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KUALA LUMPUR: Hong Leong Industries Bhd is selling its 100% stake in Hume Industries (Malaysia) Sdn Bhd for RM48mil and preference shares in Hume Cement Sdn Bhd for RM300mil to Narra Industries Bhd.
KUALA LUMPUR: Shares of Hong Leong Industries Bhd (HLI) and Narra Industries Bhd were the top gainers on Thursday afternoon when trading resumed after the companies, which are under the Hong Leong Group, announced a corporate exercise.
PETALING JAYA: Lion Industries Corp Bhd is selling its office building in Klang to Yinson Corp Sdn Bhd for RM47.7mil through a sale and leaseback arrangement.
KUALA LUMPUR: Bursa Malaysia Securities has frozen the upper limit share price of Narra Industries Bhd after its share price hit limit-up three times over three trading days.
PETALING JAYA: Shares of Mercury Industries Bhd fell 4.8% to RM1.20, in response to Friday’s announcement that its 1Malaysia People’s Housing Scheme (PR1MA) construction contract has been terminated.
KUALA LUMPUR: EG Industries Bhd has secured a US$36mil (RM146mil) contract to be the sole manufacturer for Flic, the world’s first wireless smart button that creates a shortcut to favourite actions on mobile devices
RHB Research Institute is maintaining its Outperform on Lion Industries with a fair value of RM1.70.
KUALA LUMPUR: Permaju Industries Bhd has teamed up with OCR Group Bhd to jointly develop a RM1bil project in Kota Kinabalu, Sabah.