The Malaysian Pulse
Beat of the Nation
Sun, 15 Sep 2019, 9:41 PM
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Topic: EGM

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Court upholds Syed Hussein's election as DPMM president
KUALA LUMPUR (Sept 5): The High Court today endorsed a notice by the Registrar of Societies (RoS) to validate the dismissal of Malay Chamber of Commerce Malaysia (DPMM) president Rizal Faris Mohideen ...
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New fight brewing at Tiger Synergy
AN interesting shareholder tussle seems to be brewing at ailing construction and property development outfit Tiger Synergy Bhd.
The Star:
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Sanbumi to be renamed as Iconic Worldwide
Sanbumi Holdings Bhd (Sanbumi Holdings) has obtained its shareholders’ approval to rename the company to Iconic Worldwide Bhd at its extraordinary general...
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RPT déjà vu at Genting Malaysia
THERE is a feeling of déjà vu at Genting Group.
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Frankly Speaking: More questions for GenM independent directors
Genting Malaysia Bhd has come out to defend its purchase of a 35% stake (fully diluted) in Empire Resorts Inc, a financially troubled US casino, from Kien Huat Realty III Ltd, which is left with an es...
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Apex Equity withdraws stay application on Pinerains
KUALA LUMPUR (Aug 15): Apex Equity Holdings Bhd today withdrew its stay application for its shareholder Pinerains Sdn Bhd, which holds a nearly 5% stake, to transfer the case before High Court judge J...
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Eduspec tops Bursa active list ahead of shareholders meeting
KUALA LUMPUR (Aug 8): Eduspec Holdings Bhd's share price rose as much as one sen or 15% to 7.5 sen this morning ahead of the company's extraordinary general meeting (EGM) tomorrow, when shareholders a...
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Kok Thay sells loss-making Empire Resorts stake to Genting Msia
KUALA LUMPUR (Aug 6): Tan Sri Lim Kok Thay, via Kien Huat Realty III Ltd, is selling 46% of the common stock in Nasdaq-listed gaming and entertainment company, Empire Resorts Inc, to Genting Malaysia ...
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Asia Media’s former director lodges police report claiming his signature was...
KUALA LUMPUR (Aug 5): Asia Media Group’s ousted non-executive director Paul Jong Jun Hian claims his signature was forged on a directors’ circular resolutions (DCR). In one of the four separate fi...
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AHB to raise RM9.86m from two private placements
KUALA LUMPUR (July 26): Office furniture manufacturer AHB Holdings Bhd is aiming to raise RM9.86 million from two private placements.
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Asia Media shareholders oust five directors, appoint four new directors
KUALA LUMPUR (July 26): Asia Media Group Bhd's shareholders yesterday voted to remove five directors, including its chief executive officer (CEO) Datuk Wong Shee Kai, at an extraordinary general meeti...
Malaysiakini:
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Kojadi board: Why we suspended Ng as chair
COMMENT | The board of directors of Koperasi Jayadiri Sdn Bhd (Kojadi) held a board meeting on July 17, 2019 to hear and consider both verbal and written explanations given by Ng Peng Hay in regard to...
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D’nonce appoints Tho Yow Yin as chief executive director
KUALA LUMPUR (July 22): D'Nonce Technology Bhd’s director Tho Yow Yin has been redesignated as chief executive director of the company with immediate effect.
theSun:
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Kit Siang slams Zahid over puppet remarks
PETALING JAYA: DAP supremo Lim Kit Siang today slammed Umno President Datuk Seri Ahmad Zahid Hamidi over claims by the latter that Prime Minister Tun Dr Mahathir Mohamad is being fooled by the DAP.
theSun:
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Bersatu members should keep up commitment to party struggle: Maszlee
JOHOR BARU: Parti Pribumi Bersatu Malaysia (Bersatu) members and leaders should maintain a high level of commitment to the party’s struggle to ensure its continuity, said Supreme Council member Dr M...
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Will Yee Lee’s offerors wait and make another attempt in six months?
KUALA LUMPUR: Set on the plan to take Yee Lee Corp Bhd private, the 50-year old Ipoh-based trading company will not take steps to address the shortfall in its public shareholding spread, which arose a...
