<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 20): CIMB Group Holdings Bhd (KL:<a href="/askedge/klse/1023" class="ce-stock" target="_blank">CIMB</a>) has announced that Tan Sri Dr Wee Hoe Soon @ Gooi Hoe Soon, 66, will be joining its board as an independent and non-executive director on Jan 1, 2027.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>According to filings with Bursa Malaysia, CIMB noted that Wee will also become a member of the bank’s risk committee and audit committee.</p></div>

<div class=newsTextDataWrapInner><p>Wee currently sits on several boards — both in the private sector and public sector — including as an independent director at the Securities Commission Malaysia (SC). He is also the chairman of insurance company AIA Bhd.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>At present, he also sits on the board of JaGaSolution Bhd (KL:JAGAAPP) as a non-independent director and Hydropipes Bhd (KL:<a href="/askedge/klse/03060" class="ce-stock" target="_blank">HPI</a>) as an independent director.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>He is also a member of the Employees Provident Fund's&nbsp;investment panel.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Wee has close to four decades of experience in accounting and corporate finance, according to the SC’s website.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>In the filing, CIMB said Wee will be joining 10 others on the board that includes chairman Datuk Syed Zaid Syed Jaffar Albar and group chief executive officer Muhammad Novan Amirudin, among others.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>At market close on Tuesday, CIMB’s counter ended flat at RM7.15, valuing the bank at RM77.3 billion.</p></div>


CIMB Group Holdings Bhd (KL:CIMB) has announced that Tan Sri Dr Wee Hoe Soon @ Gooi Hoe Soon, 66, will be joining its board as an independent and non-executive director on Jan 1, 2027.

Corporate figure Wee Hoe Soon to join CIMB Group's board at start of 2027

Digital Minister Gobind Singh Deo said highly classified public-sector data is prohibited from being stored in cloud environments, which allow data to be kept and accessed over the internet.

Gobind: Highly classified public-sector data barred from cloud storage

Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday:

SD Guthrie, MISC, Yinson, Gamuda, Zetrix AI, LYC Healthcare, Computer Forms, Bus Cap, South Malaysia Industries 

Prime Minister Datuk Seri Anwar Ibrahim's answers in Parliament on Tuesday had avoided the key issue of alleged enforcement agency collusion with a purported "corporate mafia", said Bersama leader Datuk Seri Rafizi Ramli.

PM avoided core issue of 'corporate mafia' allegations, says Rafizi

China's commerce ministry on Tuesday criticised a US government order banning Chinese AI model DeepSeek from federal agency IT systems, saying it harmed Chinese firms' interests and disregarded understandings reached by the countries' leaders.

China says US' DeepSeek ban disregards Xi-Trump consensus

The Ministry of Housing and Local Government (KPKT) will allocate RM150 million from 2026 to 2030 to repair and upgrade public toilets managed by local authorities (PBTs).

KPKT to allocate RM150m for public toilet upgrades from 2026 to 2030

Wall Street's main indices climbed on Tuesday as healthcare stocks hit a record high and easing oil prices boosted investor sentiment, while markets continued to stabilise following last week's technology-led sell-off.

Wall Street gains as healthcare stocks rally, oil prices fall

Pending sales of existing US homes fell to a record low in September as high mortgage rates continued to weigh on demand.

US pending home sales plunged in September to a record low

South Malaysia Industries Bhd (KL:SMI) has succeeded in its bid to remove six directors nominated by a substantial shareholder after the High Court quashed the Securities Commission Malaysia’s (SC) approval of their appointment.

South Malaysia Industries wins court battle to remove 6 directors picked by major shareholder and approved by SC

Overnight curfews in violence-hit zones of France's biggest cities helped bring respite from the nation's worst unrest in years, the government said, ahead of more protests planned for the weekend.

Curfews help calm France but more protests planned

General Electric Co raised its full-year outlook amid strong aircraft engine demand, in a sign that air travel has yet to retreat despite resurgent jet fuel prices.  Adjusted earnings will be US$8 to US$8.10 a share this year, up from a prior range of US$7.65 to US$7.85, the company said as it reported third-quarter earnings on Tuesday.

GE lifts outlook as air travel boom shrugs off fuel costs

<p>Serba Dinamik Holdings Bhd founder Datuk Mohd Abdul Karim Abdullah has been placed on an Interpol Red Notice to help locate and arrest him.</p>


Serba Dinamik founder Abdul Karim on Interpol Red Notice, says Anwar

<p>Existing laws governing Malaysia's financial and enforcement agencies are adequate to tackle corporate crime, said Prime Minister Datuk Seri Anwar Ibrahim on Tuesday, stressing that effective enforcement depends on clear leadership direction and political will.</p>


Anwar cites three cases of owners forced to sell their firms over politics post-Asian Financial Crisis

<p>Malaysia Rail Link Sdn Bhd (MRL) will offer a 30% discount on East Coast Rail Link (ECRL) economy-class tickets for one month to mark the launch of the service on Dec 12.</p>


Loke: 30% discount on ECRL economy-class tickets for first month of operations

<p>Attorney General Tan Sri Mohd Dusuki Mokhtar has confirmed that Malaysian Border Control and Protection Agency director general Datuk Seri Mohd Shuhaily Mohd Zain will face charges over the alleged assault of two policemen at Kuala Lumpur International Airport (KLIA).</p>


AG confirms Border Control DG Shuhaily to face charges for voluntarily causing hurt

<p>DURING the Covid-19 lockdown, Datuk Seri Andrew Tan Jun Suan, managing director and 53.86% shareholder of Tanco Holdings Bhd (KL:TANCO), was at his beachside resort in Port Dickson, pondering over a long-standing plan to build an integrated resort city that required a large investment.</p>

<p>...

