Reservoir Link Energy Bhd's subsidiary, Founder Group Limited (FGL), has priced its initial public offering (IPO) at US$4.00 per share, raising gross proceeds of US$4.875 million. (NST)

Sabah-based construction outfit Azam Jaya Bhd, which is listing on Bursa Malaysia's Main Market at 78 sen per share, has a fair value of RM1.54 apiece, said TA Securities. (TheEdge)

Glomac Bhd has urged the government to allow more time for industry players to prepare for the proposed policy requiring foreign workers to contribute to the Employees Provident Fund (EPF). (NST)

UEM Edgenta Bhd's subsidiary, Opus International (M) Bhd, and HSS Engineering Sdn Bhd (HSSE) have signed a Joint Venture and Shareholders' Agreement (JVSA) to drive expansion into high-growth infrastructure markets in Southeast Asia and the Middle East. (NST)

Contract manufacturer Ge-Shen Corp Bhd has received shareholder approval for its diversification into the electronic manufacturing services (EMS) industry and the acquisition of Local Assembly Sdn Bhd (LA) at its EGM yesterday. (TheStar)

Kerjaya Prospek Group Bhd via its subdsidiary has secured contracts worth a combined RM34.43mil for works at two separate projects in Selangor and Pulau Pinang respectively. (TheStar)

Shares in Gamuda Bhd jumped over 2% on Wednesday to a fresh record high as it extended gains over the previous day on the back of its RM4.3bil mass rapid transit (MRT) project win in Taiwan. (TheStar)

Capital A Bhd has proposed for a capital reduction  of up to RM6 billion as part of its plan to regularise its financial condition. (NST)

Shopping malls under Pavilion Real Estate Investment Trust (KL:PAVREIT) and KLCC Stapled Group (KL:KLCC) still reign supreme in the luxury market even after The Exchange TRX Mall opened to much fanfare, said Kenanga Investment Bank. (TheEdge)

Kenanga Investment Bank Bhd has maintained its forecast for Malaysia's gross domestic product growth at 5.0 per cent for 2024 and expects it to moderate to 4.8 per cent in 2025. (NST

Source: New Straits Times, The Edge Markets, The Star 23 October 2024

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