Shares of Mega Fortris Bhd (KL:MEGAFB) were flat on their trading debut on Monday, after the security seals maker’s initial public offering (IPO) on the Main Market of Bursa Malaysia raised nearly RM200 million. (TheEdge)

Xin Hwa Holdings Bhd today said the suspension of  the goods carrying license for its major subsidiary, Xin Hwa Trading & Transport Sdn Bhd, for three months could see it lose up to five per cent of its revenue for the year. (NST)

Destini Bhd's wholly owned subsidiary, Destini Prima Sdn Bhd (DPSB) has secured a RM33.05 million contract from the Ministry of Defence to provide maintenance services for safety and survival equipment for airborne equipment. (TheStar)

Kerjaya Prospek Group Bhd’s wholly owned subsidiary, Futuprop Sdn Bhd, has formed a joint venture and shareholders' agreement with Aspen Vision Development Sdn Bhd to undertake a mixed development on a 36-acre plot of land in Seberang Perai Tengah, Penang. (TheStar)

A takeover offer on the table for Sabah-based property developer WMG Holdings Bhd (KL:WMG) is “not fair and not reasonable”, and shareholders should reject the deal, according to an independent adviser. (TheEdge)

Road infrastructure specialist Azam Jaya Bhd plans to reduce reliance on external contractors by handling more projects with its resources, particularly the Pan Borneo Highway project. (TheStar)

Construction services firm TCS Group Holdings Bhd (KL:TCS) said on Monday it is working with the developer and consultants to investigate cracks at the J Satine mixed development project. (TheEdge)

Shares of Carlsberg Brewery Malaysia Bhd (KL:CARLSBG) rose to a three-week high, after the brewer reported a better-than-expected third quarter, while analysts raised their earnings forecasts. (TheEdge)

Maxis Bhd may join forces with U Mobile Sdn Bhd and could potentially acquire some or all of the 28.3 per cent stake that the mobile network operator's largest shareholder, Straits Mobile Investments Pte Ltd has placed for sale, according to Public Investment Bank Bhd (PublicInvest). (NST)

Alliance Bank Malaysia Bhd is expected to continue its robust loan growth and stable net interest margin (NIMs) in the second quarter of financial year 2025 (2Q FY2025), said Maybank Investment Bank Bhd (Maybank IB). (TheStar)

Source: New Straits Times, The Edge Markets, The Star 11 November 2024

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