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IOI Properties has obtained Securities Commission approval to launch a RM7.58 billion real estate investment trust, comprising premium retail malls, office towers and hospitality properties across Malaysia's major cities.
Tong Herr's controlling shareholders have proposed taking the fasteners and extrusions manufacturer private at RM2.55 per share, a 34.2% premium to recent closing prices. The move requires minority shareholder approval and court confirmation.
Bursa Malaysia gathered pace during midday trading, with the FBM KLCI climbing 16.18 points to 1,748.84 as technology stocks surged on optimism from overnight Big Tech earnings and regional market strength.
Property developer Oriental Interest Bhd has announced a RM280 million acquisition of Chin Hin (Jitra) Sdn Bhd and CHJ Motor Holdings Sdn Bhd, marking a significant business expansion move subject to shareholder approval.
Bursa Malaysia has publicly reprimanded Meridian and fined its executive director for breaching listing requirements by delaying annual report submissions by several months, resulting in investors being denied timely access to audited financial statements.
The FBM KLCI gained modestly as oil prices rallied overnight, but investor hesitation persists amid concerns over technology sector spending and potential Federal Reserve hawkishness next week.
Fertiliser manufacturer Cropmate Bhd announced that the Malaysian Anti-Corruption Commission has fully unfrozen all bank accounts that were previously restricted during an anti-money laundering investigation.
GB Bond Holdings, a Penang-based adhesives manufacturer, has secured Bursa Malaysia's clearance to list on the ACE Market in the third quarter of 2026, planning a public issue of 64.3 million shares and an offer for sale of 42.88 million existing shares.
Pertama Digital has been classified as a PN17 company by Bursa Malaysia following its FY2025 audited accounts, which revealed shareholders' equity dropping below critical regulatory thresholds. The company is pursuing a regularisation plan with the Securities Commission Malaysia.
Stratus Global Holdings, a semiconductor automated material handling systems provider, has launched a RM285mil Main Market IPO aimed at July 21 listing, with plans to expand manufacturing and bolster R&D capabilities.