<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 6): Ygl Convergence Bhd (KL:<a href="/askedge/klse/0086" class="ce-stock" target="_blank">YGL</a>) has announced the resignation of Chengco PLT as its auditor.</p></div>

<div class=newsTextDataWrapInner><p>The resignation of Chengco is due to the suspension of its registration by the Audit Oversight Board of the Securities Commission Malaysia, which prohibits the firm from conducting audits of public interest entities and scheduled funds, the group’s bourse filing showed on Tuesday.</p></div>

<div class=newsTextDataWrapInner><p>Ygl said it had received a notice dated May 6 from Chengco of its resignation as auditors of the company, and their term of office will come to an end after 21 days from the notice date.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Further announcement will be made by the company on the appointment of new auditors in due course,” it added.</p></div>

<div class=newsTextDataWrapInner><p>Ygl is principally engaged in the business of marketing and distribution of computer software and hardware, as well as solar installation.</p></div>

<div class=newsTextDataWrapInner><p>The share price of Ygl settled half a sen or 3.85% higher at 13.5 sen on Tuesday, bringing the group a market capitalisation of RM37 million.</p></div>


Ygl Convergence Bhd (KL:YGL) has announced the resignation of Chengco PLT as its auditor.

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YOUR DAY AHEAD: Oct 8, 2026

No bidders turned up at an auction for a six-acre land that the Penang state government intends to sell to raise funds for the long-delayed Ayer Itam road bypass project.

Penang state land auction draws a blank, sources say

Here's a heads up on what to look out for today.

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India’s central bank raised interest rates for the first time in nearly four years and signaled further hikes may be on the table as accelerating inflation and a weakening currency drive a policy pivot.

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Asian stocks were poised for declines, tracking moves on Wall Street as elevated oil prices continued to stoke inflation concerns. Equity-index futures for Japan, Australia and South Korea pointed to a second day of declines for a regional stock gauge

Asian stocks to dip as oil fuels inflation worries

Oil edged higher after a report that the White House asked the Pentagon to draw up strike options against Iran that could be executed before the midterm elections, and as a storm shut some US output.

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A record-breaking run in stocks hit a wall as still-elevated oil prices stoked concerns that potential inflationary pressures could trigger Federal Reserve interest-rate hikes.

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Zetrix AI Bhd (KL:ZETRIX) has confirmed that it owes the Road Transport Department (JPJ) RM314 million in unremitted collections between May and September 2026, and said the liability has been recognised as a payable on its balance sheet.

Zetrix AI confirms RM314m JPJ arrears after Bursa demands direct answer

HSBC said on Wednesday consultations were underway, after the Financial Times (FT) reported that hundreds of jobs were at risk from the bank's adoption of artificial intelligence (AI).

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<p>Police have arrested seven people, including several foreigners, in connection with&nbsp;the theft of 2.5kg of jewellery worth over RM1.7 million from a shopping mall in Genting Highlands, Bentong, in August.</p>


Seven arrested over RM1.7 mil jewellery heist in Genting Highlands

<p>Zetrix AI Bhd (KL:ZETRIX) has confirmed that it owes the Road Transport Department (JPJ) RM314 million in unremitted collections between May and September 2026, and said the liability has been recognised as a payable on its balance sheet.</p>


<p>Malaysia still faces RM20.1 billion in outstanding obligations related to 1Malaysia Development Bhd (1MDB) if no additional funds are recovered, according to the Ministry of Finance (MOF).</p>


Govt still has to bear RM20.1b 1MDB burden if no further funds recovered — MOF

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday.</p>


Yinson, Northern Solar, Aemulus, Datasonic, CIMB, AMMB, PJBumi, MMM Group

<p>Bursa Malaysia Securities has dismissed MMM Group Bhd’s (KL:MMM) appeal against the rejection of its proposed regularisation plan, paving the way for the company to be delisted on Oct 12.</p>


MMM Group to be delisted on Oct 12 as Bursa Malaysia dismisses appeal

<p>British 30-year bond yields rose to a 28-year high on Wednesday as a global bond sell-off pushed equivalent US borrowing costs to their highest since 2002, adding to pressure on finance minister John Healey before his first budget in three weeks' time.</p>


