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TIME dotCom jumps to record high after announcing two-for-one bonus issue

KUALA LUMPUR (March 17): TIME dotCom Bhd’s share price pared gains after surging 74 sen or 5.33% to a record high of RM14.62 in morning trade on Bursa Malaysia today after the Internet service provider announced yesterday its proposed bonus issue of up to 1.21 billion new shares on the basis of two bonus units for one existing share held. TIME dotCom had pared gains at RM14.18 at 10.08am today after trading between RM14.10 and RM14.62. Trading volume stood at 168,900 shares. At RM14.18, TIME dotCom had a market capitalisation of about RM8.57 billion based on the company’s number of issued shares at 604.26 million units.

Kuala lumpurNasional bhdCom bhdBursa malaysiaகுவாலா லம்பூர்நேஷனல் ப்ட்கம ப்ட்

BCorp, CScenic, Complete Logistic, Daya Materials, FGV, MyEG, Sime Darby Plantation, Superlon, Time dotCom, Top Glove and United Malacca

KUALA LUMPUR (March 16): Based on corporate announcements and news flow today, companies in focus on Wednesday (March 17) may include: Berjaya Corp Bhd (BCorp), Classic Scenic Bhd (CScenic), Complete Logistic Services Bhd, Daya Materials Bhd, FGV Holdings Bhd, My E.G. Services Bhd (MyEG), Sime Darby Plantation Bhd, Superlon Holdings Bhd, Time dotCom Bhd, Top Glove Corp Bhd and United Malacca Bhd. Berjaya Corp Bhd has appointed Abdul Jalil Abdul Rasheed as its new chief executive officer, the first time someone outside the Tan family will hold the position. The former CEO of Permodalan Nasional Bhd will take over from Datuk Seri Robin Tan, who was promoted to executive deputy chairman of the conglomerate.

Kuala lumpurDuncan jepsonBhd cscenicSdn bhdAbdul jalil rasheedPermodalan nasional bhdSessions courtLim ket leng holding sdn bhdTop glove corp bhdBerjaya corp bhdBerjaya corp bhd bcorpSecurities commissionSuperlon holdings bhdLogistic services bhdMyeg services bhd myLabour department

Newsbreak: Two foreign PE funds move to front of the line for purchase of Jaya Grocer

US-based Carlyle Group and Luxembourg-based CVC Capital Partners are believed to be the front runners in the race to acquire Trendcell Sdn Bhd, the owner and operator of high-end supermarket chain Jaya Grocer, say sources, after outbidding at least two other offers. It is learnt that the two private equity firms are negotiating to buy a part of, a majority, or the entire supermarket business of Trendcell, which rang up RM1.32 billion in sales in 2020, for as much as RM1.1 billion. The sale, if successful, will mark the exit of Asean Industrial Growth Fund (AIGF), which purchased a 45% stake in Trendcell in May 2016 for a reported RM300 million. Businessman Teng Yew Huat is the other major shareholder of Trendcell.

Kuala lumpurUnited statesCayman islandsPetaling jayaDavid lee tsengTimbang perkasaCharles tseng chia chunTimbang perkasa sdn bhdShafie shamsuddinBenjamin yong kwet yueBrahmal vasudevanJalan sentulKhor geik meiDaniel yong teck seongZaidaton akmah yeopTrendcell sdn bhd

Over $ 95 Million Growth in Dark Fiber Market in Malaysia | Increasing Data Traffic to Emerge as Key Driver

Over $ 95 Million Growth in Dark Fiber Market in Malaysia | Increasing Data Traffic to Emerge as Key Driver
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