Sheet metal product manufacturer and scaffolding supplier BWYS Group Bhd's shares surged more than 65% on its debut on the ACE Market of Bursa Malaysia, showing strong investor demand in the new stock despite a lacklustre market. (TheStar)

Protasco Bhd's share price fell 12.5 per cent after it signed a share sale agreement (SSA) with Star Teenagers International Sdn Bhd for the disposal of Ikram Education Sdn Bhd for RM30 million. (NST)

Majority shareholders of hotel operator Grand Central Enterprises Bhd (GCEB) are proposing to take the company private and de-list it from the Main Market of Bursa Malaysia for 46-sen a piece. (NST)

Genting Plantations Bhd's land acquisition in Indonesia is expected to increase its net debt and net gearing to RM1.7 billion and 0.32 times, respectively, from RM1.2 billion and 0.22 times previously. (NST) 

Malaysian mobile data service company U Mobile is planning a domestic initial public offering (IPO) that is expected to raise more than $500 million as early as the first half of 2025, according to two sources with direct knowledge of the matter. (TheStar)

Malaysia Airports Holdings Bhd (MAHB), which runs almost all the airports in Malaysia, said the introduction of six foreign airlines, helped Malaysia grow international traffic by 40 per cent in the first half of 2024, from a year ago. (NST)

Press Metal Aluminium Holdings Bhd (KL:PMETAL) is set to be a key player in Malaysia’s carbon capture, utilisation and storage (CCUS) in the metal sector, with the upcoming CCUS bill poised for presentation in Parliament, said MIDF Amanah Investment Bank Bhd. (TheEdge) 

Eversendai Corp Bhd has teamed up with Emirates Steel to develop the NEOM Trojena Ski Village in Saudi Arabia. (NST)

Gamuda Bhd has the potential to replace Genting Malaysia as a KLCI constituent as the former's market capitalisation has risen to the 22nd position among eligible securities. CIMB Securities Sdn Bhd said Gamuda surpassed the eligibility cutoff of the 25th position on July 18. (NST)

Source: New Straits Times, The Edge Markets The Star 22 July 2024

Need a Trading Account?

Open a trading account now for FREE with our selected advertiser to enjoy Free Subscription to MQ Trader!

Contact Us

Please do not hesitate to contact us if you have any inquiries:

Facebook: https://www.facebook.com/mqtrader 
Instagram: https://www.instagram.com/mqtrader 
MQ Chat: https://messenger.i3investor.com/m/chatmq 
YouTube: https://www.youtube.com/channel/UCq-26SGjlQTVQfO7DoEihlg 
Email: admin@mqtrader.com