♦Corporate Top Stories
1⃣ Century, announced that trading in its shares will be suspended with effect from 9am to 12.30pm, pending an announcement.2⃣ Wah Seong bagged an estimated RM2.73b contract involving pipe coating services for the Nord Stream 2 gas pipeline, which is about 1,200km.
3⃣ Telekom has subscribed to RM495m of the second tranche issuance of webe's convertible medium term note.
4⃣ Sunsuria plan to sell Concord Property Management SB, for RM38.1m.
5⃣ L&G is not putting any of its launches on the back burner, as it anticipates the market to gradually recover starting next year.
6⃣ Magna's proposed acquisition of a 5.25-acre leasehold land in Shah Alam for RM43m to be developed into a residential project is deemed as fair and reasonable, says Affin.
7⃣ Bioalpha has proposed rights issue on the basis of 1:5 to potentially raise up to RM28m, mainly used for launching new products and developing its herbal park in Terengganu.
8⃣Loss-making timber products manufacturer NWP announced that it has been appointed as the turnkey contractor for several affordable housing projects.
Financial Result Highlight 📬
📩 BJFood Bhd started its FY17 with an 18.08% drop in 1Q net profit to RM5m (1.32 sen /share). The weaker ringgit in the quarter caused its Starbucks coffee chain's profit margin to shrink,
Sources: theedgemarkets.com ; thestar.com
