{
  "id": 6368966,
  "title": "K-One jumps 15pct ahead of EGM for RM94mil G-AsiaPacific sale",
  "url": "https://urgent.news/2026/09/09/k-one-jumps-15pct-ahead-of-egm-for-rm94mil-g-asiapacific-sale",
  "topic": "world",
  "section": "World",
  "published": "2026-09-09T02:05:14.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/09/1528747/k-one-jumps-15pct-ahead-egm-rm94mil-g-asiapacific-sale"
  },
  "original_language": "en",
  "account": null,
  "summary": "K-One Technology Bhd's shares surged 15.38% in early trading today, ahead of a shareholder vote on the company's RM94 million disposal of an indirect subsidiary and a proposed RM27.4 million cash repayment. The stock opened at 13.5 sen, before climbing to a high of 15 sen, giving it a market capitalisation of RM120.64 million. The company is selling its wholly-owned subsidiary, G-AsiaPacific Sdn Bhd, to Itochu Singapore Pte Ltd and Itochu Corp, with Itochu Singapore acquiring a 60% stake for RM56.4 million and Itochu Corp taking the remaining 40% for RM37.6 million. The disposal is expected to provide a pro forma gain of RM47.6 million for K-One.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}