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Malaysian shipping and logistics firm MISC has confirmed preliminary discussions regarding a potential privatisation of floating production, storage and offloading operator Yinson Holdings at an indicative price of RM2.35 per share.
Pioneer Heat Holdings, a mechanical engineering services provider, seeks RM21.68 million through an ACE Market IPO on September 17, 2026. The funds will support expansion into Sarawak's oil and gas sector and a new headquarters in Sendayan, Negeri Sembilan.
Major shareholders of Tong Herr, holding 74.5% of the company, have launched a privatisation proposal at RM2.55 per share through a selective capital reduction exercise, citing low trading liquidity and operational flexibility.
Bursa Malaysia's benchmark index climbed to 1,748.84 midday as technology stocks surged 2.91%, bolstered by positive Big Tech earnings and regional market strength across Asia.
Oriental Interest Bhd plans to acquire Chin Hin (Jitra) and CHJ Motor Holdings for RM280 million, marking a strategic diversification into automotive and industrial segments expected to complete by end-2026.
Bursa Malaysia has publicly reprimanded Meridian and fined its executive director for repeatedly missing annual report deadlines, depriving investors of audited financial information for extended periods.
Bursa Malaysia posted a modest gain at the opening bell as crude oil surged past $95 a barrel amid Middle East tensions, yet investor sentiment remained cautious with the broader market struggling to build on earlier losses.