MQ Market Updates

MQ Market Updates - 01 September 2023

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Publish date: Fri, 01 Sep 2023, 05:12 PM

Hibiscus Petroleum Bhd and Ping Petroleum UK Plc have each entered into a separate but identical farm-in agreement to take over 42.5% equity interest each in Licence P2451 from Rapid Oil Production Ltd. (TheEdge)

Datasonic Group Bhd's net profit surged 58.21 per cent to RM19.04 million for the first quarter ended June 30, 2023 (1QFY2024) from RM12.03 million a year earlier. (NST)

Sersol Bhd has suspended its chief executive officer (CEO) Datuk Justin Lim Hwa Tat, effective August 30, for insubordination. (NST)

MGB Bhd's subsidiary, MGB International for Industry (MGBI) has inked a memorandum of collaboration (MOC) with Italy's Nordimpianti System S.R.L. and MCT Italy S.R.L. to improve efficiency of machinery and optimise operations of MGBI's factory that produces IBS precast concrete products in Jeddah, Kingdom of Saudi Arabia. (NST)

Solarvest Holdings Bhd's wholly-owned subsidiary Solarvest Borneo Sdn Bhd is exploring a collaboration with Centre for Technology Excellence Sarawak (Centexs), Huawei Technologies (Malaysia) Sdn Bhd and GreenBay CES Sdn Bhd towards developing the hyperscale green data centre industry in Borneo. (TheStar)

NationGate Holdings Bhd's factory in Seberang Perai, Penang, will house xFusion international Pte Ltd's maiden global supply centre, as part of their partnership to manufacture graphics processing unit (GPU) servers for the global market. (TheStar)

WCE Holdings Bhd is targeting the four sections of the West Coast Expressway (WCE) which are currently in the construction phase, to be completed by the end of its current financial year, ending March 31, 2024 (FY2024). (TheEdge)


Source: New Straits Times, The Edge Markets, The Star 01 September 2023

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