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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.

Pantech Global Not Expected To Be Affected By US Tariffs On Steel, Aluminium

KUALA LUMPUR, Feb 10 (Bernama) -- Pantech Global Bhd is not expected to be affected by US President Donald Trump’s plan to impose a 25 per cent tariff on all steel and aluminium imports.

Uni-Fuels Secures Additional US$1.26 Mln To Fuel Expansion

KUALA LUMPUR, Feb 5 (Bernama) -- Uni-Fuels Holdings Limited (Uni-Fuels) has announced that its underwriter has fully exercised its over-allotment option, purchasing an additional 315,000 Class A Ordinary Shares at US$4.00 per share. (US$1=RM 4.42)

Mulpha International To Dispose Of Shopping Mall, Marina In Australia For RM233.42 Mln

KUALA LUMPUR, Feb 3 (Bernama) -- Mulpha International Bhd (MIB) has entered into a contract for the disposal of a shopping centre, Capri on Via Roma, and associated marina located in Queensland, Australia for A$85.5 million (RM233.42 million).

KJTS Group Proposes To Acquire Malakoff Utilities For RM65.5 Mln

KUALA LUMPUR, Feb 3 (Bernama) -- KJTS Group Bhd has proposed to acquire Malakoff Utilities Sdn Bhd (MUSB), a subsidiary of Malakoff Corporation Bhd, for RM65.5 million in cash.

Awantec Sells Office Building For RM25 Mln In Asset Rationalisation

KUALA LUMPUR, Jan 31 (Bernama) -- Awanbiru Technology Bhd (Awantec)’s wholly owned subsidiary, Awantec Systems Sdn Bhd, has entered into eight separate sale and purchase agreements (SPAs) with Puncak Hartanah Intelek Sdn Bhd to dispose of an eight-storey office building for RM25 million.  

SSM Launches Access To Beneficial Ownership information, Enhances Corporate Transparency

KUALA LUMPUR, Jan 28 (Bernama) -- The Companies Commission of Malaysia (SSM) has launched the facility for accessing information on companies’ beneficial owners to enhance transparency in corporate practices.

LBS Bina Secures RM400 Mln In Second Tranche Of Sustainability Sukuk Wakalah

KUALA LUMPUR, Jan 24 (Bernama) -- LBS Bina Group Bhd (LBGB) has issued its second tranche of Sustainability Sukuk Wakalah, amounting to RM400 million in nominal value, under its Sukuk Wakalah Programme.

Economist Forecasts Ringgit To Reach RM4.45 Vs US Dollar By Year-end

KUALA LUMPUR, Jan 24 (Bernama) -- The ringgit is likely to trade sideways, with an end-of-year forecast of RM4.45 against the US dollar.

TechStore Eyes RM25 Mln From IPO To Drive Expansion

KUALA LUMPUR, Jan 22 (Bernama) -- Enterprise IT services provider TechStore Bhd aims to raise RM25 million from its initial public offering (IPO) en route to an ACE Market listing on Feb 18, 2025.

YNH Property To Dispose Of Aeon Mall Seri Manjung For RM138 Mln

KUALA LUMPUR, Jan 21 (Bernama) -- YNH Property Bhd’s wholly-owned subsidiaries, Kar Sin Bhd and YNH Hospitality Sdn Bhd, have disposed of Aeon Mall Seri Manjung for RM138.0 million.

ACE Market-bound RichTech Aims To Raise RM13.67 Mln From IPO

KUALA LUMPUR, Jan 21 (Bernama) -- Electronic reloads distributor and bill payment service provider RichTech Digital Bhd, which is en route to a listing on Bursa Malaysia’s ACE Market, aims to raise RM13.67 million through its initial public offering (IPO).