HeiTech Padu Bhd (KL:HTPADU) whose share price tumbled to a 30-month low on Friday, said it is unaware of any reason behind the sharp decline after the stock exchange regulator issued an unusual market activity (UMA) query.

HeiTech Padu says unaware of reason behind sharp share price drop after UMA query 

HeiTech Padu Bhd (KL:HTPADU) shares plunged as much as 30% in early trading on Friday, prompting Bursa Malaysia to issue an unusual market activity (UMA) query to the information technology services provider.

HeiTech Padu hit with UMA query after shares down 30% following 2Q profit drop

SkyGate Solutions Bhd (KL:SKYGATE) has been issued an unusual market activity (UMA) query after the precision engineering and industrial property group’s shares climbed to an eight-month high.

SkyGate gets unusual market activity query as shares climb to eight-month high

Paragon Union Bhd (KL:PARAGON), which manufactures and distributes carpets, rugs and car carpets, was queried by Bursa Malaysia after unusually heavy trading caused its share price to hit limit-down in Friday’s afternoon trading session.

Paragon Union hits limit-down in afternoon trade, prompts UMA query from Bursa

Paragon Union Bhd (KL:PARAGON), which saw its share price hit limit-down in Friday’s afternoon session, said it is not aware of any reason that would have caused the unusual movement in its share price.

Paragon Union tells Bursa it is not aware of any reason behind sharp drop in share price

GIIB Holdings Bhd (KL:GIIB) said there have been no new corporate developments relating to its business and affairs, aside from a previously disclosed potential investment in a healthcare-related business announced in early May.

GIIB cites ongoing healthcare investment plan in response to Bursa’s UMA query 

MKH Bhd (KL:MKH) on Monday confirmed that its major shareholder, Chen Choy & Sons Realty Sdn Bhd, is “periodically in discussions” with external parties, but denied that a corporate exercise involving the company and its subsidiary MKH Oil Palm (East Kalimantan) Bhd is in the works.

MKH denies corporate exercise involving plantation unit in response to UMA query

Iris Group Bhd (KL:IRIS), whose share price ended at a seven-month high of 27.5 sen on Friday, told Bursa Malaysia that it is not aware of any corporate development that would have caused the unusual market activity (UMA).

Iris Group says unaware of any reason for share spike to over one-year high

Bursa Malaysia has queried MKH Bhd (KL:MKH) over unusual trading activity that lifted shares of the property-and-plantation company over a nine-year high.

MKH gets unusual market activity query as shares hit limit-up

Iris Group Bhd (KL:IRIS) surged 83% in morning trade on Friday, prompting an unusual market activity query from the regulator.

Iris Group surges 83% to over one-year high, prompts UMA query

Tanco Holdings Bhd (KL:TANCO) said media reports and market commentary on the company, its soaring market capitalisation and its proposed development of a smart AI container port in Port Dickson called Midport may have contributed to the recent surge in its share price. It denied any fresh undisclosed corporate developments behind the unusual trading activity.

Tanco says share price surge driven by Midport hype, denies undisclosed developments

Tanco Holdings Bhd (KL:TANCO) has been ordered by regulators to explain recent trading that sent its share price to new all-time highs.

Bursa orders Tanco to explain surge as earnings multiple soars to over 1,000 times

Globaltec Formation Bhd (KL:GLOTEC) has been told to explain unusual market activity on Wednesday that sent the stock to its daily lower limit.

Shares of Globaltec opened two sen or 2% lower at 98 sen and hovered above the 90-sen level through most of the morning session. The stock then tumbled as much as 30 sen or 30% to limit down at 70 sen on the back of a spike in volume just before the noon trading break.

Globaltec Formation told to explain unusual trading activity after shares hit limit down

Greentronics Technology Bhd (KL:GREENTEC) has been ordered by the exchange to explain Friday’s unusual market activity that wiped out 79% of its market capitalisation.

