GEORGE TOWN: Police have busted a drug trafficking ring with the arrest of three people including a couple and seizure of 7.18kg of drugs in a series of raids in Penang.
KUALA LUMPUR: L&P Global Bhd, an integrated industrial packaging solutions provider bound for Bursa Malaysia’s ACE Market, aims to raise RM33.9 million from its initial public offering (IPO).
L&P Global Bhd, an integrated industrial packaging solution provider bound for Bursa Malaysia’s ACE Market, aims to raise RM33.9 million from its initial public offering (IPO). The company, which is slated to be listed on Jan 3, 2023, said it plans to use RM10 million of the proceeds for capital expenditure, mainly for the construction of a new factory in Johor, and RM2 million for business expansion.
PETALING JAYA: Nasdaq-listed Mattel Inc expects its local unit, Mattel Malaysia Sdn Bhd (MMSB), to produce over half a billion Hot Wheels cars per annum by 2025, a 20% increase in output following its expansion exercise which is slated for completion in January next year.