<div class=newsTextDataWrapInner><p>(Oct 22): Horizon Robotics, a Chinese provider of software and hardware used in autonomous driving systems, priced its Hong Kong initial public offering at the top of the range to raise HK$5.4 billion (RM3 billion), according to terms of the deal obtained by <em>Bloomberg News</em>.</p></div>

<div class=newsTextDataWrapInner><p>The company priced the shares at HK$3.99 each, the terms show. It has been taking orders for 1.36 billion shares at a range of HK$3.73 to HK$3.99 each.</p></div>

<div class=newsTextDataWrapInner><p>Horizon Robotics expects to list shares Thursday (Oct 24).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Order books were covered shortly after the company started taking investor orders last week, <em>Bloomberg News</em> reported, reflecting strong demand for one of Hong Kong’s biggest IPOs this year. Alibaba Group Holding Ltd and Baidu Inc are among the cornerstone investors — which commit to holding shares for at least six months — that have agreed to buy a total of about US$220 million (RM950.99 million) of Horizon Robotics stock in the offering.</p></div>

<div class=newsTextDataWrapInner><p>Horizon Robotics is set to debut a day after China Resources Beverage Holdings Co, which also priced its Hong Kong IPO at the top end of the marketed range.</p></div>

<div class=newsTextDataWrapInner><p>Hong Kong’s benchmark Hang Seng Index is up 20% this year following four years of losses.</p></div>

<div class=newsTextDataWrapInner><p>Goldman Sachs Group Inc, Morgan Stanley and China Securities International were joint sponsors for the IPO.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Arion Yeow</em></p></div>


Horizon Robotics, a Chinese provider of software and hardware used in autonomous driving systems, priced its Hong Kong initial public offering at the top of the range to raise HK$5.4 billion (RM3 billion), according to terms of the deal obtained by Bloomberg News.

Horizon Robotics raises US$696 mil in Hong Kong IPO

All parties to Israel-Hamas war have agreed that the Gaza ceasefire will take effect at 8.30am local time on Sunday, a few hours earlier than had been anticipated, Qatar announced.

Gaza ceasefire to start on Sunday morning following Israeli approval

South Korea’s impeached President Yoon Suk Yeol appeared in court on Saturday to argue against a request for his detention to be extended after his arrest earlier this week.

Impeached S Korean president Yoon defends himself in court against longer detention

The Ministry of Transport (MOT) will hold talks with the Road Transport Department (JPJ) to enable the mobile application for the selling and buying of used motorcycles to be integrated with the mySIKAP system for simpler, faster and safer transactions.

MOT, JPJ to discuss integrating app for buying and selling used motorcycles with mySIKAP

The Malaysian Anti-Corruption Commission (MACC) has detained four more individuals suspected of accepting bribes in return for assisting in processing and approving personal loan applications submitted by a financial consultancy firm.

MACC arrests four more suspects over loan bribery scandal

Phase 3 of the e-invoicing initiative has received over 4,900 early voluntary participants, according to the Inland Revenue Board (IRB).

In a statement on Saturday, the IRB noted that the e-invoicing implementation had now entered the second phase and shown a promising increase in participation.

Over 4,900 early voluntary participants in Phase 3 of e-invoicing, says IRB

JF Technology Bhd (KL:JFTECH) co-founder and managing director Datuk Foong Wei Kuong, who became the second-largest shareholder of Cosmos Technology International Bhd (KL:COSMOS) on Wednesday, said he intends to tap into the growing opportunities within Malaysia's water infrastructure sector.

JF Tech boss sees water infrastructure potential in Cosmos as he becomes second-largest shareholder

Deutsche Lufthansa AG completed the acquisition of a minority stake in Italian carrier ITA Airways late on Friday after first making an offer for its competitor in January 2023.

Lufthansa finalises deal for 41% stake in Italy’s ITA Airways

Malaysia's economy is projected to grow at a moderate pace of 4.5% to 5.0% in 2025, benefiting from strong economic fundamentals and an uptick in foreign investments, Hong Leong Bank Bhd or HLB (KL:HLBANK) said.

HLB forecasts M'sian economic growth at moderate pace of 4.5% to 5% in 2025

A four-day road ban on goods vehicles will be enforced in conjunction with the Chinese New Year celebration to alleviate traffic congestion and minimise the risk of accidents.

MOT to enforce road ban on goods vehicles during Chinese New Year

Discussions are underway between the Malaysian Communications and Multimedia Commission (MCMC) and Microsoft, the owner of LinkedIn, regarding the licensing of the social media platform, said Communications Minister Fahmi Fadzil.

MCMC discussing LinkedIn licensing with platform owner Microsoft, says Fahmi

<p>Long queues were spotted at Sports Toto Bhd's (KL:SPTOTO) outlets across Malaysia on Saturday, as eager punters lined up for a chance to strike it rich with the record-breaking RM100 million Supreme 6/58 jackpot.</p>


Nationwide frenzy: Long queues at Sports Toto outlets as punters hope to win RM100m jackpot

<p>JF Technology Bhd (KL:JFTECH) co-founder and managing director Datuk Foong Wei Kuong, who became the second-largest shareholder of Cosmos Technology International Bhd (KL:COSMOS) on Wednesday, said he intends to tap into the growing opportunities within Malaysia's water infrastructure sector.</p>


<p>Malaysia's economy is projected to grow at a moderate pace of 4.5% to 5.0% in 2025, benefiting from strong economic fundamentals and an uptick in foreign investments, Hong Leong Bank Bhd or HLB (KL:HLBANK) said.</p>


<p>The Malaysian Anti-Corruption Commission (MACC) has detained four more individuals suspected of accepting bribes in return for assisting in processing and approving personal loan applications submitted by a financial consultancy firm.</p>


<p>The Ministry of Transport (MOT) will hold talks with the Road Transport Department (JPJ) to enable the mobile application for the selling and buying of used motorcycles to be integrated with the mySIKAP system for simpler, faster and safer transactions.</p>


<p>A four-day&nbsp;road ban on goods vehicles will be enforced in conjunction with&nbsp;the Chinese New Year celebration to alleviate traffic congestion and minimise&nbsp;the risk of accidents.</p>


<p>Discussions are underway between the Malaysian Communications and Multimedia Commission (MCMC) and Microsoft, the owner of LinkedIn, regarding the licensing of the social media platform, said Communications Minister Fahmi Fadzil.</p>


<p>Phase 3 of the e-invoicing initiative has received over 4,900 early voluntary participants, according to the Inland Revenue Board (IRB).</p>

<p>In a statement on Saturday, the IRB&nbsp;noted that the e-invoicing implementation had now entered the second phase and shown a promising increase in participation.</p>


<p>South Korea’s impeached President Yoon Suk Yeol appeared in court on Saturday to argue against a request for his detention to be extended after his arrest earlier this week.&nbsp;</p>


<p>Deutsche Lufthansa AG completed the acquisition of a minority stake in Italian carrier ITA Airways late on Friday after first making an offer for its competitor in January 2023.&nbsp;</p>


<p>Social enterprises have a vital role to play in addressing societal challenges and giving back to the community. Focusing on sustainable solutions and ensuring social welfare, these organisations’ earnest efforts greatly benefit communities and the environment. <em>City &amp; Country</em> speaks ...