MQ Market Updates - 23 October 2024

2024-10-23 17:35:08

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Reservoir Link Energy Bhd's subsidiary, Founder Group Limited (FGL), has priced its initial public offering (IPO) at US$4.00 per share, raising gross proceeds of US$4.875 million. (NST)

Sabah-based construction outfit Azam Jaya Bhd, which is listing on Bursa Malaysia's Main Market at 78 sen per share, has a fair value of RM1.54 apiece, said TA Securities. (TheEdge)

Glomac Bhd has urged the government to allow more time for industry players to prepare for the proposed policy requiring foreign workers to contribute to the Employees Provident Fund (EPF). (NST)

UEM Edgenta Bhd's subsidiary, Opus International (M) Bhd, and HSS Engineering Sdn Bhd (HSSE) have signed a Joint Venture and Shareholders' Agreement (JVSA) to drive expansion into high-growth infrastructure markets in Southeast Asia and the Middle East. (NST)

Contract manufacturer Ge-Shen Corp Bhd has received shareholder approval for its diversification into the electronic manufacturing services (EMS) industry and the acquisition of Local Assembly Sdn Bhd (LA) at its EGM yesterday. (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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