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Topic: March 31

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SEREMBAN (Aug 21): Matrix Concepts Holdings Bhd, which saw its revenue surpass RM1 billion for the first time in the last financial year, is optimistic that its growth trend will continue in the curre...
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LOS ANGELES: Global markets have become so synchronised that money managers risk losing on every front, according to Hiromichi Mizuno, chief investment officer of the world’s largest pension fund.
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SEREMBAN (Aug 21): Matrix Concepts Holdings Bhd, which saw its revenue surpass RM1 billion for the first time in the last financial year, is optimistic that its growth trend will continue in the curre...
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SEREMBAN: Property developer Matrix Concepts Holdings Bhd, which recorded its best ever performance with revenue of RM1.05bil for FY ended March 2019, expects to maintain its strong financial performance.
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This article first appeared as "Transactions at London Biscuits raise eyebrows" in The Edge Malaysia Weekly, on August 12, 2019 - August 18, 2019.
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PETALING JAYA: Shares of medical cable company Supercomnet Technologies Bhd (Scomnet) have been seeing some interest following news that its largest client, California-based Edwards Lifesciences Corp, has received approval for its heart valve systems from the US Food and Drug Administration (FDA) on Aug 16.
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KUALA LUMPUR (Aug 20): Pos Malaysia Bhd today announced posting a net loss of RM15.1 million in the quarter ended June 30, 2019, compared with a net profit of RM4.98 million in the corresponding quart...
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Trading in the securities of Utusan Melayu (Malaysia) Bhd will be suspended with effect from Aug 28 and its shares will be de-listed on Aug 30.
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KUALA LUMPUR, Aug 20 — Trading in the securities of Utusan Melayu (Malaysia) Bhd will be suspended with effect from August 28 and its shares will be de-listed on August 30.
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KUANTAN (Aug 20): Pahang Menteri Besar Datuk Seri Wan Rosdy Wan Ismail yesterday said many experts from the atomic energy field have confirmed the operation of rare earth processing company Lynas Mala...
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KUALA LUMPUR (Aug 20): Utusan Melayu (M) Bhd's share price fell as much as four sen or 36.36% to seven sen, valuing the company at barely RM8 milion, so far today after the newspaper publisher announc...
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DATUK Wira Boo Kuang Loon, CEO and executive director of Yong Tai Bhd, warns against being too optimistic.
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CONFECTIONERY maker London Biscuits Bhd’s share price has been on the decline since the beginning of the year, closing at 14 sen last Thursday — its lowest level since debuting on the local stock ...
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KUALA LUMPUR (Aug 20): Hibiscus Petroleum Bhd has completed the St Joseph Infill Drilling campaign in the 2011 North Sabah Enhanced Oil Recovery Production Sharing Contract (North Sabah PSC). In a sta...
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KUALA LUMPUR: Hibiscus Petroleum Bhd's unit SEA Hibiscus Sdn Bhd has successfully completed the St Joseph infill drilling contract in the 2011 North Sabah enhanced oil recovery production sharing contract (PSC).
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KUALA LUMPUR (Aug 20) Utusan Melayu (M) Bhd's share price fell as much as four sen or 36.36% to seven sen, valuing the company at barely RM8 milion, so far today after the newspaper publisher announce...
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KUANTAN (Aug 19): Pahang Menteri Besar Datuk Seri Wan Rosdy Wan Ismail today said many experts from the atomic energy field have confirmed the operation of rare earth processing company Lynas Malaysia...
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KUANTAN: Pahang Menteri Besar Datuk Seri Wan Rosdy Wan Ismail yesterday said many experts from the atomic energy field have confirmed the operation of rare earth processing company Lynas Malaysia Sdn ...
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KUANTAN: Pahang Mentri Besar Datuk Seri Wan Rosdy Wan Ismail today said many experts from the atomic energy field have confirmed the operations of rare earth processing company Lynas Malaysia Sdn Bhd ...
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KUANTAN, Aug 19 — Pahang Mentri Besar Datuk Seri Wan Rosdy Wan Ismail today said many experts from the atomic energy field have confirmed the operation of rare earth processing company Lynas Malaysi...
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KUANTAN: The state government is urged to intervene to expedite the issuance of approval for bauxite mining in Pahang now that the moratorium has been lifted.
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KUANTAN, Aug 18 — The state government is urged to intervene to expedite the issuance of approval for bauxite mining in Pahang now that the moratorium has been lifted.
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KAMPAR: The National Higher Education Fund Corporation (PTPTN) will continue to promote the ‘’matching grant’’ incentive scheme to encourage more parents from the low-income households (B40) t...
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KAMPAR: The National Higher Education Fund Corporation will continue to promote the ‘matching grant’ incentive scheme to encourage more parents from the low-income households to save for their chi...
