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Malaysia's benchmark index fell as much as 4.89% on Monday, charting its worst day since March 13, 2020 during the Covid-19 pandemic, as weak July US jobs data report last Friday (Aug 2) sparked continued selling pressure in global equities.
Loss-making Dataprep Holdings Bhd (KL:DATAPRP) said its proposed acquisition of a 70% stake in a network connectivity services provider, DACS Network Solutions Sdn Bhd, has fallen through.
The IT products and services company had announced the proposed acquistion of the stake from Cloudaron Group Bhd for RM10.5 million last December.
Notable filings
From Jan 2 to 5, notable shareholding changes at Bursa Malaysia-listed companies included those at Bintai Kinden Corp Bhd, which saw its non-executive chairman Datuk Ng Choon Koon increase his stake by three million shares to 6.19%. Ng was state assemb...
KUALA LUMPUR (Dec 19): Here is a brief recap of some corporate announcements that made news on Tuesday:
Dataprep Holdings Bhd has proposed to acquire a 70% stake in DACS Network Solutions Sdn Bhd (DNS) for RM10.5 million from Cloudaron Group Bhd. The purchase consideration will be satis...
Dataprep Holdings Bhd has proposed to acquire a 70% stake in DACS Network Solutions Sdn Bhd (DNS) for a total purchase consideration of RM10.5 million.
The group told Bursa Malaysia on Tuesday that its unit, Solisnet Sdn Bhd (SSN) has acquired the stake in DNS from Cloudaron Group Bhd.
WITH Didi Global Inc seeking a listing in Hong Kong less than a year after its tumultuous debut in New York, investors are looking for other US-traded Chinese names that could potentially offer shares closer to home amid regulatory pressures.
HIT by the Covid-19 pandemic, businesses and consumers alike are increasingly turning towards cloud solutions to remain in operation and even profitable – but for more than just storage.
PETALING JAYA: Censof Holdings Bhd has signed a joint venture (JV) agreement to develop and operate a “hyperscale (Microsoft Azure)” cloud management system in Malaysia.
KUALA LUMPUR (Dec 7): The Cabinet will make the final decision on the single wholesale model for the roll-out of the 5G network by January 2022 after receiving feedback from telecommunications companies and industry players.
Communications and Multimedia Minister Tan Sri Annuar ...
KUALA LUMPUR: Awanbiru Technology Bhd (Awantec) is deemed to have received a “shot in the arm” to its earnings, after bagging a RM76mil contract to provide Google workspace solutions and related services.
Former President Donald Trump's new social media venture is seeking to raise up to $1 billion by selling shares to hedge funds and family offices at several times the valuation it commanded in a deal with a blank-check acquisition firm in October, two people familiar with the matter said.