<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 19): IJM Corporation Bhd said Urusharta Jamaah Sdn Bhd, a special purpose vehicle established under the Ministry of Finance, has ceased to be its substantial shareholder after disposing of a 0.08% stake in the group.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The stake sale, comprising 2.5 million shares, took place on March 14, IJM said in a bourse filing on Tuesday.&nbsp; Based on the closing price of RM2.28 on Tuesday, the stake is valued at RM5.7 million.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Following the transaction, Urusharta Jamaah’s shareholding in IJM has fallen to 4.93% — below the 5% threshold required for substantial shareholding status.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>IJM had reported a 34.3% rise in net profit to RM100.43 million for its third quarter ended Dec 31, 2023 from RM74.79 million a year earlier, on the back of higher revenue across all business segments. Total revenue for the quarter was up 34% year-on-year at RM1.48 billion from RM1.1 billion.</p></div>

<div class=newsTextDataWrapInner><p>For the nine-month period, net profit surged 118% to RM294.76 million from RM135.23 million in the corresponding period of the previous financial year, while revenue increased 28.2% to RM4.16 billion from RM3.25 billion.</p></div>

<div class=newsTextDataWrapInner><p>Shares in IJM closed two sen or 0.86% higher at RM2.35 on Tuesday, valuing the group at RM8.24 billion.</p></div>


IJM Corporation Bhd said Urusharta Jamaah Sdn Bhd, a special purpose vehicle established under the Ministry of Finance, has ceased to be its substantial shareholder after disposing of a 0.08% stake in the group.

Urusharta Jamaah ceases to be a substantial shareholder in IJM Corp

BENGALURU (Dec 21): Stellantis has reversed its decision to lay off about 1,100 employees at an Ohio Jeep plant, less than three weeks after the abrupt resignation of chief executive Carlos Tavares, the Franco-Italian automaker said late on Saturday.

Stellantis reverses Ohio layoffs weeks after CEO's abrupt departure

(Dec 22): President-elect Donald Trump selected billionaire Tilman Fertitta as his ambassador to Italy, enlisting a prominent businessman and one-time reality television star for a prime diplomatic post.

Trump taps billionaire restaurateur Fertitta as Italy envoy

(Dec 21): Lara Trump, daughter-in-law of President-elect Donald Trump, said on Saturday that  she has removed her name from consideration to replace outgoing US Senator Marco Rubio.

Lara Trump withdraws from consideration to replace Rubio in US Senate

(Dec 21): A Starbucks Corp strike of unionised baristas has spread to three more cities in the US, disrupting service during the final days of the crucial holiday season.

Starbucks baristas from three more US cities to join strike

KUALA LUMPUR (Dec 22): The Health Ministry (MOH) does not take lightly the resignation of more than 6,000 doctors over the past five years.

MOH does not take lightly resignation of over 6,000 doctors over past five years — Dzulkefly

KUALA LUMPUR (Dec 21): Prime Minister Datuk Seri Anwar Ibrahim held a meeting on Saturday with local and foreign media practitioners to convey the latest developments about the country's direction related to government policies, as well as various current and future issues in Malaysia.

PM conveys country’s development, direction, policies, current and future issues to media practitioners

KUCHING (Dec 21): A supply interruption caused by generator trip at the Bakun Hydroelectric Plant (HEP) on Saturday afternoon has been fully restored to affected consumers in certain parts of Kuching, Sibu, Bintulu and Miri.

Sarawak Energy: Partial power outage fully restored

(Dec 21): The Biden administration is mulling exempting Mexico from tariffs on imported solar equipment, a last-minute change that would primarily benefit Maxeon Solar Technologies Ltd.

Biden mulls tariff break for solar modules from Mexico

Among all precious gems, diamonds are one of the most sought after and prominent — for good reason. It is their rarity, durability and beauty that inspire the managing director of jewellery company Tomei, Datuk Ng Yih Pyng, to keep them as the focus of his star label, Le Lumiere. With over 30 years of experience under his belt, he has witnessed his fair share of industry evolutions. As technology progresses and diamond reserves begin to run dry, a new competitor — lab-grown stones — has entered the market. What does this mean for the stability of the natural gemstone trade, and what can consumers expect to see in the coming year? Ng gives us his thoughts.

Light fantastic

Lion Group’s property division, Lion Group Property, is looking to expand its industrial park portfolio, says the conglomerate’s executive chairman Tan Sri William Cheng.

Moving further into industrial parks

<p>Lion Group’s property division, Lion Group Property, is looking to expand its industrial park portfolio, says the conglomerate’s executive chairman Tan Sri William Cheng.</p>


<p>Among all precious gems, diamonds are one of the most sought after and prominent —&nbsp;for good reason. It is their rarity, durability and beauty that inspire&nbsp;the managing director of jewellery company Tomei, Datuk Ng Yih Pyng, to keep them as the focus of his star label, Le Lumiere. With over 30 years of experience under his belt, he has witnessed his fair share of industry evolutions. As technology progresses and diamond reserves begin to run dry, a new competitor — lab-grown stones — has entered the market. What does this mean for the stability of the natural gemstone trade, and what can consumers expect to see in the coming year? Ng gives us his thoughts.</p>


<p>KUALA LUMPUR (Dec 22): The Health Ministry (MOH) does not take lightly the resignation of more than 6,000 doctors over the past five years.</p>


<p>KUALA LUMPUR (Dec 21): Prime Minister Datuk Seri Anwar Ibrahim held a meeting on Saturday with local and foreign media practitioners to convey the latest developments about the country's direction related to government policies, as well as various current and future issues in Malaysia.&nbsp;</p>


<p>(Dec 21):&nbsp;The Biden administration is mulling exempting Mexico from tariffs on imported solar equipment, a last-minute change that would primarily benefit Maxeon Solar Technologies Ltd.&nbsp;</p>


<p>KUCHING (Dec 21): A supply interruption caused by generator trip at the Bakun Hydroelectric Plant (HEP) on Saturday afternoon has been fully restored to affected consumers in certain parts of Kuching, Sibu, Bintulu and Miri.</p>


<p>(Dec 21):&nbsp;A Starbucks Corp&nbsp;strike of unionised baristas has spread to three more cities in the US, disrupting service during the final days of the crucial holiday season.</p>


<p>(Dec 21):&nbsp;Lara Trump, daughter-in-law of President-elect Donald Trump, said on Saturday that&nbsp; she has removed her name from consideration to replace outgoing US&nbsp;Senator Marco Rubio.</p>


<p>(Dec 22):&nbsp;President-elect Donald Trump selected billionaire Tilman Fertitta as his ambassador to Italy, enlisting a prominent businessman and one-time reality television star for a prime diplomatic post.</p>


<p>BENGALURU (Dec 21): Stellantis&nbsp;has reversed its decision to lay off about 1,100 employees at an Ohio Jeep plant, less than three weeks after the abrupt resignation of chief executive Carlos Tavares, the Franco-Italian automaker said late on Saturday.</p>
