KUALA LUMPUR: Companies that recently made headlines include Boustead Plantations
, KLK, Reservoir Link, MAHB, Kretam and Solution, said Apex Research.
The acquisition of a 33% stake in the Boustead Plantations Bhd by Kuala Lumpur Kepong Bhd (KLK) from the Armed Forces Fund Board (LTAT) “is pending a final decision between the transacting parties”, the two companies said following news report that the deal has fallen through.
Reservoir Link Energy Bhd said its 51%-owned unit Founder Group Ltd (FGL) is considering a listing on the US stock exchange Nasdaq.
Malaysia Airports Holdings Bhd saw 11.2 million total passenger movement in August for both its Malaysian and Turkish airport networks.
Kretam Holdings Bhd has raised its stake in Bahvest Resources Bhd to 12.22% or 151.49 million shares.
Cansino Biologics (Hong Kong) Ltd has emerged as the second largest shareholder of Solution Group Bhd, with a 9.09% stake subscribing to 43.968 million Solution Group shares at 19.5 sen or RM8.57 million via private placement.
The US stock market plunged overnight following strong jobs data and bond yields rising to its highest since 2007.
Similarly, European stocks tumbled after US Treasury yields hit a 16-year high.
On the local market, the FBM KLCI was flat after adding 1.25 points or 0.09% to 1,420.01 points.
"The FBM KLCI could extend its decline towards the support of 1,393 points," said Apex.
