<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 4): AirAsia X Bhd (AAX) has signed an aircraft lease agreement with Asia Aviation Capital Ltd in a related party transaction for a one-year lease of an aircraft bearing MSN1596, with the total contract value — including lease rental and maintenance reserves — estimated at RM30.54 million.</p></div>

<div class=newsTextDataWrapInner><p>According to AAX's Bursa Malaysia filing on Tuesday, Asia Aviation is a wholly-owned subsidiary of AirAsia Bhd, which is in turn a wholly-owned subsidiary of Capital A Bhd.</p></div>

<div class=newsTextDataWrapInner><p>“The additional aircraft is in the same cabin configuration as AAX’s existing fleet, allowing a seamless transition into the fleet.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The transactions will not have any material financial impact on the company and/or its subsidiaries (Group) in the financial year ending December 31, 2023 (FY2023) nor will it have any effect on the share capital and substantial shareholders’ shareholdings of AAX,” it said.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Capital A ended unchanged at 84 sen, valuing the company at RM3.50 billion. Since the beginning of the year, the stock has surged 28.46%.</p></div>

<div class=newsTextDataWrapInner><p>Meanwhile, shares in AAX settled four sen or 2.04% lower to RM1.92, giving it a market capitalisation of RM858.38 million. Year to date, the stock has risen 220%.</p></div>


AirAsia X Bhd (AAX) has signed an aircraft lease agreement with Asia Aviation Capital Ltd in a related party transaction for a one-year lease of an aircraft bearing the serial number MSN1596, with the total contract value — including lease rental and maintenance reserves — estimated at RM30.54 million.

AirAsia X inks RM30.5m aircraft lease agreement with Capital A unit 

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.

In Terengganu, the number of evacuees rose drastically to 221 people being housed in 10 relief centres compared to 29 in the morning.

Floods worsen in Terengganu, Perak while Kelantan latest state hit

Loss-making Classita Holdings Bhd (KL:CLASSITA) is mulling diversifying into the property investment business as it foresees growing demand.

Lingerie maker Classita to diversify into property investment

The COP29 climate summit presidency released a draft finance deal on Friday that would have developed nations take the lead in providing US$250 billion (RM1.11 trillion) per year by 2035 to help poorer nations — a proposal that drew criticism from all sides.

COP29 climate summit draft proposes rich countries pay US$250 bil a year

Volkswagen labour representatives have formally voted for limited strikes in Germany from early December, their union said on Friday, after talks over wages and plant closures failed to achieve a breakthrough.

VW labour representatives vote for strikes from early December

British police said on Friday that a suspicious package left outside the US embassy in London, which was blown up in a controlled explosion, was a hoax device, according to its initial indications.

Police had earlier carried out a controlled explosion near the embassy building, a 12-storey purpose-built glass cube in Nine Elms, south London, and cordoned off some areas.

US embassy in London reopens after suspicious 'hoax' item found

Canadian retail sales rose for the fourth straight month, the longest growth streak since early 2022, signalling the central bank’s interest-rate cuts are boosting consumer spending.

An advanced estimate suggests receipts for retailers jumped 0.7% in October, the strongest pace since July, following a 0.4% gain in September, Statistics Canada said on Friday.

Canada retail rebound accelerates into start of 4Q

Apple Inc and Alphabet Inc risk a formal UK investigation over their dominance of web browsers on mobile phones, according to a provisional decision targeting the tech giants’ stranglehold on mobile operating systems.

Apple, Google risk UK probe over mobile browser dominance

EVENING 5: MACC will continue to investigate Daim and family

MNRB Holdings Bhd (KL:MNRB), in which the Amanah Saham Bumiputera (ASB) holds a 41.88% stake, has appointed Datuk Rudy @ Rodzila Che Lamin as interim president and group chief executive officer (CEO) of the company, effective Friday.

MNRB names Rudy Rodzila Che Lamin as interim president and CEO

EVENING 5: Five things you need to know today

<p>Affin Bank Bhd (KL:AFFIN) on Friday cut some of its key financial expectations for the full year even as net profit surged in the third quarter, as the company continues efforts to improve profitability.</p>


Affin Bank cuts key expectations even as 3Q net profit surges

<p>KUALA LUMPUR (Nov 22): Shares of DRB-Hicom Bhd (KL:DRBHCOM) fell on Friday to their lowest in more than four years, after the automotive-to-banking conglomerate reported weaker than expected quarterly results.</p>


DRB-Hicom shares fall to over four-year low, analysts divided over outlook after 3Q

<p>GEORGE TOWN (Nov 22): Penang&nbsp;welcomed Hong Kong Express’ (HK Express) inaugural direct flight from Hong Kong on Friday, marking a milestone in the state’s tourism development.</p>


Penang welcomes HK Express’ inaugural flight from Hong Kong

<p>Now is an opportune time to accumulate Dayang Enterprise Holdings Bhd (KL:DAYANG) shares given its undemanding valuations, said CGS International.</p>


