Hong Leong Bank Bhd (HLB) has partnered with Payments Network Malaysia Sdn Bhd (PayNet) to roll out "Project Cashless Kampung" at Sekinchan, Selangor, the first non-urban area to be cashless enabled. The project aims to champion financial inclusion in the small town by ensuring all 24,000 Sekinchan residents have access to full-fledged banking facilities and services and empowering 800 small business owners to digitalise their businesses through the acceptance of cashless and contactless payments. (NST)

Duopharma Biotech Bhd is looking at the possibilities of developing cannabis-related healthcare products but is still waiting for the regulatory framework from the government. Group managing director Leonard Ariff Abdul Shatar said Duopharma was in discussions with some parties to seek options on the plans. (NST)

PWF Corp Bhd’s wholly owned subsidiary, PWF Feeds Sdn Bhd, is buying two pieces of freehold land at KIIP Kapar 2, measuring 2.774 acres each, in Jeram, Kuala Selangor for RM18.12mil from Klangrealty Consortium Sdn Bhd. The agricultural land parcels are zoned for industrial use and the vendor intends to apply to convert it to the latter, PWF said in a filing with Bursa Malaysia. (TheStar)

Ocean Vantage Holdings Bhd’s 70%-owned subsidiary Ocean Vantage Electrical and Instrumentation Sdn Bhd (Ovei) was awarded a RM4.8mil contract by Bakat Industri Sdn Bhd for the provision of cabling works for a project in Kulim Hi-Tech Park, Kedah. (TheStar)

Alliance Bank Malaysia Bhd has announced the appointment of Kellee Kam Chee Khiong (pic, above) as group CEO effective Sept 1, 2022. He will succeed Joel Kornreich {pic, below}, whose tenure as group CEO ends on Aug 31, 2022. (TheStar)

Shareholders of Chin Hin Group Bhd have been recommended to vote in favour of the group’s proposed disposal of its stake in Solarvest Holdings Bhd as the exercise is fair and reasonable, according to adviser M&A Securities Sdn Bhd. M&A also added that the proposed disposal is not detrimental to the shareholders. (TheEdge)

Atrium Real Estate Investment Trust (REIT) has proposed to raise RM85.3 million via a private placement and a special issuance of units to fund asset enhancement initiatives (AEI) on its Atrium Shah Alam 4 industrial property. Mercury Securities Sdn Bhd said the firm needed to wait for information on the tenancy terms for Atrium Shah Alam 4 before arriving at an opinion on the proposed private placement and special issuance of units. (NST)

Kossan Rubber Industries Bhd group managing director/chief executive officer Tan Sri Lim Kuang Sia has been awarded Entrepreneur of the Year at the 13th Asia Pacific Enterprise Awards (APEA) 2022. In a statement on Thursday (July 14), non-governmental organisation Enterprise Asia said Lim's entrepreneurial journey started over 40 years ago when he founded Kossan, a venture with only five people, and manufactured Malaysia's very first rubber cutlass bearings for fishing boat propellers. (TheEdge)

Genting Malaysia Bhd warned that it has come to the casino and hotel operator's attention that there are several websites imitating to be Genting Malaysia. "Unauthorised weblinks," Genting Malaysia said in an advisory on its website. (TheEdge)

FGV Holdings Bhd emerged among the top actively traded stocks on the local bourse on Thursday (July 14). The stock opened one sen or 0.67% higher at RM1.51 at the opening bell, and remained unchanged at the time of writing. (TheEdge)

RHB Retail Research said Cnergenz Bhd is attempting to stage a technical rebound as it is oversold now. In a trading stocks note on Thursday (July 14), the research house said the trading volume has been tapering recently, which suggests that the selling pressure is easing. (TheEdge)

RHB Retail Research said MR DIY Group (M) Bhd is in the midst of a consolidation, and eyeing a technical breakout. In a trading stocks note on Thursday (July 14), the research house said the stock underwent a sharp correction but rebounded lately as selling pressure is tapering down. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star  14 Jul 2022

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