Markets

What is Unitree and why are China’s humanoid robot makers racing to list?

BEIJING: Chinese robot maker Unitree has priced its Shanghai initial public offering at 150.8 yuan per share, with subscriptions to start on Monday, as it seeks to raise 6.1 billion yuan ($904 million) in a deal that would see it become the first mainland-listed humanoid robot manufacturer.

Corporate News

Intel launches US$15bil share sale as turnaround rally lifts stock

Intel is planning to raise $15 billion through a share sale, the U.S. chipmaker said on Monday as it looks to fund the costly build-out of its chip contract manufacturing business by cashing in on a stock surge fueled by its turnaround efforts.

Markets

United Asiapac Energy IPO oversubscribed 21 times

KUALA LUMPUR: United Asiapac Energy Bhd's initial public offering (IPO) has been oversubscribed by 21.02 times ahead of its listing on the ACE Market of Bursa Malaysia.

Corporate News

MN Holdings secures RM122.31mil underground cable contract from TNB

PETALING JAYA: MN Holdings Bhd has secured a contract from Tenaga Nasional Bhd for the installation of a new double-circuit 132 kilovolt (kV) underground cable from PMU Tasek Gelugor to PMU Bertam, worth RM122.31mil.

Corporate News

Sheng Long invests RM140mil to build its first aquaculture food factory in Taiping

IPOH: Agriculture and livestock-related company Sheng Long Aqua Technology (M) Sdn Bhd has invested RM140 million to build a new factory in Kamunting, Taiping.

Forex

Ringgit steady vs US dollar as investors await key US data

KUALA LUMPUR: The ringgit held steady against the US dollar at the close today as the United States' (US) weak job numbers weighed on the greenback's performance.

Corporate News

Hup Seng records higher 2Q earnings

PETALING JAYA: Hup Seng Industries Bhd said the operating environment is expected to remain challenging due to intense competition in the domestic market, cautious consumer spending and continued uncertainty surrounding input costs.

Corporate News

Inta Bina secures RM115.65mil construction contract

KUALA LUMPUR: Inta Bina Group Bhd has secured a RM115.65mil construction contract from Sime Darby Property (KL East) Sdn Bhd for main building works in Kuala Lumpur.

Corporate News

Hextar Portfolio makes RM0.43 per share takeover offer for Hextar Retail

PETALING JAYA: Hextar Portfolio Sdn Bhd, on behalf of Datuk Ong Choo Meng, has made a conditional voluntary takeover offer to acquire all remaining shares in Hextar Retail Bhd that are not already owned by the offeror and its ultimate offeror, at RM0.43 per share.

Corporate News

Well Chip plans new pawnshops to drive growth

KUALA LUMPUR: Well Chip Group Bhd plans to expand its pawnshop network in Melaka and Johor as it looks to strengthen its market presence and grow its pawnbroking business.

Corporate News

ITMAX secures RM134.3mil Kota Kinabalu digital connectivity project

PETALING JAYA: ITMAX System Bhd has received approval from the Malaysian Communications and Multimedia Commission to provide communications infrastructure and digital connectivity services for the Kota Kinabalu Smart City Project.

Markets

FBM KLCI ends flat despite gains across regional markets

KUALA LUMPUR: The FBM KLCI ended flat on Monday, bucking gains across most regional markets as losses in selected blue chips weighed on the index ahead of Malaysia's second-quarter GDP data on Friday.

Banking

Former AmBank deputy chairman Azlan Hashim dies at 85

KUALA LUMPUR: AmBank Group mourns the passing of Datuk Azlan Hashim, a respected former leader whose contributions formed an important part of the group's history.

Business

AirAsia MOVE, Korea Tourism Organization partner to promote travel beyond Seoul

KUALA LUMPUR: AirAsia MOVE (MOVE) has partnered with the Korea Tourism Organization (KTO) to encourage international travellers to visit destinations beyond Seoul and support domestic tourism in South Korea.

Forex

Dollar steadies after payrolls drop, inflation data eyed

LONDON: The U.S. dollar steadied at a near two-month low on Monday following Friday's soft jobs data, as investors awaited this week's inflation data for more clues on the Federal Reserve's rate path.

Business

Court of Appeal dismisses Ricky Wong’s appeal against RM169.2mil asset freeze

KUALA LUMPUR: The Court of Appeal has dismissed appeals by Wong Shee Kai, also known as Ricky Wong, Teh Sew Wan and Wong SK Holdings Sdn Bhd against a High Court injunction freezing up to RM169.2mil of their assets and properties.

Markets

Japan's Nikkei posts highest close in nearly four weeks on AI rally

TOKYO: Japan's Nikkei share average rose 2% on Monday to its highest close in nearly four weeks, led by AI and chip-linked stocks after Wall Street's rally on Friday, though worries over the Middle East kept a lid on broader gains.

Technology

MITI continues to strengthen E&E sector to ensure Malaysia remains global technology supply player

GEORGE TOWN: The Ministry of Investment, Trade and Industry (MITI) will continue to empower the electrical and electronics (E&E) sector to ensure Malaysia remains an important player in the global technology supply chain.

Markets

Take five: Markets aren't going on a summer holiday

NO time for a break. Even in the middle of August, there is plenty of market news to watch.

Commodities

Malaysia's July palm oil stocks hit 5-month high on rising output

MALAYSIA's palm oil stocks rose to a five-month high in July as production remained above rising export demand, data from the industry regulator showed on Monday.