Uzma Bhd's subsidiary, Jannatul Firdaus International Sdn Bhd has entered into an expression of interest (EOI) with Arafura Energies Ltd and Australian Niugini Services for the sale and purchase of hydrocarbon fuel and product. (NST)

The public issue of Well Chip Group Bhd's initial public offering has been oversubscribed 12.87 times. (TheStar)

Construction and trading group Pesona Metro Holdings Bhd (KL:PESONA) said it is diversifying into property development through the acquisition of a 51% stake in the developer of a high-rise residential project in Bukit Jalil, for RM40.8 million in cash. (TheEdge) 

Hektar Asset Management Sdn Bhd, the manager of Hektar Real Estate Investment Trust (Hektar Reit), announced yesterday the completion of the acquisition of Kolej Yayasan Saad Melaka (KYSM), a fully residential and co-educational private school, for RM148.5 million. (NST)

The shares of Astro Malaysia Holdings Bhd fell below the 52-week low to 28 sen a share today after the Inland Revenue Board (IRB) imposed RM734.9 million in additional taxes on its units from 2019 to 2023. (NST)

G3 Global Bhd was among the most actively traded stock today after it won a 30-year concession from the Maldives government. (NST)

Atlan Holdings Bhd (KL:ATLAN) reported a slight increase of 2.34% in its net profit for the first quarter ended May 31, 2024 (1QFY2025), driven by higher revenue contribution from all its business segments. (TheEdge)   

QL Resources Bhd’s proposed one-for-two bonus shares will encourage trading liquidity and affordability of the company’s shares on the Main Market of Bursa Malaysia, apart from rewarding shareholders. (TheStar)

One of the most promising prospects of EPB Group Bhd is its initiative involving robotic solutions for food processing and packaging that is aimed at mitigating labour shortages. (TheStar)

Keyfield International Bhd said its wholly-owned subsidiary Keyfield Offshore Sdn Bhd has handed over Keyfield Helms 1 (KH1), a DP2 geotechnical vessel, to Helms Geomarine Sdn Bhd (HGSB) to commence its charter. (TheStar)

BWYS Group Bhd’s initial public offering (IPO) has been oversubscribed by 48.51 times ahead of its listing on the ACE Market of Bursa Malaysia on July 22. (TheStar)

Shares in Shin Yang Group Bhd (KL:SYGROUP) rose to their highest in 20 months on Friday morning, following a proposal by the Ling family behind the shipping company to inject their car dealership business in East Malaysia. (TheEdge) 

Source: New Straits Times, The Edge Markets The Star 12 July 2024

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