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PETALING JAYA: Analysts are generally neutral on Unisem (M) Bhd’s proposed private placement of up to 10% of its share base, which is equal to 72.8 million new shares to be issued.
KUALA LUMPUR: CGS-CIMB Research retains Hold for FGV Holdings Bhd with a higher target price of RM1.34 from its earlier RM1.21 on higher earnings outlook though there were some concerns about the potential corporate exercise with FELDA.
KUALA LUMPUR: Shares of Batu Kawan Bhd and Chemical Co of Malaysia Bhd (CCM) climbed in early Wednesday trade on news about the former’s corporate exercise to acquire a 56.32% stake in the latter.
KUALA LUMPUR: Unisem (M) Bhd said it will raise as much as RM400mil from a proposed private placement of new shares to investors.
KUALA LUMPUR: Semiconductor firm Unisem (M) Bhd said it will raise as much as RM400mil from a proposed private placement of new shares to investors.
KUALA LUMPUR: Kumpulan Powernet Bhd has proposed to increase the number of its shares by dividing one current stock into four new shares that will be issued with free warrants.
PETALING JAYA: Hibiscus Petroleum Bhd’s managing director Kenneth Gerard Pereira intends to subscribe for a total of 33.5 million Islamic Convertible Redeemable Preference Shares (CRPS) in the second tranche of CRPS for RM33.5mil.