Trading ideas: Ge-Shen, Kelington, MSB, Magma, UOA Development

KUALA LUMPUR: Here is a recap of the announcements that made headlines on Bursa Malaysia.

Ge-Shen Corp Bhd plans to raise up to RM103.76mn via two private placements to fund its acquisition of an additional 40% stake in Local Assembly Sdn Bhd, increasing its ownership to 80%.