UEM Edgenta Shareholders Approve Proposed SCR, Paving Way For Delisting

KUALA LUMPUR, April 2 (Bernama) -- UEM Edgenta shareholders today approved the proposed selective capital reduction and repayment exercise (SCR), paving the way for UEM Group to increase its current 69.14 per cent stake in the asset management and infrastructure solutions company to 100 per cent.

Visual Bank Expands AI Training Data Solution For Japanese Speech Models

KUALA LUMPUR, April 2 (Bernama) -- Visual Bank Inc, via its subsidiary amanaimages Inc, has announced the expansion of its Qlean Dataset, a premium artificial intelligence (AI) training data solution for developers building high-performance Japanese speech foundation models.

German Group Koerber Invests RM95 Mln In Shah Alam Facility

SHAH ALAM, March 31 (Bernama) -- Koerber Technologies Sdn Bhd, a subsidiary of Germany-based technology group Korber, is investing RM95 million to expand its manufacturing facility here.

Paragon Globe Partners Shanghai-Listed GSP To Develop Automotive Hub In Iskandar Puteri

JOHOR BAHRU, March 30 (Bernama) -- Paragon Globe Bhd (PGB) has entered into a strategic partnership with Shanghai-listed GSP Automotive Group, via its subsidiary GSP Automotive Malaysia Sdn Bhd, to develop an automotive industrial hub in Iskandar Puteri, Johor.

Capital A Plans To Exit PN17 After Four Consecutive Profitable Quarters — Tony Fernandes

KUALA LUMPUR, March 30 (Bernama) -- Capital A Bhd is eyeing to exit its Practice Note 17 (PN17) status after achieving four consecutive quarters of profitability, said its chief executive officer Tan Sri Tony Fernandes.

SC Sees No Necessity To Set Up Bursa Malaysia Regsub Following Strengthened COI Framework

KUALA LUMPUR, March 27 (Bernama) -- The Securities Commission Malaysia (SC) has decided there is no necessity at present to proceed with the proposed legislation to establish a Bursa Malaysia Bhd subsidiary (Bursa Malaysia RegSub) to assume the regulatory functions currently undertaken by the exchange holding company.

AM Best Affirms Excellent Ratings For Sun Hung Kai Properties Insurance

KUALA LUMPUR, March 25 (Bernama) -- AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Hong Kong’s Sun Hung Kai Properties Insurance Limited (SHKPI), with a stable outlook.

AM Best Affirms PVI Insurance’s Top-Tier Ratings

KUALA LUMPUR, March 24 (Bernama) -- AM Best has affirmed the financial strength rating of A- (Excellent), the long-term issuer credit rating of “a-” (Excellent), and the Vietnam National Scale Rating of aaa.VN (Exceptional) for PVI Insurance Corporation (PVI Insurance), with a stable outlook.

Maybank Extends S$65 Mln Loan For Singapore’s Fourth Egg Farm Project

SINGAPORE, March 20 (Bernama) -- Maybank has extended a term loan facility of up to S$65 million (S$1=RM3.08) to ISE Foods Holdings (IFH) as the sole bank financier to partially finance the development of Singapore’s fourth egg farm (SG4EF).

Eonmetall Subsidiary Seeks To Sell Klang Land For RM273.28 Mln

Mah Sing Signs Supplemental Agreements For Johor Land Acquisition

KUALA LUMPUR, March 12 (Bernama) -- Mah Sing Group Bhd's subsidiary M Industrial Development Sdn Bhd has entered into supplemental agreements to amend certain terms related to its proposed acquisition of freehold land in Kulai, Johor, from Kuala Lumpur Kepong Bhd’s unit Aura Muhibah Sdn Bhd.

Computility Technology, BGMC Energy, Renikola Form Green Energy Alliance To Supply 630,000 MWh Annually

ISKANDAR PUTERI, March 10 (Bernama) -- Computility Technology (Malaysia) Sdn Bhd (CTDC), BGMC Energy Holdings Sdn Bhd (BGMC), and reNIKOLA Holdings Sdn Bhd have signed a strategic term sheet to establish a green energy alliance to supply about 630,000 megawatt hours (MWh) of renewable power annually.