Singapore’s dismal IPO market has companies eyeing Malaysia

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...

99 Speed Mart opens 12% higher on Main Market

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...

Nationgate shares to transfer to Main Market on May 24

KUALA LUMPUR: The shares of ACE Market-listed Nationgate Holdings Bhd will be transferred to the Main Market of Bursa Malaysia at 9am on May 24, 2024 (Friday). In a statement, Bursa Malaysia said the shares will be categorised under the industrial products and services sector. The stock short name (NATGATE) and stock number (0270) of the shares will remain...

OKX to allow spot trading for Zeus Network token

OKX is set to list the Zeus Network’s ZEUS token for spot trading today, enabling ZEUS/USDT trades. The integration aims to leverage Solana’s scalability with Bitcoin’s security, enhancing possibilities for decentralized applications (dApps) and secure financial services. The Zeus Network, which leverages the Solana blockchain for improved interoperability, has successfully raised $8 million in a seed funding round led...