Corporate News
AWC gains a new major shareholder through Mastrack’s share purchase
A change in shareholding has taken place at AWC Bhd, with Datuk Lee Kok Khee emerging as a major shareholder through his company, Mastrack Sdn Bhd. The move involved 4.91 million shares, or a ...
Zetrix AI offers discounted share options amid cash flow pressure and sukuk risks
Zetrix AI Bhd is offering 788.83 million employee share options at an exercise price of 5.4 sen, as the company manages cash pressure and several separate liability issues. The move could raise ...
American Express announces job cuts despite strong quarterly results
American Express raised its full-year profit outlook on Friday after stronger-than-expected quarterly earnings, supported by continued spending among affluent cardholders. The credit card ...
Valencia CF sells 42% stake at €1.25bn valuation to U.S.-led investor consortium
Valencia CF is bringing in fresh capital as the Spanish club pushes ahead with a long-delayed stadium project and a broader ownership reshuffle. The deal gives a U.S.-led consortium a 42% holding, ...
EU countries scale back company law overhaul for bloc-wide operations
European Union governments are narrowing a planned new legal structure meant to make it easier for companies to operate across all 27 member states. The changes remove some of the most ambitious ...
Forteleasing rating cut after ForteBank sale announcement
Forteleasing faces a weaker credit profile as its pending ownership change raises questions over business continuity and execution risk. The rating action follows ForteBank's sale announcement and ...
RELX rating affirmed at A- as Fitch cites resilient analytics business
RELX retains an investment-grade credit profile as demand for information-based analytics and decision tools supports its operating stability. The rating action reflects the group's diversified ...
Torrent Pharmaceuticals quarterly profit declines as R&D costs offset India sales growth
India's chronic therapy market continues to support strong prescription demand, but higher investment spending is pressuring earnings for some drugmakers. Torrent Pharmaceuticals says ...
Maxis acquires Astro Fibre business assets for up to RM83 million
Consolidation in Malaysia’s broadband market continues as Maxis Bhd agrees to acquire Astro Fibre’s business assets from Measat Broadcast Network Systems Sdn Bhd. The cash deal, worth up to ...
Ignite boardroom battle leaves Dan Bilzerian sidelined as father tightens control
A family power struggle at vape maker Ignite International Brands has left founder figure Dan Bilzerian outside the company he helped popularize. The dispute ties the social media personality's ...
Malakoff awards RM34.39 million contract for WTE connection works in Melaka
Malakoff’s waste-to-energy facility in Sungai Udang, Melaka, is continuing to develop its grid infrastructure with the award of a new contract worth RM34.39 million. The scope of work will ...
Redtone Digital appoints Robin Tan as executive deputy chairman
Redtone Digital Bhd has appointed Datuk Seri Robin Tan Yeong Ching as executive deputy chairman in the telecommunications company's latest leadership change. The appointment comes as Berjaya Group ...
PhillipCapital upgrades SpaceX on AI revenue strength
Stronger revenue from SpaceX's artificial intelligence business is prompting a sharp turn in analyst sentiment after the company posted its first profit as a publicly traded stock. The rating ...
Pick n Pay narrows half-year losses, ends labour restructuring process
South African retailer Pick n Pay says its interim losses are set to shrink for the 26 weeks ended 30 August 2026 as trading profit improves across the group. The company also withdraws its ...
Citi secures China securities approval to expand local market access
China continues to widen access to parts of its financial sector as foreign banks seek a larger foothold in the country’s capital markets. Citi has now secured approval to operate in China’s ...
CelcomDigi seeks RM10 billion sukuk programme for refinancing and capital expenditure
CelcomDigi is strengthening its financing structure after its wholly owned unit filed a proposal for an Islamic medium-term note programme worth up to RM10 billion. The facility will cover ...
Prudential Plc takes a substantial 5.25% stake in Solarvest
The foreign institutional investor’s move into Solarvest comes as the clean energy group continues to post growth in profit and revenue, driven by stronger contributions from utility-scale solar ...
Holtec nuclear restart project in Michigan faces regulatory scrutiny as safety concerns grow
Efforts to restart the Palisades nuclear plant in Michigan are facing added scrutiny as the U.S. pushes nuclear power to meet rising electricity demand linked to artificial intelligence. Recent ...
Yinson achieves first oil production ahead of schedule at Vietnam field
The joint venture between Yinson Holdings Bhd and PetroVietnam Technical Services Corp has achieved first oil production at the Lac Da Vang field offshore Vietnam ahead of the original ...
AZRB obtains three-month restraining order while arranging a scheme with creditors
Ahmad Zaki Resources Bhd has obtained temporary protection from creditor legal action as the group seeks to stabilise its financial position. The three-month order gives its wholly owned ...
SEGRO grants share options under long-term incentive plan
SEGRO is awarding equity incentives to senior management as part of its long-term pay structure. The company grants options over 200,000 ordinary shares on 23 October 2026, with vesting tied to ...