Malay Mail:
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Bersatu members should keep up commitment to party struggle, says Maszlee
JOHOR BARU, July 21 — Parti Pribumi Bersatu Malaysia (Bersatu) members and leaders should maintain a high level of commitment to the party’s struggle to ensure its continuity, said Supreme Council...
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Umno branch chiefs not as stupid as you think, Zahid tells Dr M
PETALING JAYA: Umno president Ahmad Zahid Hamidi has told Dr Mahathir Mohamad that the party’s branch chiefs are not stupid as the PPBM chairman has claimed.
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Umno-like to allow postponement of PPBM polls, says analyst
PETALING JAYA: A political analyst says PPBM’s move to allow for the postponement of party polls by 18 months through an amendment in its constitution is Umno-like. Universiti Utara Malaysia’s Kam...
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PM denies there will be a Cabinet reshuffle
SERDANG: Prime Minister Tun Dr Mahathir Mohamad has refuted talk of a Cabinet reshuffle following a viral photograph of the full Cabinet taken on Friday before a meeting in Putrajaya.
The Straits Times:
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Focus on people's needs, not self-interest: Mahathir
SERDANG (Selangor) • Malaysian leaders should fight to improve the lot of voters and not for their personal interest or high positions, said Prime Minister Mahathir Mohamad yesterday.
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PPBM approves two-tier voting system
SERDANG: PPBM members have agreed on a two-tier voting system, with one-man-one-vote for ordinary members to elect branch and divisional leaders.
Malay Mail:
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Mukhriz: 79 out of 80 proposed amendments in Bersatu constitution passed with majority support
SERDANG, July 20 — Parti Pribumi Bersatu’s deputy president Datuk Seri Mukhriz Mahathir said 79 of the 80 proposed amendments to the party’s constitution has been passed with a majority of suppo...
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What Cabinet reshuffle? Dr M refutes rumours
SERDANG: Prime Minister Tun Dr Mahathir Mohamad has refuted rumours of a Cabinet reshuffle following a viral photograph of the full Cabinet taken on Friday (July 19) before a meeting in Putrajaya.
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Dr M: Leaders should fight for race, religion and country, not positions
SERDANG: Leaders should fight for race, religion and the country instead of fighting for personal interests or high positions, says Parti Pribumi Bersatu Malaysia (Bersatu) chairman Tun Dr Mahathir Mohamad.
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Let us not be like Umno, Dr M tells PPBM members
KUALA LUMPUR: PPBM chairman Dr Mahathir Mohamad has warned the party’s leaders and members that they must not go down Umno’s path in putting personal aspirations ahead of the struggle for race, re...
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Kampung Baru Development Plan to be submitted next week
KUALA LUMPUR (July 18): The Kampong Baru Development Corporation (PKB) will present the Kampung Baru Development Plan to the Rural Development Ministry next week, said its Minister Datuk Seri Rina Moh...
Malay Mail:
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Kampung Baru Development Plan to be submitted next week, minister says
KUALA LUMPUR, July 18 — The Kampong Bharu Development Corporation (PKB) will present the Kampung Baru Development Plan to the Rural Development Ministry next week, said its minister Datuk Seri Rina ...
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D'Nonce CEO removed after court nullifies his re-election as director
KUALA LUMPUR (July 18): Penang-based D'Nonce Technology Bhd today said its group chief executive officer Lim Teck Seng had been removed.
The Star:
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New political party formed to address interests of Indian community
KUALA LUMPUR: Minister in the Prime Minister's Department P. Waytha Moorthy has announced that a new political party has been set up to address the interests of the Indian community.
Malaysiakini:
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Waythamoorthy launches Malaysian Advancement Party for Indian interests
Minister in charge of national unity and social wellbeing P Waythamoorthy has announced the formation of a new political party to advance the interests of the Indian community.
Malay Mail:
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Dr M: PPBM to tweak party rule that will allow direct election
PUTRAJAYA, July 15 — Parti Pribumi Bersatu Malaysia (PPBM) plans to amend its constitution this weekend in a move that would pave the way for direct election and allow regular members to run for top...
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Frankly Speaking: Why drop the case after nine years?
A recent decision by Transmile Group to drop a civil suit against top executives some nine years after it was filed in April 2010 is puzzling.
Malaysiakini:
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Bersatu to propose clause to postpone party elections
Several amendments to Bersatu’s constitution, including a clause to enable the party to postpone internal elections, will reportedly be proposed at an upcoming extraordinary general meeting.
