MQ Market Updates - 16 April 2024

2024-04-16 17:59:35

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Capital A Bhd yesterday denied plans for a US$400 million private placement of its shares, while confirming that its aviations business is exploring a fundraising exercise. (NST)

Pharmaceutical company Apex Healthcare Bhd has committed to reinvest 5% of its total manufacturing revenue into the research and development (R&D) of new products moving forward. (TheEdge)

Prospects are bright for power distribution system provider HE Group Bhd (HEG) as it stands to benefit from rising foreign direct investment (FDI), given its exposure to semiconductors and data centres. (TheStar)

CTOS Data Systems Sdn Bhd says its business has not been unaffected by a recent court decision, and it continues to operate as usual. (NST)

Carlo Rino Group Bhd has filed for an initial public offering (IPO) that would raise more funds for the apparel company as part of its listing transfer to the ACE Market from the LEAP Market. (TheEdge)

Source: NST, TheEdge, TheStar

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Disclaimer: This information does not represent a BUY or SELL recommendation on the stock covered. Traders and Investors are encouraged to do their own analysis on stocks instead of blindly following any Trading calls raised by various parties on the Internet

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