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jumped over 17% in early trade Tuesday after the Federal Land Development Authority (Felda) failed in its bid to take FGV private at RM1.30 per share.
The planter, one of the top gainers on Bursa Malaysia, surged 17.69%, or 23 sen to RM1.53 with 12.6 million shares done.
According to a filing with Bursa Malaysia, Felda only obtained 81% equity, or 2.955 billion shares interest in FGV as the offer closed at 5pm on Monday.
Felda was required to obtain 90% of the shares it did not own from the acceptance of its takeover offer in order to trigger a compulsory share acquisition and to take the listed company private.
and KPower Bhd.
Advancecon rose 5.13%, or two sen to 41 sen, Solarvest added 1.07%, or three sen, to RM2.84 and MK Land advanced 21.43%, or 4.5 sen to 25.5 sen.
Tenaga added two sen to RM10.82, Uzma rose 8.5 sen to 84 sen and KPower gained five sen to RM2.270.
Last Friday, the Energy Commission (EC) announced the list of 30 shortlisted bidders of the LSS4, totalling 823.06MW out of the offered 1,000MW.
The EC shortlisted plant capacities in two packages, of which package P1 to generate 323.06MW (price range from RM0.1850/kWh to RM0.2481/kWh) and package P2 to generate 500MW (price range from RM0.1768/kWh to RM0.1970/kWh).
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(BAuto) rose in early trade Thursday after posting a 21.8% jump in net profit in the third quarter ended Jan 31.
The Mazda car distributor added 3.7%, or five sen to RM1.40, its highest in two weeks.
BAuto’s net profit rose 21.8% to RM33.08mil for the third quarter ended Jan, 2021 from RM27.15mil in the same period last year.
Revenue also grew 27.9% to RM 597.98mil from RM467.46mil previously.
The group has declared a dividend of 1.50 sen per share for the third quarter.
For the nine months to Jan 31, BAuto posted a net profit of RM67.1mil on revenue of RM1.64bil.