<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 30): UMediC Group Bhd (KL:<a href="/askedge/klse/0256" class="ce-stock" target="_blank">UMC</a>), through its wholly-owned subsidiary UWHM Sdn Bhd, has signed a lease agreement with Penang Development Corporation (PDC) for a 3.06-acre industrial parcel in Batu Kawan Industrial Park 3.</p></div>

<div class=newsTextDataWrapInner><p>According to a press release on Friday, the lease is valued at RM11.4 million and will span 60 years, with payments to be made in tranches.</p></div>

<div class=newsTextDataWrapInner><p>The investment will be funded through a mix of internal funds and bank borrowings.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The group plans to construct a new manufacturing facility on the site to expand its production capabilities.</p></div>

<div class=newsTextDataWrapInner><p>The facility will support its medical consumables segment and accommodate future volume growth and product diversification.</p></div>

<div class=newsTextDataWrapInner><p>UMC said the new plant will allow its existing facility to concentrate on ramping up production of its HydroX series Prefilled Humidifier.</p></div>

<div class=newsTextDataWrapInner><p>“This announcement is a strategic step in strengthening our manufacturing foundation and supporting the Group’s long-term growth plans,” said executive director and CEO Lim Taw Seong.</p></div>

<div class=newsTextDataWrapInner><p>He added that scaling up production capacity is necessary to maintain operational efficiency and supply reliability amid sustained demand.</p></div>


UMediC Group Bhd (KL:UMC), through its wholly-owned subsidiary UWHM Sdn Bhd, has signed a lease agreement with Penang Development Corporation (PDC) for a 3.06-acre industrial parcel in Batu Kawan Industrial Park 3.

According to a press release on Friday, the lease is valued at RM11.4 million and will span 60 years, with payments to be made in tranches.

UMC signs 60-year lease with PDC for RM11.4 mil Batu Kawan industrial site

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KUALA LUMPUR (Sept 22): Yes Group Management Bhd has inked an underwriting agreement with Malacca Securities Sdn Bhd for its initial public offering (IPO), in conjunction with the company’s upcoming listing on the ACE Market of Bursa Malaysia.

Yes Group inks underwriting agreement with Malacca Securities for ACE Market IPO

CLOSE to power, yet independent of it. The company secretary sits near enough to the board to understand how decisions are made, yet independently enough to question the process. What then and how, has the evolving role of company secretaries vis-à-vis the value they bring to the boards impacted much of corporate Malaysia?

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Several Asian refiners have been told informally by Saudi Aramco they will soon be able to pick up oil from the Red Sea port of Yanbu, according to traders familiar with the matter.

Saudis tell Asian refiners they can soon pick up oil from Yanbu

KUALA LUMPUR (Sept 22): Prime Minister Datuk Seri Anwar Ibrahim raised the plight of 55 Malaysians still unaccounted for following last month’s devastating floods during a phone call with Nepalese Prime Minister Balendra Shah on Tuesday morning.

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MELAKA (Sept 22): The Melaka State Legislative Assembly will be dissolved on Wednesday (Sept 23) to pave the way for the 16th state election.

Melaka assembly to dissolve on Wednesday, paving way for state election

THE semiconductor industry in Penang is facing shortages in several areas, including engineering talent, factory floor space and production capacity. However, a lack of client orders is not one of them.

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BANGKOK (Sept 22): Thailand's cabinet has agreed to spend 43 billion baht (US$1.29 billion) to extend a consumer subsidy scheme for another two months to help ease living costs, the finance minister said on Tuesday.

Thailand's cabinet approves US$1.29 bil consumer subsidy extension

HONG KONG (Sept 22): Shares of Chinese fibre-optic communications equipment maker Ligent Technologies jumped as much as 19.2% in their Hong Kong debut on Tuesday, after the company tapped demand for AI-related equipment to raise HK$5.67 billion (US$723 million).

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Bersatu youth Selangor chief Na'im Brundage's legal challenge against the Malaysian Communications and Multimedia Commission (MCMC) over the suspension of his TikTok accounts has come to the end of the road.

