News

KUALA LUMPUR: Petronas Chemicals Group Bhd (PCG) has announced the landmark acquisition of the entire equity interest in Perstorp Holding AB for RM7.018bil cash. Read full story

KUALA LUMPUR: Dagang NeXchange Bhd (DNeX) and Big Innovation Holdings Limited (BIH), a wholly-owned subsidiary of Hon Hai Precision Industry Co Ltd (Foxconn), plan to set up a joint venture company to build and operate a new 12-inch wafer fabrication plant in Malaysia. Read full story

KUALA LUMPUR: Dialog Group Bhd’s net profit for the third quarter ended March 31, 2022, slipped to RM133.07 million from RM136.17 million a year ago mainly due to higher project cost. Read full story

KUALA LUMPUR: Chin Hin Group Bhd plans to dispose of 19.34 per cent stake in Solarvest Holdings Bhd to Divine Inventions for RM103.28 million. Read full story

KUALA LUMPUR: Borneo Oil Bhd has entered into a sale of shares agreement with MT 23 Resources Ltd (MT 23) to acquire 28.36 million shares, or 22.49% of the existing equity interest in Makin Teguh Sdn Bhd (MTSB), a manufacturer of clinker and cement products, for RM73.56mil. Read full story

KUALA LUMPUR: Duopharma Biotech Bhd’s net profit rose 15.2% to RM20.29mil in the first quarter ended March 31 against RM17.61mil a year ago on higher sales. Read full story

KUALA LUMPUR: Sarawak Consolidated Industries Bhd (SCIB) has secured an engineering, procurement, construction and commissioning (EPCC) contract worth RM36mil. Read full story

KUALA LUMPUR: The ringgit appreciated against the US dollar at closing today, tracking the improved sentiment for the Chinese yuan following positive developments in Shanghai, amid concerns over recession in the United States (US). Read full story

PUTRAJAYA: Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz today gave assurance that Malaysia is on track to meet the economic growth target of between 5.3 and 6.3 per cent this year while calling talk of a global recession “premature and unwarranted”. Read full story

KUALA LUMPUR: The Weststar Group is considering an initial public offering of its helicopter services unit in Kuala Lumpur to raise at least $300 million, according to people with knowledge of the matter. Read full story