Trading ideas: Nextgreen Global, IOI, Bahvest, Yinson, SP Setia and Gamuda Land


KUALA LUMPUR: Companies making headlines include Nextgreen Global, IOI, Bahvest, Yinson, SP Setia and Gamuda Land, said Rakuten Trade.

Nextgreen IOI Pulp SB (NIP), a joint venture between Nextgreen Global and IOI Corp, is partnering with Chinese firm Xiamen C&D Paper & Pulp Group Co Ltd to develop a RM600m paper pulp plant in Pekan, Pahang.

Bahvest Resources' subsidiary, Wullersdorf Resources, has obtained approval from the federal government's mining regulator, the Department of Mineral and Geoscience Malaysia (JMG), for its gold mining operations in Tawau, Sabah.

Yinson Holdings is considering a potential bond issue of up to US$500m (RM2.37bn).

Amanahraya Trustees, the trustee of Amanah Saham Bumiputera (ASB), reduced its stake in property developer SP Setia by selling 100m shares on April 8, cutting its stake from 24.54% to 22.37%.

Gamuda Land is partnering with Kiddypedia, a prominent advocate for children's education and development to introduce Kiddypedia Discovery Centres at its townships.

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