MQ Market Updates - 19 February 2025
MQ Market Updates - 19 February 2025
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Saliran Group Bhd (SALIRAN), which supplies pipes to the oil and gas industry, has set its initial public offering (IPO) price at 27 sen apiece in a share sale that will raise up to RM32 million from the ACE Market.
Eco World Development Group Bhd (ECOWLD) (EcoWorld Malaysia) has acquired the remaining 40% stake in Paragon Pinnacle Sdn Bhd (PPSB) from Employees Provident Fund (EPF) subsidiary Tanjung Wibawa Sdn Bhd (TWSB), for RM184.08mil.
Yinson Holdings Bhd's (YINSON) offshore business arm, Yinson Production, has completed the acquisition of 100% shares in Norway-based Stella Maris CCS AS from Altera Infrastructure.
Sunzen Group Bhd (SUNZEN) is disposing of its loss-making animal health subsidiaries, Sunzen Corp Sdn Bhd (SCSB) and Sunzen Lifesciences Sdn Bhd (SLSB) to Pure Nutritional Products Sdn Bhd for RM17.3mil.
Maxis Bhd's (MAXIS) spending on 5G could weigh on its earnings, potentially dragging on dividend payouts ahead, analysts flagged, after the mobile network operator reported its 2024 results.
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