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KUALA LUMPUR: Following is a list of events in Malaysia as well as news company-related and market news which could have an influence on the local market.
PETALING JAYA: Telecommunica-tion services network provider OCK Group Bhd is close to finalising a deal to purchase a few mobile-transmission towers and rooftop stations.
KUALA LUMPUR: Telecommunication services network provider OCK Group Bhd made a strong debut as its share price jumped 23.61%, closing at 44.5 sen per share from its offer price of 36 sen.
Hwang DBS Vickers Research (HDBSVR) expects the FBM KLCI – which rose 41.7 points or 2.6% over the past 12 days to close at a new all-time high of 1,635.96 on Monday, could pause for a breather soon.
OCK Group Bhd opened at 42 sen or six sen above its offer price of 36 sen when it made its debut on the ACE Market of Bursa Malaysia Securities on Tuesday.
OCK Group Bhd, which is en route for listing on Bursa Malaysia’s Ace Market, is “in discussions” to acquire mobile telecommunications towers and lease them back to mobile telecommunications service providers.
OCK Group Bhd plans to raise RM27mil from its proposed listing on the ACE Market of Bursa Malaysia Securities, which involves the issuance of 75 million new shares at an issue price of 36 sen each.
OCK Group Sdn Bhd has received approval from Bursa Malaysia Securities Bhd to list on the ACE Market of Bursa Malaysia.
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