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Felda's Shareholding In FGV Increases To Over 90 Pct, Plans For Delisting

KUALA LUMPUR, July 29 (Bernama) -- The Federal Land Development Authority (Felda) has received valid acceptances for all the remaining ordinary shares in FGV Holdings Bhd and has acquired the offer shares representing 91.73 per cent of the total issued shares of FGV as of 5pm.

Paramount To Acquire 28 Pct Stake In Singapore's Envictus International For RM126.32 Mln

KUALA LUMPUR, July 29 (Bernama) -- Paramount Corporation Bhd, through its wholly owned subsidiary Venice Concepts Sdn Bhd, has proposed to acquire a 28 per cent equity interest in Envictus International Holdings Ltd from JAG Capital Holdings Sdn Bhd for S$38.33 million (RM126.32 million).

Yinson JV Secures US$600 Mln FSO Contract For Vietnam Offshore Project

KUALA LUMPUR, July 28 (Bernama) -- Yinson Holdings Bhd, through its joint venture PTSC South East Asia Pte Ltd (PTSC SEA), has secured a contract with Vietnam’s Phu Quoc Petroleum Operating Company (PQPOC) to provide and charter a floating storage and offloading (FSO) vessel for the offshore Block B Field in southwest Vietnam.

Bursa Malaysia Reprimands Smile-Link For Delay In Submitting Audited Financial Statements

KUALA LUMPUR, July 28 (Bernama) -- Bursa Malaysia Securities Bhd has publicly reprimanded dental outfit Smile-Link Healthcare Global Bhd for failing to submit its annual audited financial statements (AFS) for the financial period ended June 30, 2024, within the stipulated timeframe.

CCGT Plant To Complement Solar Intermittency, Support Malaysia’s 2050 Net-Zero Goal -- Expert

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, July 28 (Bernama) -- The combined cycle gas turbine (CCGT) power plant is expected to play a vital role in addressing gaps in the power grid and complementing solar intermittency, as Malaysia works towards achieving its net-zero goals by 2050, an expert said.

Bursa Malaysia Among Top 50 ASEAN PLCs, Top Five in Malaysia

KUALA LUMPUR, July 25 (Bernama) -- Bursa Malaysia Bhd has been recognised as one of the top 50 ASEAN Public Listed Companies (PLCs) and among the top five PLCs in Malaysia at the ASEAN Corporate Governance Awards held last night.

Tariff Uncertainty Clouds US Apparel Sourcing Decisions, Say Industry Experts

 NEW YORK, July 24 (Bernama-Xinhua) -- Ongoing tariff uncertainty is putting pressure on US textile and apparel firms, as sourcing executives warn that the lack of clear trade rules is complicating supply chain planning, pricing strategies, and diversification efforts, Xinhua reported.

Multiply Group Makes Bold Leap Into Europe With 1.3 Bln Euros Acquisition Of Spain’s Tendam

KUALA LUMPUR, July 24 (Bernama) -- In a landmark European entry, Abu Dhabi’s Multiply Group has acquired a 67.91 per cent majority stake in Tendam, Spain’s second-largest apparel company, in a transaction valued at 5.6 billion UAE dirhams (1.3 billion euros) enterprise value. (1 Euro = RM4.95)

Uni-Fuels Raises US$3 Mln In Oversubscribed Digital CP Debut Via ADDX

KUALA LUMPUR, July 22 (Bernama) -- Uni-Fuels Holdings Limited (Uni-Fuels), a marine fuel solutions provider, announced its wholly owned subsidiary, Uni-Fuels Pte Ltd (Uni-Fuels Singapore), has successfully completed its first commercial paper (CP) issuance, raising US$3 million via the digital private market platform ADDX. (US$1=RM4.22)

MAHB On Track To Achieve 62 Mln Passenger Movements By Year-end -- Group MD

SEPANG, July 18 (Bernama) -- Malaysia Airports Holdings Bhd (MAHB) is optimistic of achieving its target of 62 million passenger movements by year-end, a milestone that would mark its return to pre-pandemic levels.

Malaysia's Trade Performance On Track To Hit Growth Target - Tengku Zafrul

KUALA LUMPUR, July 15 (Bernama) -- Malaysia's trade performance for this year remains within expectations and is on track to reach the target growth of four to five per cent, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Bursa Malaysia Reprimands Zetrix AI, Fines Seven Directors RM150,000 Each

KUALA LUMPUR, July 14 (Bernama) -- Bursa Malaysia Securities Bhd has publicly reprimanded Zetrix AI Bhd, formerly known as MYEG Services Bhd, and fined seven directors for breaching the Bursa Malaysia Securities Main Market listing requirements (LR).