MQ Market Updates - 16 May 2024 

2024-05-16 18:17:40
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MQ Market Updates - 16 May 2024 

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Property developer UEM Sunrise Bhd (KL:UEMS) and its partners plan to develop a 40-acre renewable energy industrial park in Iskandar Puteri, Johor. (TheEdge)

ACE Market-bound Smart Asia Chemical Bhd’s public portion shares under its initial public offering (IPO) have been oversubscribed by 37.98 times. (TheStar)

The planned privatisation of Malaysia Airports Holdings Bhd (MAHB) will further enhance its competitiveness and consequently stimulate economic growth through its network of airports, analysts said. (NST)

A three-member Court of Appeal bench on Thursday upheld a High Court decision given two years ago, which had dismissed an Inland Revenue Board (IRB) claim of taxes amounting to RM1.8 billion against Tenaga Nasional Bhd (KL:TENAGA). (TheEdge)

Sarawak Energy Bhd (SEB), the Sarawak-owned electric utility company, aims to generate 10,000 megawatts (MW) of energy by the end of 2030 and expand business beyond Borneo. (NST)

Source: NST, TheEdge, TheStar

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