The Star:
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Ho Hup gets new lease of life
PETALING JAYA: After five years of dwindling profits, a reversal in Ho Hup Construction Co Bhd’s fortunes is may be on the cards.
The Borneo Post:
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Do not get emotional over Wisma Tionghua land issue – MP
Chan KOTA KINABALU: Kota Kinabalu Member of Parliament (MP) Chan Foong Hin has urged the Chinese community to refrain from getting emotional over the Wisma Tionghua issue but to discuss the matter am...
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JF Apex and Mercury Securities merger in limbo
PETALING JAYA: Apex Equity Holdings Bhd may have cleared a major hurdle for its proposed merger with Mercury Securities Sdn Bhd with a slim majority of shareholders voting in favour, but obstacles are coming back to haunt it.
The Star:
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Paramount Corp eyes regional expansion
KUALA LUMPUR: Paramount Corp Bhd, which has received shareholder approval to dispose of 65% of its tertiary education ops, is looking to expand its property business within the region.
The Star:
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Paramount shareholders approve UOW-KDU transaction
KUALA LUMPUR: Paramount Corp Bhd has received shareholder approval to dispose of its education ops, paving the way for the company to further grow its property segment.
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Tussle continues at Apex Equity
KUALA LUMPUR (July 9): The tussle continues between Apex Equity Holdings Bhd’s minority and majority shareholders, even after its unit JF Apex Securities Bhd’s merger with Mercury Securities Sdn B...
Free Malaysia Today:
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SRC had to receive orders from PM after amendment to constitution, says ex-director
KUALA LUMPUR: A former SRC International Sdn Bhd director told the court in Najib Razak’s corruption and abuse of power trial today that the inclusion of a clause in the company’s constitution dra...
Malaysiakini:
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Bersatu Youth wants limelight on Saddiq, Rina, Maszlee, Faizal
Bersatu Youth wants the limelight to be on new party leaders including its chief Syed Saddiq Syed Abdul Rahman, women's chief Rina Harun, supreme council member Maszlee Malik, and Perak chief Faizal A...
Malaysiakini:
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Bersatu man echoes Mukhriz's 'no-contest' call
Bersatu supreme council member Mohd Rafiq Naizamohideen (photo, above) has supported the stance of party deputy president Mukhriz Mahathir, who said that Bersatu grassroots do not want the three top p...
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Mukhriz: Bersatu division leaders propose top three positions in party be uncontested
KUALA LUMPUR: Division leaders in Parti Pribumi Bersatu Malaysia (Bersatu) are proposing for the top three positions in the party - chairman, president and deputy president- to be uncontested in the coming party polls, says Datuk Seri Mukhriz Mahathir.
Free Malaysia Today:
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PPBM members hoping top 3 posts not contested, says Mukhriz
KUALA LUMPUR: PPBM deputy president Mukhriz Mahathir says division leaders are hoping that the top three posts including his will not be contested when the party meets for its general assembly in Nove...
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Apex-Mercury merger goes ahead, opponents dig in
LAST week, the merger between JF Apex Securities Bhd — a unit of locally listed Apex Equity Holdings Bhd — and Mercury Securities Sdn Bhd cleared a major hurdle.
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Some PPBM members want top party posts to be uncontested, says Mukhriz
KUALA LUMPUR (July 2): There are suggestions from Parti Pribumi Bersatu Malaysia (PPBM) grassroots for the party's top posts to be uncontested at the party's third annual general meeting (AGM) later i...
Malaysiakini:
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Rina yet to decide on defending Srikandi Bersatu chief post
Rina Mohd Harun has yet to decide whether to defend her post of Srikandi Bersatu chief at the upcoming party polls.
theSun:
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Bersatu Srikandi chief Rina harun yet to decide on defending post
PUTRAJAYA: Datuk Seri Rina Mohd Harun (pix) has yet to decide whether to defend the post of chief of the women’s wing, Srikandi, of Parti Pribumi Bersatu Malaysia (Bersatu) at the next party electio...
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Rizal Faris says he remains DPMM president after winning unanimous backing at...
KUALA LUMPUR (July 1): Rizal Faris Mohideen Abdul Kader says he remains as the president of the Malay Chamber of Commerce Malaysia (DPMM), after the unanimous backing he received from delegates at the...
