MQ Market Updates - 5 December 2024
MQ Market Updates - 5 December 2024
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Deleum Bhd (DELEUM) has acquired a 70% stake in PT OSA Industries Indonesia for US$7 million, enhancing its valve solutions capacity in Southeast Asia. The acquisition could significantly expand its market size for control and pressure relief valves.
Cropmate Bhd (CRPMATE) debuted on Bursa Malaysia's ACE Market at 24.5 sen, a 22.5% premium over its IPO price of 20 sen, raising RM42 million for its operations and expansion.
The Public Accounts Committee is scrutinizing Boustead Holdings Bhd (BSTEAD) regarding undisclosed land sales linked to a shelved development plan.
TMC Life Sciences Bhd (TMCLIFE) reported that its suspended CEO was found guilty of misconduct.
Apollo Food Holdings Bhd (APOLLO) shares surged after announcing a 30 sen dividend following strong second-quarter results.
Source: NST, TheEdge, TheStar
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