Bursa highlights logo for Star Online (Business).
Bursa highlights on April 7
TAS Offshore Bhd’s unit TA Ventures (L) Ltd has received another notice from QMS1 Offshore Services Ltd to terminate a shipbuilding contract, bringing the value of deals terminated by QMS1 this year to RM151.6mil. Read more
Malaysian Bulk Carriers Bhd, whose share price has climbed a sharp 25% since Monday last week and whose trading volume on Thursday topped 68 million shares (i.e. 6.8% of its paid-up capital), received a Bursa Malaysia Securities unusual market activity query. This member of the Kuok group, however, is not aware of any reasons or corporate exercise that may have contributed to the surge in share price and high trading volume. Read more
Spring Gallery Bhd, a ceramic pot maker seeking to raise funds for its diversification into construction, has managed to get an oversubscription rate of 21.7% for its rights issue of irredeemable convertible preference shares with free warrants. Read more
Eco World International Bhd (EWI) has received the Securities Commission’s approval for its initial public offering (IPO) and listing on the Main Market of Bursa Malaysia Securities Bhd. Eco World Development Group Bhd, which is already listed, plans to subscribe up to 30% in EWI’s enlarged paid-up capital. (Info from press statement) Read more
Car leather upholstery manufacturer Pecca Group Bhd’s IPO shares allocated for the Malaysian public has been oversubscribed by 13.11 times. (Info from press statement) Read more
Newly-listed Ranhill Holdings Bhd’s indirect unit Ranhill Water Services Sdn Bhd (RWS), a water-related project management consulting firm, has signed an MoU with Canada-based Echologics LLC that specialises in acoustic technologies for detecting the underground leaks. RWS is eyeing possible businesses in six states in Malaysia with high non-revenue water. (News from a function) Read more
Genting Malaysia Bhd (GenM) plans to seek from shareholders a renewal of authority to buy back its own shares which is nothing out of the ordinary. A more challenging request would be GenM’s day-earlier proposal for a renewed disposal mandate from shareholders for the sale of unit Resorts World Ltd’s 16.87% equity interest in cruise operator Genting Hong Kong. Read more
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