Mercury Securities Group Berhad, the first stockbroking company to seek and gain an initial public offering (IPO) listing in Bursa Malaysia in the last 20 years, expects to raise RM39.27 million through the issuing of 157.09 million shares at 25 sen per share. (NST)

Sime Darby Property Bhd has revised up its sales target of RM2.3 billion to RM2.7 billion, and its gross development value (GDV) launch target of RM3.0 billion to RM4.0 billion, for the financial year ending Dec 31, 2023, (FY2023) given its strong sales momentum in the first half of the year. (NST)

Tenaga Nasional Bhd (TNB) has set in motion plans to support the country’s net-zero aspirations, said chairman Datuk Abdul Razak Abdul Majid. (TheStar)

Genting Bhd should enjoy improved sequential earnings in the second half of 2023, as visitation to its casinos in Singapore and Las Vegas improves on seasonality and major events, according to Maybank Investment Bank (Maybank IB). (TheEdge)

Mah Sing Group Bhd registered property sales of RM1.2bil in the first half of 2023, which puts it on track to hitting a minimum target of RM2.2bil in sales for the year. (TheStar)

As it wraps its 2023 financial year, IOI Properties Group Bhd said the operating environment both within and outside Malaysia will continue to face headwinds. (TheStar)

Source: New Straits Times, The Edge Markets, The Star 28 August 2023

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