Trading ideas: AME Elite, AirAsia X, Nationgate, MN Holdings, SE Estate Builder, UEM Sunrise, Axteria, CLMT, BAT, United Plantations, Gadang

TheStar Thu, Jul 25, 2024 07:53am - 2 months View Original


KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.

AME Elite Consortium Bhd is selling four industrial properties in Johor to its 49.62%-owned unit AME Real Estate Investment Trust for RM119.5mn.

AirAsia X Bhd reported a 42% increase in passenger traffic to 880,265 in the 2Q24 from 621,984 in 2Q23, driven by peak spring travel seasons and the Eid holiday.

Nationgate Holdings Bhd plans to issue 207.39mn new shares to raise RM429.3mn at a price nearly six times its initial public offering of 38sen per share, achieved just 19 months ago.

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