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theedgemalaysia.com highlighted three stocks with positive momentum and three stocks with negative momentum at Bursa Malaysia's afternoon close on Wednesday.
Lagenda Properties Bhd has proposed to dispose of a 60% stake in two of its construction subsidiaries to Epicon Bhd for RM543.16mil, as part of a restructuring aimed at sharpening its focus on property development while building a larger listed construction platform.
Doh family-linked Lagenda Properties Bhd (KL:LAGENDA) and Epicon Bhd (KL:EPICON) have proposed a RM543.16 million deal that will transform Epicon into Lagenda’s construction platform.
KUALA LUMPUR: Bursa Malaysia meneruskan momentum kenaikan apabila dibuka lebih tinggi pada Selasa, disokong minat belian berterusan terhadap saham wajaran tinggi terpilih, khususnya dalam sektor penjagaan kesihatan dan hartanah, meskipun Wall Street ditutup rendah semalaman.
Epicon Bhd (KL:EPICON) said the group has initiated a lawsuit against an engineering services company to recover RM20.36 million in unpaid amounts relating to a subcontract.
KUALA LUMPUR (Feb 16): theedgemalaysia.com highlighted two stocks with positive momentum and three stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.
theedgemalaysia.com highlighted four stocks with positive momentum and four stocks with negative momentum at Bursa Malaysia's afternoon close on Thursday.
EGH International Bhd, an interior fit-out firm, is seeking a listing on the ACE Market to raise funds for the construction of a new head office estimated to cost RM28 million.
The company is planning to build a five-storey building in Puchong to accommodate its current growing workforce, EGH International said in its draft prospectus. The new building will also serve as its warehouse and showroom, the company noted.
Notable filings
FROM Oct 21 to 24, notable shareholding changes at Bursa Malaysia-listed companies included those at Al-Salam Real Estate Investment Trust (KL:ALSREIT), which saw Damansara Assets Sdn Bhd dispose of 54.86 million units via a direct business transaction...