MQ Market Updates - 16 July 2024
MQ Market Updates - 16 July 2024
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The public issue of Kucingko Bhd's initial public offering (IPO) of 25 million shares made available to the Malaysian public has been oversubscribed 99.02 times. (TheStar)
Shares in Citaglobal Bhd jumped 10% on Tuesday on news it had entered into a joint development framework agreement (JDFA) with SUS Holding Limited, a wholly-owned subsidiary of ultimate holding company Shanghai SUS Environment Co Lt (SUS Environment). (TheStar)
Malayan Banking Bhd (Maybank) has signed a five-year memorandum of understanding (MoU) with the Forest Research Institute Malaysia (FRIM) to reforest a five-hectare ex-mining plot at FRIM’s Bidor Research Station in Perak, with an option to extend the MoU for another five years. (TheStar)
KIMLUN Corporation Bhd's joint venture (JVco) with Astaka Holdings Bhd to develop a serviced apartment near the Johor Bahru-Singapore Rapid Transit System (RTS) Link is set to raise its total orderbook to RM3.5 billion. (NST)
The takeover offer for Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT) is expected to be finalised in the third quarter of this year (3Q2024), and it needs to be approved by at least 90% of MAHB's existing shareholders, the Ministry of Finance (MOF) said. (TheEdge)
Source: NST, TheEdge, TheStar
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