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Sapura Energy Secures RM1.1 Bln Funding Through MDH's Subscription Of RCLS

KUALA LUMPUR, March 11 (Bernama) -- Sapura Energy Bhd (SEB) has secured RM1.1 billion in investment from Malaysia Development Holding Sdn Bhd (MDH) through the latter's subscription of the company’s nominal value of redeemable convertible loan stocks (RCLS).

Economic And Labour Market Reforms Strengthen Country's Foundations - Ministry

KUALA LUMPUR, March 6 (Bernama) --  The government is confident that efforts to reform the economy and labour market will strengthen the country’s economic foundations and ensure a dynamic, inclusive, and competitive labour market, according to the Ministry of Economy.

KNM Group Disposes Of Entire Stake In DKNM To Japan's NGK For RM1.24 Bln

KUALA LUMPUR, Feb 27 (Bernama) -- KNM Group Bhd, through wholly-owned subsidiary KNM Process Systems Sdn Bhd (KNMPS), has entered into a conditional sale, purchase and transfer agreement with Japan-based NGK Insulators Ltd for the proposed disposal of its entire equity interest in Deutsche KNM GmbH (DKNM) for 270 million euros (about RM1.24 billion).

Axis-REIT To Dispose Of The Annex For RM24.2 Mln, Net Gains To Be Distributed To Unitholders

KUALA LUMPUR, Feb 26 (Bernama) -- Axis Real Estate Investment Trust (Axis-REIT) is disposing of The Annex in Petaling Jaya for RM24.2 million, with net gains from the transaction to be distributed to unitholders.

EcoWorld Malaysia Unit To Sell Industrial Land For RM266 Mln

KUALA LUMPUR, Feb 25 (Bernama) -- Eco World Development Group Bhd’s (EcoWorld Malaysia) wholly-owned subsidiary, Paragon Pinnacle Sdn Bhd, has entered into a conditional sale and purchase agreement with Pearl Computing Malaysia Sdn Bhd for the disposal of a 23.55-hectare leasehold industrial land in Eco Business Park V for RM266.14 million cash.

99 Speed Mart Net Profit Up 22.5 Pct To RM490.26 Mln For FY2024

KUALA LUMPUR, Feb 24 (Bernama) -- 99 Speed Mart Retail Holdings Bhd’s (99 Holdings) net profit increased by 22.5 per cent to RM490.26 million in the financial year ended Dec 31, 2024 (FY2024) against RM400.22 million in FY2023, in tandem with the higher revenue and other operating income.

M&G Sells Vessel To Thai Company For RM31.54 Mln

KUALA LUMPUR, Feb 20 (Bernama) -- Marine & General Bhd’s (M&G) an indirect wholly owned subsidiary, M&G Tankers Sdn Bhd, has completed the disposal of its vessel JM Sutera 6 for US$7.10 million (RM31.54 million) to Thailand-based company Lion Great Energy Co Ltd.

ACE Market-bound Saliran Eyes RM21.71 Mln From IPO

KUALA LUMPUR, Feb 19 (Bernama) -- ACE Market-bound oil and gas (O&G) pipe supplier Saliran Group Bhd aims to raise RM21.71 million through its initial public offering (IPO).

Sunzen Group To Dispose Of Two Subsidiaries For RM17.3 Mln

KUALA LUMPUR, Feb 18 (Bernama) -- Sunzen Group Bhd has entered into a sale and purchase of shares agreement to dispose of its whole equity interests in two subsidiaries to Pure Nutritional Products Sdn Bhd for RM17.30 million.

ACE Market Debutant TechStore To Focus On Malaysia Before International Expansion

KUALA LUMPUR, Feb 18 (Bernama) -- ACE Market debutant TechStore Bhd is setting its sights on further growth within Malaysia before considering international expansion.

EcoWorld Malaysia's Unit Disposes Of 56.06ha Of Land In Iskandar Malaysia For RM693.96 Mln

KUALA LUMPUR, Feb 17 (Bernama) -- EcoWorld Malaysia’s unit, Eco Business Park 1 Sdn Bhd, has disposed of 56.06 hectares (ha) of freehold land in Eco Business Park I in Iskandar Malaysia, Johor, to Microsoft Payments (Malaysia) Sdn Bhd for RM693.96 million.

Special Dividend Likely, Given MPI's Strong Net Cash Position - CIMB Securities

KUALA LUMPUR, Feb 13 (Bernama) -- CIMB Securities Sdn Bhd forecasts the Malaysian Pacific Industries Bhd (MPI) to issue a potential special dividend, given its strong net cash position of RM991 million as of September 2024.