IGB REIT’s 2QFY20 net property income plunged 62% year-on-year while gross revenue fell 54% year-on-year.
Supermax has proposed a bonus share issue of one share for every existing share, involving up to 1.36 billion new shares.
Top Glove has proposed a bonus issue of up to 5.48 billion new shares on the basis of two bonus shares for one existing unit held.
Versatile Creative, whose share price closed at a near two-year high in active trading, said it is in the process of exploring a new business arrangement in response to an unusual market activity (UMA) query.
Mah Sing’s first high-rise condominium in Wangsa Melawati, M Adora’s Tower A comprising 378 units recorded a take-up of 90% during its launch on July 18.
Widad's founder and group executive chairman Tan Sri Muhammad Ikmal Opat Abdullah has further increased his shareholding in the group to 71.99%, after acquiring a 7.58% stake via several open market and off-market transactions recently.
Meanwhile, US markets rose overnight following gains in technology counters and positive development in coronavirus vaccine.
Earlier, European stocks climbed after positive results from a potential coronavirus vaccine.
“Following the positive performances in the US and Europe, the FBM KLCI could climb towards its resistance of 1,615 points,” JF Apex said.
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