<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 3): Metro Healthcare Bhd (KL:<a href="/askedge/klse/0329" class="ce-stock" target="_blank">METRO</a>) said businessman Sheikh Mohd Nasarudin, a scion of the Naza family, has emerged as a substantial shareholder in the obstetrics and gynaecology healthcare service provider with a 5.021% stake.</p></div>

<div class=newsTextDataWrapInner><p>Nasarudin is the son of the late Tan Sri SM Nasimuddin SM Amin, founder of the Naza Group.</p></div>

<div class=newsTextDataWrapInner><p>The businessman acquired 284,500 shares of Metro Heathcare via the open market on Oct 1, raising his direct stake to 4.597%. He also holds an indirect interest of 0.424% in the company, according to the company's bourse filing.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>While the transaction price was not disclosed, the block would have cost him about RM65,435, based on Metro Healthcare’s closing price of 23 sen that day.</p></div>

<div class=newsTextDataWrapInner><p>Metro Healthcare runs a chain of in vitro fertilisation (IVF) centres. Its largest shareholder is executive vice-chairman Dr Tay Swi Peng @ Tee Swi Peng with a 48.46% stake, followed by non-independent non-executive director Kong Lan Moon with 19.49%.</p></div>

<div class=newsTextDataWrapInner><p>Metro Healthcare’s shares closed unchanged at 22.5 sen on Friday, giving the company a market value of RM220.3 million.</p></div>

<div class=newsTextDataWrapInner><p>Listed on the ACE Market in November last year, the counter has shed 10% from its initial public offering price of 25 sen.</p></div>


Metro Healthcare Bhd (KL:METRO) said businessman Sheikh Mohd Nasarudin, a scion of the Naza family, has emerged as a substantial shareholder in the obstetrics and gynaecology healthcare service provider with a 5.021% stake.

Naza Group's Sheikh Mohd Nasarudin emerges as substantial shareholder in Metro Healthcare

A selloff in chipmakers weighed on stocks, offsetting a slump in oil prices driven by hopes for diplomatic efforts to end the war in Iran. West Texas Intermediate settled near US$96.50 a barrel. While most S&P 500 firms rose, the index fell amid technology weakness

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Marvell Technology Inc has reached a deal to buy data centre optics maker Lumentum Holdings Inc at an enterprise value of US$115 billion (RM466.4 billion), one of the biggest tech tie-ups ever, in a race to capitalise on the artificial intelligence (AI) boom.

Marvell reaches US$115 bil deal for Lumentum 

Wall Street's main indices rose on Monday as oil prices tumbled more than 6% on hopes of a US-Iran peace deal, with investors also bracing for Tuesday's midterm elections and another busy week of earnings.

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On a typically muggy Taipei day, dozens of eager Taiwanese investors packed into a conference room. Their latest obsession: the sprawling suburbs of the Arizona desert, more than 7,000 miles from the dense neighbourhoods and narrow alleys of the island metropolis.

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A hacking attack on European supermarkets spread across the continent on Monday, hitting fridges and freezers from Sweden to Belgium and forcing stores to throw away food in an incident that echoed a similar attack in France last month.

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US manufacturing activity picked up in October, supported by the strongest production growth in nearly five years.

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Anthropic PBC reported third-quarter (3Q) revenue of nearly US$17 billion (RM68.95 billion) as of Sept 30, a twelve-fold increase versus the same period a year ago that’s set to stoke anticipation for the artificial intelligence (AI) lab’s potentially record-breaking  initial public offering (IPO).

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Oracle plans to raise US$20 billion (RM81.4 billion) through bond and share sales, regulatory filings showed on Monday, as the software giant taps investors to fund its costly AI and cloud infrastructure build-out.

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Chinese regulators have rolled out a handful of measures, from conducting swap operations to upgrading a lending facility for stock buybacks by listed companies, as part of efforts to stabilise struggling capital markets.

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<p>Tony Lim, the founder of popular Malaysian food and beverage (F&amp;B) chains BananaBro and Boat Noodle, has died at the age of 47.</p>


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<p>The Seremban High Court on Monday ruled that the appointment of lawyers in private practice to represent Negeri Sembilan state secretary Datuk Mohd Zafir Ibrahim and the state government is valid under Section 24(3) of the Government Proceedings Act 1956.</p>


High Court dismisses Negeri Sembilan excos objection against private lawyers representing state govt, state secretary   

<p>Google is allocating US$160 million (RM651 million) to fund new shared water infrastructure in Negeri Sembilan to support local community needs and its upcoming data centre operations at the Springhill Industrial Park in Port Dickson.</p>


Google allocates RM651m to build water infrastructure in Negeri Sembilan

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


United Malacca, Handal Energy, CTOS Digital, ISF Group, Mega Fortris, GIIB, Ni Hsin, Econpile, Infomina, Signature Alliance, Pekat, Kretam

