3867 | Complete Malaysian Pacific Industries Bhd stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
As multinational corporations (MNCs) vacate their sites or scale down their operations in Malaysia in tandem with slowing orders globally, there are suitors to buy over the operations of these MNCs for a song. Among the affected MNCs are Intel, Dell, Western Digital and Flextronics while the potential buyers include local listed companies with a presence overseas. “There are already a number of companies, those listed as well as private entities, that are eyeing the plants and facilities left by the MNCs,” says an industry source. He adds that these local companies are looking at expanding their businesses and taking the opportunity to buy plants and machinery and take over the operations at attractive prices some as low as a nominal price of RM1. But at such prices, the suitors are also to assume the liabilities and cost of downsizing. “Some of the MNCs would rather sell their operations for a nominal value than have to pay the retrenchment cost and other liabilities,” he sa
Bursa Malaysia’s Technology Index climbed over 3% in Thursday’s (Dec 1) morning trade, tracking a rise in US stocks triggered by signals of a slowdown in the US interest rate hike.
Here is a brief recap of some corporate announcements that made news on Wednesday (Nov 23) involving ECA Integrated Solution Bhd, Malayan Banking Bhd, Tenaga Nasional Bhd, IOI Properties Group Bhd, Batu Kawan Bhd, Kuala Lumpur Kepong Bhd, Allianz Malaysia Bhd, Genting Plantations Bhd, Sports Toto Bhd, KPJ Healthcare Bhd, Malaysian Pacific Industries Bhd, Matrix Concepts Holdings Bhd, Hap Seng Plantations Holdings Bhd, Farm Fresh Bhd, IJM Corp Bhd, Omesti Bhd and MN Holdings Bhd.