Here is a brief look at some of the corporate announcements and news flow on Friday (April 15) involving Sime Darby Plantation Bhd, CIMB Group Holdings Bhd, Opcom Holdings Bhd, Econpile Holdings Bhd, Khee San Bhd, Malaysia Pacific Corp Bhd, FSBM Holdings Bhd, Pekat Group Bhd, and INIX Technologies Holdings Bhd.
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.
KUALA LUMPUR (Feb 5): mTouche Technology Bhd is raising fresh capital of up to RM79.44 million via a cash call to finance its diversification into the distribution and sale of Covid-19 test kits.
Meanwhile, it also proposed an extension of time frame for the utilisation of the remaining proceeds raised from the rights issue exercise that was completed in November, 2017.
mTouche, in which AirAsia co-founder Datuk Kamarudin Meranun holds a 5.17% stake, has proposed a rights issue which comes with free detachable warrants after the proposed 10-to-one share consolidation exercise.
The renounceable rights issue of up to 794.37 million new shares will be on the basis of six rights shares with three free warrant-D for every existing consolidated share held.
KUALA LUMPUR (Feb 5): Based on corporate announcements and news flow today, companies that may be in focus on Monday (Feb 8) include: MBM Resources Bhd, Media Chinese International Ltd, Techbond Group Bhd, Toyo Ventures Holdings Bhd, Vizione Holdings Bhd, mTouche Technology Bhd and Pertama Digital Bhd.
MBM Resources Bhd has appointed Muhammad Fateh Teh Abdullah, the former head of automotive distribution division of Hicom Holdings Bhd, as its new president and CEO with effect from Monday (Feb 8). With this, Annie Chin will cease to be the group’s acting president and CEO and will resume her position as the group’s chief financial officer.