News

KNM Group Bhd is raising concerns regarding the recent takeover attempt by German billionaire Andreas Heeschen, suggesting it might be a cost-effective strategy to acquire the group’s prized assets, Borsig Group and FBM Group, which hold a significantly higher value than KNM itself. Heading: Shares Deemed Undervalued CEO and Managing …

Sapura Energy Bhd, a Practice Note 17 (PN17) company, has been granted an extension of its standstill period against legal proceedings by its multi-currency financing (MCF) financiers. The extension, provided by the Corporate Debt Restructuring Committee (CDRC) under Bank Negara Malaysia (BNM), extends until March 10, 2024. Heading: CDRC’s Decision …

Serba Dinamik Holdings Bhd has reported a widened net loss of RM1.3 billion for the financial year ending June 30, 2023 (FY2023), compared to RM1.09 billion in the previous year. This substantial loss was attributed to corporate expenses and the elimination of intergroup transactions. Heading: Significant Drop in Revenue In …

Oil and gas services provider KNM Group Bhd has unveiled its intention to sell its indirect wholly owned subsidiary, FBM Hudson Italiana SpA, to Dubai-based Petro MAT FZCO for a cash sum of €22 million (RM110 million). This decision comes as a surprise move following KNM’s earlier announcement to dispose …

In the eleventh hour before polling in Pulai, a Pakatan Harapan leader issues a critical appeal to voters residing outside Johor, emphasizing the need for their return to secure victory. Heading: A Crucial Turnout Target Ramkarpal Singh of DAP underscores the significance of a 70% or higher voter turnout in …

In response to remarks made by Syed Saddiq Syed Abdul Rahman, President of the youth party Muda, suggesting that DAP has become a lapdog, a call has been made for Muda and its leader to exit the government bloc and align with the opposition. Howard Lee, a member of the …

Accessories and Gadgets Traveling can be both exciting and challenging, especially when it comes to packing and preparing the necessary gadgets and accessories to make your trip more enjoyable and comfortable. In this article, we will explore some of the best tech accessories and gadgets for travel that can enhance …

Streaming devices and services have revolutionized the way we consume media and entertainment. With the rise of streaming, we now have access to an abundance of TV shows, movies, and other content that we can watch at any time, anywhere. In this article, we will explore the world of streaming …

In today’s digital age cybersecurity and online privacy have become major concerns for individuals, businesses, and governments alike. With the rise of cyber attacks, data breaches, and identity theft, it’s more important than ever to take steps to protect your online security and privacy. In this article, we will explore …

The Internet of Things (IoT) is a network of physical devices, vehicles, home appliances, and other items embedded with sensors, software, and connectivity, enabling them to connect and exchange data. In this article, we will explore the Internet of Things (IoT), including the benefits, applications, and challenges of this rapidly …