Government faces RM20.1 billion in 1MDB obligations without further recoveries
The government had paid RM42.5 billion towards 1MDB commitments by Aug 31, 2026, while asset recovery efforts yielded RM31.3 billion.
Bursa Malaysia announcements, listings, company results and market news.
The government had paid RM42.5 billion towards 1MDB commitments by Aug 31, 2026, while asset recovery efforts yielded RM31.3 billion.
Funds from the proposed public issue would support a new lighting plant, steel pole production and development of its CONNECTcity smart city platform.
The company plans to keep operating and proceed with corporate restructuring after its shares leave Bursa Malaysia.
The public allocation was oversubscribed by 2.63 times ahead of the interior fit-out company's Oct 16 listing on the ACE Market.
The award takes jobs secured in 2026 to about RM153.4 million, according to the company.
The US Dollar Index rose 0.42 per cent to 102.26 points, with an economist linking the stronger greenback to concerns over Europe’s fiscal outlook.
The senior secured notes are expected to settle on Oct 21, 2026, with a fixed annual coupon of 6.517 per cent.
The notes carry a fixed annual coupon of 6.52%, with settlement scheduled for Oct 21.
The proposal would increase the engineering firm’s issued shares to 410 million from 82 million.
The benchmark's year-to-date loss reached 66.15 points or 3.94%, with foreign selling and elevated oil prices weighing on sentiment.