Shares of Malayan Flour Mills Bhd (KL:MFLOUR) fell to their lowest in more than five months on Wednesday, following an announcement that the company would not be getting a second earnout payment from a stake sale. (TheEdge)

LBS Bina Group Bhd (KL:LBS) officially launched its latest 315-acre township development named Rimbawan in Genting Highlands, Pahang on Tuesday (Oct 15). The township has a gross development value (GDV) of RM9.5 billion. (TheEdge)

Maxis Bhd has signed a memorandum of understanding with the Malaysia Retail Chain Association (MRCA), which represents 562 Malaysian retailers, to encourage the adoption of 5G solutions to strengthen the domestic retail sector. (TheStar)

Household electrical appliance maker Pensonic Holdings Bhd is advocating for key government initiatives in the 2025 Budget to support local manufacturers and boost their global competitiveness. (NST)

Crescendo Corporation Bhd (KL:CRESNDO) said on Wednesday that it is buying SGR Land Development Sdn Bhd and taking on its six land purchase obligations in Johor for RM168.85 million. (TheEdge)

AirAsia X Bhd’s (KL:AAX) shareholders and proxies have voted 99.08% in favour of the proposed RM6.8 billion acquisition of AirAsia’s aviation business — AirAsia Bhd and AirAsia Aviation Group Ltd — from its sister company Capital A Bhd (KL:CAPITALA). (TheEdge)

CIMB Group Holdings Bhd is poised to chart growth in Singapore as the bank's pivot to be a niche challenger bank is bearing fruit, according to analysts. (NST)

RHB Bank Bhd (KL:RHBBANK) could see stronger results in the upcoming quarter, as margins widen amid strong loan growth, said Hong Leong Investment Bank in raising its profit forecasts. (TheEdge)

Genting Malaysia Bhd's (GENM) pursuit of a casino licence in New York could be affected by a legal complaint filed by its joint-venture partner in Florida, according to CGS International Research. (NST)

Securities in Pan Malaysia Holdings Bhd will be traded and quoted under its new name, Exsim Hospitality Bhd, effective 9am on Friday, Oct 18, 2024. (TheStar)

Source: New Straits Times, The Edge Markets, The Star 16 October 2024

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