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Vincent Tan returns to BCorp as executive chairman

PETALING JAYA: Tan Sri Vincent Tan Chee Yioun (pic), who relinquished the chairmanship of Berjaya Corp Bhd (BCorp) in February 2012 to focus on charitable and social programmes, has returned as executive chairman of the group he founded.

Vincent’s(filepic) return yesterday came at a time when the group was facing a challenging operating environment..

Sime Darby, Maybank weigh as KLCI extends slide

KUALA LUMPUR: Bursa Malaysia was among the two worst performing stock markets on Wednesday while key Asian and European bourses trekked high and oil prices climbed.

Globetronics posts record quarterly net profit

KUALA LUMPUR: Globetronics Technology Bhd recorded its strongest quarterly results yet this year in the third quarter ended Sept 30, helping to reassure shareholders who were last week told of the company’s need to conserve cash for its capital expenditures and expansion.

Strong performance: Globetronics expects to see ‘significant improvement’ in business and volume loadings for all its major product portfolios for the rest of this year.

TNB announces record dividend payout of RM3.5bil

PETALING JAYA: Tenaga Nasional Bhd (TNB), adopting a new dividend policy for the financial year ended Aug 31, 2017 (FY17), has announced a record annual dividend payout of RM3.5bil

Stable prospects: TNB attributes its lower earnings for FY17, among others, to the increase in finance cost from the new borrowings acquired during the year.

Auditors doubt LionDiv’s ability to continue operations

PETALING JAYA: Lion Diversified Holdings Bhd’s (LionDiv) external auditors Ernst & Young (EY) have issued a disclaimer of opinion on the group’s financial statements for the 2017 financial year (FY17), casting doubt on its ability to continue as a going concern for the second year in a row.

Material uncertainty: Steel product manufacturing is one of the three main business segments of the group.

Trading ideas: AZRB, Eita, Bintai Kinden, MyEG

KUALA LUMPUR: Ahmad Zaki Resources Bhd (AZRB), Eita Resources, Bintai Kinden and MyEG are among the stocks to watch on Tuesday after their corporate news, says JF Apex Research.

Iris founder resigns to make way for new CEO

KUALA LUMPUR: Datuk Tan Say Jim, Iris Corp Bhd co-founder and group managing director, has resigned, making way for new group chief executive officer Shaiful Zahrin Subhan.

In a filing with Bursa Malaysia, the technology company said Tan(filepic) retired effective immediately in conjunction with his mandatory retirement at age 60.