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Syed Hussein: Rizal no longer DPMM appointed president, RoS record discrepancy...
KUALA LUMPUR (June 28): The rival faction in the Malay Chamber of Commerce Malaysia (DPMM) maintained today that the appointment of Datuk Seri Syed Hussein Alhabshee as president on its June 15 annual...
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Off-Market Trades: Ecobuilt Holdings, Metronic Global, Xian Leng Holdings, Ni...
NOTABLE off-market trades in the holiday-shortened three-day period in review included those at construction company Ecobuilt Holdings Bhd.
The Star:
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Dr M: Bersatu elections crucial for party's expansion
PUTRAJAYA: Tun Dr Mahathir Mohamad believes it is important that Parti Pribumi Bersatu Malaysia holds its election to push for the expansion of the party.
Malaysiakini:
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Bersatu may postpone its party elections, says report
Bersatu, which was formed in September 2016 and has to elect its new leadership every three years, is said to be considering postponing its first-ever party elections.
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Rival DPMM faction withdraws suit after Syed Hussein wins presidency
KUALA LUMPUR (June 25): A rival faction within the Malay Chamber of Commerce Malaysia (DPMM) has today withdrawn its suit against its former president Rizal Faris Mohideen Abdul Kadir and former secre...
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Seacera sues latest EGM requisitioners, says their shareholding claim is false
KUALA LUMPUR (June 25): Seacera Group Bhd is suing three individuals who recently sent a special notice to the company, claiming they held 10% of its issued shares, to requisition for another extraord...
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Decision day for JF Apex-Mercury merger
THIS Wednesday, shareholders of Apex Equity Holdings Bhd will hopefully have their questions on the many headline-making developments involving the group answered at an extraordinary general meeting (...
theSun:
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Disputes between PKR, Bersatu leaders are individual views: Muhyiddin
JELEBU: Disputes between several leaders of PKR and Parti Pribumi Bersatu Malaysia (Bersatu) on the transition of the Prime Minister’s post are individual views and not that of the party, according ...
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Dispute over PM succession ‘personal views’, says Muhyiddin
JELEBU: The spat between several PKR and PPBM leaders over the transition of the prime minister’s post are personal views and not that of the parties, Muhyiddin Yassin said.
Malay Mail:
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Muhyiddin says power transfer disputes between PKR, Bersatu leaders are individual views
JELEBU, June 22 — Disputes between several leaders of PKR and Parti Pribumi Bersatu Malaysia (Bersatu) on the transition of the Prime Minister’s post are individual views and not that of the party...
Malaysiakini:
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Umno plans EGM to amend its constitution in November
Umno's supreme council will propose a motion through an extraordinary general meeting in November to amend certain clauses of the party's constitution.
The Star:
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Apex clears hurdle for merger with Mercury
KAJANG: The battle in Apex Equity Holdings Bhd has taken a major turn with shareholders voting in favour of the merger with Mercury Securities Sdn Bhd in a slim majority of 54.8%.
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Apex board gives green light for unit's merger with Mercury Securities
KAJANG (June 19): Shareholders of Apex Equity Holdings Bhd have given the green light for the proposed merger between its wholly-owned unit JF Apex Securities Bhd and Mercury Securities Sdn Bhd.
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Apex gets green light from shareholders for Mercury merger
KAJANG: Apex Equity Holdings Bhd has obtained a simple majority from its shareholders for the proposed merger with Mercury Securities Sdn Bhd and the proposed private placement of 20 million new ordinary shares.
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Shareholders fail to stop D’Nonce from holding AGM on June 17
KUALA LUMPUR (June 14): D’Nonce Technology Bhd said its shareholders have failed in their bid to block the Penang-based hard disk drive contract manufacturer from proceeding with its annual general ...
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Day 23 of Najib's SRC trial: Ismee's testimony may revolve around director...
KUALA LUMPUR (June 12): All eye will be on the testimony of former SRC International Sdn Bhd chairman Tan Sri Ismee Ismail again, ‬as the former premier Datuk Seri Najib Razak's RM42 million SRC tr...
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Najib had control of SRC, court told
KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak had control in the management of SRC International Sdn Bhd after an amendment was made in the company’s articles of association, the High Court heard.