Greentronics ordered to explain share movement as sudden decline wipes 79% off market value

European Central Bank chief Christine Lagarde said it would "not be a good idea" to run in France's 2027 presidential race, telling newspaper La Croix on Wednesday that if she were to step down early from the bank in 2027, it would only be by a few months.

ECB's Lagarde says it 'would not be a good idea' to run for French president

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

UWC, F&N, Astro, Divfex, Zetrix AI, Batu Kawan, MKH, Chin Hin Group Property, ES Sunlogy, Solid Automotive

The co-pilot of a flight from Dubai to Tel Aviv tried to crash the plane after stabbing the pilot, but passengers subdued him while other pilots landed the plane safely in Saudi Arabia, Israeli officials said on Wednesday.

Passengers overcame pilot who tried to crash flydubai flight, Israel says

The Malaysian Communications and Multimedia Commission (MCMC) is demanding a comprehensive explanation from Meta regarding issues involving WhatsApp accounts that have been suspended, rendered inaccessible, or accessed without authorisation.

MCMC seeking explanation from Meta over WhatsApp issues 

UWC Bhd (KL:UWC) achieved record performance for its financial year 2026, following a more than doubling of its fourth quarter earnings.

UWC ends FY2026 with record numbers as 4Q profit more than doubles

Companies seeking dual listings on the main boards of the Kuala Lumpur and Hong Kong bourses only need one centralised, coordinated submission.

Simplified procedure for simultaneous IPO listing in Malaysia and Hong Kong takes effect

The Federal Trade Commission is opening a sweeping probe into Anthropic, OpenAI and other AI labs to uncover the potential dangers their technology poses to consumers, a source familiar with the matter told Reuters on Wednesday.

FTC opens probe into AI giants including Anthropic and OpenAI — Reuters

The Reserve Bank of India’s net short dollar book rose past US$200 billion (RM815.9 billion) for the first time, reflecting surging future repayment obligations from a dollar diaspora programme to support the rupee.

RBI’s short dollar book surges past US$200 bil on forex plan

Wall Street's main indices gained on Wednesday, as a softer-than-anticipated inflation reading buoyed hopes that the Federal Reserve might not hike rates as soon as next month.

Wall Street climbs as cooling inflation tempers Fed rate-hike concerns

“At the pleasure of the King” — what if the King is displeased?
The phrase is not what it seems.
Many have misinterpreted it. And a great many have given the phrase its literal meaning, forgetting and, in some cases, even in ignorance, that it is a legal phrase that has its own lega...

Opinion: At the pleasure of the King

ON Sept 18, His Majesty Sultan Ibrahim, the King of Malaysia, granted Datuk Seri Najib Razak a conditional pardon, allowing him to serve the remainder of his prison sentence for his SRC International conviction under house arrest until August 2028.&nbsp;

The one condition attached is pa...

Courts: Najib gets conditional pardon even as other big names get hauled to court

Two former employees of an investment bank pleaded not guilty at the Kuala Lumpur Sessions Court on Wednesday to charges of deceiving the bank in connection with the issuance of a standby letter of credit (SBLC) valued at US$16 million (RM65 million)&nbsp;three years ago.

Two ex-investment bank employees charged over US$16m standby-letter-of-credit fraud

Micro, small and medium enterprises (MSMEs) will be temporarily exempted from any new minimum wage increase, Entrepreneur and Cooperatives Development Minister Steven Sim Chee Keong said on Wednesday.

MSMEs temporarily exempted from new minimum wage hike, says minister

Zetrix AI Bhd (KL:ZETRIX) and IPVG Employees Inc have agreed to extend by three months the deadline to complete the Malaysian company's purchase of a 50% stake in Philippines-based MyEG Ventures Inc.

Zetrix AI, IPVG Employees extend deadline of MyEG Ventures deal by three months

Malaysia's durian industry ought to be one of the country's great economic success stories.

Chinese demand soared. Musang King became an internationally recognised premium product. Investors planted orchards across the country. In 2024, Malaysia secured long-awaited approval to export f...

