Why Genting Berhad’s associate --- TauRx Pharmaceuticals Ltd --- looks so Promising?

While the company was incorporated in 1968 and listed in 1971, the Genting Group was founded in 1965 when its founder, the late Tan Sri Lim Goh Tong started the journey to realise his vision of building a mountaintop resort in Malaysia.

Since then, the group is involved in leisure and hospitality, oil palm plantations, power generation, oil and gas, and property development.

A new breath of life is coming...

Let's welcome to the new era led by his son Tan Sri Lim Kok Thay, who steers the group forays into new industries such as life sciences and biotechnology. And, the new ventures are beginning to yield positive results now.

New drug to treat Alzheimer’s ???

SC Exposes the Modus Operandi of Clone Firms and here you go...

The Securities Commission Malaysia (SC) today disclosed the findings of its investigation into 10 clone firm scams, to arm investors with greater awareness on the modus operandi of these scams in order to spot and avoid them.

What is a Clone Firm Scam?

Clone firm scams are generally companies that fraudulently impersonate a legitimate or a licensed entity, including misusing the name and logo of a public listed company (PLC), corporate credentials and website, to dupe investors and solicit funds.

[[[ Read also 😎 ]]] SC: Beware of Clone Firm Scams 

Oh right.

What is the modus operandi of those scams?

Malaysia’s first-ever contactless ATM cash withdrawal service offered by Maybank

"Other than cash money, I don't want to touch anything else!" 😁

If you're this type of person, good news to you. Haha. Maybank has added yet another pioneering service in its digital bank offering by introducing the first-ever contactless ATM cash withdrawal service in Malaysia.

Customers can use this service at some 1,000 ATMs, which will indicate the availability of the contactless cash withdrawal service at the machine. Eventually, this service will be made available at all Maybank-owned ATMs.

How do I get started?

Background Check on all the Winners of Malaysia’s Digital Banking Licenses

After we've written about the anticipated BNM announcement on Digital Bank license winners, many are curious & wondering why the hottest candidate Grab's name was not on the list?

What? Leading fintech/superapp company Grab is not one of the winners in getting the digital bank license in Malaysia? No worry... Hold on...

In this article, we will be highlighting the company background of all the FIVE digital bank winners (groups/consortiums).

Out of the 5 winning consortiums, 3 of them are majority-owned by Malaysians, namely Boost Holdings + RHB Bank Berhad; Sea Limited + YTL Digital Capital; and KAF Investment Bank.

For more details, here you go...

(Serba Dinamik) Resumption of Trading starting 9 May 2022... But, ...

Reference is made by Bursa Malaysia Securities Berhad on 22 October 2021, wherein a directive was issued to Serba Dinamik (SERBADK) to announce the findings from the Factual Findings Update dated 30 September 2021 (“FFU”) (“Bursa’s Directive”).

Arising from SERBADK’s failure to comply with Bursa’s Directive, Bursa Securities had on 27 October 2021 suspended the trading of SERBADK’s securities.

Subsequently, Bursa Securities had also sought to enforce Bursa’s Directive via legal action commenced pursuant to Section 360 of the Capital Markets & Services Act 2007 where the High Court had on 7 February 2022 granted an order to compel SERBADK to, among others, comply with Bursa’s Directive (“Order”).

SERBADK’s efforts to stay the Order pending its appeal had been dismissed by the High Court and the Court of Appeal on 14 February 2022 and 11 April 2022 respectively.

Bursa Securities wishes to draw investors’ attention to SERBADK’s announcement dated 21 April 2022, entitled “Court Order Dated 7 February 2022” (“Announcement”) where SERBADK had announced, among others, the findings from the FFU in accordance with the Order. This is in compliance with Bursa’s Directive.

Therefore, Bursa Securities will be uplifting the suspension of trading of SERBADK’s securities on 9 May 2022 at 9.00 am. Please refer to Listing Circular dated 29 April 2022 for further details.

CLARIFICATION ON SERBADK’S ANNOUNCEMENT