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BASED on data compiled by The Edge, 175 companies — or 19% of the 923 companies listed on Bursa Malaysia’s Main Market and ACE Market — have successfully raised a total of RM8.1 billion from their private placements this year, the largest in Malaysia’s history. The private placements alone exceeded the total secondary fundraising of RM8 billion in 2020.
KUALA LUMPUR (July 11): Grand-Flo Bhd has changed its name to NCT Alliance Bhd. Executive chairman and group managing director Datuk Seri Yap Ngan Choy said the new corporate name is in line with the group’s aspiration to position NCT Alliance as a leading property developer with specialisation in the rehabilitation of abandoned projects. "It marks a new beginning for us as we leverage on our core capabilities in the property sector. “The recent acquisition is the first step towards becoming one of the top 10 developers in the country,” he said in a statement today. To date, NCT Allia...
Bursa Malaysia rebounded from last week's losses to open firmer today as investors heaved a sigh of relief after learning that most businesses and factories are allowed to operate under the tightened movement control order (MCO 3.0).
KUALA LUMPUR (March 6): As the penny stock fever cools, trading interest appears to have shifted to small- and mid-cap companies, with more share price spikes seen across this segment recently. One company whose shares were among the most sought after this week was loss-making IT company Dataprep Holdings Bhd. Over the week, Dataprep shares jumped 92.79% or RM1.03 to emerge as the top gainer in percentage change, being only second behind Malaysia Pacific Industries Bhd (MPI) in terms of weekly change by value. The counter breached the RM2 mark this week and hit a record high of RM2.27 bef...
KUALA LUMPUR (March 2): Based on corporate announcements and news flow today, companies in focus on Wednesday (March 3) may include Tenaga Nasional Bhd (TNB), UWC Bhd, Grand-Flo Bhd, CB Industrial Product Holdings Bhd (CBIP), Advancecon Holdings Bhd, TH Heavy Engineering Bhd (THHE), Techfast Holdings Bhd, Kanger Holdings Bhd and Mieco Chipboard Bhd. Tenaga Nasional Bhd ( TNB) via wholly-owned subsidiary TNB Renewables Sdn Bhd has entered into a binding term sheet of collaboration with Singapore-based Sunseap Group to tap into the renewable energy (RE) and corporate power purchase agreemen...