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Nikkei Markets

MALAYSIA STOCKS TO WATCH: ML Global, Mudajaya Likely In Focus On Wednesday

By Chong Sin Hao
Nikkei Markets
KUALA LUMPUR (Jul 12) -- Here are the stocks to watch on Wednesday:

*ML Global: its 70%-owned unit wins piling work sub-contract worth MYR68.14 million from Samling Ekovest JV.

*Mudajaya Group: plans to raise up to MYR75.45 million via 10% private placement to fund a new solar power plant project.

*Sealink International: secures three vessel contracts worth total MYR52 million.

*UPA Corp: to get MYR32.67 million compensation from government for compulsory acquisition of land.

*Boustead Heavy Industries Corp: receives a letter from Ministry of Defence claiming damages amounting to MYR148.31 million.

*Metronic Global: Removes Eric Boon Chuan Kit as financial chief due to his deemed obstruction and compromising of the independence of the special audit.

*MESB: plans to raise up to 9.19 million ringgit via 30% private placement.

*T7 Global: appointed as Malaysian distributor by Honeywell International.

*Alliance Financial Group: extraordinary meeting on proposed capital reduction and repayment exercise at 12:00 pm.

*Damansara Realty: to brief media on corporate and business update at 10:00 am.
- By Chong Sin Hao; Dave.Chong@nikkeinewsrise.com; +60320267363
- Edited by Shiladitya Ghosh
- Send Feedback to feedback@NikkeiNewsRise.com
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.

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