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Asia

Malaysian Shares Extend Winning Streak Despite Renewed Unrest in Middle East

Malaysian shares ended in the green on Tuesday, extending yesterday's gains, as investors shrugged off renewed US-Iran hostilities and unrest in the Middle East.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 21.5 points to end 1% higher at 1,719.94.In corporate news, shares of Verdant Solar (KLSE:VERDANT) jumped about 8% on close after it completed the installation, testing and commissioning of a rooftop solar photovoltaic system at Montfort in Sabah, Malaysia.Shares of Bina Darulaman (KLSE:BDB) gained about 3% on Tuesday's close after the company and Energise decided to dissolve and exit their joint venture for green energy business.Ahmad Zaki Resources (KLSE:AZRB) unit Ahmad Zaki has been served with two winding-up petitions by Tenaga Nirwana, and Muhibbah Engineering (M), involving combined claims of about 1.8 million ringgit.

FTSE Bursa Malaysia KLCIKLSE:AZRBKLSE:BDBKLSE:VERDANT
Asia

Bina Darulaman, Energise Dissolve Green Energy Joint Venture

Bina Darulaman (KLSE:BDB) and Energise have decided to dissolve and exit their joint venture for green energy business, according to a Monday filing with the Malaysian bourse.In June 2025, both companies agreed to establish a joint venture to operate and manage a green energy business, including the manufacture of organic biomass pellets, the production and sale of bioenergy products, and the cultivation of agricultural products to supply the raw material required for organic biomass.The joint venture company BDB Energise, till its dissolution, had not begun operations nor secured any business.The dissolution is not expected to have any significant effect on Bina Darulaman's financials, the filing said.

KLSE:BDB

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