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CYBERJAYA: The Malaysian Communications and Multimedia Commission (MCMC) has issued 107 compounds amounting to RM3.83 million to telecommunications companies (telcos) as of July 31, 2019.
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CYBERJAYA, Aug 17 — The Malaysian Communications and Multimedia Commission (MCMC) has issued 107 compounds amounting to RM3.83 million to telecommunications companies (telcos) as of July 31, 2019.
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PETRONAS Dagangan Bhd’s share price fell to a one-year low last week.
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KUALA LUMPUR (Aug 14): Shares in Complete Logistic Services Bhd fell as much as 7.8% this morning after the group announced that it was planning to sell substantial shareholdings in three of its wholl...
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KUALA LUMPUR (Aug 13): Complete Logistic Services Bhd is planning to sell 80% of its shareholdings in three wholly-owned companies to SH Cogent Logistics Pte Ltd for RM85.6 million, cash, as the compa...
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MSM Malaysia Holdings Bhd has been hit by headwinds in recent times.
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Notable filings BETWEEN July 22 and 26, notable changes in shareholding included that at Borneo Oil Bhd, where Datuk Freddy Lim Nyuk Sang acquired 55.56 million shares off market.
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KUALA LUMPUR: ELK-Desa Resources Bhd has seen steady growth in revenue and profit for the last four financial years.
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KUALA LUMPUR (Aug 10): A lack of understanding of the tourism industry has “devastated” Yong Tai, CEO and executive director Datuk Wira Boo Kuang Loon told The Edge Malaysia.
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KUALA LUMPUR (Aug 9): TH Plantations, in which Lembaga Tabung Haji holds a 73.84% stake, has suspended its chief financial officer (CFO) Mohamed Azman Shah Ishak today until further notice.
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KUALA LUMPUR (Aug 9): GSB Group Bhd’s controlling shareholder, the Tee family, is selling RM714 million worth of real estate assets to the company for RM714.53 million.
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KUALA LUMPUR (Aug 9): GSB Group Bhd’s controlling shareholder, the Tee family, is selling RM714 million worth of real estate assets to the company for RM714.53 million.
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SINGAPORE, Aug 8 — Singtel’s profits slumped by 35 per cent year-on-year in the quarter ending on June 30, with losses from its Indian subsidiary Bharti Airtel dragging down the group’s overall ...
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AMMB Holdings Bhd’s group CEO Datuk Sulaiman Mohd Tahir can perhaps finally catch his breath, having now made notable progress in his four-year “Top 4” plan to put the group on a stronger and mo...
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KUALA LUMPUR: A police officer told the High Court yesterday that he did not edit the CCTV footage which captured the movement of two people believed to be the two accused in a fire incident at a tahf...
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A police officer told the High Court today that he did not edit the CCTV footage which captured the movement of two people believed to be the two accused in a fire at a tahfiz centre in Kuala Lumpur.
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KUALA LUMPUR (Aug 7): The newly-forged CIMB Islamic Bank Bhd-Takaful Ikhlas General Bhd partnership is targeting RM168 million in gross contribution from the sale of Islamic insurance or takaful produ...
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KUALA LUMPUR (Aug 7): Genting Malaysia Bhd (GenM) saw as much as RM3.15 billion in market capitalisation wiped off as its share price tumbled as low as 14.68% or 53 sen to RM3.08 at the early morning ...
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KUALA LUMPUR (Aug 7): Shares in Genting Malaysia Bhd (GenM) fell 8.03% this morning after the firm acquired 46% of the common stock in Nasdaq-listed gaming and entertainment company, Empire Resorts In...
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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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KUALA LUMPUR (Aug 6): Department store operator Parkson Corp Sdn Bhd, which shut its 20-year-old store in Suria KLCC earlier this year, has shut another store — the Parkson M Square Mall in Puchong,...
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KUALA LUMPUR (Aug 6): Department store operator Parkson Corp Sdn Bhd, which shut its 20-year-old store in Suria KLCC earlier this year, has shut another store — the Parkson M Square Mall in Puchong,...
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PARIS, Aug 6 — Chinese internet giant Tencent is in early talks to take a stake in the Universal Music Group, a behemoth in the global music industry, UMG’s French owner said tiday.
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PETROCHEMICAL products, which are used in a wide range of consumer and industrial goods, are facing price pressures due to a slowing global trade — the result of a long, protracted trade war between...
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KUALA LUMPUR, Aug 6 — Mah Sing Group Bhd today inked its third land purchase for this year, acquiring a 1.827-hectare (4.515 acres) prime land in Wangsa Melawati, Mukim Setapak for approximately RM...
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KUALA LUMPUR (Aug 5): Xingquan International Sports Holdings Ltd, which just marked its 10th year on Bursa Malaysia last month, is going to be delisted in less than two weeks, together with China Stat...
