Brem Holding Bhd's share price on Monday (Nov 29) spiked as much as 30.34% past RM1 for the first time in about four years since January 2018 after the builder and property developer announced last Friday it had received a letter from major shareholders Brem Properties Sdn Bhd and Tan Sri Khoo Chai Kaa on their intention to privatise Brem Holding via selective capital reduction and repayment (SCR).
RHB Retail Research said Mah Sing Group Bhd is attempting to extend its technical rebound.
In a supporting affidavit in response to the action, Thomas claimed Najib filed the suit for political reasons in time for the Melaka elections and the next general elections which must be held by the middle of 2023.
Hong Leong Investment Bank Research said in a note Genting's core loss after tax and minority interests (LATAMI) of RM296.9 million in the third quarter ended Sept 30, 2021 (3QFY21), which brought its 9MFY21 cumulative loss to RM998.1 million, was above its expectation as it expects Genting to be profitable in the next quarter.
... on factors including rising fuel prices and discontinuation of electricity bill discounts by the government.
Its revenue, however, fell 34.49% to RM388.24 million from RM592.63 million a year ago.
These assets are currently held by its subsidiaries.
This marked the third time the group incurred losses in the last two years.
Compared to the preceding quarter, the group’s net profit increased 49.3% from RM6.13 million.
Its quarterly revenue, however, increased slightly by 3.68% to RM1.07 billion from RM1.03 billion.
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