<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 18): Johor state government’s investment arm, Johor Corporation (JCorp), has trimmed its stake in its plantation arm, Johor Plantations Group Bhd (KL:<a href="/askedge/klse/5323" class="ce-stock" target="_blank">JPG</a>).</p></div>

<div class=newsTextDataWrapInner><p>Its unit, Kulim (M) Bhd, disposed of 125 million shares, equivalent to the 5% stake, on Tuesday (March 17), according to a bourse filing on Wednesday.</p></div>

<div class=newsTextDataWrapInner><p>The stake sale trimmed JCorp's stake in Johor Plantations to 1.49 billion shares or 59.457%.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>While the transaction value was not disclosed, <em>Bloomberg</em> off-market data indicated that 125 million shares in Johor Plantations were traded on Tuesday in 13 separate blocks at RM1.52 apiece, or a total of RM190 million.</p></div>

<div class=newsTextDataWrapInner><p>The RM1.52 price tag serves as a 4.4% discount to the counter’s close of RM1.59 on Tuesday.</p></div>

<div class=newsTextDataWrapInner><p>JCorp remains Johor Plantations’ largest shareholder. The other substantial shareholders of the company are the Employees Provident Fund (EPF) with 8.293% and the Retirement Fund (Inc) with 5.442%.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Johor Plantations ended unchanged at RM1.59, valuing the company at RM3.98 billion.</p></div>

<div class=newsTextDataWrapInner><p>Johor Plantations listed on the Main Market in July 2024. Against its initial public offering (IPO) price of 83 sen, the counter has nearly doubled with a gain of 91.6%.</p></div>


Johor state government’s investment arm, Johor Corporation (JCorp), has trimmed its stake in its plantation arm, Johor Plantations Group Bhd (KL:JPG).

Its unit, Kulim (M) Bhd, disposed of 125 million shares, equivalent to the 5% stake, on Tuesday (March 17), according to a bourse filing on Wednesday.

JCorp sells 5% stake in Johor Plantations

Enproserve Corp Bhd (KL:ENPRO) said on Thursday it has secured a RM12.31 million contract to maintain government quarters in Putrajaya.

Enproserve wins RM12.3m contract to maintain Putrajaya govt quarters 

Zetrix AI Bhd (KL:ZETRIX) founder Wong Thean Soon has ceased to be a substantial shareholder in Cuscapi Bhd (KL:CUSCAPI), after disposing of about 103.6 million shares in the company.

The shares disposed of via direct business transactions on Sept 11, comprise 99.1 million shares held directly and 4.5 million shares held indirectly through his private vehicle Asia Internet Holdings Sdn Bhd, according to a bourse filing. The shares represented nearly an 11% stake in Cuscapi.

TS Wong ceases to be substantial shareholder in Cuscapi after offloading 103.6 mil shares

Prime Minister Datuk Seri Anwar Ibrahim on Thursday hinted at “good news” following a special meeting to discuss concerns over recent increases in electricity bills affecting some households.

PM promises ‘good news’ on electricity bills soon 

Glomac Bhd (KL:GLOMAC) posted a net profit of RM7.6 million for its first financial quarter compared to a net loss of RM1.42 million a year earlier, on the back of a sharp increase in revenue.

Glomac returns to profitability in 1Q on higher property development revenue

The Bank of England set out a multi-year programme on Thursday to offload most of its remaining £488 billion pounds of government bonds, but will pause sales for the next six months and halt sales of long-dated gilts entirely.

The BOE's decision comes days after British 30-year borrowing costs hit their highest since 1998 as part of a global bond selloff which reignited criticism that the BOE's bond sale policy crystallises losses for the central bank that are underwritten by the government.

Bank of England sets out long-term plan to unwind QE, halts long-dated gilt sales

Malaysia has experienced steady economic growth of over 5% annually in the last couple of years, but overall job creation increased by less than 2% each year, according to a discussion paper published by the PNB Research Institute (PNBRI) — the research arm of Permodalan Nasional Bhd.

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The World Bank on Thursday said it attracted US$112 billion (RM459 billion) in private capital in the year ended June versus US$69 billion a year earlier, and more than triple the amount in fiscal 2022 before former Mastercard CEO Ajay Banga became president.

World Bank boosts private capital mobilisation to record US$112b

The Bank of England predicted British inflation will top 4% early next year as it held interest rates unchanged on Thursday, and governor Andrew Bailey warned explicitly that prolonged conflict in the Middle East may require tighter policy.

Bank of England sounds inflation alarm as it holds interest rates

Reservoir Link Energy Bhd (KL:RL) said it has signed a 30-year power purchase agreement (PPA) with Syarikat SESCO Bhd, a wholly-owned subsidiary of state-owned Sarawak Energy Bhd, for a 200MWac solar photovoltaic project in the state with an estimated development cost of RM570 million.

Reservoir Link inks PPA with Sarawak state-owned firm for RM570 mil solar project

Tan Chong Motor Holdings Bhd (KL:TCHONG) and China‑based Saike REPT Power Battery System Co Ltd (Saike) have agreed to explore the production of electric vehicle (EV) battery packs and identified components in Malaysia.

