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Bursa Malaysia Securities Bhd has publicly reprimanded Tye Lim Huat for prohibited or unlawful trading activities and other misconduct. The stock exchange regulator said it also imposed a fine of RM667,500 on Tye and ordered the dealer’s representative to be struck off the Bursa Malaysia Securities register.
RECENT news about hard disk drive (HDD) maker JCY International Bhd losing a major customer has put investors on the alert. There are concerns that a scaling back on buying by HDD producers as they embark on a rationalisation of their supply chain may hurt the market. Apart from Johor-based JCY, the two other listed HDD players are Dufu Technology Corp Bhd and Notion VTec Bhd. Industry experts are of the view that JCY’s announcement does not reflect the situation in the entire HDD market, citing competition and pricing as possible reasons for the JCY customer’s decision. No reason was pro...
KUALA LUMPUR (Jan 15): Based on corporate announcements and news flow today, stocks that may be in focus on Monday (Jan 18) include: KNM Group Bhd, Kanger International Bhd, SKP Resources Bhd, Batu Kawan Bhd, Chemical Company of Malaysia Bhd (CCM), Daya Materials Bhd, Samaiden Group Bhd, MESB Bhd, Seacera Group Bhd, AT Systemization Bhd, Notion-VTec Bhd, Tenaga Nasional Bhd (TNB), Genting Malaysia Bhd (GenM) and FGV Holdings Bhd. KNM Group Bhd plans to raise up to RM54.93 million via a private placement to pay off its bank borrowings and to fund some ongoing projects. The process equipment ma...