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Witness: Najib had full control over SRC
Tan Sri Ismee Ismail, the former board member of SRC International Sdn Bhd, told the High Court in Kuala Lumpur Tuesday that former Prime Minister Datuk Seri Najib Razak added a clause in the constitu...
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Najib had full control over SRC, says witness
KUALA LUMPUR (Bernama): Former prime minister Datuk Seri Najib Razak had full control over the administration of SRC International Sdn Bhd based on the amendment to the company's Articles of Association.
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Lim Goh Tong's grandson breaks silence amid Donaco leadership transition
KUALA LUMPUR (June 11): Donaco International Ltd, which is linked to the late Genting Group founder Tan Sri Lim Goh Tong's grandsons, said today Benjamin Lim Keong Hoe's (pictured)  role as interim c...
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Lim Goh Tong's grandson breaks silence amid Donaco leadership transition
KUALA LUMPUR (June 11): Donaco International Ltd, which is linked to the late Genting Group founder Tan Sri Lim Goh Tong's grandsons, said today Benjamin Lim Keong Hoe's role as interim chief executiv...
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Goh Tong’s grandsons to be removed from Donaco
A host of questions are hanging over the management of casino operator Donaco International Ltd, which until recently was the vehicle of Joey Lim Keong Yew and Benjamin Lim Keong Hoe — the grandsons...
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Najib amended SRC International constitution to gain control as ‘adviser emeritus’, says ex-director
KUALA LUMPUR, June 11 — Datuk Seri Najib Razak added a clause in the constitution of SRC International Sdn Bhd at an extraordinary general meeting (EGM) to make him the ‘adviser emeritus’ of the...
Free Malaysia Today:
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Najib amended SRC constitution to gain control of the company, says ex-chairman
KUALA LUMPUR: The High Court heard today that Najib Razak added a clause in the constitution of SRC International Sdn Bhd at an extraordinary general meeting (EGM) to make him the adviser emeritus of ...
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Short Position
Who gets to vote in Apex AGM?ON June 19, an interesting milestone in the saga involving Apex Equity Holdings Bhd will take place. That is the day that Apex Equity shareholders are meant to vote on whether their company should merge with Mercury Securities Sdn Bhd.
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D'Nonce's new largest shareholder Tan moves to halt company's EGM on June 12
KUALA LUMPUR (June 4): Penang-based D'Nonce Technology Bhd's new, single largest shareholder is now seeking to halt the hard disk drive contract manufacturer from holding an extraordinary general meet...
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Metronic Global shareholders seek EGM to kick out directors
KUALA LUMPUR (June 4): Metronic Global Bhd shareholders claiming to hold at least 10% of the group’s shareholdings, are calling for an extraordinary general meeting (EGM) to replace its board of dir...
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Protasco starting on a clean slate
COULD construction and property player Protasco Bhd be a stock worth watching now that its boardroom tussle and one-off impairments have come to a close?
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Donaco sets July 18 for EGM to decide fate of Lim Goh Tong's grandsons
KUALA LUMPUR (May 31): Aussie gaming firm Donaco International Ltd, which has received a notice from shareholders with over 5% stake in the company to hold an extraordinary general meeting to remove t...
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Donaco sets July 18 for EGM to decide fate of Lim Goh Tong's grandsons
KUALA LUMPUR (May 30): Aussie gaming firm Donaco International Ltd, which has received a notice from shareholders with over 5% stake in the company to hold an extraordinary general meeting to remove t...
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Seacera says appealing against dismissal of EGM injunction bid
KUALA LUMPUR (May 30): Seacera Group Bhd said today it had yesterday (May 29) filed an appeal notice against High Court judge Ong Chee Kwan's decision to dismiss the company's injunction application t...
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Report: Mat Hasan pushing to amend Umno constitution to oust Zahid, Najib
The purported amendment to the Umno constitution, which would see party leaders facing court action dropped from their posts, is reportedly being pushed by deputy president Mohamad Hasan.
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MAA Group to scout for new business
KUALA LUMPUR: MAA Group Bhd (MAAG), which failed to get the nod from shareholders for a proposed privatisation exercise by its major shareholder, will focus on finding a new business to exit its Practice Note 17 (PN17) status.
