MQ Market Updates - 18 June 2024

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2024-06-18 18:02:06

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Sheet metal products manufacturer and scaffoldings supplier BWYS Group Bhd’s (KL:BWYS) initial public offering (IPO) on the ACE Market of Bursa Malaysia is making available 256.3 million new shares, as well as an offer for sale of 100 million existing shares, at 22 sen apiece. (TheEdge)

Berjaya Food Berhad (BFood), which continues to face challenges with its Malaysian Starbucks franchise, is expanding its food and beverage (F&B) business by introducing the South Korean bakery café, Paris Baguette, to Brunei. (NST)

BM Greentech Bhd (BMG) has signed a term sheet with the shareholders of solar firm Plus Xnergy Holding Sdn Bhd (PXH) to acquire the company for RM110 million, to be paid with new shares in BMG. (NST)

Genting Malaysia Bhd's share price opened one sen lower at RM2.55 a share before rebounding, in its first trading day after a fire broke out at Sky Avenue, Resorts World Genting last Friday. (NST)

Berjaya Corp Bhd has inked two memoranda of strategic collaboration in the fields of smart technologies and new energy vehicles (NEV) respectively in an effort to expand across these vital sectors in Malaysia and the broader Asean region. (TheStar)

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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