KUALA LUMPUR: Rooftop solar panel installer Verdant Solar Holdings Bhd is seeking to list on the ACE Market of Bursa Malaysia to raise funds for expansion. According to its draft prospectus, Verdant Solar will offer 142 million new shares, or 17.37% of its enlarged issued share capital, through its initial public offering (IPO). At the…
(Kuala Lumpur, Singapore, 21st) In the latest Global Financial Center Index (GFCI), Kuala Lumpur’s ranking rose to 51st. Singapore once again ranked as the world’s fourth largest financial center, after New York, London and Hong Kong. San Francisco ranked fifth with only a slight difference of one point. The above report was released in March…
(Kuala Lumpur, 20th) The Statistics Department announced that Malaysia’s total trade volume grew 5.9% to RM223.9 billion in February this year, reflecting improved global demand and stable domestic economy. Mainly due to the growth of imports and exports. Among them, exports grew 6.2% year-on-year to RM118.3 billion, and imports rose 5.5% year-on-year to RM105.6 billion….
(Kuala Lumpur, 12th) The Malaysian stock market closed down for 5 consecutive trading days. The FTSE Composite Index fell 35.32 points or 2.32% today to close at 1484.83 points, setting the largest single-day drop this year. Based on the total market value of the Malaysian stock market today of RM1.818 trillion, compared with yesterday’s RM1.846…
(Hangzhou, 24th) China Securities Times According to the news announced today by Alibaba Group CEO Wu Yongming, Alibaba will invest more than 380 billion yuan (RM231.1 billion) in the construction of cloud and AI hardware infrastructure in the next three years, exceeding the total of the past decade. This also set a record for the…
(Kuala Lumpur, 10th) Colform (0341, ACE Market) made its debut on the Malaysian stock market today, closing at 38.5 sen halfway through the day, a premium of 2.5 sen or 6.94% over the initial public offering price of 36 sen, with a trading volume of 105.85 million shares, making it the third most popular stock….
(Kuala Lumpur, July 7) The Statistics Department announced that the Industrial Production Index (IPI) grew 4.6% year-on-year in December last year, driven by expansion in all industries. Datuk Mohd Uzir, chief statistician of the Statistics Department, said that the manufacturing industry (accounting for 68.3% of the index) expanded 5.8% year-on-year, performing better than the 4.6%…
Northern TK Venture (NTK), a subsidiary of IHH Healthcare Group (IHH, 5225, Main Board Healthcare), is seeking up to 109.3 billion Indian rupees (RM5.5 billion) from Japanese pharmaceutical company Daiichi Sankyo, accusing the company of causing losses when it blocked its acquisition of Fortis Healthcare in 2018. IHH Healthcare Group said in a statement that…
Overnight, the three major US stock indexes rose and fell. The Malaysian stock market fell this morning, ending the previous three consecutive days of opening higher. As of 9:10, the KLCI fell 0.97 points or 0.06% to 1584.20 points. The KLCI opened at 1583.62 points this morning, 1.55 points lower than yesterday’s closing of 1585.17…
Foreign investors have not stopped selling Malaysian stocks this year. The amount of capital withdrawal from early January to date (as of February 3) has almost caught up with that in 2024. According to statistics from Bursa Malaysia, as of February 3, foreign investors have sold a total of RM3.287 billion worth of Malaysian stocks,…
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