Jentayu is planning another placement — this round to raise up to RM62.96mil — for the clean energy solutions provider to fund its pre-development expenditures, new projects and working capital.
LFE Corp has seen a change in the ownership of an 8.87% stake in the construction and mechanical and electrical (M&E) services group held through Resolute Accomplishment Sdn Bhd.
LFE executive chairman Chuah Chong Ewe acquired the stake, comprising 98.37 million shares on Monday, while another filing showed that Audrey Chua Mei Ling had disposed of the same amount of LFE shares held through Resolute Accomplishment.
Vizione has secured a RM490mil contract as a turnkey contractor to build three blocks of apartments in the Kota Kinabalu district in Sabah.
Chin Hin has filed its establishment of a perpetual medium-term note (MTN), in a bid to raise up to RM500mil, with the Securities Commission Malaysia.
A new substantial shareholder has emerged in MQ Technology via the acquisition of a 6.12% stake in the Penang-based industrial mould manufacturer.
The group said Tai Tean Seng undertook the open-market acquisition of the stake, comprising 90 million shares, on Wednesday.
Overnight, the Dow Jones Industrial Average rose 0.18% to 36,117.57 points, the S&P 500 advanced 0.8% to 4,585.59 while the Nasdaq Composite jumped 1.37% to 14,339.99 points.
Apex Securities expects continued volatility in the FBM KLCI over time, as investors exercise caution eagerly waiting for additional confirmation on US job data.
“Still, bargain-hunting activities may emerge after four consecutive sessions of pullback. The key economic focus will be directed toward the US November nonfarm payroll report and Michigan’s preliminary consumer sentiment data.
“We remain cautious on the plantation sector as CPO prices continue to soften below RM3,600 per tonne driven by concern over rising stockpile in the country and weaker demand from China. Meanwhile, the technology sector may mirror the positive developments on Nasdaq overnight,” it said.