MQ Market Updates - 11 November 2024

2024-11-11 17:44:24

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Shares of Mega Fortris Bhd (KL:MEGAFB) were flat on their trading debut on Monday, after the security seals maker’s initial public offering (IPO) on the Main Market of Bursa Malaysia raised nearly RM200 million. (TheEdge)

Xin Hwa Holdings Bhd today said the suspension of the goods carrying license for its major subsidiary, Xin Hwa Trading & Transport Sdn Bhd, for three months could see it lose up to five per cent of its revenue for the year. (NST)

Destini Bhd's wholly owned subsidiary, Destini Prima Sdn Bhd (DPSB) has secured a RM33.05 million contract from the Ministry of Defence to provide maintenance services for safety and survival equipment for airborne equipment. (TheStar)

Kerjaya Prospek Group Bhd’s wholly owned subsidiary, Futuprop Sdn Bhd, has formed a joint venture and shareholders' agreement with Aspen Vision Development Sdn Bhd to undertake a mixed development on a 36-acre plot of land in Seberang Perai Tengah, Penang. (TheStar)

A takeover offer on the table for Sabah-based property developer WMG Holdings Bhd (KL:WMG) is “not fair and not reasonable”, and shareholders should reject the deal, according to an independent adviser. (TheEdge)

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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