MQ Market Updates

MQ Market Updates - 20 September 2023

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Publish date: Wed, 20 Sep 2023, 05:07 PM

Minox International Group Bhd aims to raise RM22.5 million from its initial public offering (IPO) on the ACE Market, comprising a public issue of 90 million new ordinary shares. (TheStar)

The US allowed imports from Supermax Corp Bhd, after customs authorities lifted a ban imposed on the company since October 2021 for alleged forced labour. (TheEdge)

Scientex Bhd recorded a weaker bottomline in the final quarter of its 2023 financial year as its packaging business experienced softer market demand across its product segments. (TheStar)

Underground utilities and substation engineering specialist MN Holdings Bhd has bagged a substation engineering contract worth RM18.5 million for GDS data centre (Plot 2) at Nusajaya Technology Park, Johor. (TheEdge)

Opcom Holdings Bhd's wholly-owned subsidiary Opcom VC Sdn Bhd is expanding into the satellite communications space by acquiring 70 million shares, representing 18.03% equity interest, in Binasat Communications Bhd (Binacom) for RM39.2mil or 56 sen per share. (TheStar)

Genting Malaysia Bhd's key Malaysian operations are seeing the return of tourist arrivals, with operating capacity largely returning to pre-pandemic levels, says CGS-CIMB Research. (TheStar)


Source: New Straits Times, The Edge Markets, The Star 20 September 2023

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