Trading ideas: Axiata, Mega First, Vstecs, Pharmaniaga, Sarawak Cable, Paragon Globe, CIMB, IHH, Ni Hsin

TheStar Thu, May 09, 2024 07:31am - 1 month View Original


KUALA LUMPUR: Here is a summary of the news headlines from Corporate Malaysia.

Axiata Group Bhd and Indonesian group PT Sinar Mas have sought permission from the Indonesian government to merge their telco units, the Indonesian communications minister Budi Arie Setiadi told Reuters on Wednesday.

Mega First Corp Bhd is buying a 64% stake in CSC Agriculture Holdings Sdn Bhd, a company that is involved in plantation and the wholesale of fruits and vegetables, for RM25mn.

Vstecs Bhd’s wholly-owned subsidiary Vstecs Ku Sdn Bhd has been picked as Amazon Web Services' first distributor in Malaysia.

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