<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 7): Olympia Industries Bhd surged 17.24% in active trade this morning after CIMB Group Holdings Bhd announced it will acquire Jupiter Securities Sdn Bhd for RM55 million.</p></div>

<div class=newsTextDataWrapInner><p>At 9.17am, Olympia rose 2.5 sen to 17 sen with 44.48 million shares traded.</p></div>

<div class=newsTextDataWrapInner><p>Jupiter Securities will be the Malaysian platform for CIMB's joint venture with China Galaxy Securities Co Ltd in the stockbroking business.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Jupiter Securities, together with its four subsidiaries, has a combined paid-up capital of RM24.59 million.</p></div>

<div class=newsTextDataWrapInner><p>The firm is a subsidiary of Olympia, which will get RM42.1 million from the disposal of its stake.</p></div>

KUALA LUMPUR (Sept 7): Olympia Industries Bhd surged 17.24% in active trade this morning after CIMB Group Holdings Bhd announced it will acquire Jupiter Securities Sdn Bhd for RM55 million.

At 9.17am, Olympia rose 2.5 sen to 17 sen with 44.48 million shares traded.

Jupiter Sec...

Olympia surges 17.24% on disposal of stake in Jupiter to CIMB 

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Spritzer Bhd’s (KL:SPRITZER) quarterly net profit jumped 62.61% to a fresh record high of RM19.76 million in the second quarter ended June 30, 2023 (2QFY2024), from RM12.15 million a year ago, on higher sales volume and average selling price of its bottled water amid strong growth in travelling and tourism activities, and hot weather.

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Dagang NeXchange Bhd (KL:DNEX) has posted a net profit of RM4.99 million for the second quarter ended June 30, 2024 (2QFY2024) on a revenue of RM298.11 million.

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The Malaysian Anti-Corruption Commission (MACC) on Thursday detained 13 individuals, including two enforcement officers at Kuala Lumpur International Airport (KLIA), suspected of involvement in a syndicate smuggling foreigners into the country through "counter setting" at KLIA.

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Nokia Oyj’s mobile networks assets are drawing preliminary interest from suitors including Samsung Electronics Co amid increasing pressure to find new growth in the troubled telecom equipment sector, people with knowledge of the matter said.

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Shell plans to scale back its oil and gas exploration and development workforce by 20% as CEO Wael Sawan widens his cost-saving drive to the highly profitable division after deep cuts in renewables and low-carbon businesses, company sources said.

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