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Singapore-based PK Green Fund has become a substantial shareholder of Jentayu Sustainables Bhd (JSB) after acquiring a 9.018% equity stake in the renewable energy company. In a filing with Bursa Malaysia, JSB said it received a notice dated July 1 informing the company that PK Green Fund had become a substantial shareholder in accordance with the Companies Act 2016 and Bursa Malaysia’s Main Market Listing Requirements. The fund acquired 49.1 million ordinary shares in JSB on June 30, representing approximately 9.02% of the company’s issued share capital. Prior to the acquisition, PK Green Fund did not own any shares in the company. JSB welcomed the investment, describing it as a strong vote of confidence in the group’s strategic direction and its ongoing transformation into a renewable energy-focused business. The company said the fund’s investment reflects support for the continued development of its renewable energy project pipeline, including its flagship Project Oriole. According to JSB, PK Green Fund has also expressed its intention to engage constructively with the company’s board and management on strategic, corporate governance and sustainability-related matters. The fund further indicated that it may, at a later stage, seek representation on the board, subject to the company’s nomination process, corporate governance framework and all applicable regulatory requirements. PK Green Fund is a Singapore-domiciled investment fund that focuses on environmental and social impact investments across emerging markets, with a particular emphasis on renewable energy. A separate Bursa Malaysia filing showed that the 49.1 million shares were acquired through an off-market transaction from Datin Nurhaida Abu Sahid, the spouse of group managing director Datuk Beroz Nikmal Mirdin, at a price of 20 sen per share. Following the transaction, Beroz’s deemed indirect shareholding in JSB fell to 22 million shares, or 4.041%, while his direct interest remained unchanged at 20.89 million shares, representing 3.837% of the company’s issued share capital.

Karyon Industries Bhd (KIB) is proposing to acquire a 3,587 sq m freehold industrial land parcel in Johor Baru, Johor, from Tanah Temasik Sdn Bhd for RM8.6 million. In a filing with Bursa Malaysia, the polyvinyl chloride (PVC) compound manufacturer said the acquisition is part of its long-term strategy to strengthen manufacturing operations and support future expansion plans. The company said the land is located near its existing factories and will provide additional space for the installation of new manufacturing lines, expansion of production capacity and enhancement of storage facilities. KIB added that the acquisition is expected to improve the group’s overall manufacturing footprint and support its growth plans in the coming years. Barring any unforeseen circumstances, the company expects the proposed acquisition to contribute positively to future earnings.

Unisem (M) Bhd plans to raise up to RM742 million through a private placement of up to 161.3 million new shares to fund the expansion of its semiconductor manufacturing capacity, particularly for artificial intelligence (AI) and high-performance computing (HPC) applications, while also reducing its borrowings. Trading in Unisem shares was suspended between 9am and 10am on Friday pending the announcement. In a filing with Bursa Malaysia, the semiconductor assembly and test services provider said the placement shares will be offered to local and foreign institutional investors through a book-building exercise. Based on an illustrative issue price of RM4.60 per share, the proposed private placement is expected to generate gross proceeds of approximately RM742 million. Of the total proceeds, RM444.5 million will be allocated for capital expenditure, including the purchase of assembly, test and wafer bumping equipment, as well as the establishment of cleanroom facilities to support future production growth. Meanwhile, RM269.9 million will be used to repay existing borrowings, RM22.9 million will be set aside for working capital requirements, while the remaining RM4.6 million will be utilised to cover expenses related to the fundraising exercise. Unisem said the fundraising follows significant investments in its new manufacturing facility in Gopeng, Perak, and the Phase 3 expansion of its Chengdu operations in China, both of which were partly financed through debt. The company said the additional capital will support its next phase of expansion by increasing production capacity to meet rising global demand for semiconductor solutions used in AI and high-performance computing, while also enhancing operational efficiency and lowering financing costs. Although the group had cash and bank balances of approximately RM258.9 million as at March 31, 2026, Unisem said the private placement would strengthen its financial flexibility without significantly depleting its cash reserves. “The proposed private placement will enable the group to preserve its existing cash for operational requirements and working capital while remaining well-positioned to pursue future expansion opportunities as they arise,” the company said. It added that the exercise reflects its commitment to maintaining prudent financial management, operational resilience and long-term sustainable growth amid the evolving global semiconductor landscape. The private placement is also expected to improve the company’s public shareholding spread to approximately 31.84% from 25.02%, while enhancing the liquidity of its shares. The exercise will be carried out under the company’s existing general mandate approved by shareholders at its annual general meeting on April 28, 2026, and will not require further shareholder approval. Subject to regulatory approvals and the successful placement of all shares in a single tranche, the fundraising exercise is expected to be completed by the third quarter of calendar year 2026.

