Malaysia News Highlights for Thrusday

Malaysia News

• Malaysia share prices opened higher on Thursday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 6.21 points to 1798.22.

• Compugates Holdings Bhd (CHB) is proposing a renounceable rights issue of up to 304.9 million redeemable preferance shares (RPS) together with up to 304.9 million free detachable warrants to raise up to RM30.49 million.

• Kian Joo Can Factory Bhd and Aspire Insight Sdn Bhd have agreed to extend the deadline for the fulfillment of all conditions in regards to Kian Joo's plan to dispose of entire business to Aspire Insight.

• Top Glove Corp Bhd is on the lookout for potential mergers and acquisitions (M&As) in rubber glove-related businesses, as part of its plans to expand its business to meet the strong demand in natural rubber gloves.

• The Domestic Trade, Cooperatives and Consumerism Ministry (KPDNKK) seized goods worth RM436,568.70 in its anti-profiteering operation from Jan 15 to March 17.

• Crest Builder Holdings Bhd's subsidiary Crest Builder Sdn Bhd has clinched a RM197.82 million contract from UDA Holdings Bhd for the construction of super-structure works of a 30-storey serviced apartments in Kuala Lumpur.

• Tanjung Offshore Bhd's non-independent, non-executive director Tan Sri Tan Kean Soon, who has called for an EGM to remove three directors, plans to carry a forensic audit on all the deals in the group after the EGM.