Lion Corp: Sources say Megasteel Sdn Bhd is believed to be lobbying for a 15% levy on steel imports across the board from non Asean countries. Lion Corp owns 79% of Mesgasteel while Lion Diversified holds 21% stake.

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Harvest: Businessmen Datuk Raymond Chan who owns Sagajuta Sdn Bhd bought into the company from its MD Ng. Chan also submitted a put option agreement to Affin Bank to acquire its 18.3% stake in Harvest Court at 20 sen per share. Harvest also announced the appointment of Nazifuddin Najib, the son of PM Datuk Seri Najib. Nazifuddin is also a director of Sagajuta.

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MEGB: On Oct 5, 2011 Siva Kumar s/o M Jeyapalan emerged as a substantial shareholder of the education group after acquiring 41.2 million shares or 10.05% stake. MEGB will be releasing its 3QFy2011 results in mid Nov 2011.

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Envair: Two Chinese nationals have emerged as substantial shareholders in Envair Holdings Bhd, controlling some 13.5 per cent of the company. They will be seeking board representation in the company soon. The two, who each own 6.75 per cent or eight million shares in Envair, are Xu Sheng and Jiang Chuan Yi. It is not known if the duo are acting in concert with Zai Corporate Finance Ltd (ZAICF), a London-based investment banking firm, which is eyeing a 30 per cent stake in Envair. ZAICF had written in, seeking to purchase 30 per cent of the new ordinary shares in the company. Envair's board of directors will meet on November 29 2011 to discuss the ZAICF proposal. It is understood that the two China nationals bought the shares via a series of off-market trades. They bought the shares at between 27.3 sen a share and 35 sen apiece.

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Foreign Inflows: Overseas investors bought Malaysian stocks in October after two months of outflows, according to data compiled by the Kuala Lumpur stock exchange. Foreign funds bought RM1.5 billion of Malaysian shares last month, the exchange said on its website. In September, RM300 million flowed out of equities and RM3.8 billion exited in August 2011.