSC Steel, BM Greentech, SkyWorld, Lagenda Properties, Solarvest, SMI, Icon Offshore, Top Glove, MNRB, Chin Hin Group Property

The S&P 500 and the Dow touched over one-week highs on Friday after data showed a still robust economy, while small-cap stocks outperfomed large-cap indexes.

The S&P flash PMI showed manufacturing activity stood at 48.8 in November, in line with estimates from a Reuters poll of economists.

S&P 500, Dow touch over one-week highs after business activity data

Vizione Holdings Bhd (KL:VIZIONE) said its unit has served a notice to Inspirasi Langkawi Sdn Bhd to terminate its employment as main contractor for the development of a 14-storey hotel in Langkawi, claiming it had not been properly paid for its works so far.

Vizione quits RM116 mil hotel construction job over alleged unpaid works

A measure of US business activity raced to a 31-month high in November, boosted by hopes for lower interest rates and more business-friendly policies from President-elect Donald Trump's administration next year.

US business activity gauge rises to 31-month high in November

Global investment conglomerate Bin Zayed International Group of Companies (BZI) has committed to investing US$2 billion (RM8.93 billion) in Malaysia over the next five years. 

Bin Zayed International (M) Bhd managing director Datuk Seri Dr Shamir Kumar Nandy said as part of its strategic expansion plan, the group would tap into real estate, renewable energy and financial services to attract investments into the country.

Bin Zayed International commits US$2 bil investment in Malaysia over next five years

Property developer SkyWorld Development Bhd (KL:SKYWLD), which made its Main Market debut in July last year, said it is on target to launch developments with an estimated gross development value of RM4.6 billion by 2026, having achieved RM1.1 billion worth of launches so far.

SkyWorld nears deal for Vietnam joint venture on completion of due diligence, says on track for RM4.6b launch target by 2026

Lagenda Properties Bhd (KL:LAGENDA) said on Friday that an indirectly owned subsidiary of the company has secured the right to develop a 139-acre land in Kota Tinggi, Johor, for RM99.62 million, cash. The final purchase price may still vary.

Lagenda Properties secures right to develop another Kota Tinggi plot for RM99.62 mil

Top Glove Corp Bhd (KL:TOPGLOV) has entered into a joint venture (JV) with US glove importer Tronex (Asia) Ltd, and Polywel International Trade Co Ltd for the production and distribution of high-density polyethylene (HDPE) gloves.

Top Glove in JV for high density polyethylene glove biz

Sunway Bhd (KL:SUNWAY) became the best performing constituent member of the FBM KLCI index year to date after its share price breached the RM5 mark on Friday, ahead of its third-quarter (3Q) earnings announcement expected next week. &nbsp;

Sunway is best FBM KLCI constituent YTD after shares shoot past RM5

KUALA LUMPUR (Nov 22): Hong Kong-based energy services firm Unity Group Holdings International Ltd said it is planning a secondary listing in Malaysia.

Hong Kong-based Unity Group pursues secondary listing on Bursa Malaysia

Malaysia's international reserves rebounded and added about US$400 million (RM1.79 billion) by the middle of November.

Malaysia's foreign exchange reserves rebounded to US$118b in mid-November, BNM data show

Mah Sing Group Bhd's (KL:MAHSING) M Luna condominium development in Kepong has achieved a Qlassic score of 86%, the highest for an M Series project, according to a press statement on Friday.

Mah Sing's M Luna condo in Kepong achieves 86% Qlassic score

Offshore oil-and-gas services firm Bumi Armada Bhd (KL:ARMADA) said on Friday its third quarter net profit rose 19% from a year earlier as operating margins expanded with lower costs.

Bumi Armada's 3Q net profit rises 19%, no update on merger with MISC's offshore unit

Analysts are projecting a stronger showing from Sunway Construction Group Berhad (KL: SUNCON) in 4Q2024, driven by significant job progress, especially data centre (DC)-led projects.

