Stock Market & Investment News
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Seng Fong gets IPO approval
KUALA LUMPUR: Seng Fong Holdings Bhd has obtained the approval of the Securities Commission (SC) to list on the Main Market of Bursa Malaysia Securities Bhd. Read full story
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KPower to acquire hydro assets in RM130mil deal
KUALA LUMPUR: KPower Bhd is planning to expand into hydro assets ownership via a deal with Pristine Falcon Sdn Bhd to purchase the entire equity interest in One River Power Sdn Bhd for RM130mil in cash and shares. Read full story
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KLCI rises 0.42%; ringgit strengthens
KUALA LUMPUR: Bursa Malaysia rebounded on Tuesday on bargain hunting activities, while ringgit climbed marginally against the US dollar. Read full story
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Oil steadies after sharp fall; focus on China growth
NEW DELHI: Oil prices bounced on Tuesday, steadying after a sharp fall of 4% in the previous session, as worries over China’s fuel demand were soothed by the central bank’s pledge to support an economy hit by renewed COVID-19 curbs. Read full story