Jakel Group managing director Datuk Mohamed Faroz Mohamed Jakel has emerged as a substantial shareholder in Sedania Innovator, after acquiring 43.53 million shares or a 12.55% stake in the group.
JHM Consolidation is eyeing to acquire a nine-acre piece of land in the Batu Kawan Industrial Park in Penang for RM21.6mil as part of its expansion into the telecommunication equipment industry.
Serba Dinamik said its non-independent non-executive director Datuk Abdul Kadier Sahib, who is also the second largest shareholder, has proposed to remove KPMG PLT as the company’s external auditor.
MPI, PPB, Rubberex, Ann Joo, MFM, Oriental Holdings, YTL Power, Kimlun, Kerjaya Prospek Property recorded better year-on-year quarterly results.
On the other hand, MAHB, FGV, Power Root, IGB, Time dotcom, Tune Protect, YTL Corp, MKH posted weaker year-on-year quarterly earnings.
The US market posted slight gains on Friday following optimism on economic recovery following favourable inflation, savings and consumer spending data.
Similarly, European stocks climbed after better-than-expected economic sentiment and French GDP.
“Following the announcement of economic lockdown, the FBM KLCI could react negatively and retest the support of 1,550 points,” JF Apex said