Kim Teck Cheong ConsolidatedKim Teck Cheong Consolidated Bhd, a Sabah-based consumer package goods manufacturer and distributor, is scheduled to be listed in ACE Market of Bursa Malaysia on 25th November 2015.

The Initial Public Offering (IPO) consists of 142 million new ordinary shares at an IPO price of RM0.15 per share at RM0.10 par value. 91.745 million shares will be for private placement & selected investors, 34 million shares to the Malaysian public while the remaining 16.255 million shares are allocated for employees & person who contributed to the success of Kim Teck Cheong Consolidated Berhad.

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Budget MalaysiaOn Friday 23rd October 2015, Prime Minister Datuk Seri Najib Tun Razak who is also Finance Minister unveiled Budget 2016 focusing on ensuring Malaysia remains a competitive economy without sacrificing the people’s needs and interests.

The Budget 2016 is to ensure inclusive and sustainable growth in the years leading to 2020 when Malaysia aims to be a high-income, advanced economy. This budget is the first of five annual budgets under the 11th Malaysia Plan. RM267.2bil will be allocated under Budget 2016, compared with the revised RM260.7bil in 2015.

The theme for the Budget 2016 is “Prospering the Rakyat” which is based on five priorities as follows:

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EPFEmployees Provident Fund (EPF) contributors may choose to have a Syariah Compliance KWSP-i account when the amendments to the Employees Provident Fund Act 1991 are passed in Dewan Rakyat in the current parliament session. The new account will be managed and invested according to Syariah principles.

The amendments to the EPF Act 1991, will also provide for the establishment of a Syariah Advisory Committee and an Investment Panel to ensure Syariah compliance.

With the creation of the KWSP-i account, Section 27 of the Act will be amended to enable two dividend rates to be announced for EPF contributors, each for Normal & Syariah compliance account.

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Amanah Saham Nasional Berhad (ASNB), announced a dividend of 6.40 sen per unit for Amanah Saham 1Malaysia (AS 1Malaysia) for the financial year ended 30th September 2015.

The  dividend is 0.20 sen per unit lower then 6.60 sen per unit announced in 2014. Kindly refer to “Historical AS1 Malaysia Dividend Rate” for previous year dividend.

The dividend will involve a total payment of RM694.96 million and will benefit 395,036 unit holders which currently hold 10.9 billion units of AS 1Malaysia

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Aemulus Holdings BerhadAemulus Holdings Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 21.9 million shares. It was oversubscribed by 13.05 times. The IPO attract 6,726 applications or 308.2 million shares.

Notices of Allotment will be dispatched by post to all successful applicants on or before 14th September 2015. Aemulus Holdings is expected to be listed on the ACE Market of Bursa Malaysia on 15th September 2015 under stock name “AEMULUS”.

Below are the allotment summary.

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