Stock news





1⃣ TROP is selling a freehold plot measuring 251.6 acres in Gelang Patah, Johor Bahru for RM569.9 million cash, to raise funds for working capital and repay the group's bank borrowings, in line with its de-gearing exercise to strengthen its financial footing.

2⃣ ASUPREM is planning to undertake a high-rise residential project with an estimated gross development value of RM152.22 million on a leasehold plot in Seri Kembangan, Selangor, via a joint venture with the soon-to-be owner of the plot, Paragon Residencia Sdn Bhd.

3⃣ MRCB has clinched a RM188.68 million contract to restore the Pahang river estuary in Pekan Pahang.

4⃣ TIGER has partnered with a private property developer Kemajuan Rowther Sdn Bhd (KRSB) to develop nine plots of land in Kuala Lumpur for an estimated cost of about RM28.51 million.

5⃣ WARISAN has inked a joint venture (JV) agreement with nine individuals to establish a travel and tourism business in Thailand.

6⃣ XINHWA is acquiring a 1.77-hectare land in Pekan Baru Hicom in the Valley to expand its market presence in the central region of Peninsular Malaysia.

7⃣ YONGTAI has teamed up with PGCG Assets Holdings Sdn Bhd to jointly undertake a mixed development with a gross development value of RM510 million in Ijok, Kuala Selangor.

8⃣ MICROLN was issued an unusual market activity (UMA) query by Bursa Malaysia today, after the recent surge in its share price.

9⃣ SUMATEC has entered into a HoA consisting of a non-binding document, outlining the main issues relevant to a tentative agreement with Markmore Sdn Bhd (Markmore).

http://aimthebull.blogspot.my/2016/07/stock-news_4.html