Analysts expect stronger 4Q for Sunway Construction

Solarvest Holdings Bhd (KL:SLVEST)’s wholly owned subsidiary Atlantic Blue Sdn Bhd has been awarded a RM142 million engineering, procurement, construction and commissioning (EPCC) contract from SM01 Sdn Bhd, a special purpose vehicle (SPV) in which the group owns a 33% stake.

Solarvest bags RM142 mil EPCC job for 30MWac solar plant in Kedah

Malaysia’s Anti-Corruption Commission (MACC) said on Friday it will continue to investigate the late Tun Daim Zainuddin, his wife and other family members.

MACC says will continue to investigate late Daim, wife, family members

KUALA LUMPUR (Nov 22): Chin Hin Group Property Bhd (KL:CHGP)&nbsp;has established a RM500 million perpetual notes programme.&nbsp;

Chin Hin Group Property establishes RM500m perpetual notes programme

Buyout firm Affinity Equity Partners is in talks to acquire Malaysian seafood supplier Golden Fresh Sdn Bhd, according to people familiar with the matter.

Affinity is said to be in talks to buy Malaysian seafood supplier Golden Fresh, Bloomberg reports

The largest shareholder of South Malaysia Industries Bhd (KL:SMI) has called for an upcoming extraordinary general meeting (EGM) scheduled for Jan 9, 2025, to appoint six new directors to the company’s board, including former Perak police chief Datuk Pahlawan Mior Faridalathrash Wahid.

SMI's largest shareholder calls for EGM to appoint six new directors including ex-Perak police chief

Sarawak Plantation Bhd (KL:SWKPLT) has announced a second interim dividend of 15 sen per share, as its latest third quarter net profit rose 14.6%, despite lower revenue, thanks largely to a higher fair value gain on its biological assets.

Sarawak Plantation pays bumper 15 sen dividend as 3Q profit hits record

India will offer up to US$5 billion (RM22.4 billion) in incentives to local electronics companies to make components for gadgets from mobiles to laptops, two government officials said, in a bid to bolster the burgeoning industry and wean off supplies from China.

India to offer up to US$5b in incentives to local electronics firms, wean off China

Thailand’s Constitutional Court dismissed a complaint against former premier Thaksin Shinawatra and his-family backed ruling party, a major reprieve for his daughter’s less than three-month old government.&nbsp;

Thai court rejects case against Thaksin in reprieve for PM 

Global investment conglomerate Bin Zayed International Group of Companies (BZI) has committed to investing US$2 billion (RM8.93 billion) in Malaysia over the next five years.&nbsp;

Bin Zayed International (M) Bhd managing director Datuk Seri Dr Shamir Kumar Nandy said as part of its strategic expansion plan, the group would tap into real estate, renewable energy and financial services to attract investments into the country.

GEORGE TOWN (Nov 22): Frequent water supply disruptions, high industrial land prices&nbsp;and talent shortages are among challenges faced by the Penang&nbsp;government in its effort to position the state as the Silicon Valley of the East.

Chow: Water supply disruptions, land prices among challenges in Penang’s Silicon Valley ambitions

<div class="ceonothumb mx-auto pb-5">
<div>
<div class="iframe-w100-wrapper"><iframe allowfullscreen="" frameborder="0" height="500" src="https://www.youtube.com/embed/JqRj-JQbWUI?si=EJn8MQBYV-CAV27h&amp;rel=0&amp;autoplay=1&amp;mute=1" width="840"></iframe></div>
</div>

E...

EVENING 5: Five things you need to know today

KUALA LUMPUR (Nov 22): Asean transport ministers adopted a framework agreement on Friday that allows the region’s airlines to operate flights with stopovers in the member countries.

Loke: Asean approves stopover rights to boost regional air connectivity

Vizione Holdings Bhd (KL:VIZIONE) said its unit has served a notice to Inspirasi Langkawi Sdn Bhd to terminate its employment as main contractor for the development of a 14-storey hotel in Langkawi, claiming it had not been properly paid for its works so far.

Off-Market Trade

‌
‌

Off-Market Trade

‌‌

‌
‌