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Quick take: Transocean hits limit-up in early trade
KUALA LUMPUR: Transocean Holdings Bhd, which has been on an uptrend, hit limit up in early trade Tuesday.
Tiong Nam's Ong raises stake IWCity to 5.9%
KUALA LUMPUR: Iskandar Waterfront City Bhd has proposed to place out 83.7 million new shares to five new investors, including to Tiong Nam Logistics Holdings Bhd managing director Ong Yoong Nyock.
M3 Technologies shareholders reject private placement exercise
KUALA LUMPUR: The majority of shareholders in M3 Technologies (Asia) Bhd has rejected the company's proposed private placement exercise at an EGM today.
Britain to look closer at creating digital currency
LONDON (Reuters) -Britain stepped up efforts on Monday to look at the case for a digital pound in response to the challenge posed by cryptocurencies such as bitcoin, and outlined plans to make its financial market more attractive after Brexit.
Bank Islam CEO: Details on 5-year post-restructuring plan to be revealed Wednesday
KUALA LUMPUR: Bank Islam Malaysia Bhd’s parent company BIMB Holdings Bhd is on track to complete its restructuring in August and will reveal details on its five-year post-restructuring plan on Wednesday.
Quick take: Malayan Cement shares fall on news of private placement
KUALA LUMPUR: Malayan Cement Bhd’s proposal to raise RM226.95mil via a private placement may not go down well with investors as the stock emerged as the top loser on Bursa Malaysia.
The Week That Was - Grab, MRT3, Minda Global, Comfort Gloves,
GRAB, the ride-hailing firm that started its business in Malaysia nine years ago, announced a plan on Tuesday to list on Nasdaq in New York. The US$40bil deal involved a merger with special purpose acquisition company Altimeter Growth Corp.
Trading ideas: Reservoir Link Energy, Widad, Transocean
KUALA LUMPUR: Stocks to watch for on Thursday include Reservoir Link Energy, Widad, Transocean, Teladan Setia, Barakah, CN Asia, Homeritz and Niche Capital Emas, said JF Apex Research in its daily highlights report.
Niche Capital to venture into gold mining business in Kelantan
Kuala Lumpur: The company told Bursa Malaysia on Wednesday that it has entered into a Joint Venture Agreement (JVA) with Spate Precious Metals Sdn Bhd to undertake a gold mining project in Tanah Merah, Kelantan.Teladan Setia Group Bhd is buying 520 acres of land in Jasin, Melaka for RM95.1mil, increasing its total landbank 738.9 acres.
