Bursa Malaysia Market News

KUALA LUMPUR (Jan 5): LION CORPORATION BHD [] has received Bursa Malaysia Securities Bhd's approval to list up to 950 million new shares to settle the overdue amount owed by its 79% subsidiary Megasteel Sdn Bhd.
The company said on Thursday Bursa Securities had also approved the proposed share consolidation....

KUALA LUMPUR (Jan 5): CAN-ONE BHD [], whose share price surged on Thursday, told Bursa Malaysia Securities it was unaware of the reasons for the unusual market activity (UMA).
Can-One surged 31 sen to close at RM1.37 with 6.95 million shares done.
In its reply to Bursa Securities' query, it said there was no corporate development relating to the group's business and affairs that had not been previously''announced that may account for the UMA....

SINGAPORE (Jan 5): DBS Group Holdings said on Thursday it is investigating complaints from customers of unauthorised withdrawal of funds in Malaysia, through the use of the bank's debit and automated teller machine (ATM) cards.
The bank said it immediately de-activated the compromised cards and is taking steps to compensate these customers in full....

PUTRAJAYA (Jan 5): Khazanah Nasional Bhd (Khazanah) and Temasek Holdings (Pte) Ltd (Temasek) are currently in the midst of discussions with
banks to provide financing for M+S Pte Ltd development projects in Singapore.
M+S, a company owned 60:40 by Khazanah and Temasek respectively, is set to develop land parcels in Marina South and Ophir-Rochor with an estimated gross development value of RM27 billion (S$11 billion)....