<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 26): Proven Venture Capital Ltd has disposed of its entire stake in PUC Bhd and ceased to be a substantial shareholder of the group, its Bursa Malaysia filing showed on Friday.</p></div>

<div class=newsTextDataWrapInner><p>Proven Venture has disposed of 185.87 million shares or a 7.85% stake in the technology group via an off-market transaction on Friday.</p></div>

<div class=newsTextDataWrapInner><p>The disposal came months after Proven Venture emerged as the substantial shareholder of the integrated media services and payment solutions provider in October last year via private placement subscription.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Notably, Proven Venture is jointly owned by more than 100 limited partners consisting of high-net-worth entities and individuals.</p></div>

<div class=newsTextDataWrapInner><p>PUC's largest shareholder is GPVF Sdn Bhd, an indirect unit of Genting Plantations Bhd, with an 8.92% stake.</p></div>

<div class=newsTextDataWrapInner><p>In the recently announced third quarter ended Sept 30, 2023 (3QFY2023), PUC registered a net profit of RM1 million on the back of revenue of RM14.67 million.</p></div>

<div class=newsTextDataWrapInner><p>Shares in PUC closed unchanged at four sen, giving it a market capitalisation of RM98.71 million.</p></div>


Proven Venture Capital Ltd has disposed of its entire stake in PUC Bhd and ceased to be a substantial shareholder of the group, its Bursa Malaysia filing showed on Friday.

Proven Venture disposes of entire stake in PUC

New Zealand retail spending fell for a second straight quarter as high interest rates dented consumer sentiment, adding to signs the economy was in recession in the middle of the year.

New Zealand retail spending slows again, pointing to recession

A US agency that agreed to lend more than US$500 million (RM2.46 billion) to an Adani Group-backed port development in Sri Lanka said it’s still conducting due diligence on the project, following bribery allegations against the conglomerate’s billionaire founder and other top executives.

US development agency conducting due diligence on Adani’s Sri Lanka project

The Australian government on Monday will introduce legislation to implement production tax incentives for renewable hydrogen and critical minerals to help boost investment in the sector, which could play a major role in energy transition plans.

Australia to propose tax incentives for critical minerals

The engine of a Russian-made passenger plane caught fire after landing at southern Turkey's Antalya Airport on Sunday, the Turkish transport ministry said in a statement.

Russian-made plane engine catches fire after landing in Turkey's Antalya

Economists expect Chinese exports to reach a historical high this year as customers rush to front-load orders given President-elect Donald Trump’s threat of higher tariffs when he takes office in January.

Chinese exports to hit record this year before second Trump term

The dollar fell and Bitcoin’s rally stalled as traders viewed Donald Trump’s pick of Scott Bessent for Treasury Secretary as a measured choice, tempering some of the more fevered bets spurred by the president-elect’s victory.

US dollar falls as Treasury pick tempers Trump bets

Kenanga Investment Bank Bhd (Kenanga) continues to strengthen its dedication to combating fraud and promoting ethical conduct with the launch of its eighth annual Fraud Awareness Week (FAW). This initiative aligns with the United Nations Global Compact’s 10th Principle, underscoring the group’s steadfast commitment to integrity and its ongoing fight against corruption.

Kenanga Investment Bank highlights collective efforts against fraud

Note from the publisher: Raising the bar for real estate excellence

Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA). This is the second time it has done so, the first time being in 2009. It was also the joint winner of the Best in Qualitative Attributes sub-award this year.

Sime Darby Property takes top spot at The Edge Malaysia Top Property Developers Awards 2024

From self-proclaimed tree hugger to key driver of Malaysia’s top property development company, Datuk Seri Azmir Merican is not your typical bricks-and-mortar guy.

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<p>The dollar fell and Bitcoin’s rally stalled as traders viewed Donald Trump’s pick of Scott Bessent for Treasury Secretary as a measured choice, tempering some of the more fevered bets spurred by the president-elect’s victory.</p>


<p>Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA). This is the second time it has done so, the first time being in 2009. It was also the joint winner of the Best in Qualitative Attributes sub-award this year.</p>


<div class="ceonothumb pb-5 imgw-800 mx-auto d-block"><a class="mobx embedimg-icon" data-desc="Ho (back row,centre), The Edge Malaysia editor-in-chief Kathy Fong (front row, second from left) with the City &amp; Country team — (front row, from left)  writer Priya Devan, senior editor E Jacqui Chan, ...

<p>The Edge Malaysia-PAM Green Excellence Award debuted 14 years ago to recognise green buildings with outstanding and exemplary attributes beyond those embraced for formal green building certification.</p>


The Edge Malaysia-PAM Green Excellence Award 2024 Judges - Judges’ citation

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Top Property Developers Awards judges’ comments

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<p>The latest models in Google’s flagship series, the Pixel 9 and Pixel 9 Pro, hit the market this August with much fanfare. After some hands-on time with the Pixel 9, it’s clear it has standout features, but as with any device, it’s not without a few quirks.</p>

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<p>Economists expect Chinese exports to reach a historical high this year as customers rush to front-load orders given President-elect Donald Trump’s threat of higher tariffs when he takes office in January.</p>


<p>The season for gifting and being jolly is here again. Sometimes, finding the right present can be stressful, especially when there isn’t much time left to make your purchases. Here are some simple, trendy and functional techy Christmas gifts to get for your loved ones.</p>

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<p>Sunway Property, the property division of Sunway Bhd (KL:SUNWAY), achieved strong growth in 2023, mainly driven by strategic launches, significant land acquisitions and key project completions. It launched RM4.4 billion worth of projects in Malaysia, Singapore and China that year alone.</p>


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