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KUALA LUMPUR (April 16): Based on corporate announcements and news flow today, companies in focus tomorrow (April 17) may include: Tropicana Corp Bhd, XOX Bhd, DGB Asia Bhd and Bursa Malaysia Bhd.

Tropicana Corp Bhd has proposed an RM1.5 billion Islamic Medium-Term Notes programme (Sukuk Wakalah) to repay borrowings to unencumbered secured properties. The proceeds will also be used for capital expenditure, investments and working capital.

Malaysian Rating Corp Bhd (MARC) has assigned a preliminary rating of ‘A+’ with a stable outlook to the Sukuk Wakalah.

XOX Bhd’s wholly-owned XOX Media Sdn Bhd has signed a Memorandum of Understanding with DGB Networks Sdn Bhd, a wholly-owned subsidiary of DGB Asia Bhd, to collaborate in the deployment of up to 1,000 artificial intelligence (AI) vending machines.

XOX said the collaboration is in line with its strategy to focus on different silos of its business to create more revenue streams while providing synergies to its core business of being a mobile virtual network operator (MVNO), with the potential expansion of its dealers base and retail footprint.

Tan Sri Abdul Wahid Omar, former chairman of Permodalan Nasional Bhd, has been tipped to be the new chairman of Bursa Malaysia Bhd, according to sources. When contacted, Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift declined to comment.

Abdul Wahid is no stranger to the local corporate community as he had held positions in the Government and Government-Linked Corporations, namely Malayan Banking Bhd and Telekom Malaysia Bhd.

https://www.theedgemarkets.com/article/tropicana-xox-dgb-asia-and-bursa-malaysia
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