Kuala Lumpur's trusted voice for news, politics and business.
Zetrix AI has firmly denied any involvement in graft charges against former human resources minister Datuk Seri M. Saravanan, after the company's share price collapsed by half amid market speculation.
Major shareholders controlling 74.5% of Tong Herr are proposing to privatise the fasteners and extrusions manufacturer at RM2.55 per share, a substantial premium to recent trading levels, citing low liquidity and the burden of maintaining listed status.
Bursa Malaysia's stock market gathered momentum through midday trading as technology shares surged on optimism from Big Tech earnings and declining crude prices, with the FBM KLCI climbing to 1,748.84 points.
Oriental Interest Bhd plans to acquire Chin Hin (Jitra) Sdn Bhd and CHJ Motor Holdings for RM280 million through share issuance, marking a significant expansion into new business segments for the property developer.
Bursa Malaysia Securities has publicly reprimanded Meridian and fined its sole executive director for repeatedly missing deadlines to file annual reports, breaching fundamental listing obligations.
Bursa Malaysia edged higher in muted trading as surging oil prices and Middle East tensions offset concerns about technology sector spending discipline. The FBM KLCI gained just 3.01 points to 1,714.38.
Fertiliser producer Cropmate Bhd announced that Malaysian Anti-Corruption Commission has unfrozen all its bank accounts that were frozen during an anti-money laundering investigation, with no personnel facing charges.