KUALA LUMPUR: JF Apex Research expects Yong Tai, MY EG, Inix, MTD ACPI, Masteel and Tropicana to be among the stocks to watch on Tuesday following their corporate announcements.
Yong Tai plans to place out new shares to raise up to RM92mill to fund the development of its Impression City and Impression U-Thant projects, as well as for working capital. The private placement involves up to 20% of its issued shares.
As for MyEG, it has teamed up with Anhui Zhifei Longcom Biopharmaceutical Co Ltd (Zhifei) to obtain aMalaysian halal certification for the Chinese biopharma company’s Covid-19 vaccine and to exclusively distribute the vaccine in Malaysia over three years.
Former inspector-general of police (IGP) Tan Sri Mohamad Fuzi Harun resigned from his role as Inix's independent and non-executive chairman, five days after his appointment. Succeeding the former IGP as Inix's chairman will be Tan Sri Syed Mohd Yusof Tun Syed Nasir.
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