From beach resort to seaport — is Tanco for real?

<p>Prime Minister Datuk Seri Anwar Ibrahim on Tuesday said the government will establish a special committee chaired by the attorney general to investigate corporate crime.</p>


Anwar: Govt to set up special committee to investigate corporate crime, chaired by attorney general

<p>SINCE the beginning of the year, Sunway Bhd (KL:SUNWAY) shares have declined more than 20%. From a record high of RM5.98 in February this year, the stock has fallen by almost 30%, coming on the heels of Sunway’s failed bid earlier this year to take over rival IJM Corp Bhd (KL:IJM) for RM3.15 bill...

Sunway shares slide as investors await fresh rerating catalysts

<p>KUALA LUMPUR (Oct 20): National shuttler Lee Zii Jia and his family members have settled an ongoing court tussle involving his company LZJ Management Sdn Bhd.</p>


National shuttler Lee Zii Jia settles court tussle against father, family over his company

<p>Big Caring Group Bhd plans to launch its share sale this month in a bid to raise some RM2.45 billion, the <i>Wall Street Journal</i> reported.</p>


Big Caring to launch Main Market IPO by end-October to raise some RM2.45b — report

<p>The Court of Appeal has upheld a Kuala Lumpur High Court summary judgment that had been entered against Indonesian businessman Datuk Jovian Mandagie over a friendly loan of about RM5 million each given by two companies.</p>


COA upholds summary judgment on Ismail Sabri’s former son-in-law Jovian Mandagie

<p>Electrical engineering firm SKA Capital Bhd has priced its shares at 43 sen per share for its ACE Market listing.</p>


SKA Capital aims to raise over RM100 mil from ACE Market IPO

<p>Maybank Investment Bank Bhd is the most bullish among 12 analysts surveyed by Bloomberg covering Solarvest Holdings Bhd (KL:SLVEST), citing the group's track record of bagging 30% of Malaysia's current solar jobs as another RM20-RM25 billion in contracts are in the pipeline.</p>


Maybank IB expects Solarvest stock to shine amid solar construction boom, ups target price to RM5.68 

<h2>Notable filings</h2>

<p>Over the week of Sept 28 to Oct 2, notable filings on shareholding changes among Bursa Malaysia-listed companies included those at <strong>Avangaad Bhd</strong> (KL:AVANGAAD).</p>

<p>Sindora Bhd and Kulim (M) Bhd, both controlled by Johor Corp Bhd, the investment ar...

Insider Moves: Avangaad Bhd, Greatech Technology Bhd, Inari Amertron Bhd, Johor Plantations Group Bhd, Southern Cable Group Bhd, IJM Corp Bhd

<p>Gamuda Bhd (KL:GAMUDA) has signed an agreement with the Perak government to develop and operate the Northern Perak Water Supply Scheme, which will transfer up to 1,500 million litres per day (MLD) of raw water from Sungai Perak to Bukit Merah Dam.</p>


Gamuda signs agreement with Perak government for 1,500 million litres per day water supply scheme

<p>At a meeting on Sunday afternoon involving officials from Indonesia’s Financial Services Authority and the country’s stock exchange, some attendees were surprised to see several prominent Instagrammers present.</p>


Indonesia’s influencer strategy jars investors facing MSCI risk

<p>Prime Minister Datuk Seri Anwar Ibrahim on Tuesday denied that prosecutions over questionable transactions in the Federal Land Development Authority (Felda) were selective, saying that investigations needed time but were never blocked.</p>


Anwar rejects selective prosecution claims in Felda probe, says investigations take time

<p>A waiver of export tax on palm oil reportedly under consideration could help Malaysia claw back some market share from Indonesia, an analyst said on Tuesday.</p>


Palm oil export tax waiver could help Malaysia regain market share, says analyst

<p>The Securities Commission Malaysia has extended the deadline to Nov 30 for major shareholders MISC Bhd (KL:MISC) and the Employees Provident Fund (EPF) to announce whether they intend to take Yinson Holdings Bhd (KL:YINSON) private.<br />
&nbsp;</p>


SC extends deadline to Nov 30 for MISC, EPF to declare intention on Yinson privatisation

<p>Zetrix AI Bhd (KL:ZETRIX) managing director Wong Thean Soon (TS Wong) has offloaded another 3.13 million shares, bringing his stake down to 1.85%.&nbsp;<br />
&nbsp;</p>


Zetrix AI MD TS Wong's stake down to 1.85% 

<p>CIMB Group Holdings Bhd (KL:CIMB) has announced that Tan Sri Dr Wee Hoe Soon @ Gooi Hoe Soon, 66, will be joining its board as an independent and non-executive director on Jan 1, 2027.&nbsp;</p>
