Sime Darby Property, S P Setia and Alliance Bank will be deleted from the MSCI Global Standard Indexes' MSCI Malaysia Index, following MSCI Inc's latest semi-annual index review.
Chin Hin's subsidiaries are selling RM76.45mil worth of real estate assets to major shareholders to raise cash which will be used to repay bank loans and finance the building material distributor's working capital needs.
Fibon is partnering with EZAuto Asia Sdn Bhd, via a Memorandum of Agreement, to discuss, explore and collaborate on business opportunities in relation to the provision of financing access and capital solutions for users of the EZAuto Platform which are currently dependent on banks on the financing needs.
Zecon’s auditor Messrs Crowe Horwath had highlighted a material uncertainty in the group’s financial statements for the fiscal year ended June 30,2019, which has cast significant doubt on the group’s ability to continue as a going concern.
PRG Holdings has mutually cancelled the plan to buy the entire stake of a loss-making retail company from its 54.19%-owned Hong Kong-listed subsidiary Furniweb Holdings Ltd.
The Government has agreed to provide a 25-month interim period for procurement of drugs to Pharmaniaga after its concession ends on Nov 30.
Meanwhile, US market rose on Friday hitting record highs following optimism on the US-China trade talks as well as higher bond yields.
Earlier, European stocks declined on conflicting signals on the US-China trade war.
“Following the bullish sentiment in Wall Street, the FBM KLCI could extend its uptrend toward the resistance of 1,630 points, ” JF Apex said.
We're sorry, this article is unavailable at the moment. If you wish to read this article, kindly contact our Customer Service team at 1-300-88-7827. Thank you for your patience - we're bringing you a new and improved experience soon!
What do you think of this article?