The FBM KLCI staged a relief rally today, breaking a three-day losing streak. The benchmark index climbed 9.65 points or 0.62% to close at 1,571.82, as investors look for oversold counters following the recent sell-down.
Bursa Malaysia ended the morning session in positive territory as investors revisited the local equity market after full lockdown fears ease. At 12.30pm, benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 11.24 points, or 0.72% to 1,573.41 from 1,562.17 at last Friday's close.
KOTA KINABALU: The Malaysian distributor of the Sinopharm Covid-19 vaccine has pledged to donate 5,000 doses to the Sabah government.
Kanger International Bhd, a Malaysia-based investment holding company, also donated RM200,000 to the state government to help curb the pandemic.
Chief Minister Datuk Seri Hajiji Noor thanked the firm for their contribution while receiving a mock cheque from the company s executive director Steven Kuah Choon Ching on Friday (May 21) at the Sabah Administrative Centre building.
Hajiji said, however, the state government would only accept Kanger s offer of the Sinopharm vaccine once it has been given the green light from the National Pharmaceutical Regulatory Agency (NPRA) of the Health Ministry.
KUALA LUMPUR (April 26): ACE-Market listed Kanger International Bhd is buying a 51% stake in building materials supplier Sung Master Holdings Sdn Bhd for RM94.8 million.
The group has inked a conditional share sale agreement with Sung Master’s shareholders and directors, namely Sii Tung Nai, Sii Tung Aik and Lim Shwu Huey, for the purchase. The proposed acquisition will be satisfied by a combination of cash of RM52 million and the issuance of 713.2 million new Kanger shares at six sen apiece for the remaining RM42.8 million, Kanger said in a statement.
The RM52 million cash will be partially funded through the proceeds of a proposed subscription agreement entered with Kanger s executive director Steven Kuah Choon Ching for the subscription of 769.5 million shares at six sen each, which would raise a total of RM46.2 million. The remainder will be sourced from internal funds and bank borrowings.
Second batch of Sinovac to arrive this month 08 Apr 2021 / 21:36 H. Pix for representational purpose only.
KUALA LUMPUR: The second batch of China-made Sinovac Covid-19 vaccine is scheduled to arrive in Malaysia this month, said China’s Ambassador to Malaysia Ouyang Yujing.
The second delivery of the Sinovac vaccines would consist of 2.5 million doses.
He said in total Malaysia is expected to receive 14 million of Sinovac’s CoronaVac vaccines until September.
The Ambassador said this during his courtesy visit to the Malaysian National News Agency (Bernama)’s headquarters here, Thursday.
Malaysia started rolling out the Sinovac vaccine on March 18 after receiving the first shipment on Feb 27.