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KUALA LUMPUR: Bursa Malaysia opened Tuesday on a stronger footing, in line with Wall Street’s rebound, while the FBM KLCI is expected to trade within the range of 1,730 to 1,750 points today.
KUALA LUMPUR: Bursa Malaysia dibuka rendah pada Khamis apabila pelabur mengambil untung susulan kenaikan sebelum ini serta menilai kesan keputusan Rizab Persekutuan Amerika Syarikat (Fed) untuk mengekalkan kadar faedah.
KUALA LUMPUR: Bursa Malaysia opened lower on Thursday as investors booked profits from recent gains and assessed the impact of the US Federal Reserve (Fed) decision to keep interest rates unchanged.
NexG Bhd saw volatile trading amid new contracts and acquisitions, while Tan Sri Tan Kean Soon's resignation at T7 Global triggered significant share price drops. Other executives also faced leadership changes or share disposals, highlighting market uncertainty and investor concerns over company performance and governance.
NexG Bhd’s (KL:NEXG) streak of government contract wins has stunned investors. It secured four contracts that are worth slightly more than RM2.5 billion within two months.
Not only that, investors might also find the company’s corporate exercises mind-boggling. Formerly known as Datason...
Globetronics Technology Bhd (KL:GTRONIC) has proposed a bonus issue of up to 368.49 million warrants, offering one warrant for every two existing shares held.
South Malaysia Industries Bhd (KL:SMI) has filed a fresh bid to challenge the Securities Commission Malaysia's (SC) decision to allow six directors nominated by its offeror Target 1 Sdn Bhd to be appointed to the company’s board before the dispatch of the official takeover offer document.
Classita Holdings Bhd (KL:CLASSITA), which is set to be renamed NexG Bina Bhd, clarified on Thursday that the proposed selling price for its 49% stake in its lingerie business is not fixed at RM34.1 million, contrary to earlier reports.
Classita Holdings Bhd (KL:CLASSITA), soon to be NexG Bina Bhd, is selling non-core assets, including part of its long-standing lingerie business, to fund property projects, aligning with new major shareholder NexG Bhd’s (KL:NEXG) focus on property and construction.
A company’s name is generally synonymous with its controlling shareholder. Think Robert Kuok Hock Nien and PPB Group Bhd (KL:PPB), Tan Sri Leong Hoy Kum and Mah Sing Group Bhd (KL:MAHSING), Tan Sri Syed Mokhtar Albukhary and DRB Hicom Bhd (KL:DRBHCOM) or even Tan Sri Lim Wee Chai and Top Glove Co...
NexG Bhd (KL:NEXG), formerly known as Datasonic Group Bhd, saw its share price plunge as much as 31% last Monday — its lowest in four months — after it announced that it had acquired a 32.61% stake in Classita Holdings Bhd (KL:CLASSITA) plus warrants.
NexG, which supplies passport bookl...
Notable filings
Notable shareholding changes at Bursa Malaysia-listed companies from July 30 to Aug 8 included those at Classita Holdings Bhd (KL:CLASSITA), formerly known as Caely Holdings Bhd, which saw Hong Seng Consolidated Bhd (KL:HONGSENG) dispose of 402.06 mill...
Over the last 12 months, NexG Bhd (KL:NEXG), formerly known as Datasonic Group Bhd, had spent a total of RM187 million to acquire stakes in three companies, two of them publicly listed.
Classita Holdings Bhd (KL:CLASSITA) plans to change its name to NexG Bina Bhd after NexG Bhd (KL:NEXG) became its largest shareholder. The company has also appointed former Inspector General of Police Tan Sri Razarudin Husain as its new independent, non-executive chairman.
KUALA LUMPUR: Stocks to watch today include Skyworld Development Bhd, Paramount Corp Bhd, Able Global Bhd, Hong Seng Consolidated Bhd, Favelle Favco Bhd, Vestland Bhd, Sentoria Group Bhd and Mieco Chipboard Bhd.