Malaysia’s corporate landscape saw a mix of fundraising activities, renewable energy expansion, IPO enthusiasm and balance sheet restructuring dominate headlines, reflecting continued investor appetite for growth and defensive sectors despite broader market caution. Tenaga Advances Renewable Energy Push KL: TENAGA strengthened its renewable energy ambitions after its subsidiary issued RM1.05 billion in Asean Green SRI Sukuk to finance a 500MW solar photovoltaic project in Kedah . The issuance highlights increasing institutional support for green financing and reinforces Tenaga’s long-term transition towards cleaner energy infrastructure. Investors may view the move positively as ESG-linked investments continue gaining traction across regional markets. Mr DIY Expands Funding Flexibility KL: MRDIY raised RM540 million via its maiden bond issuance , with proceeds earmarked for refinancing, working capital and expansion plans. The ...
An Australian computer scientist, who falsely claimed to have invented bitcoin, was found in contempt of court on Thursday for filing a £911 billion (US$1.2 trillion) lawsuit in Britain against Twitter founder Jack Dorsey's payments company, Block.
Key Points:
- Craig Wright, the claimant, had long asserted he was Satoshi Nakamoto, the pseudonymous author of bitcoin's foundational 2008 white paper.
- In May 2024, London's High Court ruled that Wright had lied extensively, fabricated documents, and did not invent bitcoin.
- The case was initially brought by the Crypto Open Patent Alliance (Copa), aiming to prevent Wright from suing bitcoin developers based on his false claims.
- Copa argued that Wright's recent lawsuit against Block violated a prior injunction, which barred him from pursuing litigation based on his false assertion of intellectual property rights over bitcoin.
- Judge James Mellor ruled Wright to be in contempt of court during a Thursday hearing that Wright did not attend.
- Last month, Wright was also denied permission to appeal Mellor's ruling that he is not the inventor of bitcoin.
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