Today's top Malaysian news, sport and lifestyle.
Controlling shareholders of stainless steel fastener manufacturer Tong Herr have launched a privatisation proposal at RM2.55 per share, representing a 34% premium to the stock's last closing price, citing poor liquidity and operational flexibility.
Bursa Malaysia accelerated its climb mid-session, with the FBM KLCI rising 16.18 points to 1,748.84 as technology stocks surged 2.91% on global earnings optimism and lower crude oil prices.
Oriental Interest Bhd has announced plans to acquire Chin Hin (Jitra) Sdn Bhd and CHJ Motor Holdings Sdn Bhd for RM280 million, marking a strategic diversification move into new business segments.
Bursa Malaysia has publicly reprimanded Meridian and fined its executive director for repeatedly missing deadlines in submitting audited financial statements, leaving investors without essential information for extended periods.
Bursa Malaysia opened with modest gains as crude oil surged past $95 per barrel, but persistent concerns over technology sector spending and potential hawkish Fed policy kept investors cautious.
Apparel manufacturer PCCS Group plans a RM33.73 million capital reduction to distribute its stake in Southern Capital Group to shareholders, separating credit and insurance businesses.
Milux Corporation is acquiring full ownership of Movon for RM150 million through a share issuance, expanding its home appliance distribution network and rent-to-own schemes across Malaysia.
Epicon Bhd has agreed to purchase 60 per cent stakes in Rantau Urusan and LPB Construction from Lagenda Properties Bhd for RM543.16 million, with an option to acquire the remaining 40 per cent stake at a later date.
Malaysia's benchmark FBM KLCI index surged past the 1,700 psychological level, driven by strength in banking and energy stocks including PETRONAS subsidiaries and major lenders, while regional markets stumbled.
GB Bond Holdings, a Penang manufacturer of water-based adhesives and sealants, has secured Bursa Malaysia's approval for a third-quarter 2026 listing on the ACE Market, planning to raise capital for capacity expansion and regional growth.
Penang-based adhesives manufacturer GB Bond Holdings has received Bursa Malaysia's approval to list on the ACE Market by the third quarter of 2026, planning to raise capital for regional expansion and capacity upgrades.
Stratus Global Holdings, a semiconductor automation solutions provider, has launched a RM285mil Main Market IPO targeting a July 21 listing on Bursa Malaysia, with proceeds allocated to facility expansion, R&D, and international growth.
Rohas has announced through a stock exchange filing that the Malaysian Anti-Corruption Commission's investigation into its HG Power Transmission subsidiary has concluded without further action required.