News
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Ecoscience inks IPO underwriting agreement with Hong Leong Investment Bank
KUALA LUMPUR: Integrated palm oil milling services provider Ecoscience International Bhd has today entered into an underwriting agreement with Hong Leong Investment Bank Bhd (Hong Leong IB) in conjunction with its proposed initial public offering (IPO) and listing on the ACE Market of Bursa Malaysia. Read full story
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Sapura Energy triggers new admission into PN17
KUALA LUMPUR: Sapura Energy Bhd has triggered the criteria pursuant to Paragraph 2.1(e) of Practice Note No. 17 (PN17) of the Main Market Listing Requirements of Bursa Securities. Read full story
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YTL Power completes acquisition of Tuaspring Power Station in Singapore
KUALA LUMPUR: YTL Power International Bhd has completed the acquisition of Tuaspring Pte Ltd’s 396MW combined cycle gas turbine power plant in Singapore. Read full story
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Pecca appoints Foo Ken Nee as CEO
KUALA LUMPUR: Pecca Group Bhd has appointed Foo Ken Nee as chief executive officer (CEO) effective today. Read full story
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TDM Plantation explores new development of cash crops
KUALA TERENGGANU: TDM Bhd, a subsidiary of the Terengganu state government through the company’s plantation division TDM Plantation Sdn Bhd (TDMP) is exploring a new development of cash crops, namely chilli, at Ladang Tayor near here. Read full story
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Perak Transit, edotco in strategic alliance
PETALING JAYA: Perak Transit Bhd has appointed edotco Malaysia Sdn Bhd to provide services related to in-building and telecommunication solutions in buildings and land owned or managed by the Ipoh-based company’s subsidiaries. Read full story
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Bonia adopts new dividend policy
KUALA LUMPUR: Bonia Corp Bhd’s board of directors has adopted a dividend policy to pay at least 30% out of its consolidated profits after taxation attributable to shareholders available in each financial year. Read full story
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India lines up banks for e-commerce effort to take on Amazon, Walmart
NEW DELHI: India’s effort to break Amazon Inc and Walmart Inc’s dominance of its e-commerce sector, by establishing its own open network, has begun lining up banks and other key players needed to move it forward, sources familiar with the matter said. Read full story
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Manufacturing growth slowed last month in economies as diverse as France, Japan to Malaysia
Manufacturing growth slowed last month in economies as diverse as France, Japan to Malaysia, business surveys showed on Wednesday, illustrating the challenge policymakers face in trying to combat inflation while not stifling anaemic economic activity. Read full story
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