Opinion: Malaysia's durian glut and the politics of the delivery gap

IOI Properties Group Bhd (KL:IOIPG) and Marriott International Inc have expanded their strategic relationship with the signing of a portfolio deal for four new hotels in Malaysia.

IOI Properties expands hospitality pipeline with four new Marriott hotels totalling 888 rooms

Petroliam Nasional Bhd (PETRONAS) is exploring ways to make its advanced sustainable fuel (ASF) more economical while maintaining its performance, as development continues alongside changes to Formula One's (F1) power unit regulations.

PETRONAS exploring ways to produce cheaper advanced fuel, says downstream CEO

The US trade deficit in goods widened sharply in August amid a surge in imports, suggesting that trade could remain a drag economic growth in the third quarter.

US goods trade deficit widens sharply in August

Batu Kawan Bhd’s (KL:BKAWAN) unconditional mandatory takeover of MKH Bhd (KL:MKH) has crossed the 95% threshold, paving the way for the property developer’s delisting.

Batu Kawan’s takeover of MKH crosses 95%

Genneva&nbsp;Sdn Bhd, the company behind a massive gold investment scam, has been wound up by the High Court here, which could see victims recouping their losses.&nbsp;

High Court dissolves Genneva, paving way for victims to settle claims

WHILE official statistics show that Malaysians are beginning to save for retirement again, much more needs to be done to prepare for Malaysia’s transition into a super-aged nation by 2056, when one in five Malaysians will be aged 65 and above. This includes strengthening retirement savings, legac...

Preparing for Malaysia’s third age

Astro Malaysia Holdings Bhd (KL:ASTRO) sank into the red in the May-July quarter — its first quarterly loss since late 2023 — dragged by unrealised foreign exchange losses while its top line declined on lower subscription revenue.

Forex losses, lower subscription revenue pull Astro into the red

“At the pleasure of the King” — what if the King is displeased? 
The phrase is not what it seems. 
Many have misinterpreted it. And a great many have given the phrase its literal meaning, forgetting and, in some cases, even in ignorance, that it is a legal phrase that has its own lega...

The co-pilot of a flight from Dubai to Tel Aviv tried to crash the plane after stabbing the pilot, but passengers subdued him while other pilots landed the plane safely in Saudi Arabia, Israeli officials said on Wednesday.

One of the brothers who co-founded Solid Automotive Bhd (KL:SOLID), Ker Boon Kee, has transferred his shares in the company to his children, making his son and executive director Ker Keddy the company’s second-largest shareholder.

Solid Automotive’s co-founder Ker Boon Kee transfers shares to children, son Keddy emerges as second-largest shareholder

About 200,000 spectators are expected to attend the Formula 1 (F1) Gulf Air Bahrain Grand Prix (GP) at the Sepang International Circuit (SIC) from Oct 2 to 4, with Sunday expected to draw the largest crowd.

MAHB ready as 200,000 spectators expected for F1 return to Sepang, says MD

Bank Negara Malaysia (BNM) is seeking feedback on proposed new rules on insurance and takaful providers meant to strengthen protections on policy owners.

Bank Negara seeks feedback on proposed tighter rules on insurance and takaful sales pitches

Chin Hin Group Property Bhd (KL:CHGP) is selling its&nbsp;entire equity interest in four loss-making subsidiaries involved in the commercial vehicle and bodyworks business for a combined RM62 million in cash, to focus on its property development business.

Chin Hin Group Property exits commercial vehicle business in RM62m cash deal

Bank Negara Malaysia (BNM) imposed administrative monetary penalties (AMPs) of RM22,000 on Wawasan Ilham (M) Sdn Bhd (WISB) and RM6,900 on SMJ Teratai Sdn Bhd for failing to comply with customer due diligence (CDD) requirements.

BNM imposes penalties on three companies for non-compliance amounting to RM40,400

Retail prices of unsubsidised petrol and diesel are set to fall from Thursday, Oct 1, as average global crude oil prices moderate after Saudi Arabia’s East-West pipeline resumed operations.

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