UK 30-year gilt yields hit 28-year high in global sell-off

<p>The additional tax claim against Tenaga Nasional Bhd (KL:TENAGA) will not&nbsp;result&nbsp;in the cost being passed on to consumers through electricity tariff hikes, said the Ministry of Finance (MOF).</p>


TNB's additional tax claim not passed on to consumers via tariffs, says MOF

<p>Lighting solutions provider Speedy Best Holdings Bhd, which also manufactures and sells steel poles and provides smart city solutions, is planning an ACE Market listing to raise funds for capacity expansion and to further develop its proprietary platform that uses artificial intelligence for smart city management.</p>


Speedy Best plans ACE Market IPO to raise funds for capacity expansion

<p>No bidders turned up at an auction for a six-acre land that the Penang state government intends to sell to raise funds for the long-delayed Ayer Itam road bypass project.</p>


<p>Enterprise IT services provider Ancile Tech Bhd has filed its draft prospectus for an initial public offering (IPO) on the ACE Market, as it seeks funds to set up an in-house network operations centre (NOC) and security operations centre (SOC), and expand its business beyond northern Peninsular Malaysia.</p>


IT solutions provider Ancile Tech files draft prospectus for ACE Market listing to fund business expansion

<p>ACE Market-listed Aemulus Holdings Bhd (KL:AEMULUS) has secured new orders worth US$3.86 million (RM15.77 million) from an undisclosed Singapore customer for test systems used in the data centre and artificial intelligence (AI) market.</p>


Aemulus secures RM15.8m orders for data centre, AI test systems from Singapore customer

<p>The Nasdaq and the S&amp;P 500 eased from record highs on Wednesday as Treasury yields and oil prices rebounded, keeping investors cautious as they awaited the minutes of the Federal Reserve's September meeting.</p>


Nasdaq, S&P 500 slip from record highs as yields and oil rebound

<p>The Ministry of Finance (MOF) is finalising&nbsp;a proposal to enact the Statutory Bodies and Controlled Entities (Financial Governance) Act to strengthen the governance of government-owned companies.</p>


MOF finalising proposed law to strengthen governance of govt-owned companies

<p>The government is reviewing a formal agreement with Dapat Vista Sdn Bhd, the company that operates the eJamin system for online payment of court bail, before submitting it to the Cabinet soon.</p>


eJamin: Govt reviewing formal agreement with Dapat Vista before presenting it to Cabinet

<p>Asian stocks were poised for declines, tracking moves on Wall Street as elevated oil prices continued to stoke inflation concerns.&nbsp;Equity-index futures for Japan, Australia and South Korea pointed to a second day of declines for a regional stock gauge</p>


<p>Oil edged higher after a report that the White House asked the Pentagon to draw up strike options against Iran that could be executed before the midterm elections, and as a storm shut some US output.</p>


<p>The holding company of Canada's Weston family has agreed to buy British health and beauty retailer Boots from private equity firm Sycamore Partners and the Pessina family for US$8.9 billion (RM36.4 billion), including debt, it said on Wednesday.</p>


Canada's Weston family buys UK pharmacy chain Boots for US$8.9 bil

<p>Transit routes in the Strait of Hormuz deemed illegal by Iran will soon be closed, an adviser to the Revolutionary Guards' Commander told the semi-official<em> Fars News Agency </em>on Wednesday, referring to the southern pathway hugging Oman's coast.</p>


Iranian official says 'illegal Hormuz routes' to soon be blocked

<p>It’s telling that among the first casualties of David Ellison’s takeover of Warner Bros&nbsp;Discovery Inc&nbsp;were Michael De Luca and Pamela Abdy, the studio executives known for spending freely on auteur-driven films like last year’s best-picture winner, <em>One Battle After Another</em>.</p>


Ellison’s new Skydance seeks to wring more profits from movies

<p>The Ministry of Health (MOH) has proposed making&nbsp;a health insurance protection or contribution mechanism mandatory for refugees and asylum seekers registered under the refugee registration document.</p>
