<div>This article first appeared in<em> The Edge Financial Daily, </em>on January 11, 2017.<br />
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<div class=newsTextDataWrapInner><p>KUALA LUMPUR: Genting Plantations Bhd said Retirement Fund Inc (KWAP) had re-emerged as a substantial shareholder of the company.</p></div>

<div class=newsTextDataWrapInner><p>This follows the purchase by the civil service pension fund of one million Genting Plantations shares in the open market on Dec 30 last year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>With this, KWAP owns a total of 40.52 million shares or a 5.1% stake in Genting Plantations, the company said in a filing yesterday.</p></div>

<div class=newsTextDataWrapInner><p>KWAP ceased to hold a notable shareholding in the company after it sold 500,000 shares on Oct 11 last year.</p></div>

<div class=newsTextDataWrapInner><p>Genting Plantations’ share price fell four sen or 0.36% to RM10.96 yesterday, giving it a market capitalisation of RM8.73 billion.</p></div>


This article first appeared in The Edge Financial Daily, on January 11, 2017.

 

KUALA LUMPUR: Genting Plantations Bhd said Retirement Fund Inc (KWAP) had re-emerged as a substantial shareholder of the company.

This follows the purchase by the c...

KWAP re-emerges as substantial shareholder of Genting Plantations

China will extend visa-free entry to citizens from nine additional countries, including South Korea, Norway and Finland, the foreign ministry said on Friday.

China expands visa-free policy to nine more countries including South Korea

For many Ukrainians, the outcome of the US election next week and its impact on the war with Russia feels less likely to be pivotal than it once did.

Even with the Democrats' unprecedented military and financial aid, battlefield losses have accelerated in the east and Ukraine has grown impatient with President Joe Biden's reluctance to let it unleash Western weapons on targets deep inside Russia.

In Ukraine, hopes of war breakthrough slim whoever wins US election

False claims about voter fraud in Pennsylvania have raised concerns that Republican presidential candidate Donald Trump may once again seek to overturn the vote there or in other battleground states likely to determine the winner next Tuesday.

Opinion polls, both nationally and in the seven closely divided states, show Trump locked in a tight race with Democratic Vice President Kamala Harris with four days to go before Election Day.

Trump's fraud claims revive fears he may again seek to overturn election results

Wall Street's main indexes jumped on Friday, recovering some losses from the previous session, as Amazon's strong earnings countered Apple's weaker China sales and investors assessed a significant drop in US jobs growth in October.

Wall St rebounds as Amazon gains offset weak jobs growth, Apple sales

Federal Reserve policymakers look all but certain to reduce short-term borrowing costs by a modest quarter of a percentage point at their policy meeting next week, their confidence that the labour market is cooling but not crashing likely intact despite new data showing US employers added fewer workers in October than in any month since December 2020.

Fed seen on track for 25-basis-point rate cuts next week and in December

Plantation company Malpac Holdings Bhd (KL:MALPAC) has declared an interim dividend of 10 sen per share for the financial year ending June 30, 2025 (FY2025). The dividend payout will be paid on Dec 18 this year, the Main Market-listed said in a filing on Friday.

Malpac resumes dividend payout at 10 sen for FY2025 after six-year absence as FY2024 profit hits decade-high

KUALA LUMPUR (Nov 1): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:

Gamuda Bhd (KL:GAMUDA) has secured a RM451.4 million contract to build a data centre in Cyberjaya. The contract will cover the data centre’s ...

Gamuda, Parkwood, YNH Property, Rexit, Techna-X, RGT, Bumi Armada, Kimlun, Pintaras Jaya and MMAG

EVENING 5: Five things you need to know today

EVENING 5: U Mobile chosen to lead Malaysia’s 5G network

(Nov 1): Just days ahead of the Nov 5 presidential election in the US, investors are trying to gauge how stock markets will react as polls and betting platforms point to a tight race between Vice President Kamala Harris and former President Donald Trump.

Harris' lead over the Republican...

