Here's what we have for the week.

CORPORATE EVENTS

1.Masteel is proposing a rights issue at RM 0.36 for the steel upcycle.

2.MyEG is proposing a private placement to fund its current project.

3.Serba Dinamik is proposing a private placement to repay bank borrowing and finance its current project.

4.MTD ACPI Engineering Bhd is privatizing the company at RM 0.28 per share.

5.FGV Bhd is privatizing the company at RM 1.30 per share.

6.GDex and Tasco are partnering in this competitive last-mile delivery industry.

7.Lee Swee Kiat Group is partnering with Cuckoo Malaysia to expand its distribution network

8.Impiana Hotel Bhd is proposing a restructuring by capitalizing its debt.

PROPERTY NEWS

1. JHM Consolidated Bhd acquired a new piece of land at Seberang Perai for its expansion plan.

2. Impiana Hotels Bhd acquired several parcels of land from its major shareholders in Pulau Tioman via share issuance.

3. Menara MIDF, located at Jalan Raja Chulan, was sold for a price tag of RM 140 million.

INDUSTRY NEWS
1. The way AirAsia X plans its route is doom for failure. Here's why.

Weekly Newsletter - 14 Dec 2020