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Ho Hup Construction Co Bhd (KL:HOHUP) said its substantial shareholder Omesti Holdings Bhd (KL:OMESTI) has sought an extraordinary general meeting (EGM) to replace two of the construction outfit’s directors with appointees.
Several penny stock companies announced the resignation of Chengco PLT as their external auditor on Tuesday, following the suspension of Chengco's licence registration by the Securities Commission Malaysia's (SC) Audit Oversight Board (AOB) over audit quality issues.
KUALA LUMPUR: Several Malaysian firms, including Pharmaniaga Bhd and Capital A Bhd, are making strong progress in their financial restructuring efforts and are on course to exit Bursa Malaysia’s Practice Note 17 (PN17) status in 2025, signalling a notable recovery in their operational and fiscal health.
Companies that made their debut on the ACE Market over the past 20 months since January seem to have defied jittery market sentiment towards small-cap stocks.
Notably, the ACE Market-listed companies are the worst hit judging by the performance of the index.
KUALA LUMPUR (Aug 2): Shares of Asdion Bhd (KL:ASDION) declined to the lowest in nearly 10 months on Friday, after the loss-making company was put on Guidance Note 3 (GN3) status.
KUALA LUMPUR: Capital A Bhd, MN Holdings Bhd (MNHB), Fraser & Neave Holdings Bhd (F&N), CTOS Digital Bhd, Pentamaster Corp Bhd, YTL Hospitality Real Estate Investment Trust (YTL REIT), Pekat Group Bhd, Mitrajaya Holdings Bhd, Asdion Bhd and GHL Systems Bhd are among the stocks to watch on Friday.
Software developer Asdion Bhd (KL:ASDION) has been classified as a Guidance Note 3 (GN3) company.
This comes after its external auditors, CAS Malaysia PLT, flagged material uncertainty that would affect the company’s ability to continue as a going concern.
KUALA LUMPUR: Asdion Bhd has announced it is now an affected listed corporation under Guidance Note 3 (GN3) after triggering the criteria pursuant to Rule 2.1(f) of GN3 of the ACE Market Market listing requirements.
KUALA LUMPUR: There was a slight rebound on the domestic market following the sharp drop in the previous session, although the gains were capped as investors looked ahead to the US Federal Reserve decision on Thursday.