KUALA LUMPUR, March 31 Sanichi Technology Bhd founder and managing director Datuk Seri Pang Chow Huat has acquired a 64.97 per cent stake in Computer Forms (Malaysia) Bhd (CFM) for RM79.91 million, or 60 sen per share, from major shareholder Tan Sri Tan Hua Choon. In a statement today, Pang.
Bursa Malaysia opened higher in early trade on Tuesday (March 1), given the increasing inflows of foreign funds, firmer crude palm oil (CPO) prices that translate into an upside to the plantation sector, and a decent performance in the banking sector’s results, a dealer said.
KUALA LUMPUR (Aug 4): Bursa Malaysia extended its losses to midday, ending the morning trading session lower due to sell-offs across the board amidst the weak market sentiment.
At the lunch break, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 12.83 points to 1,487.43 from Tuesday’s close of 1,500.26.
The market bellwether, which opened 2.98 points weaker at 1,497.28, fluctuated between 1,483.73 and 1,497.88 throughout the session.
A dealer said the cautious sentiment had also increased in the local bourse as Prime Minister Tan Sri Muhyiddin Yassin is expected to deliver a special announcement at 12.30pm.
On the broader market, losers thumped gainers 728 versus 192, while 364 counters were unchanged, 908 untraded and nine others suspended.
Corporate News
Astro and Netflix have entered into a partnership that will see the streaming service brought on to Astro s platform.
The content providers announced in a joint statement that Astro customers will soon be able to access Netflix on their connected Ultra Boxes, first at launch, and subsequently on Ulti Boxes.
The partnership offers their Malaysian customers greater convenience by having Netflix with their Astro subscription, which will provide easy access for payment in a single bill at the best value.
Oil services and engineering company Serba Dinamik Holdings Bhd is taking legal action against its external auditor KPMG PLT for alleged negligence, breach of contract and breach of statutory duty.
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