Malaysia Pulse delivers breaking news, politics, business, sports and lifestyle coverage from Malaysia and Southeast Asia — trusted, timely and independent.
Pioneer Heat Holdings Bhd, a mechanical engineering services provider, is planning to raise RM21.68 million through an ACE Market IPO scheduled for September 17, 2026, with funds earmarked for expansion in Sarawak and Negeri Sembilan.
Allrich Corp and Richard Holdings Ltd, controlling nearly 75% of fastener maker Tong Herr, have proposed privatisation at RM2.55 per share—a significant premium reflecting the company's minimal trading activity.
Bursa Malaysia's benchmark index accelerated into midday trading, climbing 16.18 points to 1,748.84 as technology stocks surged 2.91% following strong Big Tech earnings surprises and a broader regional rally across Asian markets.
Property developer Oriental Interest Bhd has announced a RM280 million acquisition of Chin Hin (Jitra) Sdn Bhd and CHJ Motor Holdings Sdn Bhd to diversify revenue streams and strengthen long-term growth prospects.
Bursa Malaysia Securities has publicly reprimanded Meridian and imposed financial penalties on its sole executive director for repeatedly failing to submit audited annual reports by regulatory deadlines.
Bursa Malaysia's FBM KLCI index edged up 3.01 points to 1,714.38 at opening, buoyed by surging oil prices amid Middle Eastern tensions, though global tech weakness from AI spending concerns kept gains muted.
Fertiliser firm Cropmate Bhd announced the Malaysian Anti-Corruption Commission has unfrozen all its bank accounts after an anti-money laundering investigation, with no staff facing charges.
Penang-based adhesives and sealants manufacturer GB Bond Holdings has secured Bursa Malaysia approval for an ACE Market listing expected in the third quarter of 2026, planning to raise capital through public share issuance and existing share offerings.