Stock news

*June 10*

*DOW J*: ⬇19.86

*WTI CRUDE OIL*:  50.56


*USD/MYR*:  4.05


**ECOWORLD* has tied up with Cascara Sdn Bhd to jointly undertake an eco-themed mixed development, with an estimated gdv of RM8.58 billion, over a 15-year period in Klang.

**MBSB* a non-bank lender, has fixed the issue price for its rights issue at RM1 each, and the entitlement basis of one rights share for every one existing MBSB share held.

**AWC* an integrated facility manager, has secured a maintenance work contract for the Integrated Transport Terminal in Bandar Tasik Selatan (TBS-BTS), which comes with a fee of RM130 million over a five-year period.

**TOPGLOV* has been granted an approval by SGX for secondary listing on the main board in SINGAPORE.

**MAGNA* wholly-owned subsidiary has proposed to acquire a piece of leasehold land, measuring about 5.25 acres in Shah Alam, from Regalia Raintree Sdn Bhd (RRSB) for RM43 million, to undertake a residential development.

**MENANG* chairman Datuk Abdul Mokhtar Ahmad has pared down his direct stake in the company to 0.013%, from 1.29% on May 24.