The public issue of Kucingko Bhd's initial public offering (IPO) of 25 million shares made available to the Malaysian public has been oversubscribed 99.02 times. (TheStar)

Shares in Citaglobal Bhd jumped 10% on Tuesday on news it had entered into a joint development framework agreement (JDFA) with SUS Holding Limited, a wholly-owned subsidiary of ultimate holding company Shanghai SUS Environment Co Lt (SUS Environment). (TheStar)

Malayan Banking Bhd (Maybank) has signed a five-year memorandum of understanding (MoU) with the Forest Research Institute Malaysia (FRIM) to reforest a five-hectare ex-mining plot at FRIM’s Bidor Research Station in Perak, with an option to extend the MoU for another five years. (TheStar)

KIMLUN Corporation Bhd's joint venture (JVco) with Astaka Holdings Bhd to develop a serviced apartment near the Johor Bahru-Singapore Rapid Transit System (RTS) Link is set to raise its total orderbook to RM3.5 billion. (NST)

The takeover offer for Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT) is expected to be finalised in the third quarter of this year (3Q2024), and it needs to be approved by at least 90% of MAHB's existing shareholders, the Ministry of Finance (MOF) said. (TheEdge) 

UUE Holdings Bhd’s wholly-owned subsidiary Kum Fatt Engineering Sdn Bhd has secured two contracts for the installation of underground cables and accessories valued at a combined RM26.93mil. (TheStar)

Bursa Malaysia Bhd's share price reached an almost four-year high supported by overall positive sentiment in the country as well as improved corporate results. (NST)

WCT Holdings Bhd's outstanding construction order book is projected to increase by eight per cent to RM2.86 billion following the group's acquisition of a RM214 million construction contract from Kwasa Land Sdn Bhd. (NST)

Gamuda Bhd is expected to secure another data centre (DC) project in the financial year 2025 (FY25), according to RHB Research.  (NST)

The rally in shares of Dialog Group Bhd (KL:DIALOG) still has more legs to go from elevated storage rates and higher margins from its recently renewed plant maintenance contract, AmInvestment Bank said. (TheEdge) 

Westports Holdings Bhd’s growth is expected to be sustained by strong intra-Asia volumes. (TheStar)

Sarawak Cable Bhd (SCB) which is currently under the care of a court-appointed interim judicial manager, announced today that its chief financial officer Teoh Wen Jinq has resigned. (NST)

Source: New Straits Times, The Edge Markets The Star 16 July 2024

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