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Seacera confident of lifting PN17 status
KUALA LUMPUR (May 29): Tile manufacturer Seacera Group Bhd is confident of lifting its Practice Note (PN17) status after the newly-appointed board of directors rolls out its regularisation plan in the...
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MAA share price tanks as group says it won't pay more after proposed SCR...
KUALA LUMPUR (May 29): MAA Group Bhd's controlling shareholder Tunku Datuk Yaacob Khyra states that the group will not up the selective capital repayment (SCR). Minority shareholders of MAA rejected t...
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Melewar's plan to take MAA Group private via SCR fails
KUALA LUMPUR: MAA Group Bhd’s major shareholder, the Melewar group's proposed plan to take it private through a selective capital reduction (SCR) failed.
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Seacera MD resigns after High Court dismisses EGM injunction application
KUALA LUMPUR (May 29): Seacera Group Bhd group managing director Zulkarnin Ariffin resigned today due to personal reasons and after the tile manufacturer said yesterday the High Court here had dismiss...
Malay Mail:
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Bersatu to amend party constitution, seek fairer member representation
PETALING JAYA, May 28 — Parti Pribumi Bersatu Malaysia will hold an extraordinary general meeting (EGM) on July 20 to make amendments to its party constitution.
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Lim Goh Tong’s grandsons facing threat of expulsion from Donaco
KUALA LUMPUR (May 27): Donaco International Ltd has received notice from shareholders holding more than 5% stake in the Aussie-based company to remove Genting group’s scions Joey Lim Keong Yew and B...
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Seacera says two directors resigned due to personal reasons
KUALA LUMPUR (May 27): Seacera Group Bhd announced today the resignation of two independent non-executive directors Datuk Seri Abdul Azim Mohd Zabidi and Datuk Seri Azizan Ahmad.
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Court fixes Monday to hear Seacera’s application to declare notice for EGM null...
KUALA LUMPUR (May 24): The High Court has fixed Monday to hear Seacera Group Bhd’s application for a declaration that a notice of extraordinary general meeting filed by a group of shareholders is nu...
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MAA: No restriction on offer price revision
PETALING JAYA: MAA Group Bhd has clarified that existing rules do not impose any restriction on the potential revisions to the offer price under a proposed selective capital repayment (SCR) exercise by its major shareholders to take the company private.
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MAA Group board could propose revised offer price
KUALA LUMPUR: MAA Group Bhd has issued a clarification that the rules under the Takeover Code issued by the Securities Commission does not impose any restriction on revisions to the offer price under the proposed selective capital repayment (SCR).
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Seacera gets letter of demand from AmBank Islamic for RM19m
KUALA LUMPUR (May 21): Practice Note (PN17) company Seacera Group Bhd said it has been a served a letter of demand for payment of RM19.28 million by AmBank Islamic Bhd.
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Insider Moves: Orion IXL Bhd, Reach Energy Bhd, Seacera Group Bhd, Johore Tin...
Notable filings DURING the week of April 15 to 19, notable changes in shareholdings of companies listed on Bursa Malaysia included the disposal of 25.64 million shares, or a 4.23% stake, in Orion IXL ...
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Maintenance for stratified mixed development (Part 2)
Contributed by property valuer Mary Lau The decision of the High Court in the Menara Rajawali case allowing differential rates for different categories has put individual owners at risk of dominant gr...
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Seacera’s substantial shareholder seeks another EGM to remove eight directors...
KUALA LUMPUR (May 3): In the latest twist in the boardroom tussle in Seacera Group Bhd, substantial shareholder Datuk William Tan Wei Lian and six other shareholders have called for another extraordin...
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New twist in Seacera boardroom tussle
KUALA LUMPUR: Seacera Group Bhd has clarified substantial shareholder, Datuk Tan Wei Lian had never approached the board to propose any business plan, which includes the sale of the group’s smaller assets and payment of a 10 sen special dividend.
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Seacera refutes article on Tan Wei Lian's 10 sen special dividend guarantee
KUALA LUMPUR (April 29): Seacera Group Bhd clarified today Datuk Tan Wei Lian had never approached the board of the tile manufacturer to propose any business plan, which includes the sale of the group...
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Seacera suspends trading ahead of fresh news
KUALA LUMPUR: Trading in the securities of Seacera was halted at 11.48am on Friday ahead of an announcement of corporate news.
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