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The Malaysian Anti-Corruption Commission is looking into allegations of a RM2.5 billion money laundering scheme involving top executives in IJM Corp Bhd.
Kenanga Research has urged shareholders of IJM Corp Bhd to reject Sunway Bhd's conditional voluntary takeover offer, citing an unattractive offer price and unfavourable valuation metrics.
Nestle stock fell after the food and beverage giant announced a recall of infant formula products under its Beba and Alfamino brands in Germany and Austria due to contamination discovered in ingredients from a supplier.