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are among the stocks to watch on Wednesday, according to JF Apex Research. Pharmaniaga is partnering with China s Sinovac Life Sciences Co Ltd for the supply of 14 million doses of Covid-19 vaccine in Malaysia. Pharmaniaga expects the vaccine to be distributed to the public by the end of March, according to managing director Datuk Zulkarnain Md Eusope. Under the deal, Pharmaniaga will carry out the fill and finish process of the vaccine developed by Sinovac. MTD ACPI Engineering has won a RM33.44mil construction contract from the Public Works Department in Pahang. Mulpha International s wholly-owned unit Mulpha Australia (Holdings) Pty Ltd has accepted a syndicated credit facility of A$342mil (RM1.07bil) from Oversea-Chinese Banking Corp Ltd and United Overseas Bank Ltd in Australia to finance the refurbishment works at InterContinental Sydney Hotel and to refinance its existing borrowings. ....
KUALA LUMPUR (Jan 12): Ho Wah Genting Bhd is planning to raise between RM30.05 million and RM34.58 million via a private placement to fund its healthcare business, repay borrowings and shore up working capital. In a bourse filing, the group said it would be placing up to 60.67 million new shares, representing 10% of its share capital of 606.68 million shares, among third party investors. Ho Wah Genting plans to use up to RM12 million of the placement proceeds to purchase healthcare products and for research and development activities for its healthcare-related business. Another RM10 million would be used to fully repay a loan from Hong Kong-based Prime King Investment Ltd, which had given Ho Wah Genting a short-term advance for working capital purposes. ....
KUALA LUMPUR (Jan 12): Based on corporate announcements and news flow today, companies that may be in focus on Wednesday (Jan 13) include QL Resources Bhd, Boilermech Holdings Bhd, FGV Holdings Bhd, Pharmaniaga Bhd, I-Stone Group Bhd, Spring Art Holdings Bhd, Ho Wah Genting Bhd, Handal Energy Bhd, ATTA Global Group Bhd, MTD ACPI Engineering Bhd, Mulpha International Bhd, Malaysia Airports Holdings Bhd, AirAsia Group Bhd, and Gas Malaysia Bhd. QL Resources Bhd s takeover offer for shares it does not own in Boilermech Holdings Bhd has been extended to Jan 29. The initial deadline for the conditional mandatory general takeover offer at 95 sen per share was Jan 14. QL currently controls a 48.41% stake or 249.79 million shares in Boilermech. ....