The FBM KLCI was up 7.39 points or 0.44% to 1,684.42 at 5pm. Decliners beat gainers by 668 to 268 while 321 counters were unchanged.
Bursa highlights on March 29
Confirming a StarBiz report more than two weeks ago, Felda Global Ventures Holdings Bhd announces that Datuk Zakaria Arshad has been appointed as its new chief executive officer, replacing Datuk Mohd Emir Mavani Abdullah whose three-year tenure expires on March 31. Read more
Vista Lestari Development Sdn Bhd, a company controlled by Consortium Zenith chairman Datuk Zarul Ahmad Zulkifli, is a step closer towards making a mandatory general offer after signing a conditional agreement to buy 50.71% equity interest and 33.5 million warrants in Voir Holdings Bhd for RM36.48mil. Read more
Kimlun Corp Bhd’s unit clinches a RM199.9mil contract to supply segmental box girders to build the MRT Sungai Buloh-Serdang-Putrajaya Line. It was the biggest of four new contracts announced by MRT Corp on Tuesday. Read more
Bison Consolidated Bhd, the country’s second largest retail convenience store industry player with chains such as MyNEWS.com, shrugged off the early lacklustre debut on the Main Market of Bursa Malaysia on Tuesday (opening at RM1.09) to close at RM1.17 for a 7-sen premium over its offer price. A total of 68.48 million shares worth over RM80mil were traded. Read more
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Bina Darulaman Bhd is postponing its EGM scheduled for Thursday (March 31) because its major shareholder, Kedah State Development Corp, requested more time to consider the effects of the company’s proposed long-term incentive plan for eligible persons in the group. The state development corporation owns 67.28% in Bina Darulaman. Read more
IOI Corp Bhd confirms the suspension of RSPO (Roundtable on Sustainable Palm Oil) certification for the entire IOI group’s oil palm production effective April 1. This was following complaints against its Indonesian subsidiaries’ plantation estates. IOI has prepared an action plan is seeking to resolve the issues as soon as possible. Read more
Atlan Holdings Bhd wants an exemption from seeking its shareholders’ approval for its subsidiary’s disposal of up to 25% equity interest of DFZ Capital Bhd, one of the country’s biggest duty free retailing groups. Atlan notes that its 70.09% subsidiary is listed on Singapore’s Catalist Board and therefore will be convening a general meeting to seek the go-ahead from its shareholders. Read more
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