MQ Market Updates - 11 December 2024
MQ Market Updates - 11 December 2024
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SumiSaujana Group Bhd has received approval for its IPO on the ACE Market from Bursa Malaysia, following a draft prospectus filed in August. The timeline for the listing remains unspecified, but the company has six months to complete the IPO from the approval date.
Axiata Group Bhd (AXIATA) has signed an agreement with Sinar Mas to merge their Indonesian units, creating a company with US$2.8 billion in revenue. Trading of Axiata Group Bhd shares will be suspended from 9am to 5pm on Wednesday pending a material announcement regarding this merger.
TP TEC Holding Bhd (TPTEC) debuted on the LEAP Market at 13 sen, a 30% premium over its IPO price of 10 sen.
FGV Holdings Bhd (FGV) announced the termination of its agreement with Baladna Food Industries due to unmet conditions for a dairy farm project.
SkyWorld Development Bhd (SKYWLD) saw its share price rise to 71.5 sen after signing agreements for a major affordable housing project.
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.
