MQ Market Updates - 9 December 2024
MQ Market Updates - 9 December 2024
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Swift Energy Technology Bhd (SET) is accepting applications for its IPO, aiming to raise over RM84 million on the ACE Market. The IPO is priced at 28 sen per share, offering 250.2 million new shares and 50.04 million existing shares, representing a 25% stake in the company.
GFM Services Bhd (GFM) has signed an agreement to explore acquiring a 45% stake in Shapadu Energy Sdn Bhd for RM30 million cash, enhancing its position in the oil-and-gas sector.
UEM Sunrise Bhd (UEMS) has received planning approval for a RM1.2 billion build-to-rent project in Melbourne, marking a significant investment in the Australian market.
Progressive Impact Corporation Bhd (PICORP) is enhancing its services to support Malaysia's halal initiative, aiming to strengthen its position as a trusted halal partner.
Malayan Flour Mills Bhd (MFLOUR) faces a RM70 million fine for price-fixing, as announced by its joint venture, Dindings Poultry Development Centre Sdn Bhd.
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.
