Here is a brief look at some corporate announcements and news flow on Wednesday (June 22), which involve Axiata Group Bhd, Bioalpha Holdings Bhd, Reservoir Link Energy Bhd, Allianz Malaysia Bhd, CIMB Group Holdings Bhd, Omesti Bhd, Deleum Bhd, Tenaga Nasional Bhd, Mestron Holdings Bhd and Kronologi Asia Bhd.
BASED on data compiled by The Edge, 175 companies or 19% of the 923 companies listed on Bursa Malaysia’s Main Market and ACE Market have successfully raised a total of RM8.1 billion from their private placements this year, the largest in Malaysia’s history. The private placements alone exceeded the total secondary fundraising of RM8 billion in 2020.
, according to JF Apex Research.
Nestcon secured a RM230mil contract to build serviced apartments in Sungai Buloh, Selangor.
AE Multi bagged a RM65.18mil contract from Green Ocean to design, install and commission eight double former dipping lines for rubber glove production.
MAG Holdings sold a 20.91% stake of its 40.77% shareholding in associate Henan XingHe Oil and Fat Company Ltd (HXOF) for RM37.8mil to reduce its losses from the investment.
Kronologi Asia is still looking for merger and acquisition plans to bring it up to the next level of growth.
BHIC has received a one-year contract extension from the Ministry of Home Affairs effective July 1, 2021, with the revised value of RM95.98mil.