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<p>KUALA LUMPUR (Sept 22): IGB REIT Management Sdn Bhd announced the passing of its former chief executive officer Elizabeth Tan Hui Ning on Monday, expressing profound sadness over the loss of a leader whose contributions left a lasting impact on IGB REIT and IGB Commercial REIT.</p>


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<p>Singapore’s sovereign wealth fund sold shares in Sunway Healthcare Holdings Bhd (KL:SUNMED) worth over RM1 billion on Tuesday, according to a news report.</p>


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<p>Consumer and construction stocks could be among the key beneficiaries of the upcoming Budget 2027, as higher cash aid, potential tax relief and increased development spending are expected to support domestic demand and infrastructure activity, CIMB Securities said on Tuesday.</p>


CIMB Securities: Consumer, construction stocks seen as key beneficiaries of Budget 2027

<p>KUALA LUMPUR (Sept 22): Powerwell Holdings Bhd (KL:PWRWELL) climbed to new record high on Tuesday as investors and analysts cheered the electricity distribution equipment maker’s largest ever contract.</p>


Powerwell charts new record high after bagging its largest contract ever

<p>Alok Sanghi used to work in his family’s cements business, Sanghi Industries, which his father founded more than four decades ago.</p>


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<p>KUALA LUMPUR (Sept 22): The High Court here has ordered Tenaga Nasional Bhd (TNB)(KL:TENAGA) to pay RM10.52 million in special damages to Penang Bridge concessionaire Projek Lebuhraya Usahasama Bhd (PLUS) over a major fire incident in a cable tunnel beneath the bridge in February 2021.</p>


Court orders Tenaga to pay Projek Lebuhraya Usahasama RM10.5 mil for Penang bridge fire

<p>Bon Estates Sdn Bhd has opened a new two-way road connecting Jalan Kiara 3 and Jalan Duta Kiara in Mont'Kiara, Kuala Lumpur, providing an additional route towards Solaris Dutamas and the surrounding areas.</p>


Bon Estates opens new road link in Mont'Kiara

<h2>Notable filings</h2>

<p>Between Sept 1 and 4, notable filings with Bursa Malaysia on changes in shareholding included those of ACE Market-listed <strong>Ambest Group Bhd</strong> (KL:AMBEST), where co-founder and managing director Tan Beng Beng and co-founder and executive director Lim Eng Gu...

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<p>The Melaka State Legislative Assembly will be dissolved on Wednesday to pave&nbsp;the way for the 16th state election.</p>


<p>The developer of Eco Business Park 7 in Negeri Sembilan is selling two plots of industrial land for RM1 billion to a data centre operator.</p>


Eco World-SD Guthrie JV sells 222 acres in Negeri Sembilan for over RM1b

<p>BENGALURU/SINGAPORE (Sept 22): Oil prices gained for the first time in five sessions on Tuesday as investors awaited developments on potential US-Iran talks at the United Nations General Assembly this week after more supplies emerged through the Strait of Hormuz over the weekend.</p>


Oil rises slightly ahead of potential US-Iran talks

<p>KUALA LUMPUR (Sept 22): Crude palm oil (CPO) prices are expected to remain above RM4,700 per tonne until at least October, if not the rest of the year, according to the Malaysian Palm Oil Council (MPOC) statement on Tuesday.</p>


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<p>The last stretch of a busy week for markets saw stocks churning as bond yields rose, with investors also facing the expiration of a pile of options that spurred a surge in trading volume.</p>


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<p>Hengyuan Refining Company Bhd (KL:HENGYUAN) hit a fresh high on Tuesday, extending its winning streak to three days and adding about RM1.7 billion to its market capitalisation since August.</p>


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<p>One of Australia’s largest states has banned the construction of data centres in residential areas and mandated that they must “bring their own renewable energy supply,” part of a slew of rules designed to tackle growing community pushback.</p>


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<p>Technology stocks powered Asian markets higher on Tuesday as stalling oil prices lifted sentiment and investors pinned their hopes on US-Iran talks, while the dollar stood tall on bets that more interest rate hikes are needed to rein in inflation.</p>


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<p>KUALA LUMPUR (Sept 22): theedgemalaysia.com highlighted no stocks with positive momentum and eight stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.</p>

<h3>The stocks with negative momentum were:</h3>

<p>Inta Bina Group Bhd (KL:INTA) — up two sen or 5.13% to 41 s...

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<p>KUALA LUMPUR (Sept 22): Shares in ViTrox Corporation Bhd (KL:VITROX) hit their highest level since the company’s listing on the ACE Market in 2005 on Tuesday, driven by its strong growth prospects amid the AI infrastructure boom.</p>


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<p>Malaysia should look beyond the headline value of investments and focus on whether they create better-paying skilled jobs, raise productivity and strengthen local companies, Economy Minister Akmal Nasrullah Mohd Nasir said.</p>


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<p>Sabah Development Bank Bhd said on Tuesday it is willing to consider a substantial reduction in exposure in PacifiCity to support efforts to revive the long-abandoned project.</p>