Tan Chong Motor unit, China firm ink MOU to study EV battery production in Malaysia

<p>Over the past two years, I have occasionally written about some of the people I regard as role models in Malaysia's plantation and palm oil journey — Tun Dr Lim Keng Yaik, Tun Raja Muhammad Alias Raja Muhammad Ali, Tan Sri Abdul Khalid Ibrahim, Tan Sri Datuk Dr Augustine Ong Soon Hock, Datuk Boon Weng Siew, fondly remembered as “Uncle Boon”, MR&nbsp;Chandran and Mahbob Abdullah, among others.</p>


Opinion: Tan Sri Lee Oi Hian — the planter, the steward and the next row

<p>The Dewan Keadilan dan Undang Negeri Sembilan (DKU) has accused the Negeri Sembilan state executive council of treason and an attempted coup d'etat against ruler Tuanku Muhriz Tuanku Munawir, according to a letter issued on Wednesday night by Messrs Halim &amp; Ismail.</p>


DKU accuses Negeri Sembilan exco of treason and attempted coup d'etat against ruler Tuanku Muhriz

<p>The ringgit on Thursday depreciated to its lowest level in nearly three months amid broad-based greenback strength at a time of rising US interest rates.</p>


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<p>AirAsia Group Bhd (KL:AAGB) fell on Thursday to the lowest in nearly four years amid mounting concerns over the low-cost airline’s financial health.</p>


AirAsia falls to near four-year low amid concerns over financial health

<p>Malaysia’s struggling bond market may see an outflow of Japanese capital as its yield premium shrinks.</p>


Malaysia’s battered bonds face growing risk of Japan fund exodus

<p>Analysts say now is a good opportunity to buy and accumulate YTL Power International Bhd's (KL:YTLPOWR) shares, given the recent pullback and the company's&nbsp;reservation of four new gas turbines amid a global backlog.</p>


YTL Power worth accumulating on pullback and new gas turbines — analysts

<p>&nbsp;Pioneer Heat Holdings Bhd (KL:PIONEER) ended its ACE Market debut on Thursday 5 sen, or 20%, higher than its initial public offering price of 25 sen. &nbsp;</p>


Pioneer Heat ends ACE Market debut 20% above IPO price

<p>Blogger Wan Muhammad Azri Wan Deris, or better known as Papagomo, has failed to obtain a stay of a High Court judgement in May that had ordered him to pay RM280,000 in damages for defaming former finance minister Lim Guan Eng and his son Clint Lim Way Chau six years ago.</p>


Papagomo fails to obtain stay of damages payment to Guan Eng, son

<p>Pestec International Bhd (KL:PESTEC) said the Kuala Lumpur High Court has extended an injunction preventing its China-based supplier Shandong Power Equipment Co Ltd (SPECO) from enforcing an undated corporate guarantee against the group.</p>


Pestec wins High Court order preventing Chinese supplier from enforcing corporate guarantee

<p>The government has agreed to expand the Budi Madani Diesel&nbsp;eligibility transfer facility, allowing registered owners of private diesel vehicles to transfer their eligibility to any eligible actual user,&nbsp;effective immediately.</p>


Budi Diesel: Govt now allows eligibility transfer to any eligible actual user

<p>Singapore’s push to become a major gold hub is gaining momentum, with DBS Group Holdings Ltd&nbsp;adding bullion storage capacity and other banks considering similar moves.</p>


Singapore’s gold hub plan gets lift with DBS vault expansion

<p>The judge presiding over the SRC International Sdn Bhd and 1Malaysia Development Bhd suits against Datuk Seri Najib Razak and the suit filed by Muhammed Yusoff Rawther against Prime Minister Datuk Seri Anwar Ibrahim will be&nbsp;transferred to Ipoh.</p>


Judge hearing Yusoff Rawther suit against PMX, and SRC, 1MDB suits to be transferred to Ipoh

<p>CCK Consolidated Holdings Bhd (KL:CCK) is no longer a ‘buy’ amid slower-than-expected recovery from a fire incident at one of its plants in Indonesia, said an analyst.</p>


CCK Consolidated no longer a ‘buy’ as Indonesian plant fire leaves lasting burn — analyst

<p>Huawei Technologies Co is set to unveil new artificial intelligence (AI) technology this week in defiance of US export control curbs, advancing its ambition to replace Nvidia Corp in China and compete on the global stage.</p>


Huawei set to unveil AI chips to match Nvidia 

<p>An individual who relies only on a fixed salary will eventually reach a ceiling.</p>


My Say: PETRONAS: Our hope for Malaysian global champions

<p>Negeri Sembilan Menteri Besar Datuk Ismail Lasim has confirmed that the state executive council recognises the proclamation removing Tuanku Muhriz Tuanku Munawir as the Yang di-Pertuan Besar, <em>Bernama</em> reported.</p>


Negeri Sembilan MB confirms state govt recognises removal of Tuanku Muhriz

<p>US President Donald Trump said he still had confidence in Federal Reserve (Fed) chairman Kevin Warsh and criticised what he said is a “hostile” board even after the central bank unanimously defied his calls to lower borrowing costs.</p>


Trump backs Warsh, faults ‘hostile’ Fed board for rate hike

<p>Malaysia has delayed the mandatory reasonable&nbsp;assurance requirements&nbsp;of&nbsp;applicable entities&nbsp;on their greenhouse gas (GHG) emissions by a year.&nbsp;</p>


Malaysia delays reasonable assurance requirements on greenhouse gas emissions by a year

<p>A total of 30 areas nationwide recorded unhealthy air pollutant index (API) readings as of 5pm on Thursday.</p>


Haze: Unhealthy air in 30 areas nationwide as of 5pm

<p>Mah Sing Group Bhd (KL:MAHSING) is expanding its property development pipeline in Johor with two residential projects scheduled for launch in the second half of 2026.</p>
