KUALA LUMPUR: Following related corporate announcements, there could be investor interest in HLT Global, Boustead Holdings, Sunway, Magna Prima, Iskandar Waterfront City, AmFIRST Real Estate Investment Trust, Homeritz Corp, M3 Technologies (Asia) and Artroniq, says JF Apex Research.
HLT Global Bhd is acquiring a 2.55-acre land in Kuala Langat, Selangor for RM16.25mil to boost its glove-dipping production capacity.
Boustead Holdings Bhd is selling a 6.59-acre piece of freehold land on Jalan Cochrane in Kuala Lumpur to Sunway Bhd for RM233.39mil.
Magna Prima Bhd is disposing of a four-storey commercial building in Kuala Lumpur for RM56mil to settle its debts.
Iskandar Waterfront City Bhd (IWCity) announced a share placement which will see businessman Ong Yoong Nyock emerging as a substantial shareholder in the group, AmFIRST Real Estate Investment Trust (AmFIRST REIT) saw its net property income (NPI) for the fourth quarter ended March 31, 2021 declined 33.72% to RM12.55mil.
Homeritz Corp Bhd announced a one-week suspension of operations across all of its factories and administrative office due to Covid-19.
M3 Technologies (Asia) Bhd's shareholders rejected the mobile solutions provider’s proposed private placement at its EGM, and a group of Artroniq Bhd (formerly Plastrade Technology Bhd) shareholders wants to have the company's entire board of directors removed.
Trading ideas: HLT Global, Boustead Holdings, Sunway
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