<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 11): Construction company Fajarbaru Builder Group Bhd (KL:<a href="/askedge/klse/7047" class="ce-stock" target="_blank">FAJAR</a>) has proposed to dispose of its 44.44% stake in an Australian property development company in a related party transaction.</p></div>

<div class=newsTextDataWrapInner><p>The 44.14% stake in BFB Project Pty Ltd is being sold to Mayfair International Investments Pty Ltd — which owns the remaining 55.56% stake — for A$4.2 million (RM12.11 million), Fajarbaru said in an exchange filing.</p></div>

<div class=newsTextDataWrapInner><p>BFB director Chan Jiaheng is also the director and shareholder of Mayfair. The other shareholder of Mayfair is Teh En Yee.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Chan and Teh are the son and daughter-in-law of Fajarbaru executive chairman Tan Sri Chan Kong Choy.</p></div>

<div class=newsTextDataWrapInner><p>The sale was conducted on a "willing-buyer, willing-seller basis", with consideration given to an indicative valuation by KPMG Corporate Advisory Sdn Bhd, which valued the equity in the range of A$3.97 million to A$4.30 million, said Fajarbaru.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Fajarbaru closed two sen or 4.94% higher at 42.5 sen on Friday, giving the company a market capitalisation of RM312.63 million. Year-to-date, the stock has appreciated by 46.55%.<br />
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Construction company Fajarbaru Builder Group Bhd (KL:FAJAR) has proposed to dispose of its 44.44% stake in an Australian property development company in a related party transaction.

Fajarbaru to sell 44.44% stake in Australian property company

Malaysia’s medical costs spiralled by an alarming 12.6% in 2023, more than double the global average of 5.6%.

This is worrisome. The steep rise in medical costs not only raises insurance premiums for individuals and companies, but also exerts greater pressure on the public healthcare sy...

Frankly Speaking: Healthcare reforms the remedy for medical inflation

AS it turns out, Temasek Holdings Pte Ltd’s wholly-owned Singapore Technologies Telemedia Pte Ltd (ST Telemedia) did effectively have a “majority stake” — possibly up to 71% via certain convertible instruments — in Malaysia’s second 5G spectrum holder U Mobile Sdn Bhd before ST Telemedia entered ...

Temasek’s ST Telemedia had over 70% in U Mobile via convertibles, prior to ‘majority stake’ sale to Vincent Tan, Johor princess 

TopVision Eye Specialist Bhd (KL:TOPVISN) said it would be premature to comment on the potential impact of the government's recent intention to regulate charges for private healthcare providers.

TopVision: Too early to assess impact of govt's move to regulate healthcare charges

CARLO Rino Group Bhd (KL:CRG) has adopted a cautious stance on the retail outlook as the group gears up for its listing transfer to the ACE Market from the LEAP Market on Dec 18.

While acknowledging rising operating costs and subdued consumer sentiment as key hurdles, its group managing...

IPO Watch: ACE Market-bound Carlo Rino banks on civil servants’ pay hike and festive spending to drive growth 

DRB-Hicom Bhd (KL:DRBHCOM) said has inked memoranda of understanding (MOU) with two government bodies, namely with Malaysian Investment Development Authority (Mida) and Malaysia Automotive, Robotics and IoT Institute (MARii) to promote the enhancement and transformation of Malaysia’s automotive industry in the Automotive Hi-Tech Valley (AHTV) project in Tanjung Malim, Perak.

DRB-Hicom, Geely ink MOUs with Mida, MARii to spearhead next-gen vehicle production in Tanjung Malim

Fiuu: Leading the Charge in Transforming Malaysia’s Payments Landscape with Real-Time Payment Solutions

IT services provider Infomina Bhd (KL:INFOM) has accepted a purchase order valued at US$2.6 million (approximately RM11.6 million) for the provision of technology application, infrastructure operations, maintenance, and support services.

Infomina secures US$2.6 mil technology services order from Hong-Kong based firm

TOKYO/SINGAPORE (Dec 16): Bitcoin surged to a record high above US$106,000 (RM472,523) on Monday, after President-elect Donald Trump suggested he plans to create a US bitcoin strategic reserve similar to its strategic oil reserve, stoking the enthusiasm of crypto bulls.

Bitcoin surges above US$106,000 on strategic reserve hopes

THE listing of TMK Chemical Bhd (KL:TMK) on the Main Market of Bursa Malaysia will take place on Thursday, Dec 12.

At an initial public offering (IPO) price of RM1.75 per share, TMK — which specialises in chemical management and storage solutions — will have a market capitalisation of R...

IPO Watch: Main Market debut for TMK Chemical this Thursday 

KUALA LUMPUR (Dec 16): Shares in Supermax Holdings Bhd (KL:SUPERMX) rose to their highest in nearly three years in active trade on Monday morning, amid US’ efforts to boost nitrile-glove production there.

