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KUALA LUMPUR (July 16): Based on corporate announcements and news flow today, stocks in focus for Wednesday (July 17) may include: Vortex Consolidated Bhd, Opcom Holdings Bhd, MNC Wireless Bhd, Brahim's Holdings Bhd and JF Technology Bhd (JF Tech).

Vortex Consolidated Bhd announced it has secured approval from the Labuan Financial Services Authority (LFSA) to carry out offshore money-broking business. The company also said the approval also carries with it the usual conditions imposed on licence holders.

Opcom Holdings Bhd has appointed former chairman of Malaysian Communications and Multimedia Commission Datuk Mohamed Sharil Tarmizi as its independent and non-executive chairman, effective today.

Sharil replaces Tan Sri Mokhzani Mahathir, who resigned as executive chairman on June 1, citing “personal reasons”. Mokhzani was appointed to Opcom’s board 10 years ago.

MNC Wireless Bhd has inked a memorandum of understanding (MoU) with Urban Setup Sdn Bhd to provide a transparent, secured and convenient mobile physical gold retail platform in Malaysia. Urban is the licensee of the rights to the physical gold retail platform of SGPMX (M) Sdn Bhd.

MNC Wireless said the gold e-commerce retail platform, slated to be launched by end-2019, will allow consumers to buy physical gold via the mobile application, with a minimum fraction value of 1 sen.

Brahim's Holdings Bhd's marketing and distribution arm Dewina Holdings Sdn Bhd is aiming for a 10% increase in sales of its meals-ready-to-eat packs during the first year of its venture into e-commerce.

Dewina group managing director Nur Fatin Ibrahim said with good promotion and great service, the company would be able to achieve the 100,000 meal packs selling target.

JF Technology Bhd (JF Tech) said the US Court of Appeals for the Federal Circuit has dismissed the appeal by its unit, JF Microtechnology Sdn Bhd, in relation to a patent infringement complaint filed by Johnstech International Corp, officially marking the end of the five-year case.

JF Tech said the appeal court had upheld the District Court's decision on June 19, in which it ordered the award of US$1.51 million in damages to Johnstech and refused the motion for attorney's fees to be paid to Johnstech.

https://www.theedgemarkets.com/article/vortex-opcom-mnc-wireless-brahims-jf-tech
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