Harris vs Trump: Stocks to watch as White House race enters final stretch

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

<p>YNH Property Bhd's (KL:YNHPROP) external auditor has cast doubt on the property developer’s financial statements for the year ended June 30, 2024 (FY2024), citing insufficient evidence for certain ventures and contracts.</p>


YNH Property's external auditor casts doubt on FY2024 accounts

<p>Deleum Bhd (KL:DELEUM) has appointed former Petronas director Ainul Azhar Ainul Jamal to the integrated upstream oil and gas outfit’s board.</p>


Former Petronas director Ainul Azhar joins Deleum board

<p>U Mobile Sdn Bhd has been selected to implement Malaysia's second 5G network, the Malaysian Communications and Multimedia Commission announced on Friday.</p>


U Mobile to lead Malaysia's 5G network, says MCMC

<p>KUALA LUMPUR (Nov 1): Axiata Group Bhd (KL:AXIATA) said its chief executive officer (CEO) of telecommunications business Dr Hans Wijayasuriya will join as chief advisor to the government of Sri Lanka, to lead the country’s digital economy agenda.</p>


Axiata’s CEO of telco biz to join as chief advisor to Sri Lanka govt

<p>Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) have come out separately to defend their investments in FashionValet (FV) that resulted in losses for the two government-linked institutions.</p>


Investment in FashionValet was to support 'high potential Bumiputera company', say PNB and Khazanah

<p>Parkwood Holdings Bhd (KL:PARKWD), via its wholly owned subsidiary Parkwood Templers Sdn Bhd, has acquired five parcels of freehold land in Rawang, totalling 32.3 acres (13.1ha), for RM30.9 million.</p>


Parkwood buys 32-acre land in Rawang for landed residential development

<p>The executive chairman of Globetronics Technology Bhd (KL:GTRONIC), Kent Liaw Way Gian, has resigned from the board of APB Resources Bhd (KL:APB), whose shares tanked shortly after Globetronics experienced heavy sell-down in September following the resignation of its external auditor.</p>


Globetronics chairman Kent Liaw quits APB Resources' board

<p>(Nov 1):&nbsp;Bank Negara Malaysia (BNM) said it will be ready to smoothen any excessive volatility in the ringgit, and that markets should look beyond “short-term currency dynamics”.</p>


Ringgit’s weakness won’t last, says BNM

<p>SKB Shutters Corp Bhd (KL:SKBSHUT), a specialist in roller shutters, steel doors, and storage systems, is expected to see stronger earnings growth from the shutters and doors segment, driven by more projects ahead, according to Tradeview Research.</p>


Tradeview Research initiates 'buy' on SKB Shutters, sets target price at RM1.24

<p>The Northeast Monsoon, commonly referred to as the monsoon season in Malaysia, is expected to start next Tuesday, Nov 5, and will continue until March 2025.</p>


Northeast Monsoon from Nov 5 to March, says MetMalaysia as it flags risk of flooding

<p>KUALA LUMPUR (Nov 1): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:</p>

<p><strong>Gamuda Bhd</strong> (KL:GAMUDA) has secured a RM451.4 million contract to build a data centre in Cyberjaya. The contract will cover the data centre’s ...

<p>Rexit Bhd (KL:REXIT) has appointed a unit of LGMS Bhd (KL:LGMS) as an independent cybersecurity audit firm to reaffirm the company’s data security against breaches.</p>


Rexit appoints LGMS unit as cybersecurity auditor to reaffirm data security

<p>KUALA LUMPUR (Nov 1): Oil and gas services firm Bumi Armada Bhd has secured a £50 million (about RM283 million) contract to provide a flare gas recovery system in the UK’s North Sea.</p>


Bumi Armada clinches RM283m flare gas recovery system job in North Sea

<p>A summary of how key Bursa Malaysia indices and the ringgit performed on Friday.</p>


FBM KLCI up 0.13% to 1,603.98 on Nov 1, 2024

<p>(Nov 1):&nbsp;Olam Group Ltd&nbsp;received a non-binding offer from a state-owned Saudi investment firm for its agribusiness unit, according to a statement on Friday, confirming an earlier <em>Bloomberg News</em> report.</p>


Saudi Arabia nears deal to take over US$4b Olam unit

<p>Four policemen have been detained to assist in the investigation of a case of stolen jewellery belonging to a woman who was found dead in her car in the parking lot of a condominium in Setapak on Oct 1.</p>


Four cops remanded over theft of jewellery from dead woman

<p>Higher US tariffs on Chinese goods could dent growth but also force a long-awaited shift to the consumer in the world’s second-largest economy, according to economists at Goldman Sachs Group Inc.</p>


Goldman says Trump tariffs could shift China’s focus to consumer

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<p>KUALA LUMPUR (Nov&nbsp;1): The use of artificial intelligence (AI) can be greatly beneficial in learning if students do not abandon the culture of reading and critical thinking in their pursuit of knowledge, said Datuk Seri Anwar Ibrahim.</p>

<p>The prime minister said that&nbsp;in this regard...