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Morgan Stanley sells part of Archegos before most rivals
NEW YORK: Morgan Stanley sold US$5bil (RM21bil) of shares owned by Archegos Capital Management a day before a deluge of block trades sent shockwaves across capital markets.
EcoFirst acquires land for a RM1.2bil GDV project
KUALA LUMPUR: EcoFirst Consolidated Bhd has entered into a conditional sale share agreement with Yeoh Siok Choo and Tan You Tiong, to acquire 51% equity interests in BCM Holdings Sdn Bhd for RM81.6mil.
Morgan Stanley dumped US$5 bln in Archegos stock night before fire sale
NEW YORK: Morgan Stanley sold about US$5 billion of Archegos' stocks the night before the fire sale hit rivals, CNBC reported on Tuesday, citing people with knowledge of the trades.
Grayscale has big plans for crypto fund
NEW YORK: The company behind the world’s largest cryptocurrency trust intends to flip it into an exchange-traded fund (ETF) as soon as US regulators allow.
Celcom’s new plan bundles mobile and home Internet at a lower price
The Celcom Max package brings together the telco's Home Fibre and mobile post-paid plans under a single bill, with a discount thrown in.
Give blacklisted lorry drivers a second chance, urges NGO
IPOH: Lorry drivers who were blacklisted after being forced to carry excess loads by their employers should be given a second chance by the government, says a social welfare non-governmental organisation.
Value of TikTok maker ByteDance approaches US$400 billion for new investors, sources say
Valuation of the Chinese start-up has been boosted by rival Kuaishou’s recent IPO in Hong KongByteDance is said to be mulling an offshore listing for TikTok’s Chinese sibling app
Trading ideas: Top Glove, Greatech, Muar Ban Lee
KUALA LUMPUR: Following related corporate announcements and news flow, there may be trading interest in Top Glove, Greatech, Muar Ban Lee, Symphony Life, Scientex, Ekovest, AMMB, Advancecon and Gabungan AQRS, said JF Apex Research.
Ekovest to acquire land in Pulai for RM944.62mil
PETALING JAYA: Ekovest Bhd plans to expand its landbank through a proposed related-party transaction with Iskandar Waterfront Holdings Sdn Bhd.
Health and beauty retailer opens three new stores
HEALTH and beauty retailer Watsons Malaysia has opened a new store in Quayside Mall, Kota Kemuning as well as two new health concept stores located at SS15 Courtyard and Empire Shopping Gallery in Subang Jaya.
