EVENING 5: Five things you need to know today

TheEdge Wed, Feb 14, 2024 08:43pm - 2 months View Original


EVENING 5: Prolintas to go public in 1Q, Malaysia’s first highway business trust to be listed

Here’s a quick look at some of the stories that made headlines today.

Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.

1. Projek Lintasan Kota Holdings Sdn Bhd is set to be listed by the 1Q2024 in what could be one the market’s biggest listings in the past couple of years. 

2. Former 1Malaysia Development Bhd general counsel Jasmine Loo told the court at the 1MDB-Tanore trial that fugitive Low Taek Jho had threatened to make her life "a living hell" if she returned to Malaysia.

3. Malaysia Marine and Heavy Engineering Holdings Bhd incurred a net loss RM484 million for FY2023 due additional cost provisions and weaker ringgit. 

4.  IHH Healthcare Bhd said Agilus Diagnostic Ltd, a subsidiary of its associate Fortis Healthcare Ltd, has decided to withdraw its initial public offer application to the Securities and Exchange Board of India.

5. PLB Engineering Bhd's external auditor flagged a material uncertainty that could cast significant doubt on its ability to continue as a going concern.

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