Precision component manufacturer Northeast Group Bhd (KL:NE) unveiled its prospectus on Thursday for its initial public offering (IPO) on the ACE Market to raise up to RM110.4 million. (TheEdge)

Supreme Consolidated Resources Bhd (KL:SUPREME), a distributor of frozen food products, has signed an agreement with Kenanga Investment Bank to underwrite its initial public offering (IPO) on the ACE Market. (TheEdge)

Reservoir Link Energy Bhd's subsidiary Reservoir Link Solutions Sdn Bhd has signed a memorandum of understanding (MoU) with Ad Terra Asia Sdn Bhd to explore collaboration opportunities in carbon capture, utilisation, and storage (CCUS) projects. (NST)

OSK Property Holdings Bhd's Atria Shopping Gallery, a key commercial hub in Damansara Jaya, is set to launch a theme park aimed at enhancing visitor experiences with a variety of attractions for all ages. (NST)

AirAsia X Bhd (AAX) has released a detailed circular on the RM6.8bil acquisition of Capital A Bhd’s entire equity stake in AirAsia Aviation Group Ltd and AirAsia Bhd for its shareholders’ review ahead of its EGM on Oct 16. (TheStar)

Sime Darby Bhd’s earnings in the financial years ahead will be helped by gains from the stronger ringgit and contributions from UMW Holdings, which is now a wholly-owned subsidiary of the group. (TheStar)

YTL Corporation Bhd and YTL Power International Bhd were among top losers in the morning session after the Malaysian Anti-Corruption Commission (MACC) said investigations are ongoing on the data quality and services provided to schools under the 1BestariNet project. (NST)

UWC Bhd is planning for expansion as it anticipates a better outlook and has started to see signs of recovery in the semiconductor sector. (TheStar)

Maxis Bhd could be the frontrunner in the bid to build Malaysia's second 5G network, outpacing other contenders like CelcomDigi Bhd and U Mobile Sdn Bhd, according to CIMB Securities. (NST)

Malaysia demonstrated impressive growth in financial assets in 2023 with per capita net financial assets reaching €9,430 (RM43,618), according to Allianz Malaysia Bhd. (TheStar)

KJTS Group Bhd’s Thailand subsidiary KJTN Engineering Co Ltd has undertaken to provide retrofit work, operations and maintenance services for a chiller plant and to supply chilled water at the Centara Grand Mirage Beach Resort Pattaya in Thailand. (TheStar)

Kuala Lumpur Kepong Bhd (KLK) and Alami Commodities Sdn Bhd have formalised a memorandum of understanding (MoU) in relation to a joint venture (JV), KLK Alami Edible Oils Sdn Bhd (KAEO), for the manufacturing, sales and marketing of palm oil and specialty fats. (TheStar)

Shares of Keyfield International Bhd (KL:KEYFIELD) spiked on Thursday to a one-month high, after the oil-and-gas services firm announced new work orders. (TheEdge)

VS Industry Bhd is likely to only see temporary effects from the strengthening of the ringgit. (TheStar)

NCT Group of Companies (NCT Group) has inked a memorandum of understanding with RHB Banking Group to provide RHB SME Sustainable Financing Schemes to purchasers of NCT Group’s NCT Smart Industrial Park in Sepang, Selangor. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star 26 September 2024

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