Solar District Cooling plans one-for-two bonus warrants
KUALA LUMPUR (Dec 30): Solar District Cooling Group Bhd (KL:SDCG) has proposed a bonus issue of warrants on the basis of one free warrant for every two shares held in the building management systems company. The proposed exercise involves the issuance of 211.91 million warrants, with a five-year tenure, according to a bourse filing on Tuesday. SDCG currently has 423.82 million shares in circulation and no outstanding warrants. The final exercise price of the proposed warrants will be determined later. The proposed bonus warrants and ESOS will require shareholders’ approval at an extraordinary general meeting to be held later.
Source:The Edge Markets
December 30, 2025 13:15 UTC
Betrayal not an issue Madani govt has to deal with, says Anwar
PUTRAJAYA: Amid the ongoing turmoil within Perikatan Nasional, Prime Minister Datuk Seri Anwar Ibrahim says he is grateful that the Madani government remains intact. The Pakatan Harapan chairman said he is glad that there is no issue of sabotage within the Madani government. Shortly after, several senior Bersatu leaders also announced that they were stepping down from their respective Perikatan posts, including Datuk Seri Ahmad Faizal Azumu and Datuk Seri Mohamed Azmin Ali, among others. The rift within Perikatan started after eight of Perlis' 15 elected assemblymen – three from PAS and five from Bersatu –submitted statutory declarations withdrawing their support for Mohd Shukri Ramli's leadership as Perlis mentri besar. On Sunday (Dec 28), Bersatu's Abu Bakar Hamzah was appointed as the new Perlis Mentri Besar.
Source:The Star
December 30, 2025 13:13 UTC
Mujahid settles defamation suit against PAS out of court
KUALA LUMPUR: A defamation lawsuit filed by former religious minister in the Prime Minister's Department, Datuk Seri Dr Mujahid Yusof Rawa, against PAS over LGBT has been settled out of court. Lawyer Noorazmir Zakaria, representing Mujahid, informed the High Court that both parties have reached a mutual agreement and decided to end the dispute. Justice Roslan Mat Nor then struck out the lawsuit and thanked the parties for settling matters out of court. "The court expresses its appreciation to the plaintiff and defendant for settling out of court and for their lawyers' efforts in the negotiations. Mujahid filed the lawsuit on Dec 15, 2022, against PAS over the party's posting on Facebook that linked him to the LGBT community.
Source:The Star
December 30, 2025 13:05 UTC
High hopes for Low
PETALING JAYA: Two time world junior championships silver medallist Low Zi Yu has hinted that she is set to join her national teammates at the Academy Badminton Malaysia (ABM) on a full time basis next year. Zi Yu and Nor Dania Sofea also reached the final at the previous edition, only to lose to Ririna Hiramoto-Aya Tamaki in China. For next year, I hope to become world junior champion because Malaysia has never had a world junior champion in girls doubles, and I want to help Malaysia achieve that,” said Zi Yu. Zi Yu believes that a competitive environment and greater exposure are crucial for her to realise her ambitions. “In Johor, I train in Segamat and the training environment there is not the same as at BAM.
Source:The Star
December 30, 2025 12:49 UTC
Pros Soon Huat-Shevon press on despite physical demands
PETALING JAYA: With the 2025 season now behind them, seasoned mixed doubles pair Goh Soon Huat-Shevon Lai Jemie admit that physical demands have become their biggest challenge as they grow older. In the current top 10 world mixed doubles rankings, Soon Huat, 35, and Shevon, 32, are among the most senior pairs on the circuit. Most of their competitors are under 30, which makes it even more challenging for Soon Huat and Shevon to match the speed and stamina of the younger pairs on court. Soon Huat and Shevon are determined to work even harder in 2026. “Even though RTG has never questioned us about our results, Soon Huat and I feel that every opportunity carries a huge responsibility.
Source:The Star
December 30, 2025 12:34 UTC
Tariffs to set US materials up for best earnings in five years
(Dec 30): While tariffs and shaky consumer confidence continue to create headwinds for corporate America, they’re set to lift earnings growth for US materials stocks to the highest in five years. Amcor expects to reach its 2026 outlook through synergies, without relying on macroeconomic improvement or a rebound in customer or consumer demand, CEO Peter Konieczny said on a call. Increased volumes from packaged food makers isn’t something seen from the rest of the group’s client base and overall packaging demand remains mixed. Still, its earnings are set to return to growth after four straight years of declines. In construction materials, companies like CRH plc should see demand strengthen as lower interest rates reduce borrowing costs.
