Deleum Bhd (DELEUM) has acquired a 70% stake in PT OSA Industries Indonesia for US$7 million, enhancing its valve solutions capacity in Southeast Asia. The acquisition could significantly expand its market size for control and pressure relief valves.

Cropmate Bhd (CRPMATE) debuted on Bursa Malaysia's ACE Market at 24.5 sen, a 22.5% premium over its IPO price of 20 sen, raising RM42 million for its operations and expansion.

The Public Accounts Committee is scrutinizing Boustead Holdings Bhd (BSTEAD) regarding undisclosed land sales linked to a shelved development plan.

TMC Life Sciences Bhd (TMCLIFE) reported that its suspended CEO was found guilty of misconduct.

Apollo Food Holdings Bhd (APOLLO) shares surged after announcing a 30 sen dividend following strong second-quarter results.

Genting Bhd (GENTING) and Genting Malaysia Bhd (GENM) may be removed from the FTSE Bursa Malaysia KLCI in the upcoming index review.

Gamuda Bhd (GAMUDA) has started constructing two primary schools in its Gamuda Cove township.

MN Holdings Bhd (MNHLDG) is expected to achieve record contract wins, surpassing last year's RM349 million, according to Phillip Capital.

LPI Capital Bhd (LPI) received a takeover offer at RM9.80 per share from the estate of the late Tan Sri Teh Hong Piow.

Supermax Corporation Bhd (SUPERMX) shares rose due to a positive outlook for its US facility and increased glove production.

Sentoria Group Bhd (SNTORIA) has triggered Bursa Malaysia's PN17 criteria based on its recent financial statements.

Source: New Straits Times, The Edge Markets, The Star 5 December 2024

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