<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 8): Alliance Bank Bhd (KL:<a href="/askedge/klse/2488" class="ce-stock" target="_blank">ABMB</a>) said its rights issue of two new shares for every 17 shares held has been oversubscribed by 55.1%</p></div>

<div class=newsTextDataWrapInner><p>The bank received 282.47 million acceptances and excess rights shares applications for the 182.12 million rights shares available for subscription, according to a filing with Bursa Malaysia on Tuesday.</p></div>

<div class=newsTextDataWrapInner><p>The rights shares are expected to be listed on the Main Market of Bursa Securities on July 15, the filing said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The rights shares were offered at RM3.33 per share and are expected to raise gross proceeds of RM606.49 million.</p></div>

<div class=newsTextDataWrapInner><p>Alliance Bank said the proceeds will mainly be used to fund its working capital, including investments in government securities, treasury bills, money market and non-money market instruments.</p></div>

<div class=newsTextDataWrapInner><p>Alliance Bank shares closed up 10 sen or 2.27% at RM4.50, bringing the group a market capitalisation of RM7.79 billion. Over the past one-year, the stock has risen 18%.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/node/757468" target="_blank">Alliance Bank expects OPR to remain at 3% amid stable economic growth</a><br />
<a href="https://theedgemalaysia.com/node/748875" target="_blank">Alliance Bank proposes renounceable rights issue of shares to raise RM600m</a></em><br />
&nbsp;</p></div>


Alliance Bank Bhd (KL:ABMB) said its rights issue of two new shares for every 17 shares held has been oversubscribed by 55.1%

The bank received 282.47 million acceptances and excess rights shares applications for the 182.12 million rights shares available for subscription, according to a filing with Bursa Malaysia on Tuesday.

Alliance Bank says rights issue oversubscribed by 55%

PUTRAJAYA (Oct 8): Prime Minister Datuk Seri Anwar Ibrahim held a four-eyed meeting with Myanmar President Min Aung Hlaing at Perdana Putra Complex here on Thursday.

Anwar, Min Aung Hlaing hold four-eyed meeting, delegation talks

Gold prices edged higher on Thursday as the dollar eased from an 18-month peak, helping bullion recover from a two-month low, while traders weighed the prospect of another US Federal Reserve (Fed) rate hike this year.

Gold prices recover from two-month low as dollar rally stalls

SEOUL (Oct 8): The suspect behind recent cyberattacks targeting South Korea's financial sector may be a 26-year-old based in China's Guangdong province who used a Chinese-developed AI agent toolcalled ARTEX and Anthropic's ClaudeCode, US cybersecurity firm CrowdStrike said.

CrowdStrike says China-based suspect used AI tools in South Korean bank hacks

Analysts see the recent weakness in crude palm oil (CPO) prices as a buying opportunity for plantation stocks ahead of a potential supply tightening in 2027.

Buy plantation stocks on CPO dip, analysts say, ahead of tighter supply next year

Just south of Penang, the historic trading island off Malaysia’s northwest coast, excavators are turning a stretch of blue-green sea into a new, man-made island. Dump trucks crisscross freshly reclaimed sand as orange pipes snake across the emerging land mass, carrying fill pumped from dredgers offshore.

Malaysia builds a new ‘Silicon Island’ to house its AI ambitions

SEOUL (Oct 8): South Korean battery maker LG Energy Solution said on Thursday that the company expects its July-September operating profit to rise 25.7% to 756 billion won (US$564.09 million).

LG Energy Solution flags 26% rise in 3Q operating profit

NEW YORK (Oct 8): Oil prices rose on Thursday on persistent worries about supply from the key Middle East producing region amid an increase in attacks on shipping in the Gulf and the Strait of Hormuz.

Oil rises as Middle East supply concerns persist amid shipping attacks

BOSTON/NEW YORK (Oct 7): The US Securities and Exchange Commission (SEC) said on Wednesday that it will not charge top asset managers over their actions with a climate group ahead of ExxonMobil's 2021 shareholder meeting.

US SEC will not charge top funds over climate concerns but warns of disclosure obligations

KUALA LUMPUR (Oct 8): Lim Seong Hai Capital Bhd (KL:LSH) opened higher in its first day on the Main Market following the construction firm’s transfer from ACE Market.

Lim Seong Hai Capital opens higher on Main Market following listing transfer

SYDNEY (Oct 8): Asian shares slipped on Thursday as strains in sovereign bond markets were aggravated by reports some major tech companies were seeking to raise billions in debt in direct competition for limited funding.

Asia shares subdued, bonds swamped by AI debt wave

<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>


Zetrix AI confirms RM314m JPJ arrears after Bursa demands direct answer

<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>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>


Penang state land auction draws a blank, sources say

<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>In recent times, it is not politicians, but bond vigilantes, who hold the most power over the global economy. In 2022, then-newly minted UK Prime Minister Liz Truss presided over a meltdown in the UK government bond market after her government announced sweeping tax cuts without any corresponding spending adjustments.</p>


We have to thank the bond markets for telling the truth: Tharman

<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>Just south of Penang, the historic trading island off Malaysia’s northwest coast, excavators are turning a stretch of blue-green sea into a new, man-made island. Dump trucks crisscross freshly reclaimed sand as orange pipes snake across the emerging land mass, carrying fill pumped from dredgers offshore.</p>


<p>SYDNEY (Oct 8): Asian shares slipped on Thursday as strains in sovereign bond markets were aggravated by reports some major tech companies were seeking to raise billions in debt in direct competition for limited funding.</p>


<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>KUALA LUMPUR (Oct 8): Lim Seong Hai Capital Bhd (KL:LSH) opened higher in its first day on the Main Market following the construction firm’s transfer from ACE Market.&nbsp;</p>


<p>NEW YORK (Oct 8): Oil prices rose on Thursday on persistent worries about supply from the key Middle East producing region amid an increase in attacks on shipping in the Gulf and the Strait of Hormuz.</p>


<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>SEOUL (Oct 8): Samsung Electronics on Thursday projected its quarterly profit would top 100 trillion won, a world first for a technology company, estimating a nearly nine-fold jump in third-quarter earnings as booming demand for AI chips drove strong memory sales.</p>


Samsung flags US$80 bil profit on AI boom, highest quarterly for any tech company

<p>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.</p>


US stocks fall from all-time highs on inflation worry

<p>Here's a heads up on what to look out for today.</p>


YOUR DAY AHEAD: Oct 8, 2026 

<p>Analysts see the recent weakness in crude palm oil (CPO) prices as a buying opportunity for plantation stocks ahead of a potential supply tightening in 2027.</p>


<p>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.&nbsp;</p>


RBI signals further rate hikes as price pressures intensify

<p>The Sarawak State Legislative Assembly is expected to be dissolved in November or two weeks after the state's budget for 2027 is passed.</p>


Sarawak state assembly could be dissolved in November, says Abdul Karim

<p>The International Energy Agency's (IEA) member countries stand ready to release additional oil from their strategic reserves if necessary and will prioritise diesel due to tight supplies of the fuel, the head of the IEA said on Wednesday.</p>
