Jumping on the capital market bandwagon

TheStar Sat, Aug 08, 2020 07:40am - 3 years View Original

“Clearly, there seems to be a rush to acquire listed companies now considering the stock market’s performance. However, the fact that there are sellers tells you that rushing in now has its risks, ” says a dealer familiar with the current situation.

THE heated-up stock market is leading to a rush for unlisted assets to enter the capital market and for individuals to take over listed companies.

Just this week, three such deals surfaced.

First, MSCM Holdings Bhd announced the emergence of a new major shareholder in the form of Penang-based Hong Seng Group. This followed the divestment by MMAG Holdings Bhd , which has sold its entire 29.89% stake in MSCM to the Hong Seng Group for RM18.09mil cash.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.

Related Stocks

9342	0.000
BURSA	7.460
HONGSENG	0.010
MMAG	0.200
OVERSEA	0.055
XOXTECH	0.050

Comments