MQ Market Updates - 22 July 2024

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2024-07-22 18:02:51

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Sheet metal product manufacturer and scaffolding supplier BWYS Group Bhd's shares surged more than 65% on its debut on the ACE Market of Bursa Malaysia, showing strong investor demand in the new stock despite a lacklustre market. (TheStar)

Protasco Bhd's share price fell 12.5 per cent after it signed a share sale agreement (SSA) with Star Teenagers International Sdn Bhd for the disposal of Ikram Education Sdn Bhd for RM30 million. (NST)

Majority shareholders of hotel operator Grand Central Enterprises Bhd (GCEB) are proposing to take the company private and de-list it from the Main Market of Bursa Malaysia for 46-sen a piece. (NST)

Genting Plantations Bhd's land acquisition in Indonesia is expected to increase its net debt and net gearing to RM1.7 billion and 0.32 times, respectively, from RM1.2 billion and 0.22 times previously. (NST)

Malaysian mobile data service company U Mobile is planning a domestic initial public offering (IPO) that is expected to raise more than $500 million as early as the first half of 2025, according to two sources with direct knowledge of the matter. (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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