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Vsolar Group Bhd’s balance sheet as at Dec 31, 2023 did not indicate any urgency to raise fresh funds given that it had net cash of RM25 million and zero debt.
Loss-making oil bunkering services provider Fast Energy Holdings Berhad has emerged as a substantial shareholder in Vsolar Group Bhd after subscribing to 140 million shares in Vsolar’s rights issue exercise for RM14 million, or 10 sen apiece.
KUALA LUMPUR: Stocks in focus on Wednesday include MYEG, AE Multi, Eversendai, Central Global, Infomina, Ancon Nylex, Sunsuria, Minox, Straits Energy and ARB, said Apex Research.
Here is a brief recap of some corporate announcements that made news on Tuesday: AE Multi Holdings Bhd, Eversendai Resources Bhd, Central Global Bhd, Infomina Bhd, Ancom Nylex Bhd, Sunsuria Bhd, Minox International Group Bhd, Straits Energy Resources Bhd, MyEG Services Bhd and ARB Bhd.
AE Multi Holdings Bhd, whose share price tumbled from 12.2 sen at end-2020 to one sen currently, is planning to consolidate every 10 existing shares held by its shareholders into one share on an entitlement date to be determined later.
ACE Holdings Bhd, whose recent attempt to take over Apex Equity Holdings Bhd faced legal pushback from the Securities Commission Malaysia (SC), is being sued by several of its investors for allegedly failing to deliver the investment returns they were ...
HIGH risks may not always yield high returns — that would be the answer if you ask anyone who invested in penny stocks over the past 15 months or so. Like any stock market bubble in the past, a rally would not ...
Notable filings
For the week of Nov 29 to Dec 3, notable changes in shareholding at companies listed on Bursa Malaysia included those at EA Holdings Bhd (EAH), which saw property developer VinVest Capital Holdings Bhd, formerly Vivocom Intl Holdings Bhd, emerge ...
KUALA LUMPUR (Nov 19): Fintec Global Bhd said it has appointed AE Multi Holdings Bhd as the engineering, procurement, construction and commissioning (EPCC) contractor for 14 glove dipping lines in the former’s upcoming factory in Perak for RM49.37 million.
This follows ...