KUCHING: Ocean Vantage Holdings Bhd ‘s (OVH) Chief Executive Officer (CEO), Willie Ho Huat Voon, has sold his entire shareholdings in the company held indirectly via Majuco Motor Sdn Bhd. As at March 28, 2025, Majuco Motor is OVH’s single largest shareholder with more than 41.99 million shares (10 per
KUCHING: Kim Hin Industry Bhd is no more complying with the minimum public shareholding spread requirement of 25 per cent as this had fallen to 24.22 per cent on August 14. This drop in public shareholding spread was due to more minority shareholders having accepted the offer price of 85sen
KUCHING: KKB Engineering Bhd has reported a significant drop in group after-tax profit to about RM8.1 million in second quarter ended June 30, 2025 (2Q2025) as compared to RM11.5 million in 2Q2024 as group revenue plunged by nearly 50 per cent to RM55.6 million from RM109.2 million. The lower group
KUCHING: Malaysia and other top supplying countries have all reported a sharp drop in the exports of woodchips to China this year. In the first five months of 2025 (5M2025), Malaysia’s woodchips shipment to China plunged by 73 per cent to 23,000 tonnes as compared to that of 5M2024,according to
KUCHING: The China-Europe freight trains have brought booming business to the furniture industry in China’s Nangkang district, Ganzhou City in Jiangxi Province, which has an output value of 280 billion yuan (about RM163.8 billion) as the new freight transportation has greatly benefitted furniture manufacturers to “buy globally and sell globally”.
KUCHING: Kim Hin Industry Bhd’s controlling shareholders has extended the closing date of their 85sen per share offer to minority shareholders in their bid to take the ceramic tile manufacturer private by one week to August 22 from August 15 as the acceptance level under the offer so far has
KUCHING: Major shareholders in Press Metal Aluminium Holdings Bhd (Press Metal) collectively disposed of 18 million shares on August 11 as the counter rallied. Executive Vice-Chairman, Datuk Koon Poh Ming, sold nine million shares that day when the stock traded between RM5.43 and RM5.50. The next day, Press Metal rose
KUCHING: ES Sunlogy Bhd has partnered with Sarawak-based Planet QEOS Sdn Bhd to develop a 155 megawatt-peak (MWp) solar hybrid power plant in the Special Energy Zone (SEZ) in Baram, northern Sarawak. The facility, to be located in Long Lama, will incorporate a 310 megawatt-hour (MWh) battery energy storage system
KUCHING: Asteel Group Bhd has returned to profitability in the second quarter ended June 30, 2025 (2Q2025), posting a net profit of RM275,000 compared with a net loss of RM1.63 million in 2Q2024. Group revenue rose 25 per cent to RM67.3 million from RM53.96 million a year earlier, while earnings
KUCHING: Vietnam’s wood product exporters are in fierce competition with major global players, including China, Malaysia and Indonesia. These countries boast advanced processing technologies, lower costs and well established supply chains, reported International Tropical Timber Organisation (ITTO) Tropical Timber Market Report (July 16-31, 2025). The report said requirements for transparent,