Source:The Edge Markets
December 30, 2025 12:29 UTC
Market remains subdued in penultimate trading day of 2025
KUALA LUMPUR: The domestic market is expected to remain range-bound in the final days of 2025 trading, with a prevailing cautious sentiment amid a lack of buying catalysts. The FBM KLCI dropped 3.33 points to 1,677.66 after late buying in the previous session pushed it into positive territory. Rakuten Trade said traders remain sidelined due to another holiday-shortened trading week, although the market remains poised to close 2025 on a positive note. The Dow Jones Industrial Average fell 249.04 points, or 0.51%, to 48,461.93, the S&P 500 fell 24.19 points, or 0.35%, to 6,905.75 and the Nasdaq Composite fell 118.75 points, or 0.50%, to 23,474.35. Of actives, TWL was flat at 2.5 sen, MQ Technology rose 0.5 sen to nine sen and Mega Fortris slid 1.5 sen to 78.5 sen.
Source:The Star
December 30, 2025 11:50 UTC
EV slowdown to hit China lithium batteries
SHANGHAI: Demand for Chinese lithium batteries will likely slump in early 2026 due to an expected tumble in domestic electric vehicle (EV) sales and slowing battery exports, the secretary general of China’s passenger car association says. China is the global leader in battery technology manufacturing and exports, and is benefitting from a worldwide boom in demand for batteries used in EVs and power networks. A big drop in demand will hurt battery makers including Contemporary Amperex Technology Ltd and EVE Energy. China’s lithium battery exports to the European Union, its biggest overseas market, rose 4% in 2025 from a year ago, while exports to the United States tumbled 9.5%. The drop in US-bound exports suggests rising demand for energy storage from the US artificial intelligence boom is not lifting demand for Chinese batteries, Cui said.
Source:The Star
December 30, 2025 11:40 UTC
China’s Yuqi lands big payday ahead of Malaysian Open defence
1 Shi Yuqi of China is still unsure how he will spend the 1.2 million yuan (RM692,600) prize money after claiming the King’s Cup title. Yuqi produced a commanding performance to defeat defending champion Anders Antonsen of Denmark 22-20, 21-7, bringing the 2025 season to a spectacular close, at the Shenzhen Bay Sports Center on Sunday. Antonsen, though unable to retain his crown, still had reason to smile, pocketing 600,000 yuan (RM346,300) for finishing as runner-up. I’m still waiting for an opportunity to see what I need in my daily life,” Yuqi said after the match. For the record, he is the defending champion of this year’s event, having ironically defeated Antonsen in the final 21-8, 21-15.
Source:The Star
December 30, 2025 11:26 UTC
M’sia opposes any move to relocate Palestinians to Somaliland, says PM
PUTRAJAYA: Malaysia is against any attempt to use the self-declared "Republic of Somaliland" or any other territories to forcibly transfer already-displaced Palestinians from the Gaza Strip, says Prime Minister Datuk Seri Anwar Ibrahim. "We express opposition to any attempts to use Somaliland or any other territory as a destination for the forceful transfer or displacement of Palestinians from Gaza. On Monday (Dec 29), Israel became the first country to recognise Somaliland as an independent state, sparking condemnation from many countries, including China, Turkiye and Saudi Arabia. There has been criticism over Israel’s surprise recognition of Somaliland as an independent state, as several international reports said it had proposed the resettlement of displaced Palestinians there. At the same time, Somaliland said the decision by Israel to recognise its independence would not have anything to do with the Palestinian issue.
