Jason Ng

Oct 11, 2024 | edgeprop.my | Jason Ng

The proposed IPO involves a public issue of 132 million new shares and an offer for sale of 59 million existing shares at a price to be determined later, according to its draft prospectus. All in all, the IPO offers investors up to 22.78% stake in the company. KUALA LUMPUR (Oct 11): Lim Seong Hai Capital Bhd (KL:LSH), a construction and engineering firm, has filed for an initial public offering (IPO) as part of its listing transfer to the ACE Market, from the LEAP Market.

Sep 22, 2024 | edgeprop.my | Jason Ng

This is the second foreign big name that has put the brakes on expanding production, after Osram Opto Semiconductors Sdn Bhd, a unit of Austrian-German leading intelligent sensor and emitter-maker ams Osram. KUALA LUMPUR (Sept 17): Intel Corp will delay the operations of a new plant currently being built in Malaysia as the world’s largest computer chip maker grapples with declining sales and mounting quarterly losses.

Sep 20, 2024 | edgeprop.my | Jason Ng

To attract international capital to Forest City, the government is offering a concessionary corporate tax rate of between 0% and 5%, and a personal income tax rate of 15% for knowledge workers and Malaysians who choose to work there, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Sep 19, 2024 | edgeprop.my | Jason Ng

Shares of EcoWorld have gained nearly 70% so far this year, tracking broad gains in the property sector. The stock has also benefited from news flow related to data centre and industrial properties. KUALA LUMPUR (Sept 20): Shares of Eco World Development Group Bhd (KL:ECOWLD) rose on Friday to their highest in seven weeks after the property developer reported better-than-expected third-quarter results. EcoWorld climbed three sen or 1.7% to RM1.77, its highest since Aug 1, 2024.

Sep 19, 2024 | edgeprop.my | Jason Ng

Shares of WCT have more than doubled so far this year, tracking strong gains in the construction sector, and partly boosted by news of the planned REIT listing in recent months. KUALA LUMPUR (Sept 19): Shares of WCT Holdings Bhd (KL:WCT) rose on Thursday as investors lauded a planned listing of a real estate investment trust, while analysts praised the move that would help pare the company’s debts. WCT rose as much as five sen or nearly 5% to RM1.08.