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SCIB fixes private placement price

KUCHING: Sarawak Consolidated Industries Bhd (SCIB) has fixed the second tranche of its private placement at RM0.3031 per placement share. he issue price represents a discount of approximately 9.98 per cent to the 5-day volume weighted average market price of SCIB shares for the last five market days up to and including June 14, 2023 […]

Research firms remain positive on MR DIY’s earnings prospects

KUALA LUMPUR: Analysts remain optimistic about MR DIY Group (M) Bhd’s store expansion strategy to defend its market share as the leading home improvement retailer. In a filing with Bursa Malaysia yesterday, the group announced that its net profit in the first quarter ended March 31, 2023 (1Q 2023) rose to RM127.77 million from RM100.50 […]

Reneuco to issue RCB

KUCHING: Reneuco Bhd (formerly known as KPower Bhd) proposed to undertake an issuance of redeemable convertible bonds (RCB), which will be divided into four main tranches, with an aggregate nominal value of up to RM350 million. According to Reneuco in a filing with Bursa Malaysia, the RCB will mature on the date falling 36 months […]

New transfer of listing framework introduced

KUALA LUMPUR: Bursa Malaysia Securities Bhd (Bursa Malaysia) yesterday issued amendments to the ACE Market Listing Requirements (ACE LR) in relation to the transfer of listing framework from the LEAP Market to the ACE Market (LEAP Market Transfer Framework) which will facilitate eligible LEAP Market listed corporations to graduate to the ACE Market. The amendments […]

Bursa continues slide after weaker US biz confidence

KUALA LUMPUR: Bursa Malaysia continued to be under pressure as Wall Street closed on a downbeat note following the latest economic data showing weaker business confidence. At 9.18 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.82 points to 1,448.37 from Tuesday’s closing of 1,454.19. The index opened 0.19 of-a-point higher at 1,454.38. […]

Bintulu Port FY2022 revenue rises to RM791.26 mln

KUALA LUMPUR: Bintulu Port Holdings Bhd’s net profit for the financial year ended Dec 31, 2022 (FY2022) fell to RM127.72 million from RM363.19 million a year ago. Revenue, however, rose by 8.63 per cent to RM791.26 million from RM728.39 million previously contributed by higher revenue from port’s services at Bintulu Port, Samalaju Industrial Port and […]

Bursa Malaysia’s net profit expected to grow

KUALA LUMPUR: CGS-CIMB Research expects Bursa Malaysia Bhd to post a net profit growth of around 5.5 per cent for the financial year ending Dec 31, 2023 (FY2023), from a decline of 36.3 per cent in FY2022. In a note yesterday, it said the forecast was partly due to the absence of the one-off prosperity […]

Borneo Oil Bhd fixes issue price of placement share

KUCHING: Borneo Oil Bhd (BOB) has fixed the issue price for the first tranche of its private placement at RM0.0223 per placement share. The issue price represents a discount of approximately 9.72 per cent to the 5-day volume weighted average price (VWAP) of BOB shares up to and including July 28, 2022, being the last […]

Borneo Oil Bhd: RM24.74m enough for funding needs

KUCHING: Borneo Oil Bhd (BOB) thinks that the gross proceeds of up to RM24.74 million which is expected to be raised from its proposed private placement exercise is adequate to address the group’s funding requirements for the time being. The group is undertaking the proposed private placement to defray the general working capital expenses for […]

F&N proposes to acquire remaining shares in Cocoaland for RM488.15 mln

KUALA LUMPUR: Fraser and Neave Holdings Bhd (F&N) is proposing to acquire the entire equity interest in Cocoaland Holdings Bhd not already owned by F&N for RM488.15 million, and subsequently, the privatisation of Cocoaland, to be undertaken by way of a members’ scheme of arrangement. In a filing with Bursa Malaysia today, F&N said Cocoaland’s board is to […]