Sunway, through its joint-venture (JV) vehicle with Singapore developer Hoi Hup Realty, has won a competitive bid for the en bloc acquisition of Flynn Park in Singapore, with a bid of S$371mil (approximately RM1.15bil).
Scientex has proposed to acquire all the remaining shares and warrants of Daibochi that it does not already own at an offer price of RM2.70 per share and 32 sen per warrant, amounting to RM345.3mil in total.
UMW posted a 351.9% leap in automotive sales to 9,512 units in August from 2,105 units in July, after operations resumed following the easing of the Full Movement Control Order (FMCO) restrictions.
Bermaz Auto saw its 1QFY22 net profit rise 11% yoy to RM10.27mil from RM9.25mil a year ago amid drop in revenue.
George Kent said that it has not received any offer from MRCB to acquire its stake in the Light Rail Transit Line 3 (LRT 3) project.
JAKS Resources has inked a Memorandum of Understanding with T&T Group Joint Stock Co to explore the possibility of collaborating to develop the 1,500MW Quang Ninh 2 liquefied natural gas (LNG)-to-power project in Quang Ninh province, Vietnam.
Bioalpha has called off the Memorandum of Understanding (MoU) it signed with Zuellig Pharma Sdn Bhd relating to the import, warehousing and distribution of Covid-19 vaccine in Malaysia.
Pecca’s 4QFY21 earnings fell to just RM26,000 from RM8.05mil in 3QFY21 on the back of lower revenue due to the nationwide lockdown that started on June 1.
Meanwhile, JF Apex Research expects the FBM KLCI to retest the support of 1,555 points following the recent decline. Yesterday, the benchmark index dropped 5.84 points to 1,570.13 points.
In US markets, the Dow Jones was up 260 points, snapping a five-day losing streak while European market were slightly higher after a weak of losses.