12 January 2026

Market Snapshot - Global Indices And Malaysian Corporate Movers - 12 Jan 2026 #businessnews

12th January 2026, global financial markets showed strong upward momentum as major US stock indices reached new peaks alongside rising prices for crude oil and gold

Market Snapshot - Global Indices And Malaysian Corporate Movers - 12 Jan 2026 #businessnews


Within the Malaysian corporate sector, significant 
privatization efforts are underway, highlighted by UEM Group’s cash offer to take UEM Edgenta private. 

Recent large-scale transactions also shaped the landscape, including substantial share divestments in MMAG Holdings and ITMAX System by key stakeholders. 

On the industrial front, KKB Engineering secured a major offshore construction contract, while Iconic Worldwide locked in substantial long-term rental income through a new factory lease. 

Conversely, regulatory actions were noted as Bursa Securities issued formal reprimands to Reneuco and its leadership for failing to meet financial reporting deadlines. Overall, these updates reflect a period of active asset disposal, strategic expansion, and shifting ownership across various Malaysian industries.

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