[ MUMBAI: Shapoorji Pallonji Group‘s Afcons Infrastructure plans to launch an IPO aiming for a valuation of over Rs 19,000 crore, making it the country’s largest infra construction IPO in at least a decade. The company, which the construction-to real-estate group acquired from ICICI Bank in the early 2000s, hopes to raise Rs 7,000 crore … Read more
[ KUALA LUMPUR: Main Market-bound MKH Oil Palm (East Kalimantan) Bhd (MKHOP) is actively seeking land in Indonesia to expand its land bank for oil palm plantations. The company, which has about 18,000ha of plantation land currently, plans to acquire another 5,000ha in East Kalimantan by the second quarter of 2024. Read original article here … Read more
[ KUALA LUMPUR: The Securities Commission Malaysia (SC) is engaging with the Ministry of Finance (MoF) to conduct a review of SC’s financial sustainability for a better revenue model, said its chairman Datuk Seri Dr Awang Adek Hussin. He said the SC recorded a higher deficit last year compared to the previous year, and this … Read more
[ ACE Market-bound SBH Marine Holdings Bhd is upbeat about its growth prospects, premised on strong demand for its frozen goods from overseas clients this year. The company’s executive director, Saw Leng Hean, says SBH Marine’s growth will move in tandem with market growth in 2024, which is forecast at 5.5% for the year. Read … Read more
[ PETALING JAYA: The public tranche of Prolintas Infra Business Trust’s (Prolintas Infra BT) initial public offering has been oversubscribed by 3.59 times. Prolintas Infra BT will be listed on the Main Market of Bursa Malaysia on March 25, making it the country’s first listed Islamic business trust. In a statement, Prolintas Infra BT said … Read more
[ SINGAPORE: Malaysia’s largest mini-market chain retailer 99 Speed Mart Retail Holdings filed a draft prospectus on Monday for a domestic initial public offering (IPO), according to Securities Commission Malaysia’s website. The company, founded and which first started out as a traditional sundry shop by entreprenuer Lee Thiam Wah in 1987, plans to offer up … Read more
[ LED by the second generation of the founding family, Zantat Holdings Bhd looks set to be going places, with fresh new ideas from its young management team. ACE Market-bound tentatively for March 27, the calcium carbonate (CC) powder producer has been pretty busy of late, with a slew of activities, both short and long … Read more
[ KUALA LUMPUR: Highway operator Projek Lintasan Kota Holdings Sdn Bhd (Prolintas) aims to raise RM445.3 million via the initial public offering (IPO) of its highway business trust Prolintas Infra Business Trust (Prolintas Infra BT). Prolintas Infra BT, which is en route to a listing on Bursa Malaysia’s Main Market on March 25, 2024, will … Read more
[ MUMBAI: Ola Electric, the IPO-bound pure-play Indian EV manufacturer, has emerged as the most prolific patent publisher in the country among its peers in the 2022-23 period.With 205 patents published in the EV and EV-related technologies space with the Indian patents office, it tops the table in this segment of intellectual property rights race. … Read more
[ PETALING JAYA: Alpha IVF Group Bhd aims to raise RM116.6mil from its initial public offering (IPO) and listing on the ACE Market of Bursa Malaysia on March 22, 2024. The fertility-care specialist’s IPO exercise entails the sale of 364.5 million new shares and 1.09 billion shares via an offer-for-sale by eight promoters. The shares … Read more
