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This is a private investment, separate from the Top Glove Group. KUALA LUMPUR: Tan Sri Lim Wee Chai, founder and executive chairman of the world’s largest rubber glove producer Top Glove Corp., has emerged as a minority shareholder in Malaysian private education group Minda Global Bhd . The shares of Minda Global soared. This is a private investment, separate from the Top Glove Group,” Lim said by email. I have always been passionate about education as it is instrumental in enabling people, organizations and nations to advance.” Minda didn’t respond to requests for comment on the transaction. Its shares surged as much as 58% to 19 sen on Tuesday, the highest since March 2018. Trading volume of 679 million shares is more than 20 times the 20-day average for this time of day and the stock is the most-traded security by volume on the bourse. ....
LITTLE is known about Lagenda Properties Bhd, but the Perak-based firm is one of the most profitable property developers listed on Bursa Malaysia. With a market capitalisation of RM1.24 billion, it is in the ranks of high-end developers such as Eco World Development Group Bhd and Tropicana Corp Bhd. According to its group managing director Datuk Jimmy Doh Jee Ming, the transformation of Lagenda formerly known as DBE Gurney Resources Bhd was completed in August last year. Following the emergence of the Doh family as new major shareholders, the poultry business of DBE has been sold back to the Ding family, the previous owners who had gradually exited the company. Today, Lagenda is a pure-play property developer specialising in affordable housing. ....
Star Media Group names new CEO Details 26 February 2021 Star Media Group has appointed Alex Yeow Wai Siaw as its new group CEO. In a memo seen by A+M, it is stated that Yeow, will take on the role come March. He was formerly the group CEO and executive director of Tropicana Corp, and brings with him vast experience and knowledge from his working experience. His corporate experience has seen him helm other listed companies on Bursa Malaysia where he was previously the managing director at Guocoland Malaysia and chief executive at Malaysian Mosaics. His corporate experience also saw him serve in top management roles at Lafarge Malayan Cement and Hap Seng Consolidated. ....
Malaysia’s super-rich, hard hit by the market following the outbreak of Covid-19, saw billions being wiped out of their fortunes. On the other hand, entrepreneurs involved in the making of rubber gloves minted more money, while new billionaires emerged from the tech manufacturing sector as shares of their companies soared in 2020. THE outbreak of the Covid-19 pandemic in 2020 has delivered a brutal hand to the country’s economy, bringing unprecedented challenges to the general public and corporate sector. And if this may offer some consolation amid the plunging values of your retirement and savings accounts, some of Malaysia’s wealthiest individuals have lost lots of money too, a survey on Malaysia’s 40 Richest individuals for 2020 showed. ....
KUALA LUMPUR (Dec 16): The FBM KLCI extended its gain for the second day running, tracking uptrends in regional bourses thanks to positive market sentiment emanating from the overnight surge on Wall Street and supported by ongoing window-dressing activities as well as Budget 2021 being approved by the Dewan Rakyat yesterday. At 5pm, the FBM KLCI closed 0.44% or 7.39 points higher at 1,681.41, after moving between 1,679.39 and 1,695.87. Across Bursa Malaysia today, the sentiment was positive with 830 gainers versus 453 decliners, while 458 counters were unchanged. A total of 11.22 billion securities were traded for RM5.18 billion, higher compared to 9.96 billion units worth RM5.09 billion recorded yesterday. Reuters reported that Asian stocks were buoyant on Wednesday and the US dollar eased as hopes of effective coronavirus vaccines and the growing prospect of more US fiscal stimulus cheered investors ahead of the Christmas holiday season. ....