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21 Apr 2021 / 21:50 H. PETALING JAYA: Techna-X Bhd via its subsidiary HK Aerospace Beidou New Energy Industry Technology Co Ltd, is venturing into the electric vehicle (EV) market through a joint venture with industry experts in electric mobility technologies. It today signed a joint venture agreement with technology firm in electrical hypercars domain Rimac Automobili’s former co-founders Monika Mikac and Igor Pongrac as well as materials specialist Nordin Catic and electronic systems design expert Benjamin Bozic. The joint venture company has been registered as E-Rex d.o.o and the group ...

KUALA LUMPUR (March 5): Bursa Malaysia ended the morning session mixed, with the key index rising 0.24%, lifted by selected heavyweights including banking stocks after Bank Negara Malaysia (BNM) decided to maintain the overnight policy rate (OPR) at 1.75% yesterday.    At 12.30pm, the benchmark FBM KLCI had increased 3.81 points to 1,585.07 from yesterday’s close at 1,581,26.  The index moved between 1,579.74 and 1,587.97 throughout the morning trading session. Market breadth was negative with losers outpacing gainers 642 to 393, while 416 counters were unchanged, 704 untraded and ...

KUALA LUMPUR (Feb 23): The FBM KLCI Index continued to end lower today following declines in its glove maker constituents, in contrast with other regional bourses trending higher in anticipation of insights from the US Federal Reserve. The local benchmark index closed 0.34% or 5.41 points lower today at 1,565.05, following declines in Hartalega Holdings Bhd, Top Glove Corp Bhd and Supermax Corp Bhd. Hartalega fell by 4.98% or 58 sen to RM11.06, valuing it at RM37.91 billion. Meanwhile, Top Glove was the local bourse’s 19th top value loser, finishing 1.9% or 11 sen lower at RM5.67, yielding ...

KUALA LUMPUR (Feb 8): Techna-X Bhd (formerly known as Sino Hua-An International Bhd) is acquiring a 25% stake in telco-media company MBits Digital Sdn Bhd for RM12.5 million in a bid to expand its digital transformation solutions offerings. In a statement, the company said it had entered into a share purchase agreement with MBits founder and chief executive officer Saraleena Nattaya Azmi for the acquisition of 10 million shares, representing a 25% equity stake in MBits. Techna-X said it intends to leverage MBits’ licenses, product, and service offerings to improve its efficiencies. MBits is...

Bursa Malaysia entered the final trading day of 2020 lower due to a lack of buying momentum.