Source:The Star
December 30, 2025 11:26 UTC
KKR gets rights for talks to take Yomeishu private, shares jump
(Dec 30): US investment firm KKR & Co has received first negotiation rights to take Yomeishu Seizo Co private, the Japanese company said, marking the latest move towards a buyout in the busiest year ever for corporate deals in the Asian nation. Yomeishu said in a statement on Tuesday that it’s uncertain whether the US firm will launch a tender offer in January, and that nothing has been decided. Two auctions have been held to date with multiple funds including KKR making bids, they said. The decision on whether to proceed with a tender offer will be made after finalising the terms with Tokyo-based investment firm Yuzawa KK, Yomeishu’s largest shareholder. If the conditions are met, the tender offer will be carried out, the people said.
Source:The Edge Markets
December 30, 2025 11:24 UTC
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Chin Hin unit files RM201 mil arbitration claim against Intel Pelican's main contractor
KUALA LUMPUR (Dec 30): Chin Hin Group Bhd (KL:CHINHIN) said its 95%-owned subsidiary, Kayangan Kemas Sdn Bhd (KKSB), has initiated arbitration proceedings against the main contractor of the Intel Pelican Project in Bayan Lepas, Penang, seeking about RM201 million following a contract dispute. In 2022, Exyte’s Malaysian unit awarded a RM330 million contract to KKSB for shell and core works on the Intel Pelican Project. According to Chin Hin, disputes arose during the project, including over the assessment of extensions of time, certification of interim payment claims, and payment of outstanding sums due under the subcontract. Additionally, KKSB is seeking a 795-day extension to complete the works, while contending that Exyte is not entitled to impose liquidated damages. Accoding to Chin Hin, citing legal advice and a preliminary assessment of the claims, KKSB has a "good arguable case", though the final recovery amount will depend on the tribunal's findings.
Source:The Edge Markets
December 30, 2025 11:14 UTC
Oil jumps 2% as investors weigh Ukraine talks against supply outlook
OIL prices rose by more than $1 on Monday as investors weighed talks between the U.S. and Ukrainian presidents on a possible deal to end the war in Ukraine against potential oil supply disruption in the Middle East. Brent crude futures rose $1.33, or 2.2%, to $61.97 a barrel by 1416 GMT while U.S. West Texas Intermediate crude was up $1.31, or 2.3%, at $58.05. Zelenskiy added that a meeting with Russia would be possible only after Trump and European leaders agree on a Ukraine-proposed framework for peace. Strong Chinese waterborne crude imports were also keeping markets tighter elsewhere, said UBS analyst Giovanni Staunovo. He added that $60 a barrel was the soft floor for Brent, with prices expected to recover slightly in 2026 because non-OPEC+ supply growth is likely to stall in the middle of 2026.
Source:The Star
December 30, 2025 11:01 UTC
WTEC partners China's Jiangsu ChengFeng to distribute polyurethane foam in Asean
KUALA LUMPUR (Dec 30): WTEC Group Bhd (KL:WTEC) has announced its partnership with China’s Jiangsu ChengFeng New Materials Co Ltd’s subsidiary to develop and supply polyurethane foam for automotive and electrical and electronic applications across Asean markets. In an exchange filing on Bursa Malaysia, WTEC said the sales framework agreement was signed by its wholly-owned WTEC Sdn Bhd. WTEC said the partnership will allow the group to expand its product offerings in the automotive and electrical and electronic (E&E) segments, targeting higher-value markets within Asean. It also expects the framework to support business growth by strengthening WTEC’s position and reinforcing its capabilities as a manufacturer of foam products. Polyurethane foam is a synthetic material that is commonly used in products such as mattresses, refrigerators, construction panels and car seats due to its insulation and cushioning properties.
Source:The Edge Markets
December 30, 2025 10:59 UTC
Ocado ends exclusivity terms after setbacks to Kroger deal
(Dec 30): Ocado Group plc has ended exclusive arrangements to supply its automated grocery warehouse technology as investor pressure grows following setbacks to its partnership with Kroger Co in the US. The UK company said its exclusivity terms in deals with supermarkets in the US and elsewhere have expired. The move means Ocado can sell more of its technology to other retailers around the world, according to a statement on Tuesday. Last month the company said it still sees significant growth in the US market, even as it announced the Kroger warehouse closings. Ocado’s client in Canada, Sobeys, halted the planned launch of its automated warehouse in Vancouver last year, and both companies ended their exclusivity agreement at that time.
Source:The Edge Markets
December 30, 2025 10:54 UTC