News about Bursa Malaysia

The construction group said its wholly owned subsidiary Inta Bina Sdn Bhd would construct 162 double-storey terraced houses and an electrical substation under Phase 4 of Cheerywood.

The Kuala Lumpur-based company has raised RM320 million through its IPO, making it the third-largest listing exercise on Bursa in 2023 so far.

SkyWorld’s IPO involves a public issue of 208,000,000 new shares and offer for sale of 192,000,000 existing shares.

In conjunction with the listing, SkyWorld’s initial public offering entails a public issue of 208,000,000 new shares representing approximately 20.

Last week, Ageson said it needed additional time to identify suitable auditors following the resignation of STYL Associates PLT as its auditor in February due to resource constraints.

Bursa has the right to proceed to suspend the trading of the listed securities of IWCity and to de-list the company if IWCity fails to submit the regularisation plan before Sept 24, fails to obtain approval from any of the regulatory authorities necessary for the implementation of its regularisation plan or fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.

In a bourse filing on Monday (April 3), the property and hospitality outfit said that its public shareholding spread stood at 13.

Masteel had completed the construction of a curtain wall of its reheating furnace which resulted in further decrease in usage of natural gas.

The construction engineering company only issued the report — including audited financial statements — on Nov 22, 2021, a delay of 15 market days from the Oct 31, 2021 deadline, said Bursa in an announcement on Friday (Dec 30).

Its property development profit, meanwhile, climbed 13.