<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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Here is a brief recap of some corporate announcements that made the news on Friday.

Allianz Malaysia, Bumi Armada, Bintulu Port, D&O, Sarawak Plantation, Favelle Favco, CSC Steel, BM Greentech, SkyWorld, Lagenda Properties, Solarvest, SMI, Icon Offshore, Top Glove, MNRB, Chin Hin Group Property

The S&P 500 and the Dow touched over one-week highs on Friday after data showed a still robust economy, while small-cap stocks outperfomed large-cap indexes.

The S&P flash PMI showed manufacturing activity stood at 48.8 in November, in line with estimates from a Reuters poll of economists.

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Vizione Holdings Bhd (KL:VIZIONE) said its unit has served a notice to Inspirasi Langkawi Sdn Bhd to terminate its employment as main contractor for the development of a 14-storey hotel in Langkawi, claiming it had not been properly paid for its works so far.

Vizione quits RM116 mil hotel construction job over alleged unpaid works

<p>Vizione Holdings Bhd (KL:VIZIONE) said its unit has served a notice to Inspirasi Langkawi Sdn Bhd to terminate its employment as main contractor for the development of a 14-storey hotel in Langkawi, claiming it had not been properly paid for its works so far.</p>


<p>The largest shareholder of South Malaysia Industries Bhd (KL:SMI) has called for an upcoming extraordinary general meeting (EGM) scheduled for Jan 9, 2025, to appoint six new directors to the company’s board, including former Perak police chief Datuk Pahlawan Mior Faridalathrash Wahid.</p>


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<p>Here is a brief recap of some corporate announcements that made the news on Friday.</p>


<p>Global investment conglomerate Bin Zayed International Group of Companies (BZI) has committed to investing US$2 billion (RM8.93 billion) in Malaysia over the next five years.&nbsp;</p>

<p>Bin Zayed International (M) Bhd managing director Datuk Seri Dr Shamir Kumar Nandy said as part of its strategic expansion plan, the group would tap into real estate, renewable energy and financial services to attract investments into the country.</p>


Bin Zayed International commits US$2 bil investment in Malaysia over next five years

<p>Sarawak Plantation Bhd (KL:SWKPLT) has announced a second interim dividend of 15 sen per share, as its latest third quarter net profit rose 14.6%, despite lower revenue, thanks largely to a higher fair value gain on its biological assets.</p>


Sarawak Plantation pays bumper 15 sen dividend as 3Q profit hits record

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<p>ORLANDO, Florida (Nov 22):&nbsp;A record-high $7 trillion of cash is currently sitting "on the sidelines" in money market funds (MMFs). Anyone hoping to see a significant chunk of this flooding the wider investment field in the coming months may be disappointed.</p>

<p>Many strategists assume ...

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<p>Offshore support vessel company Icon Offshore Bhd (KL:ICON) said on Friday it has signed definitive agreements for a slew of previously announced acquisitions worth over RM400 million.</p>


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<p>Allianz Malaysia Bhd (KL:ALLIANZ), which provides both life and general insurance, saw its net profit dip 7.4% for the third quarter ended Sept 30, 2024 (3QFY2024), despite higher revenue, as certain expenses jumped while it recorded a drop in dividend income and lower fair value gains from investments.</p>


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<p>Favelle Favco Bhd (KL:FAVCO) sank into the red in the third quarter — the crane manufacturer's first quarterly loss since listing back in 2006 — on foreign exchange loss.</p>


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<p>Biomass boiler firm BM Greentech Bhd (KL:BMGREEN) reported a 55% jump in net profit for its second quarter ended Sept 30 (2QFY2025) to a record high of RM13 million from RM8.38 million a year earlier, driven by higher revenue.</p>


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<p>Property developer SkyWorld Development Bhd (KL:SKYWLD), which made its Main Market debut in July last year, said it is on target to launch developments with an estimated gross development value of RM4.6 billion by 2026, having achieved RM1.1 billion worth of launches so far.</p>


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<p>The flood situation in Terengganu and Perak has grown worse, while Kelantan has become the latest state hit by floods as of 8pm on Friday night.</p>

<p>In Terengganu, the number of evacuees rose drastically to 221 people being housed in 10 relief centres compared to 29 in the morning.</p>


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<p>Environmental engineering consultancy firm Progressive Impact Corp Bhd (KL:PICORP) has bagged a RM14.74 million contract from water utility company Pengurusan Air Selangor Sdn Bhd (Air Selangor) to provide water quality control service in Selangor.</p>


Progressive Impact bags RM14.7 mil contract from Air Selangor  

<p>French defence and technology firm Thales said on Friday it was denying unspecified allegations after Britain's Serious Fraud Office (SFO) announced a joint investigation with French authorities into suspected bribery and corruption.</p>


<p>Cboe Global Markets Inc. said it is set to list the first cash-settled index options related to the spot price of Bitcoin, marking the latest addition of cryptocurrency-related securities to traditional exchanges.</p>
