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KUALA LUMPUR, Nov 23 — Pacific & Orient Bhd (POB) and its subsidiary, Pacific & Orient Insurance Co Bhd, has disposed of an aggregate of 14 million ordinary shares in Ancom...
ANCOM Bhd is hoping to capitalise on a ban on paraquat use in Thailand and Brazil as it believes its products to be good substitutes and well accepted in those markets. After the toxic chemical was banned in Thailand and Brazil in 2020, a huge vacuum was created in the two big markets, observes Ancom group CEO Lee Cheun Wei. “Paraquat was banned in these countries because it was classified as class-1 poison. This is a favourable situation for us because we see tremendous opportunity in these replacement markets,” he tells The Edge in an interview.
Based on corporate announcements and news flow on Friday, companies in focus next Monday may include CTOS Digital Bhd, Malton Bhd, Pavilion Real Estate Investment Trust, Pacific & Orient Bhd, Carimin Petroleum Bhd, Global Oriental Bhd, and Cuscapi Bhd.