Devanesan Evanson News Today

PETALING JAYA: The prospects for more merger and acquisition (M&A) deals in Malaysia are expected to persist going into 2024, despite the global economic headwinds, geopolitical conflicts and high interest-rate environment, say industry experts.

SIX years after the Leading Entrepreneur Accelerator Platform — better known as the LEAP Market — was launched at Invest Malaysia Kuala Lumpur 2017, the alternative capital-raising platform for small and medium enterprises (SMEs) finally has a new transfer framework for companies wanting to migrate to the ACE Market.

THE stakes are getting higher for Genting Malaysia Bhd (GenM) following its foray into Empire Resort Inc in the US. The company has invested US$624.4 million (RM2.74 billion) in its 49%-owned Empire over the last four years. GenM’s latest exercise announced last week will see it invest another US$100 million in convertible preferred stocks issued by Empire. With the latest investment, its stake in Empire will increase to 76.3% if the convertible instruments are not redeemed. The New York-based...

Bursa Malaysia Bhd has maintained that voting for or against a resolution is an inherent right of shareholders, and that it advocates adequate disclosures to promote a transparent and fair market in formulating its regulatory framework.

PETALING JAYA: The takeover offer by the Lee family for Mulpha International Bhd confirms the notion that bearish market conditions can lead to more privatisations or buyouts of public listed companies.

FIVE years since Bursa Malaysia introduced the Leading Entrepreneur Accelerator Platform (LEAP) to give start-ups and small and medium enterprises (SME) an alternative platform to raise capital, there is finally momentum on the long-awaited framework to facilitate the transfer of eligible listings from LEAP to the ACE Market.

KUALA LUMPUR: Sapura Energy Bhd’s (pic) group chief executive officer (CEO) and a major shareholder’s move to raise their stakes in the Practice Note 17 (PN17) company is a positive sign for existing shareholders and the financially distressed oil and gas support service provider, according to BIMB Securities Research analyst Azim Faris Abdul Rahim.

Greenwashing among firms must stop, say observers

Bursa considering operating on sudden off days

Informed decisions crucial in trading of the stock