EVENING 5: Five things you need to know today
Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.
1. KNM Group Bhd has defaulted on three credit facilities totalling about RM417.6 million and warns of possible cross defaults.
2. Wah Seong Corp Bhd has secured a US$127.09 million contract from Yinson Holdings Bhd.
3. MIDF Research expects the FBM KLCI is expected to breach the 1,700 level by the end of 2023.
4. Gamuda Bhd plans to acquire a 30% stake in ERS Energy Sdn Bhd for RM200 million.
5. Clean energy specialist Solarvest Holdings Bhd is venturing into the electric vehicle charging port market.
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