Ant seeks US$200bil value in landmark dual IPO

HONG KONG (Bloomberg) -- Billionaire Jack Ma’s Ant Group is seeking a valuation north of US$200 billion as it goes public in Hong Kong and Shanghai, people familiar with the matter said, kicking off a landmark coming-out party for China’s leader in internet finance.

VSTECS in pact with NetApp

Quick take: Versatile shares fall 9.3% after UMA query

KUALA LUMPUR: Shares in Versatile Creative Bhd (VCB) fell almost 9.3% in early trade Tuesday after it was slapped with an unusual market activity (UMA) query by Bursa Securities yesterday.

Marine & General disposes of 40% stake in JM Sutera 8 tanker

KUALA LUMPUR: Marine & General Bhd has disposed of 40% equity interest in its JM Sutera 8 chemical tanker via a share subscription agreement with Muhibbah Engineering (M) Bhd (MEB) for RM21.84mil.

“MalaysiaMudah” to help deal with bureaucracy

PETALING JAYA: The government has agreed to create the “MalaysiaMudah” (#MyMudah) to assist companies and businesses that have been burdened by red tape and bureaucracy.

Iris aims to be leader in trusted ID

KUALA LUMPUR: Iris Corp Bhd is refocusing and establishing itself in the trusted identity (ID) verification solutions space with direct clients across the globe while also providing technical input, consultation and advice for a number of others.

Trading ideas: Bioalpha, Alam Maritim, Peterlabs, Comintel Corp, Careplus, Xidelang

KUALA LUMPUR: JF Apex Research expects Bioalpha Holdings Bhd, Alam Maritim Resources Bhd, Peterlabs Holdings Bhd, Comintel Corp Bhd, Careplus Group Bhd, Xidelang Holdings Ltd and Cepatwawasan Group Bhd to be among the stocks to watch on Thursday.

SC announces new Shariah advisory council line up

KUALA LUMPUR (Bernama) -- The Securities Commission (SC) has announced a new line-up for its Shariah Advisory Council (SAC) who will serve for a three-year period starting July 1, 2020.

Maxis confident of weathering Covid-19 crisis

PETALING JAYA: Maxis Bhd is confident of weathering the crisis caused by the Covid-19 pandemic, underpinned by its strong financial position.

MMHE to focus on cost management

Firm sees wider net loss in Q2 due to impairment