KUALA LUMPUR (Feb 8): Techna-X Bhd (formerly known as Sino Hua-An International Bhd) is acquiring a 25% stake in telco-media company MBits Digital Sdn Bhd for RM12.5 million in a bid to expand its digital transformation solutions offerings.
In a statement, the company said it had entered into a share purchase agreement with MBits founder and chief executive officer Saraleena Nattaya Azmi for the acquisition of 10 million shares, representing a 25% equity stake in MBits.
Techna-X said it intends to leverage MBits’ licenses, product, and service offerings to improve its efficiencies.
MBits is an Internet Protocol TV station operator and a digital platform content creator. The company is the only company holding a full broadcasting licence as well as licences for the full telco spectrum in Malaysia, according to Techna-X.
KUALA LUMPUR (Dec 22): The FBM KLCI ended almost 1% lower today on continued profit taking, as sentiment remained jittery on concern over the resurgence of Covid-19 cases.
The benchmark index stayed in negative territory throughout the trading session. It closed 0.97% or 15.97 points down at 1,631.92 after hitting an intra-day low of 1,625.39.
TA Securities Holdings Bhd senior technical analyst Stephen Soo told theedgemarkets.com that worries over a new strain of Covid-19 in Europe affected market sentiment.
He added that the downtrend was also due to profit taking in recovery play on technology, banking and tourism-related stocks.
On the broader market, 1,046 counters finished lower versus 251 gainers, while 395 others were unchanged.
KUALA LUMPUR (Dec 21): The FBM KLCI today marked its third straight day of decline, on the absence of fresh catalysts on the local bourse. It gave up 0.28% or 4.6 points to settle at 1,647.89 on market close.
Across Bursa Malaysia, 8.09 billion securities were traded for RM3.66 billion, compared to 8.06 billion securities worth RM4.4 billion last Friday. Market breadth was negative, with 848 counters ending the day in the red, versus 392 gainers and 437 that were unchanged.
Of the KLCI constituents, losers were led by Nestle (M) Bhd, which fell RM3.5 or 2.5% to close at RM137.4. This was followed by Axiata Group Bhd (down 13 sen or 3.4% to RM3.74), and Hong Leong Financial Group Bhd (down 42 sen or 2.3% to RM18.14).
KUALA LUMPUR (Dec 18): The FBM KLCI slipped 1.31% or 21.86 points today, tracking declines in regional peers, while news of the conditional movement control order being extended weighed on domestic investing sentiment.
The benchmark index settled at 1,652.49, with 852 counters in the negative versus 370 that climbed, while 474 were unchanged.
Senior Minister Datuk Seri Ismail Sabri Yaakob announced today that the CMCO will be extended in Selangor, Kuala Lumpur and Sabah till Dec 31, as Covid-19 infections in these places remain elevated. This is the fourth extension of the CMCO that was first imposed on Oct 14 and originally scheduled to end on Oct 27.
The CMCO was also extended till Dec 31 in Seremban and Port Dickson in Negeri Sembilan, and in Johor Bharu, Batu Pahat and Kulai in Johor.
KLCI ends morning session in the red theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.