Trading ideas: NationGate, Zetrix, Malakoff, YNHP, T7, Luxchem, Tomypak, Master Tec, Scope, PetGas, MBSB, Elridge
Nationgate Holdings Bhd said on Tuesday that the Malaysian Anti-Corruption Commission had raided the premises of its wholly owned subsidiary, NationGate Solution (M) Sdn Bhd, as part of an ongoing investigation into alleged scrap metal smuggling.
Zetrix AI Bhd, formerly MyEG Services Bhd , said on Tuesday it will challenge Bursa Securities' public reprimand for breaking Main Market listing rules.
Malakoff Corp Bhd is partnering with Evergreen Earth Sdn Bhd to explore investment opportunities in greenfield solar photovoltaic power plants and other renewable energy initiatives across Sarawak.
YNH Property Bhd on Tuesday terminated a development agreement with Chin Hin Group Property Bhd for an apartment project in Segambut, Kuala Lumpur, and will instead sell the 6.5-acre parcel to Chin Hin via a direct land deal.
T7 Global Bhd has on Tuesday secured a six-month contract extension from Hibiscus Petroleum Bhd for the provision of maintenance, construction and modification services.
Luxchem Corp Bhd is acquiring five leasehold industrial lands in Mukim Kapar, Klang, for RM45.6mn in cash.
Tomypak Holdings Bhd 's wholly-owned subsidiary has exercised a call option to acquire an additional 10% equity interest in EB Packaging Sdn Bhd for RM6.7mn that will raise its shareholding in the latter to 90%.
Master TEC Group Bhd has signed a MoU with Kuching-based Senari Synergy Sdn Bhd to jointly assess the feasibility of establishing a cable manufacturing facility in Sarawak.
Scope Industries Bhd is investing RM20mn in Malacca Securities Sdn Bhd through the subscription of preference shares.
Petronas Gas Bhd has entered into a settlement agreement with BASF Petronas Chemicals Sdn Bhd under which the latter will pay RM52mn to resolve disputes arising from an electricity supply agreement.
MBSB Bhd has rebranded its investment banking arm as MBSB Investment Bank Bhd and the group's investment research unit MBSB Research.
Urusharta Jamaah Sdn Bhd, a special purpose vehicle under Malaysia's Ministry of Finance, has emerged as a substantial shareholder in Elridge Energy Bhd with a 5.3% direct stake.
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The Star
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MACC identifies two more companies in data centre graft
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The Star
2 hours ago
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Exxon, Chevron set stage for race for prize assets
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Dwindling reserves Oil and gas companies are facing a future with limited options for building reserves as the unexplored frontier shrinks and shareholders push for cost control. These firms replenish their reserves not only to grow output but also to offset existing fields' natural decline. Depletion has been a major problem for Chevron, whose reserve replacement ratio slid to negative 4% last year, with reserves falling to their lowest point in at least a decade at 9.8 billion barrels, according to LSEG data. That's the equivalent to eight years of production, down from 10 years in 2023, and compared with Exxon's 12 years in 2024. Reserves can be increased either through exploration, a high-risk, high-reward activity, or by acquiring assets and companies. Energy giants have invested billions in exploration over the decades, which has led to the discovery of resources in new basins such as the North Sea, Angola, Brazil and Indonesia. 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China's open source AI is ‘a catalyst for global progress', Jensen Huang says
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