<p>Infomina Bhd (KL:INFOM) has secured a five-year appointment from US technology company Broadcom to distribute and support its Agile Operations Division (AOD) software across 13 Asia Pacific markets, expanding its regional presence and enterprise software offerings.</p>


Infomina secures five-year Broadcom appointment to expand software business across 13 Asia Pacific markets

<p>The Seremban High Court on Monday has allowed the Negeri Sembilan Dewan Keadilan dan Undang (DKU) to intervene in the suit brought by 10 former state executive councilors against the state secretary Datuk Mohd Zafir Ibrahim and the state government, to challenge their removal from the executive council.</p>


Negeri Sembilan DKU allowed to intervene in former excos’ suit, but not its secretary

<p>Reservoir Link Energy Bhd (KL:RL) said on Monday its 60%-owned unit has been appointed as a panel contractor for PETRONAS’s research arm.</p>


Reservoir Link appointed panel contractor for PETRONAS research unit

<p>Prosper Trading Sdn Bhd's failure to initially recognise Australian-listed PRL Global Ltd and its wholly owned subsidiary as persons acting in concert (PACs) led to its collective shareholding in United Malacca Bhd (KL:UMCCA) crossing the 33% takeover threshold in September 2024, triggering a mandatory general offer (MGO) that was not made at the time.</p>


Prosper's overlooked PRL Global ties behind delayed United Malacca takeover offer

<p>Northern Solar Holdings Bhd (KL:NORTHERN) has secured two letters of award to supply renewable energy from solar projects with a combined capacity of 189 megawatts (MW), coupled with battery storage systems, to two data centre projects.</p>


Northern Solar secures solar-plus-battery projects totalling 189MW for data centres

<p>Singapore has denied investigating a Chinese executive reportedly close to Nvidia chief Jensen Huang, rejecting claims made in a <i>Wall Street Journal</i> report that authorities were "concerned" about possible Chinese espionage.</p>


Singapore denies probe into reported Chinese spy plot linked to Nvidia boss

<p>Parti Bersama Malaysia leader Datuk Seri Rafizi Ramli said he is cancelling his Tuesday campaign engagements for the Melaka election to present himself to federal police headquarters in Bukit Aman for questioning.</p>


Rafizi cancels Melaka campaign appearances to answer Bukit Aman summons 

<p>Kuala Lumpur City Hall (DBKL) has approved only 4,218 units of afforable homes in Bandar Madani Bukit Jalil for now, with approvals for the remaining units subject to the completion of supporting infrastructure in the township, Parliament was told.</p>


Bandar Madani Bukit Jalil housing approval only covers 4,218 units for now as traffic study continues, says FT minister

<p>Signature Alliance Group Bhd (KL:SAG) said it has secured a RM51.56 million contract to undertake the redevelopment &nbsp;of &nbsp;the Underwater World Langkawi aquarium on the island.</p>


Signature Alliance bags RM52 mil contract to redevelop Langkawi aquarium

<p>ISF Group Bhd (KL:ISF) has secured four contracts worth a combined RM83.23 million for a hyperscale data centre in Port Dickson, Negeri Sembilan, the largest amount it has announced to date. &nbsp;&nbsp;</p>


ISF Group grows order book to RM225.5m with data centre contracts worth RM83.2m 

<p>Goldman Sachs Group Inc has irked some of its staff after it banned most of them from using advanced artificial intelligence (AI) tools designed for coding after reviewing productivity and risk concerns.</p>


Goldman restricts traders and bankers from using some AI tools — Bloomberg

<p>Chinese regulators have rolled out a handful of measures, from conducting swap operations to upgrading a lending facility for stock buybacks by listed companies, as part of efforts to stabilise struggling capital markets.</p>


<p>Handal Energy Bhd (KL:HANDAL) has been issued a show-cause notice by Bursa Malaysia to explain why it should not be delisted after failing to submit its annual report more than six months past the April 30 deadline.</p>


Handal Energy faces delisting over six-month delay in annual report submission 

<p>Wall Street's main indices rose on Monday as oil prices tumbled more than 6% on hopes of a US-Iran peace deal, with investors also bracing for Tuesday's midterm elections and another busy week of earnings.</p>


<p>Marvell Technology Inc has reached a deal to buy data centre optics maker Lumentum Holdings Inc at an enterprise value of US$115 billion (RM466.4 billion), one of the biggest tech tie-ups ever, in a race to capitalise on the artificial intelligence (AI) boom.</p>


<p>Kretam Holdings Bhd (KL:KRETAM) executive chairman Yin Kong Fung has stepped down from the position after nearly three years at the helm, citing “other work commitments”.</p>