Good opportunity to accumulate Dayang shares — CGS

<p>CapitaLand Investment Ltd, one of Asia’s largest property investment managers, warned of potential losses as it seeks to extricate itself from China’s real estate crisis.</p>


CapitaLand warns of China losses as Singapore property investor cuts exposure

<p>Gold looked set for its largest weekly gain in over 13 months on Friday as escalating geopolitical tensions drove investors to safe assets, while a tech rebound led Asian equities higher after worries over Nvidia's sales growth eased.</p>


Gold surges over broader Ukraine war fears; tech stocks rebound

<p>KUALA LUMPUR (Nov 22): Berjaya Hartanah Bhd, a wholly owned subsidiary of Berjaya Land Bhd (KL:BJLAND), officially launched on Friday, its latest condominium development named Oaka Residences at Bukit Jalil, Kuala Lumpur. The project has a gross development value (GDV) of RM373 million.&nbsp;</p>


Berjaya Land launches RM373m Oaka Residences in Bukit Jalil

<p>KUALA LUMPUR (Nov 22): Hong Kong-based energy services firm Unity Group Holdings International Ltd said it is planning a secondary listing in Malaysia.</p>


Hong Kong-based Unity Group pursues secondary listing on Bursa Malaysia

<p>Sunway Bhd (KL:SUNWAY) became the best performing constituent member of the FBM KLCI index year to date after its share price breached the RM5 mark on Friday, ahead of its third-quarter (3Q) earnings announcement expected next week. &nbsp;</p>


Sunway is best FBM KLCI constituent YTD after shares shoot past RM5

<p>Inflation in Malaysia picked up slightly and was a tad faster than expected in October as prices of food and personal care products, including jewellery, rose, official data released on Friday showed.</p>


Inflation in Malaysia picks up slightly in October, official data shows

<p>Malaysia's international reserves rebounded and added about US$400 million (RM1.79 billion) by the middle of November.</p>


Malaysia's foreign exchange reserves rebounded to US$118b in mid-November, BNM data show

<p>Top Glove Corp Bhd (KL:TOPGLOV) has entered into a joint venture (JV) with US glove importer Tronex (Asia) Ltd, and Polywel International Trade Co Ltd for the production and distribution of high-density polyethylene (HDPE) gloves.</p>


Top Glove in JV for high density polyethylene glove biz

<p>KUALA LUMPUR (Nov 22): Master Builders Association Malaysia (MBAM) supports the Construction Industry Development Board (CIDB) Malaysia’s decision to retract its quality guidebook for homeowners, said MBAM president Oliver HC Wee.&nbsp;</p>


MBAM supports CIDB’s decision to retract quality guidebook for homeowners

<p>Mah Sing Group Bhd's (KL:MAHSING) M Luna condominium development in Kepong has achieved a Qlassic score of 86%, the highest for an M Series project, according to a press statement on Friday.</p>


Mah Sing's M Luna condo in Kepong achieves 86% Qlassic score

<p>Offshore oil-and-gas services firm Bumi Armada Bhd (KL:ARMADA) said on Friday its third quarter net profit rose 19% from a year earlier as operating margins expanded with lower costs.</p>


Bumi Armada's 3Q net profit rises 19%, no update on merger with MISC's offshore unit

<p>KUALA LUMPUR (Nov 22): Damansara REIT Managers Sdn Bhd, the manager of Al-`Aqar Healthcare REIT &nbsp;(KL:ALAQAR)&nbsp;and Al-Salam REIT&nbsp;(KL:ALSREIT), has appointed Zulhilmy Kamaruddin as its new chief executive officer (CEO) as of Thursday (Nov 21).</p>


Damansara REIT Managers appoints Zulhilmy Kamaruddin as its new CEO

<p>Analysts are projecting a stronger showing from Sunway Construction Group Berhad (KL: SUNCON) in 4Q2024, driven by significant job progress, especially data centre (DC)-led projects.</p>


Analysts expect stronger 4Q for Sunway Construction

<p>Solarvest Holdings Bhd (KL:SLVEST)’s wholly owned subsidiary Atlantic Blue Sdn Bhd has been awarded a RM142 million engineering, procurement, construction and commissioning (EPCC) contract from SM01 Sdn Bhd, a special purpose vehicle (SPV) in which the group owns a 33% stake.</p>


Solarvest bags RM142 mil EPCC job for 30MWac solar plant in Kedah

<p>The Royal Malaysian Police (PDRM) has no information on the whereabouts of wanted businessman Jho Low, who is reportedly in Myanmar, said Inspector-General of Police (IGP) Tan Sri Razarudin Husain.</p>


We have no information on Jho Low's whereabouts, says IGP

<p>Malaysia’s Anti-Corruption Commission (MACC) said on Friday it will continue to investigate the late Tun Daim Zainuddin, his wife and other family members.</p>
