Brem's majority shareholders, Brem Properties Sdn Bhd and Tan Sri Khoo Chai Kaa, have proposed to privatise the company via a share capital reduction (SCR) which entails a selective capital reduction and a corresponding capital repayment of RM1.20 per share.
IGB declared an interim dividend of 10 sen per share as well as dividend-in-specie, to be distributed via 10.36 treasury shares for every 1,000 existing shares held.
Malakoff, AMMB, Alliance Bank, IOI Properties, Time dotcom, Press Metal, Sarawak Oil Palm chalked up better y-o-y quarterly earnings while Padini, UOA Development, Hengyuan, Careplus, Pestech, KPJ Healthcare, SKP Resources, PetDag, Rubberex recorded weaker y-o-y quarterly results.
Meanwhile, JF Apex expects the FBM KLCI to test the support of 1,500 points following a 2% plunge on Friday as a new Covid-19 variant was found in South Africa.
At 10am, the FBM KLCI was down 5.17 points to 1,507.05.