Gas Malaysia advances energy security, resilience via partnership with Tokyo Gas, VTTI
Gas Malaysia Bhd, a unit of MMC Corporation Bhd, took a significant step in strengthening Malaysia's energy security with the signing of a joint development agreement with Tokyo Gas Co Ltd and VTTI BV for the proposed development of a liquefied natural gas (LNG) regasification terminal (RGT) in Yan, Kedah.
Astro names Henry Tan interim group CEO as Euan Smith steps down
KUALA LUMPUR: Astro Malaysia Holdings Bhd's group chief executive officer (GCEO), Euan Smith, has stepped down after six years with the company, including more than three years at the helm.
Swiss firms invest US$27bil after tariff deal
ZURICH: Swiss companies invested US$27bil in the United States between January and April, as Switzerland moves to fulfil a pledge to sharply increase investment following a tariff agreement with Washington, NZZ am Sonntag reported.
Tanjung Embang set to become Sarawak green growth hub
KUCHING: The Sarawak government is developing an integrated Kuching Low-Carbon Hub (KLCH) in Tanjung Embang, Kuching Division where the new Kuching International Airport and a new deep-sea port will be built.
Velesto Energy appoints Nasution Mohamed as chairman
KUALA LUMPUR: Velesto Energy Bhd has appointed Nasution Mohamed as its chairman effective today.
UMS proposes US$3.6mil investment to expand Vietnam manufacturing footprint
PETALING JAYA: UMS Integration Ltd has inked a non-binding memorandum of understanding (MOU) with Tran Thanh Van and Nguyen Trong Dang, the founding shareholders of three Vietnamese precision engineering and metal processing firms.
CTOS Digital cancels 15.45 million treasury shares under buyback programme
PETALING JAYA: CTOS Digital Bhd has cancelled 15.45 million treasury shares, representing 0.67% of its total issued share capital, as part of its ongoing share buyback programme.
Well Chip plans rights issue to raise up to RM120mil for pawnshop expansion
PETALING JAYA: Well Chip Group Bhd has proposed a renounceable rights issue of up to 120 million new shares to raise between RM60.8mil and RM120mil, with proceeds earmarked mainly for expanding its pawnshop network and boosting cash capital for pawn loan disbursements.
Pineapple Resources major shareholder raises stake to 71.4% after MGO closes
PETALING JAYA: Gan Kok Xan and persons acting in concert only managed to increase their stake in Pineapple Resources Bhd by 7.56% to 71.42% at the close of the unconditional mandatory take over offer on Friday, June 5.
Sern Kou unit secures additional RM7mil CIMB Islamic banking facility
PETALING JAYA: Sern Kou Resources Bhd's wholly owned subsidiary, Valued Products (M) Sdn Bhd (VPM), has accepted an additional RM7mil banking facility from CIMB Islamic Bank Bhd.
