[ KUALA LUMPUR: Clean energy solutions provider Gentari, through its subsidiary Gentari International Renewables Pte Ltd, has invested in the Hai Long offshore wind project located off the Changhua coast in the Taiwan Straits. In a statement, the company said the investment sees Gentari taking a 49% stake in Canada-based Northland Power Inc’s ownership of … Read more
[ NEW YORK: The soft-landing scenario that investors see for next year points to further gains in US stocks. But it also dims the prospect of another stretch of wild outperformance for the technology giants that dominated in 2023. One of the key themes behind the Magnificent Seven’s surge, which generated nearly two-thirds of the … Read more
[ KUALA LUMPUR: Jentayu Sustainables Bhd (JSB) announced that Telekosang Hydro Two Sdn Bhd has notified that the Telekosang Hydro 2 (TH2) run-of-river hydropower plant with a capacity of 16 megawatts (MW) has achieved its feed-in-tariff commencement date (FiTCD) as of Dec 25, 2023. In a filing with Bursa Malaysia, JSB executive chairman Datuk Beroz … Read more
[ KUALA LUMPUR: Mercury Securities Group Bhd remains steadfast in boosting revenue and streamlining operational expenses. It said key strategies encompass broadening the share margin financing portfolio, upgrading the online trading platform with algorithmic features to capture a larger market, expanding in-house trading groups, and reinforcing the corporate finance division by hiring additional personnel. “Mercury … Read more
[ KUALA LUMPUR: Marine & General Bhd‘s indirect wholly-owned subsidiary, TKH Marine (L) Ltd, today disposed of its vessel, JM Sutera 7, for US$5.8 million (RM27.2 million) cash to an external party, Narsimhaa Shipping Inc, Liberia, on a willing buyer and willing seller basis. In a filing with Bursa Malaysia, it said the disposal of … Read more
[ KUALA LUMPUR: CSH Alliance Bhd will be changing its name to Velocity Capital Partner Bhd effective Thursday. In a statement by Bursa Malaysia, the local bourse said the company’s shares would be traded and quoted under the new name and new stock short name with effect from 9am, Dec 28. The stock number remains … Read more
[ SINGAPORE: In one of the largest insurance deals in the region, Japanese insurer Sumitomo Life Insurance is offering to fully acquire local insurer Singapore Life Holdings (Singlife), valuing it at S$4.6bil (US$3.46bil). Under the deal, Sumitomo Life will buy asset manager TPG’s 35% stake in Singlife for S$1.6bil. It will also offer to acquire … Read more
[ Yinson Holdings Bhd is still fundamentally an oil and gas firm, even though most of its recent corporate developments have been geared towards moving the company to the renewable energy (RE) space. The company has been progressively announcing an increasing number of initiatives in the RE sector of late, with the latest milestone being … Read more
[ HSS Engineers Bhd is stepping into 2024 with much optimism and it has every reason to do so. For one thing, the engineering and project-management consultant is set to end its current financial year on a strong note, following a robust performance for the first nine months ended Sept 31, 2023 (9M23). Read original … Read more
[ IT is not very often we hear of a Swiss multinational company being bought over completely by Malaysians, and run successfully at that, but Niro Ceramic Group (Niro) is an exception. Managing director Ian Kok tells StarBizWeek the first factory belonging to the group was built in Switzerland back in the 1970s, and was … Read more
