<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 15): Optimax Holdings Bhd's share price rose 8.47% or 10 sen to a high of RM1.28 in morning trade on Tuesday (Feb 15) after the company unveiled a bonus issue plan.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>At the time of writing,&nbsp;the eye specialist provider had pared gains but was still up 7.63% or nine sen at RM1.27, with some 692,700 shares traded.</p></div>

<div class=newsTextDataWrapInner><p>At RM1.27, the group was valued at RM342.9 million.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>On Monday, Optimax proposed to undertake a bonus issue of up to 405 million shares on the basis of one bonus share for every one existing Optimax share held on an entitlement date to be determined later.</p></div>

<div class=newsTextDataWrapInner><p>The company said the theoretical ex-bonus price of 59 sen was based on the five day volume-weighted average market price of RM1.18.</p></div>

<div class=newsTextDataWrapInner><p>The exercise is meant to increase the number of Optimax shares held by existing shareholders, while maintaining their percentage of equity interest held in the company. It is also aimed at enhancing the trading liquidity and improving the affordability of Optimax shares, as well as to potentially broaden the shareholder base of the company.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://www.theedgemarkets.com/article/optimax-proposes-oneforone-bonus-issue" target="_blank">Optimax proposes one-for-one bonus issue</a></em></p></div>


Optimax Holdings Bhd's share price rose 8.47% or 10 sen to a high of RM1.28 in morning trade on Tuesday (Feb 15) after the company unveiled a bonus issue plan.

Optimax rises 8.5% on one-for-one bonus issue plan

Hong Leong Investment Bank (HLIB) expects Bursa Malaysia Bhd’s earnings for the first quarter to rise 34% year-on-year to RM75 million, amid the expectation of higher securities average daily value (ADV) and derivatives average daily contract (ADC).

HLIB sees Bursa Malaysia’s 1Q earnings rising 34% y-o-y 

(April 19): Foreign investors continued purchasing Japanese stocks in the week to April 12, driven by a weaker yen and robust performance in chip-related stocks.

They secured stocks worth 829.05 billion yen ($5.37 billion) worth during the week, following net purchases of 829.45 billion...

Foreigners remain buyers of Japanese stocks in week to April 12

The Ministry of Science, Technology and Innovation (Mosti) has launched the Artificial Intelligence (AI) Sandbox pilot programme, demonstrating its dedication to enhancing artificial intelligence (AI) through the cultivation of AI talent in collaboration with other government bodies and industry stakeholders.

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(April 19): Sony Group Corp and Apollo Global Management Inc are considering teaming up in a bid for the film and TV giant Paramount Global, according to a person familiar with the matter.

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The International Monetary Fund said the yen's recent declines, while "quite significant," largely reflect the interest-rate differential between Japan and the US, suggesting that its moves were largely in line with economic fundamentals.

IMF says yen's declines 'significant' but reflect rate differentials

Japan’s consumer inflation eased more than expected while staying above the Bank of Japan’s target as board members get ready to revise their price forecasts next week.

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KUALA LUMPUR (April 19): Kenanga Research has maintained its “underweight” rating on the media sector and said 1QCY2024 advertising execution (adex) — +14% year-on-year — exceeded house expectations due to stronger-than-expec...

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South Korea's Hyundai said on Friday that it had paused advertising on X, formerly known as Twitter, and is speaking to the Elon Musk-owned social media platform directly about brand safety issues.

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Hong Leong Investment Bank (HLIB) said Kimlun Corp Bhd’s earnings is primed for promising prospects in FY2024-25, underpinned by an unbilled orderbook of RM2.48 billion (3.0x cover on FY2023 revenue and the highest achieved since FY2018), with 85% dedicated to construction and the remaining to precast manufacturing.

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MORNING CALL: 19/4/24

<p>KUALA LUMPUR (April 18): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:</p>

<p>Datuk Farhash Wafa Salvador, former political aide to Prime Minister Datuk Seri Anwar Ibrahim, has ceased to be a substantial shareholder of <strong>HeiT...

HeiTech Padu, Axiata, AmanahRaya REIT, AmFirst REIT, RHB Bank, 7-Eleven Malaysia, MBSB, Awantec, MAA Group, UMediC, Systech, Pansar, Auro, Kimlun and AWC

<p>PIE Industrial Bhd, whose share price extended its rally to a new all-time high on Thursday on reports that it has secured a new customer, confirmed the matter and said it is expecting the new customer to contribute an additional RM2.5 billion revenue to the group, of which RM1 billion will be recognised as early as next year.</p>


PIE Industrial confirms bagging new client, expects additional RM2.5 bil revenue

<p>FE Green Pet (M) Sdn Bhd’s new high-tech recycling factory is expected to make Melaka a green investment destination and complement the economic growth strategy in the state, said Melaka Chief Minister Datuk Seri Ab Rauf Yusoh.</p>

<p>He said with an investment totalling approximately RM958 million, the plant on 14 hectares of land is projected to be completed by 2Q 2025, creating almost 500 jobs.</p>


RM958 mil high-tech recycling factory puts Melaka on green investors map — Ab Rauf

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<p>The US on Thursday effectively stopped the United Nations from recognising a Palestinian state by casting a veto in the Security Council to deny the Palestinian Authority full membershipof the world body.</p>


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<p>Benchmark Treasury yields resumed their climb and gold added strength as ongoing turmoil in th...

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<p>He said the weaker soybean oil market and lower crude oil prices continue to pile pressure on prices.</p>


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<p>RHB Retail Research said Inari Amertron Bhd is poised to challenge the RM3.27 resistance level once again, which would make this its fourth attempt this year.</p>


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<p>The remains of the late Tan Sri Joseph Kurup arrived at the Kota Kinabalu International Airport here at 11.20pm on a commercial flight.</p>

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