KUALA LUMPUR: This year, the majority of the 4,355 investment scam cases in Malaysia have been linked to schemes advertised on social media sites and chat applications, says Comm Datuk Seri Ramli Mohamed Yoosuf. The director of the Bukit Aman Commercial Crime Investigation Department (CCID) reported that 82%, or 3,574 cases, began with advertisements on social...
SOME Singaporean companies are looking to sell shares in Malaysia’s booming market, as the city-state remains on track for its worst year for new stock listings in a quarter century. A shift would buck the historical pattern of Malaysian firms offering equity in Singapore, which has traditionally been seen as offering better access to global institutional...
PETALING JAYA: Malaysia’s largest home-grown mini-market chain retailer 99 Speed Mart Retail Holdings Bhd made its debut on the Main Market today, opening at RM1.85 sen per share, 12.12% up from its initial public offering (IPO) price of RM1.65. Listed under the retailers sub-sector of Bursa Malaysia’s consumer products and services sector, the convenience store operator...
PETALING JAYA: Main Market-bound 99 Speed Mart Retail Holdings Bhd reported a revenue of RM2.4bil for the second quarter ended June 31, 2024, reflecting a RM183.3mil or 8.2% year-on-year (y-o-y) increase, mainly attributed to higher sales led by the contribution from new outlets and positive impact from the bulk sales e-commerce platform. In a statement, the...
Reddit appears set to reach a $6.5 billion valuation with its initial public offering (IPO), according to Reuters. The San Francisco-based social media company’s IPO is currently between four and five times oversubscribed, the report continued, citing unnamed sources. This figure marks a decrease from the $10 billion valuation achieved in its last fundraising round in August...
KUALA LUMPUR: KJTS Group Bhd made its debut on the ACE market of Bursa Malaysia at 44 sen a share, a 17 sen or 63% premium to its initial public offering (IPO) price of 27 sen a share. The share was the second most traded in the early morning with over 72 million shares exchanging hands in the...
PETALING JAYA: The initial public offering (IPO) exercise of machinery and equipment unit Borsig GmbH on the Singapore Exchange (SGX) should uplift KNM Group Bhd by aiding its repayments to creditors, says Borsig chief executive officer (CEO) Jurgen Stegger. In a statement yesterday, he highlighted that Borsig has continued to shine as a valuable asset within the KNM...
