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Business news in brief.


Bursa, Asian equities slide on signs of US slowdown

KUALA LUMPUR: Asian markets were off to a bad start on Friday as US data showed slowing manufacturing activity while Apple Inc lost nearly 10% of its value in overnight trading.


Sanichi buys Bangsar South building for RM46mil

PETALING JAYA: Sanichi Technology Bhd is acquiring a 12-storey building in Bangsar South, Kuala Lumpur, for RM46mil.


Bursa Securities queries Sanichi over sharp fall

KUALA LUMPUR: Bursa Malaysia Securities Bhd has queried Sanichi Technology Bhd on the sharp fall in price of the company’s shares recently.


Bank stocks lead KLCI higher as Trump spurs confidence in US-China trade deal

KUALA LUMPUR: Bursa Malaysia rallied on Wednesday as global equities turned hopeful on US President Donald Trump's optimism over a trade deal with China.


Sanichi eyes higher order book via F&B ventures

KUALA LUMPUR: Sanichi Technology Bhd aims to secure an order book of RM500mil over the next five years with its latest venture into the food and beverage (F&B) business.

Corporate News

Sanichi to venture into remittance business

PETALING JAYA: Sanichi Technology Bhd plans to tap into cross-border money remittance business through its upcoming joint-venture (JV) with a publicly-listed Indonesian state-owned enterprise (SOE).


Sanichi unit partners MNC in online rental service

KUALA LUMPUR: Sanichi Technology Bhd’s unit, Sanichi Property Sdn Bhd (SPSB) and MNC Wireless Bhd (MNC) have signed a memorandum of understanding (MoU) to provide online leasing, or short-term rental service, for SPSB's development project, Marina Point in Klebang, Melaka.


PDZ set to get new major shareholder

Entry of new player expected to happen as Pelaburan Mara prepares to exit shipper


Sanichi makes cash call to raise up to RM99mil

KUALA LUMPUR: Sanichi Technology Bhd seeks to raise up to RM99.06mil via a proposed rights issue with warrants, as the fabricator of precision moulds and tooling pursues its plan to diversify further into the property business.