<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 27): Tan Sri Syed Mokhtar's MMC Corp Bhd has acquired a 15.73% ordinary equity stake in port operator NCB Holdings Bhd from MISC Bhd for a total cash consideration of RM221.98 million.</p></div>

<div class=newsTextDataWrapInner><p>The acquisition confirmed The Edge Financial Daily report on November 25 that MMC Corp was in talks with MISC to buy the latter’s stake, according to sources.</p></div>

<div class=newsTextDataWrapInner><p>Today, MMC Corp’s wholly-owned subsidiary MMC Ventures Sdn Bhd has entered into an agreement for the sale and purchase of shares with MISC for some 73.99 million shares in NCB, said the group in a filing with Bursa Malaysia.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The acquisition was to make ‘further strategic investment’ for its ports and logistics division, which is a core business of the group, said MMC Corp.</p></div>

<div class=newsTextDataWrapInner><p>The group said the acquisition would contribute positively to its future earnings.</p></div>

<div class=newsTextDataWrapInner><p>In a separate announcement, MISC said its disposal of the 15.37% stake to MMC Corp was to exit its non-core and non-energy related businesses and investments.</p></div>

<div class=newsTextDataWrapInner><p>At midday break, MMC Corp was unchanged at RM2.35 with 988,600 shares traded. MISC gained 3 sen or 0.4% to RM7.48 on volume of 568,500 shares.</p></div>

<div class=newsTextDataWrapInner><p>NCB fell 9 sen or 3.6% to RM2.41 with 19,500 shares changed hands.</p></div>


KUALA LUMPUR (Nov 27): Tan Sri Syed Mokhtar's MMC Corp Bhd has acquired a 15.73% ordinary equity stake in port operator NCB Holdings Bhd from MISC Bhd for a total cash consideration of RM221.98 million.

The acquisition confirmed The Edge Financial Daily report on November 25 that MMC Co...

MMC Corp buys 15.73% stake in NCB Holdings for RM221.98m

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<p>S P Setia Bhd has officially launched the LakePoint Complex commercial hub at the 1,235-acre freehold township of SetiaAlam Impian in Shah Alam on Saturday. The ceremony was officiated by the Sultan of Selangor, Sultan Sharafuddin Idris Shah.</p>


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<p>Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.</p>


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<p>The Sultan of Selangor, Sultan Sharafuddin Idris Shah, has extended condolences to the family of former inspector general of police Tun Mohammed Hanif Omar, who died early on Saturday morning.</p>


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<p>Iran’s foreign minister compared the drones used in an attack by Israel early Friday to “toys”, in comments that aimed at downplaying the significance of the strike on Iranian territory. &nbsp;</p>


<p>Property developer Scientex Bhd aims to provide a total of 50,000 units of quality housing units at affordable prices nationwide by 2028.</p>

<p>Scientex project general manager (property division) Tang Song Teik said that so far, the company has handed over 35,062 affordable housing units, with about 70% of them sold at prices below RM300,000.</p>


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<p>The ringgit is likely to trade in the same range of around 4.78 against the US dollar next week, as the situation in the Middle East will continue to be under scrutiny by investors, said an analyst.</p>


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<p>The Malaysian Communications and Multimedia Commission (MCMC) has lodged police reports against three individuals, namely Badrul Hisham Shaharin or Chegubard, Mohamad Salim Iskandar (Salim Iskandar) and Wan Muhammad Azri Wan Deris (Papagomo), for making and spreading false accusations about its officers.</p>


<p>A huge blast at a military base in Iraq early on Saturday killed a member of an Iraqi security force that includes Iran-backed groups. The force commander said it was an attack while the army said it was investigating and there were no warplanes in the sky at the time.</p>


<p>Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.</p>


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<p>Deputy Minister of Communications Teo Nie Ching cautioned the public on the latest tactics of scammers impersonating ministry officials.</p>


<p>Perikatan Nasional (PN) will hold a supreme council meeting on Monday (April 22) on the selection of candidate to contest in the Kuala Kubu Baharu state by-election on May 11.</p>


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<p>The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.</p>


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<p>Chief Minister Datuk Seri Hajiji Noor emphasised that the positive economic achievements over the past three years underscore the Sabah government's steadfast commitment to both the administration and development of the state.</p>


<p>PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.</p>
