<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 29): Metronic Global Bhd (KL:<a href="/askedge/klse/0043" class="ce-stock" target="_blank">MTRONIC</a>) has proposed to acquire 81 units of freehold serviced apartments in Melaka for RM33.24 million, saying the purchase will contribute positively towards future earnings.</p></div>

<div class=newsTextDataWrapInner><p>The building and security management systems company said it entered into a deal on Wednesday to buy the apartments, located at Marina Point, Klebang, from the developer and registered owner, Sanichi Precision Mould Sdn Bhd, a wholly-owned subsidiary of Sanichi Technology Bhd (KL:<a href="/askedge/klse/0133" class="ce-stock" target="_blank">SANICHI</a>).</p></div>

<div class=newsTextDataWrapInner><p>"The proposed acquisition would enable the company and its subsidiaries to source alternative recurring income (as the company is) currently dependent on an engineering services contract that is cyclical in nature," said Metronic in a bourse filing.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The company said the acquisition, via its wholly-owned unit MGL Development Sdn Bhd, is expected to be completed by the first quarter of 2027. The purchase will be funded through internally generated funds.</p></div>

<div class=newsTextDataWrapInner><p>Metronic shares were last traded on April 28, when they closed at one sen, giving the company a market capitalisation of RM15.3 million.</p></div>


Metronic Global Bhd (KL:MTRONIC) has proposed to acquire 81 units of freehold serviced apartments in Melaka for RM33.24 million, saying the purchase will contribute positively towards future earnings.

Metronic Global buys freehold serviced apartments in Melaka

Tremors from a weak magnitude 4.4 earthquake that struck the waters off Batu Pahat, Johor, at 4.55pm on Tuesday were felt across four states, as well as Putrajaya and Kuala Lumpur.

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Glencore plc last month told Mizuho Bank Ltd that it believes Radiant World fraudulently generated email correspondence purporting to show that the Switzerland-based commodities trader planned to pay back the Japanese lender nearly US$100 million (RM407.5 million), according to a legal filing obtained by Bloomberg News.

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Mercedes-Benz production in Germany is not competitive by international standards, in particular due to high labour costs, the premium automaker said on Tuesday, after a top executive warned workers that two plants could close.

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<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>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>Mr Chan is part of a company’s senior management. In the course of his role, he came upon information and a lucrative commercial opportunity that the company could exploit. He neither disclosed this nor obtained the company’s consent. Instead, armed with that information, he resigned, set up his own company and exploited that opportunity.</p>


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<p>IHH Healthcare Bhd (KL:IHH) outperformed on Tuesday as Macquarie flagged an improving earnings trajectory across the hospital operator’s portfolio.</p>


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<p>The Negeri Sembilan executive council on Tuesday unanimously decided to suspend the state secretary and state legal adviser, said Menteri Besar Datuk Ismail Lasim.</p>


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<h3>The stocks with negative momentum were:</h3>

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<p>Loss-making MMAG Holdings Bhd (KL:MMAG),&nbsp;a company which counts NexG Bhd (KL:NEXG) as a substantial shareholder, has proposed a RM130 million share capital reduction to wipe out part of the company’s accumulated losses.</p>
