<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 8): Khazanah Nasional Bhd has disposed of a 4.62% stake in ACE Market-listed TT Vision Holdings Bhd for RM25.92 million.</p></div>

<div class=newsTextDataWrapInner><p>According to a bourse filing on Friday, the sovereign fund sold a 1.41% stake or 6.6 million shares on Wednesday, and a 3.21% stake or 15 million shares on Tuesday.</p></div>

<div class=newsTextDataWrapInner><p>The shares were sold in direct business transactions via Malaysian Technology Development Corp Sdn Bhd.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>This pared Khazanah Nasional's stake in the Penang-based automated test equipment (ATE) maker to 18.86% or 88.26 million shares.</p></div>

<div class=newsTextDataWrapInner><p>A check with Bloomberg showed that the shares were sold at RM1.20 per share — RM25.92 million for the 21.6 million shares or 4.62% stake.</p></div>

<div class=newsTextDataWrapInner><p>The RM1.20 disposal price is 252.94% higher than TT Vision’s initial public offering price of 34 sen in January.</p></div>

<div class=newsTextDataWrapInner><p>Besides Khazanah Nasional, TT Vision’s other substantial shareholders are Goon Koon Yin and Wong Yih Hsow, who each own a 23.99% stake in the company.</p></div>

<div class=newsTextDataWrapInner><p>Shares in TT Vision ended unchanged at RM1.23, giving the company a market capitalisation of RM575.64 million. Compared to its IPO price of 34 sen, the counter is up 261.77%.</p></div>


Khazanah Nasional Bhd has disposed of a 4.62% stake in ACE Market-listed TT Vision Holdings Bhd for RM25.92 million.

According to a bourse filing on Friday, the sovereign fund sold a 1.41% stake or 6.6 million shares on Wednesday, and a 3.21% stake or 15 million shares on Tuesday.

Khazanah Nasional sells 4.62% stake in TT Vision for RM26 mil

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<p>The police have confirmed receiving a report from Seputeh Member of Parliament (MP) Teresa Kok Suh Sim about a threatening letter she received on Saturday.</p>


<p>Didi Global Inc president Jean Liu is relinquishing her roles as president and board director of China’s ride-hailing giant after almost a decade in the positions, as the company tries to revive growth following a regulatory crackdown by the government.</p>


<p>Efforts to assist small and medium-sized Malaysian companies in expanding their overseas market penetration must be enhanced to put them in a more favourable position, according to Prime Minister Datuk Seri Anwar Ibrahim.</p>


<p>KUALA LUMPUR (May 19): The unity government condemns the actions of those who try to intimidate and threaten the safety of MPs in the country.</p>

<p>Unity government spokesman Fahmi Fadzil said such shameful action should not be directed at any MP, whether they are backbenchers or from the Op...

<p>Trade and investment will be the main focus for cooperation between Malaysia and Uzbekistan, following Pr</p>


<p>KUCHING (May 19): A mechanism to effectively control inflation must be established to ensure workers can fully benefit from any wage increase, said Sarawak Premier Tan Sri Abang Johari Tun Openg.</p>

<p>He said that any wage increase announced by the government or the private sector is meaning...

<p>SEREMBAN (May 19): Deputy Minister of Communications Teo Nie Ching announced that the Cyber Security Bill is projected to be tabled by the end of this year at the latest.</p>

<p>She stated that the ministry is reviewing various aspects of the bill and seeking feedback from the Attorney General...

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<p>Jeff Bezos' space firm Blue Origin is scheduled on Sunday to launch its first crew of humans to the edge of space since the company's suborbital New Shepard rocket was grounded in 2022, resuming its space tourism business.</p>


<p>This year as Malaysia and China commemorate 50 years of diplomatic relations, enhanced collaboration, and cooperation between the two nations will prove beneficial. The potential for the strengthening of bilateral relations is most recently demonstrated by the numerous commercial agreements and memorandums of understanding (MOUs) worth billions of ringgit that both countries inked.&nbsp;</p>


<p>For more than a decade, the Malaysian government has been pushing commercial and residential properties to adopt renewable energy (RE) options such as solar power. The Sustainable Energy Development Authority (SEDA) Malaysia was also set up in 2011 to help facilitate this mission. Today, while interest has picked up among commercial lots, many Malaysians still aren’t adopting it at home.</p>
