Oil gains as Middle East attacks cloud Gulf supply recovery
Brent traded at US$106.54 a barrel as tanker attacks threatened recovering supply through the Strait of Hormuz.
Bursa Malaysia announcements, listings, company results and market news.
Brent traded at US$106.54 a barrel as tanker attacks threatened recovering supply through the Strait of Hormuz.
Nomura also upgraded Public Bank to ‘buy’ from ‘neutral’, setting a target price of RM5.40.
Regulatory delays prompted the group to buy a replacement site, with the proposed disposal expected to generate a net pro forma gain of RM769,000.
The group also plans to redirect funds following a cancelled hotel-suite acquisition, earmarking RM21.67 million of the refund for contracts.
The fund manager cited liquidity pressures and investment credit risks, with subscriptions, redemptions and switching all affected.
A change in the project's scope added RM74.1 million to the contract, while its other terms remain unchanged.
The proposal covers up to 60.43 million new shares, alongside a plan to reallocate RM21.83 million from earlier equity fundraising.
The purchases leave Datuk Seri Tan Kong Han with a direct holding of 1.89 million shares, equivalent to a 0.049% stake.
The ICT solutions provider is scheduled to move from the LEAP Market to the ACE Market on Oct 22.
The plastic packaging maker retains its share offering plans after receiving regulatory relief from Bursa Securities on Oct 7.