Weekly Newsletter - 1 Nov 2020

1 Nov, 2020
Category: Newsletter
Tags: Newsletter

A summary of corporate events, property news and industry insights.

Here's what we have for the week.


CORPORATE EVENTS
  1. GDB Holdings had been awarded a RM 1.25 billion contract for the provision of construction works of 8 Conlay Development.
  2. Supermax is proposing a dual listing on Singapore Exchange.
  3. Kenanga Investment Bank acquired a 4.99% equity interest in Merchantrade.
  4. MAA Group, the insurance provider had acquired a substantial stake in MicroLeap, a P2P lending platform approved by SC Malaysia.
  5. Another listed company is venturing into the business of glove manufacturing. This time, it's DGSB.

PROPERTY NEWS
  1. Another related party transaction is done between DRB-Hicom Bhd and Tradewinds Plantation Bhd. This time, it's Melaka land.
  1. Chin Hin Group Property Bhd recently acquired 62 acres of land in Serendah, Selangor.

INDUSTRY NEWS
  1. The market is expecting another interest rate cut in November. A low-interest-rate environment is bad for the insurance provider. 
See you in another week!
 

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