Here's what we have for the week.

CORPORATE EVENTS

1. HLT Global is acquiring the remaining stake in HL Rubber Industries Sdn Bhd for RM 90 million via share issuance.

2. Sunzen Biotech is venturing into the money lending business via the acquisition of Finsource Solution Sdn Bhd for RM 6.8 million via the issuance of 41.2 million new shares @ RM 0.165 per share.

3. Ho Wah Genting Bhd is proposing a private placement of up to RM 34.58 million.

4. Handal Energy Bhd and KNM Group Bhd are raising funds via private placement mainly to settle their loan and funds for working capital.

5. A major customer of JCY International Bhd has terminated its relationship with JCY.

6. Jiankun International is undertaking a private placement to fund his Melaka project.

7. Perak Transit Bhd is expanding its footprint into Kuantan, Pahang.

8. Kanger International Bhd is venturing into the construction business.

PROPERTY NEWS

1. Eonmetal Group recently dispose of a piece of 15.54-acre land for RM 58.8 million.

2. Kimlun Corp acquired an 11.2 acre land in Seri Alam, Johor Bahru from UM Land for RM 40.5 million.

3. Sentoria Group, which is facing a cash crunch, disposed of its land bank in Kedah to Waz Lian Group.

4. A related party transaction between Hap Seng Group and Lei Shin Hong Ltd for an investment property located in Labuan, Malaysia.

5. Chin Hin Property Bhd acquire 0.5-acre land in KL from Suez Capital Sdn Bhd.

6. Greatech acquired a 5.9 acre of land from Penang Development Corp for its expansion purpose.

7. See Hup Consolidated sold his land located in Seberang Perai, Penang to Tek Seng Properties for RM 46.96 million.

8. An RM 10.5 million transaction was done between AT Systemization Bhd and Seacera.

INDUSTRY NEWS

1. By watching the changes of liquidity in the market, we are confident to say that the Malaysia stock market still has the leg to roar.

2. Palm oil traders are facing a rough week due to lower export.

Happy investing. See you in another week!

Weekly Newsletter - 18 Jan 2021

Here's what we have for the week.

Related Articles

Newsletter 20241229

Newsletter 20241215

Newsletter 20241208