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On July 9, London Biscuits Bhd fell into Practice Note 17 status for non-payment of banking facilities of RM9.83 million, owed to the Bank of Nova Scotia.
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Petronas Dagangan Bhd’s share price fell to a one-year low last week.
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KUALA LUMPUR (Aug 1): Bank Rakyat has appointed Datuk Rosman Mohamed as its acting managing director effective Aug 1, following the departure of Datuk Zulkiflee Abbas Abdul Hamid from the group on Apr...
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DUBLIN, July 31 — Ryanair has told its staff it has 500 more pilots and 400 more cabin crew than required and job losses will be announced in coming weeks.
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KUALA LUMPUR (July 31): AMMB Holdings Bhd (AmBank) remains cautious on the Malaysian banking industry, amid challenges including the impact of the US-China trade war on the world economy, group chief ...
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WHILE Penang-based diversified group Oriental Holdings Bhd is known to be cash-rich, what many may not know is that close to half the value of its shares is equivalent to its net cash balance.
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TRANSFORMATION is not a new word for Pos Malaysia Bhd.
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THE huge size of Pos Malaysia Bhd’s workforce is an unmistakable structural challenge underlying its persistently high universal service obligation (USO) costs.
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Notable filings BETWEEN July 8 and 12, notable filings included those at APFT Bhd, which saw non-executive director Liau Chee Kiong dispose of 10 million shares, or a 0.7% stake, on the open market.
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KUALA LUMPUR (July 29): Prestar Resources Bhd’s 51%-owned steel products unit Tashin Holdings Bhd recorded a net profit of RM3.50 million or 1.21 sen per share, on the back of RM62.78 million revenu...
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KUALA LUMPUR: Steel products manufacturer Tashin Holdings Bhd, which will be listed on the ACE Market on Aug 1, posted net profit of RM3.5mil in the firstr quarter ended March 31, 2019.
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KUALA LUMPUR: Credit Suisse Group AG has emerged as a subtantial shareholder in loss-making Vsolar Group Bhd with a 5.08% stake.
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KUALA LUMPUR (July 27): AMMB Holdings Bhd’s group CEO Datuk Sulaiman Tahir can perhaps finally catch his breath, having now made notable progress in his four-year ‘Top 4’ plan to put the group o...
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KUALA LUMPUR, July 25 — Alliance Bank Bhd will further strengthen its digital product offerings in the financial year ending March 31, 2020 (FY20) through the allocation of RM50 million in capital e...
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KUALA LUMPUR (July 25): Alliance Bank Malaysia Bhd has earmarked RM50 million as capital expenditure to enhance its digital value propositions for customers in the financial year ending March 31, 2020...
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KUALA LUMPUR (July 25): Hibiscus Petroleum Bhd shares rose 3.85% in active trade this morning after its unit SEA Hibiscus Sdn Bhd successfully achieved first oil after drilling and completing the SJ-1...
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PETALING JAYA: Hibiscus Petroleum Bhd has achieved first oil under an enhanced oil recovery production sharing contract (PSC) in the St Joseph oil field in Sabah.
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KUALA LUMPUR (July 24): Based on corporate announcements and newsflow today, these stocks could be in focus on Thursday (July 25): GHL Systems Bhd, Hibiscus Petroleum Bhd, Axis Real Estate Investment ...
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KUALA LUMPUR (July 24): Hibiscus Petroleum Bhd has achieved first oil in the North Sabah Production Sharing Contract (North Sabah PSC). In a statement today it said its wholly-owned unit SEA Hibiscus ...
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KUALA LUMPUR: The company said wholly owned SEA Hibiscus Sdn Bhd has safely and successfully drilled and completed the SJ105A well at the St Joseph oilfield.
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MALAYSIA Airlines’ Travelicious Deals are back, offering up to 35% off on airfares to all its network from July 23-30, 2019. The airline’s latest promotion which comes with a wide range of opt-ins are valid for immediate travel until March 31, 2020.
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KUALA LUMPUR (July 23): Mah Sing Group Bhd said it had today acquired a 5.47-acre (2.19ha) prime land in Mukim Batu, Taman Metropolitan, Kepong here for about RM94.8 million.
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KUALA LUMPUR, July 23 ― Mah Sing Group Bhd has acquired 2.21 hectares (ha) of prime land near Kepong Metropolitan Park, Selangor for about RM94.8 million for the development of its affordable servic...
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KUALA LUMPUR: Mah Sing Group Bhd has acquired a 5.47-acre tract in Mukim Batu, Taman Metropolitan, in Kepong for the development of its RM705mil GDV M Luna serviced apartments.