Supermax climbs to three-year high on active trade 

<p>YTL Power International Bhd's (KL:YTLPOWR) data centres are well on track, with the second phase of 8MW under Johor Data Centre 1 (JDC1) expected to come online by end-2024, according to MIDF Research.</p>


MIDF Research: YTL Power on track to deliver data centres, with second 8MW under Johor Data Centre 1 to come online by year end

<p>TopVision Eye Specialist Bhd (KL:TOPVISN) shares staged a strong debut on the ACE Market on Monday, as it looked to raise close to RM18 million from its initial public offering (IPO).</p>


TopVision shares stage strong debut on ACE Market

<p>KUALA LUMPUR (Dec 16): TNG Digital Sdn Bhd urges users to verify their TNG eWallet accounts for better security, according to its statement on Monday.</p>


TNG Digital urges users to complete acct verification via eKYC tech from Dec 20

<p>KUALA LUMPUR (Dec 15): The International Monetary Fund (IMF) has commended Malaysia’s economic reforms, notably the introduction of the Public Finance and Fiscal Responsibility Act (FRA) 2023, and the successful implementation of electricity and diesel subsidy reforms.&nbsp;</p>


IMF credits Malaysia’s economic reforms, calls for further action to strengthen resilience

<p>(Dec&nbsp;16):&nbsp;Asian stocks are set to fall on Monday, ahead of a swath of Chinese data and a vow from the nation’s regulators to stabilise markets. South Korean assets will be closely watched after President Yoon Suk Yeol was&nbsp;impeached.&nbsp;</p>


Asia wary of Fed rate future, China data disappoints

<p>(Dec&nbsp;16) :&nbsp;Australia’s markets watchdog sued HSBC Bank of Australia Ltd&nbsp;for failing to protect customers who lost millions of dollars in scams.&nbsp;</p>


HSBC sued by Australian regulator for scam loss failures

<p>Gamuda Bhd's (KL:Gamuda) Australian subsidiary DT Infrastructure Pty Ltd has secured a A$625 million (RM1.8 billion) engineering, procurement and construction (EPC) job for the Goulburn River Solar Farm project.</p>


Gamuda's Australian unit bags RM1.8 bil EPC job for Goulburn River Solar Farm

<p>The International Monetary Fund (IMF) has assessed Malaysia's current monetary policy stance as appropriate but emphasised that Bank Negara Malaysia has to be ready to tighten policy in 2025 amid inflation risks.</p>


IMF: Malaysia's neutral monetary policy 'appropriate' but brace for inflation risks in 2025

<p>(Dec&nbsp;16) :&nbsp;Wall Street is starting to sour on the dollar as President-elect Donald Trump’s policies and the Federal Reserve’s interest-rate cuts will likely put pressure on the greenback in the latter portion of 2025.</p>


Dollar’s trump-fuelled gains face a reality check late next year

<p>KUALA LUMPUR (Dec 16): The High Court here has ordered former prime minister Tan Sri Muhyiddin Yassin to pay RM400,000 to DAP chairman Lim Guan Eng by year’s end, and the remaining RM1 million by Jan 27 next year.&nbsp;</p>


High Court orders Muhyiddin to pay RM400k to Guan Eng by year’s end, and balance RM1m by Jan 27

<p>China's industrial output growth quickened slightly in November, while retail sales disappointed, keeping pressure on Beijing to ramp up stimulus for a fragile economy as it braces for more US trade tariffs under a second Trump administration.</p>


China's weak consumption drags on economy as Trump tariff threat looms

<p>Grab Holdings Ltd’s ability to cut costs and edge out rivals in Southeast Asia’s ride-hailing arena helped push its share performance above global peers this quarter, with some analysts citing further gains ahead.</p>


Grab stock’s big quarter has some analysts seeing further gains

<p>TOKYO/SINGAPORE (Dec 16): Bitcoin&nbsp;surged to a record high above US$106,000 (RM472,523) on Monday, after President-elect&nbsp;Donald Trump&nbsp;suggested he plans to create a US&nbsp;bitcoin&nbsp;strategic reserve&nbsp;similar to its strategic oil reserve, stoking the enthusiasm of&nbsp;crypto&nbsp;bulls.</p>


<p>KUALA LUMPUR (Dec 16): Shares in Supermax Holdings Bhd (KL:SUPERMX) rose to their highest in nearly three years in active trade on&nbsp;Monday morning, amid US’ efforts to boost nitrile-glove production there.</p>


<p>KUALA LUMPUR (Dec 16): Yinson Holdings Bhd (KL:YINSON), whose share price dropped nine sen in the morning session on Monday, is expected to see strong earnings ahead, as it gears up to deliver multiple major floating production storage and offloading (FPSO) units, with new opportunities on the horizon, said analysts.&nbsp;</p>


Yinson poised for strong earnings growth amid major FPSO deliveries, say analysts

<p>(Dec&nbsp;16) :&nbsp;What was supposed to be a comeback year for Boeing Co. has turned into its worst stock-market plunge since 2008, and if Wall Street is right, the plane-maker’s shares may have only a modest recovery in store in 2025.&nbsp;</p>


Boeing’s year of crisis leaves investors wary of beaten-up stock

<p>(Dec&nbsp;16) : South Korea’s currency and its stock market will take centre stage on Monday, as investors respond to a weekend vote to impeach President Yoon Suk Yeol following his attempt to impose martial law.</p>


Korean won, stocks take spotlight after impeachment vote

<p>(Dec 16):&nbsp;Chinese President Xi Jinping dismissed internal divisions within the ruling Communist Party as unavoidable, while calling for greater efforts to instil&nbsp;discipline, according to newly disclosed remarks he made at an anti-graft meeting in January.</p>


Xi says ‘inevitable’ for ruling party to have internal conflicts

<p>The Malaysian Iron and Steel Industry Federation (Misif) has called for the Independent Steel Committee (ISC) to release the findings of its study conducted, including recommendations and proposals, to the public.</p>


Misif urges the release of Independent Steel Committee’s study  

<p>Advancecon Holdings Bhd (KL:ADVCON) has bagged a main infrastructure work contract worth RM44.6 million by Sime Darby Property Bhd (KL:SIMEPROP) for the development at Elmina West.</p>
