<div class=newsTextDataWrapInner><p>(Aug 4):&nbsp;Vast, a 3D-modeling startup, is considering an initial public offering (IPO) in Hong Kong, according to people with knowledge of the matter.</p></div>

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<div class=newsTextDataWrapInner><p>The company is working with Bank of America Corp&nbsp;and China International Capital Corp&nbsp;(CICC) on a potential share sale, the people said, asking not to be identified because the information is private.</p></div>

<div class=newsTextDataWrapInner><p>Deliberations are ongoing and no final decision has been made.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Representatives for Vast, Bank of America and CICC declined to comment.</p></div>

<div class=newsTextDataWrapInner><p>Vast, whose backers include Alibaba Group Holding Ltd, Baidu Inc&nbsp;and&nbsp;Ince Capital, makes Tripo Studio, which&nbsp;helps developers&nbsp;and creative professionals generate 3D models from text and image prompts. It has a partnership with Chinese gaming company NetEase Inc&nbsp;in the role-playing game&nbsp;<em>Where Winds Meet</em>, in which players can upload photos to instantly generate interactive 3D avatars.</p></div>

<div class=newsTextDataWrapInner><p>Vast was founded in 2023 by Simon Song, a founding member of large-language-model developer MiniMax Group Inc. It recently&nbsp;raised&nbsp;nearly US$200 million to become the latest Chinese AI outfit to achieve a valuation of US$1 billion.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Liza Shireen Koshy</em></p></div>
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(Aug 4): Vast, a 3D-modeling startup, is considering an initial public offering (IPO) in Hong Kong, according to people with knowledge of the matter.


The company is working with Bank of America Corp and China International Capital Corp (CICC) on a potential sha...

Alibaba-backed 3D-modelling startup Vast said to weigh HK IPO — Bloomberg

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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<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>


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<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>


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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>


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


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<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>


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<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>


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<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>


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<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>


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<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>


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<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>


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<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>


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<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>


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<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>


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


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<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>


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<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>


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<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>


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


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<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>