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KUALA LUMPUR (July 23): Mah Sing Group Bhd said it had today acquired a 5.47-acre (2.19ha) prime land in Mukim Batu, Taman Metropolitan, Kepong here for about RM94.8 million.
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PETALING JAYA: Chicken egg producer LTKM Bhd said managing director Datuk Tan Kok (pic) and his family have offered to take the company private.
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KUALA LUMPUR (July 22): LTKM Bhd managing director Datuk Tan Kok and his family have offered RM1.35 a share for the remaining shares of the chicken egg producer not owned by them, under an uncondition...
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KUALA LUMPUR: Shares in HeiTech Padu Bhd continued to gain ground in early trade Monday.
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Comment by Pankaj C Kumar The airlines industry is one tough industry to be in. Whether in the US, Europe or Asia, governments have from time to time come to the rescue of their national carriers mainly due to catastrophic incidents like the Sept 11 terror strike, unsustainable business models or even simply due to a massive debt load.
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QUESTIONS about how Boustead Heavy Industries Corp Bhd (BHIC) presents its financials are not new and have been raised before by its own minority shareholders in past annual general meetings.
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EVERY few years, market talk comes up that businessman Tan Sri Syed Mokhtar Albukhary’s debt and that of his companies are piling up and spiralling out of control.
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KUALA LUMPUR (July 18): Poultry and egg producer Lay Hong Bhd is disposing of a piece of freehold land in Kuala Selangor for RM27.6 million.
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KUALA LUMPUR (July 17): Poultry and egg producer Lay Hong Bhd is disposing of a piece of freehold land in Kuala Selangor for RM27.6 million.
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KUALA LUMPUR: About 40 former employees of Tamil daily Tamil Nesan which ceased operations in February lodged a police report today against the company for failing to provide monetary compensation as ...
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Awang Arfian presents letters of appreciation to the police cadets.
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KUALA LUMPUR (July 16): Vortex Consolidated Bhd, formerly known as SKH Consortium Bhd, announced it has been granted approval from the Labuan Financial Services Authority (LFSA) to carry out its money...
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KUALA LUMPUR (July 16): Pegasus Heights Bhd, formerly known as Naim Indah Corp Bhd, said its contract as a project management consultant for a 30-storey mixed commercial development at Teluk Likas, Sa...
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PETALING JAYA: The sale of FGV Holdings Bhd’s loss-making FGV China Oils Ltd (FGVCO) to China-based Grand Industrial Holding Co Ltd for RM100mil will allow the group to stop accounting for losses in its loss-making entity.
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KUALA LUMPUR: ELK-Desa Resources Bhd, a non-bank lender in the used-car segment, has announced the establishment of a medium term notes (MTN) programme of up to RM1bil in nominal value via Premier Auto Assets Bhd.
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KUALA LUMPUR (July 15): Pegasus Heights Bhd, formerly known as Naim Indah Corp Bhd, said its contract as a project management consultant for a 30-storey mixed commercial development at Teluk Likas, Sa...
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KUALA LUMPUR (July 15): ELK-Desa Resources Bhd has announced its maiden medium term notes (MTN) programme of up to RM1 billion in nominal value to raise funds for the expansion of its used car hire pu...
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KUALA LUMPUR (July 15): More than a quarter of the funds allocated to the 1Malaysia Training Scheme (SL1M) were invested by TalentCorp without the knowledge of the scheme's secretariat.
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SHAH ALAM: Badly hit by declining construction jobs after the government dropped several large infrastructure projects, Mikro MSC Bhd is undergoing a challenging time.
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KUALA LUMPUR: CIMB Equities Research is neutral on FGV’s sale of its entire 100% stake in FGV China Oils for Rmb165m (or RM100mil) to Grand Industrial Holding Co Ltd.
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NEW DELHI, July 14 — One of India's biggest housing finance companies, Dewan Housing Finance Corp Ltd (DHFL), warned yesterday that its financial situation was so grim that it may not survive.
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KUALA LUMPUR (July 11): Revenue Group Bhd saw 10 million shares cross off-market today.
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PETALING JAYA: Datuk Seri Dr Wee Ka Siong met with a former Ukrainian minister in Parliament Thursday (July 11).
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KUALA LUMPUR (July 11): Bintai Kinden Corp Bhd, which specialises in mechanical and electrical engineering works, announced today that its unit has secured an underground cable contract worth RM2.08 m...
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KUALA LUMPUR (July 11): Yinson Holdings Bhd, which plans to buy a controlling stake in Singapore-listed Ezion Holdings Ltd via assignment and conversion of the latter's debt, is still waiting for Ezio...
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KUALA LUMPUR: Shares of Dialog Group Bhd rose to a high of RM3.49 on Thursday, the best performance since October 2018, aided by firmer crude oil prices and recurring income business.