The Malaysian Palm Oil Board (MPOB) expects crude palm oil (CPO) prices to remain strong at between RM4,000 and RM4,300 per tonne this year, supported by higher global petroleum prices. Its director-general Datuk Dr Ahmad Parveez Ghulam Kadir said palm oil prices are expected to stay firm, driven by movements in global oil markets following tensions in the Strait of Hormuz. “Looking at the current situation, palm oil prices have remained strong, and for this year we are targeting an average price of between RM4,000 and RM4,300 per tonne,” he said at a press conference after the MPOB 2026 Palm Oil Technology Transfer (TOT) Programme. He explained that disruptions in the Strait of Hormuz have affected global petroleum supply, which has in turn lifted prices of palm oil and other vegetable oils due to their close price relationship. On supply conditions, Ahmad Parveez said the industry is also facing potential production constraints due to the lingering effects of the El Niño phenomenon, which has impacted oil palm pollination. “We are monitoring the potential post-El Niño effects, which bring hotter weather and lower rainfall,” he said. “The impact is not immediate, but it affects pollination activities carried out by oil palm weevils. Hotter conditions reduce insect activity, leading to lower pollination rates and ultimately reduced oil yields.” On the European Union Deforestation Regulation (EUDR), he said more than 80% of smallholders in Peninsular Malaysia are already prepared to comply with the requirements. He added that MPOB is targeting 90% to 95% of eligible smallholders with valid licences and clear land ownership to be included in its compliance system before the regulation takes effect for smallholders in the middle of next year. “Once incorporated into the system, their palm oil will be able to enter the European Union market without compliance issues,” he said.

Public Mutual, a wholly-owned subsidiary of Public Bank Bhd, has declared total distributions amounting to more than RM96 million for five of its funds for the financial year ended June 30, 2026. In a statement, the unit trust manager said the distributions reflect the performance of its fixed income and income-focused funds over the period under review. Among the funds, the PB Islamic Bond Fund led with a gross distribution of 5.50 sen per unit. This was followed by the PB Infrastructure Bond Fund at 5.00 sen per unit, and the PB Fixed Income Fund at 4.50 sen per unit. Meanwhile, the Public Institutional Bond Fund declared a distribution of 0.90 sen per unit, while the Public Islamic Savings Fund recorded a payout of 0.10 sen per unit. Public Mutual noted that the PB Islamic Bond Fund, PB Infrastructure Bond Fund, PB Fixed Income Fund, and Public Institutional Bond Fund follow an annual distribution policy. In contrast, the Public Islamic Savings Fund distributes income on a semi-annual basis, providing investors with more frequent payout cycles. The group said the latest distributions underscore its continued focus on delivering consistent returns through a diversified range of fixed income and savings-oriented investment solutions, catering to both retail and institutional investors. Public Mutual currently manages more than 180 unit trust funds across various asset classes and investment strategies. It is also an approved Private Retirement Scheme (PRS) provider, managing nine PRS funds nationwide, further strengthening its position as one of Malaysia’s largest private unit trust managers.