MQ Market Updates - 03 February 2025
MQ Market Updates - 03 February 2025
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AMMB Holdings Bhd (AMBANK) and MetLife International Holdings LLC have mutually agreed to terminate the proposed disposal of their jointly owned insurance and takaful businesses to Great Eastern Holdings Ltd, a deal initially valued at about RM1.12 billion.
SD Guthrie Bhd's (SDG) wholly owned downstream arm SD Guthrie International Ltd (SDGI) has acquired a 48% equity interest in Netherlands-based Marvesa Supply Chain Services BV for €54 million (RM250 million) from Dutch private equity firm, Parcom.
Malakoff Corp Bhd (MALAKOF) has acquired the remaining 51% stake in ZEC Solar Sdn Bhd and the remaining 49% stake in TJZ Suria Sdn Bhd from Zelleco Engineering Sdn Bhd.
Datasonic Group Bhd (DSONIC) has been on a positive run of winning contracts, including its recent letter of extension (LoE) from the Home Affairs Ministry worth RM104.78mil.
Steel Hawk Bhd (SKHAWK) has secured a contract extension for the provision of onshore facilities maintenance, construction and modification services from PETRONAS Carigali Sdn Bhd (PCSB).
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