<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 4): Analabs Resources Bhd said it has acquired quoted securities in Malayan Banking Bhd (Maybank) with an aggregate value of RM21.57 million, which exceeded 5% of the industrial waste recycling services provider’s audited consolidated net assets as of April 30, 2022.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Friday (Aug 4), Analabs said the shares were acquired during the period from Dec 21, 2022 to Aug 4, 2023, and was funded by the group’s share margin account.</p></div>

<div class=newsTextDataWrapInner><p>The group said that the shares were purchased in the open market at prevailing prices as quoted on Bursa Malaysia Securities.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The acquisitions were carried out with the intention of deriving dividend income and for potential capital gains,” it added.</p></div>

<div class=newsTextDataWrapInner><p>Analabs said the acquisitions have no material effect on the group’s earnings and net assets for the financial year ending April 30, 2024 as well as its gearing, share capital and its substantial shareholder’s shareholding in the group.</p></div>

<div class=newsTextDataWrapInner><p>Analabs shares were last traded at RM1.44,&nbsp; valuing the group at RM172.87 million.&nbsp;Meanwhile, Maybank rose one sen or 0.11% to RM8.91 for a market capitalisation of RM107.4 billion.</p></div>


Analabs Resources Bhd said it has acquired quoted securities in Malayan Banking Bhd (Maybank) with an aggregate value of RM21.57 million, which exceeded 5% of the industrial waste recycling services provider’s audited consolidated net assets as of April 30, 2022.

Analabs: We have acquired Maybank shares worth more than 5% of our consolidated net assets

Berkshire Hathaway Inc posted a record quarterly profit on Saturday, boosted by strength in its insurance operations, and appears to have sold a significant number of Apple shares as its cash stake swelled to US$189 billion (RM895.86 billion).

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Communications Minister Fahmi Fadzil on Saturday said the Cabinet has not discussed about a price hike for petrol and diesel yet.

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Hong Kong issued its first red rainstorm warning of the year on Saturday as downpours caused flooding in areas of the territory, shutting roads and disrupting public transportation.

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Indonesia will permanently relocate the entire population of an island in North Sulawesi province because a volcano is threatening their safety.

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The flight instructor and trainee of the Cessna 172 (9M ADA) type training aircraft which crashed in an oil palm plantation in Besout 2 Tambahan plantation, Sungkai near here have been identified as Captain Shahrul Imran Surea, 26, and Ho Jia Lee, 20.

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The Civil Aviation Authority of Malaysia (CAAM) has confirmed that a Cessna 172N Skyhawk aircraft with the registration number 9M-ADA crashed near Felda Gunung Besout, Sungkai, Perak on Saturday.

CAAM confirms Cessna 172N Skyhawk aircraft crashed near Felda Gunung Besout

The Melaka state government is setting its sights on bolstering its local business landscape by encouraging more companies in the state to be listed on Bursa Malaysia.

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The government is currently studying the proposal from marine robotics company Ocean Infinity to resume the search for Malaysia Airlines Flight MH370, which went missing while en route to Beijing 10 years ago.

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Construction work on the East Coast Rail Link (ECRL) project in Kelantan, Terengganu, Pahang and Selangor has reached an average of 65% as of April, said Transport Minister Anthony Loke.

Progress of ECRL project in four states reaches 65%, says Loke

A training aircraft crashed in the Besout 2 Tambahan plantation area in Sungkai on Saturday.

Light aircraft crashes in Sungkai, two passengers survive

<p>Berkshire Hathaway Inc posted a record quarterly profit on Saturday, boosted by strength in its insurance operations, and appears to have sold a significant number of Apple shares as its cash stake swelled to US$189 billion (RM895.86 billion).</p>


<p>The flight instructor and trainee of the Cessna 172 (9M ADA) type training aircraft which crashed in an oil palm plantation in Besout 2 Tambahan plantation, Sungkai near here have been identified as Captain Shahrul Imran Surea, 26, and Ho Jia Lee, 20.</p>


<p>Communications Minister Fahmi Fadzil on Saturday said the Cabinet has not discussed about a price hike for petrol and diesel yet.</p>


<p>Hong Kong issued its first red rainstorm warning of the year on Saturday as downpours caused flooding in areas of the territory, shutting roads and disrupting public transportation.</p>
