Auto parts makers and distributor EP Manufacturing Bhd's share price jumped as much as 33.09 per cent or 23.5 sen in morning trade today, after the company said it received conditional approval to manufacture and assemble electric vehicles yesterday. (NST)

Scientex Bhd's indirect subsidiary Scientex Lestari Sdn Bhd has entered into a conditional sales and purchase agreement with Seriemas Development Sdn Bhd for the proposed acquisition of six parcels of freehold land in Mukim Senai in Kulai, Johor, for RM299.84mil. (TheStar)

Mah Sing Group Bhd topped out M Oscar, a condominium project in Sri Petaling, Kuala Lumpur, on Monday (July 10). (TheEdge)

Axiata Group Bhd, Malaysia’s biggest wireless carrier by revenue, plans to sell stakes in some of its businesses and list its technology units to reduce debt taken to fund the acquisition of telecom assets overseas. (TheStar)

SkyWorld Development Bhd, which has launched 13 grand-scale projects to-date, plans to launch 10 new developments between the second half of 2023 and 2026 with a combined gross development value (GDV) of RM4.08bil. (TheStar)

Eco World Development Group Bhd’s (EcoWorld) outlook in the near term is supported by an upcoming capital distribution by 27%-owned associate, Eco World International Bhd (EWI), says UOB Kay Hian (UOBKH) Research. (TheStar)

The termination of power supply to Cahya Mata Sarawak Bhd's Samalaju plant is expected to have a limited impact on the group's financials given that the subsidiary has yet to commence commercial operations, says MIDF Research. (TheStar)

Manufacturing and construction firm Central Global Bhd (CGB) has proposed to acquire the remaining 30% stake in RYRT International Sdn Bhd for RM13.26 million, via the issuance of shares in the group at RM1.30 per share. (TheEdge)

Ikhlas Kamarudin has ceased to be a substantial shareholder of Citaglobal Bhd, after disposing of a 5.5% stake via Citaglobal Energy Resources Sdn Bhd (CERSB) for RM29.9 million. (TheEdge)

Boo Kuang Loon, an executive director of Bursa Malaysia-listed Yong Tai Bhd, has paid S$1.5 million for 32.97% of Sunrise Shares Holdings, paying 2.17 (Singaporean) cents per share to Sunrise Wealth Management. (TheEdge)

PublicInvest Research has valued ACE Market-bound Daythree Digital Bhd (Daythree) at 40 sen based on a 20x PE multiple to its FY24F EPS of two sen. (TheEdge)

ACE Market-bound KJTS Group Bhd is exercising an initial public offering (IPO) to fund the expansion of its cooling energy segment and offices in Malaysia, Thailand and Singapore. (TheEdge)

Sin-Kung Logistics Bhd targets an initial public offering (IPO) and listing on the ACE Market of Bursa Malaysia to fund its warehousing and distribution services’ expansion. (TheEdge）

Source: New Straits Times, The Edge Markets, The Star 11 July 2023

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