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Top Glove mulls raising US$1b in Hong Kong listing
KUALA LUMPUR: Top Glove Corp., the world’s biggest rubber glove maker, is considering raising more than $1 billion from a listing in Hong Kong, according to people with knowledge of the matter.
QES Group rides on digital tech boom
PETALING JAYA: The progressive advancement in digital technology is a boon for QES Group Bhd, as the company is well-positioned to tap future demand for semiconductors.
Advent of new uncertainties
PETALING JAYA: The market is venturing into an uncertain final quarter of 2020 with headwinds looming from multiple directions.
Mixed views on Bumi Armada despite job extension
PETALING JAYA: Although Bumi Armada Bhd has received a contract extension worth billions of ringgit, analysts have mixed views due to the company’s debt level and the overall challenging outlook for the oil and gas industry.
Smart Glove picks Affin and RHB for RM1bil IPO
KUALA LUMPUR: Smart Glove Corp, a disposable glove maker in Malaysia, has selected Affin Hwang Investment Bank Bhd and RHB Bank Bhd for its planned initial public offering that could raise more than RM1bil (US$242mil), according to those familiar with the matter.
Smart Glove picks banks for US$242m IPO
KUALA LUMPUR: Smart Glove Corp., a disposable glove maker in Malaysia, has selected banks for its planned initial public offering that could raise more than 1 billion ringgit ($242 million), according to people familiar with the matter.
Malaysia’s GDP to shrink 6% this year, rebound next year
KUALA LUMPUR: Malaysia’s economy is forecast to shrink by 6% this year due to the impact of the Covid-19 pandemic, but it will rebound 6.6% next year, according to the Global Economic Outlook report from Oxford Economics.
Reactivating branding to remain relevant
THE time is now for Malaysian businesses to reactivate their branding activities, as the market gears up to enter the recovery phase.
Ericsson to buy wireless networking firm Cradlepoint in $1.1b deal
STOCKHOLM: Ericsson has agreed to buy U.S.-based wireless networking company Cradlepoint in a $1.1 billion deal, the Swedish telecoms gear maker said on Friday.
Oil price rises 2%, reverses loses as OPEC+ addresses market weakness
NEW YORK: Oil prices rose more than 2% on Thursday, turning positive as OPEC and its allies said the producer group would crack down on countries that failed to comply with output cuts and planned to hold an extraordinary meeting in October if oil markets weaken further.
