News about Malaysia

KUALA LUMPUR (Nov 7): Nexgram Bhd saw the the resignation of two of its board members, namely its chairman Datuk Sri Wira Ayub Haji Yaakob and deputy chairman Tuan Haji Norzain Abdul Wahab, yesterday.

\KUALA LUMPUR (Nov 7): Shares in Malaysia Building Society Bhd (MBSB) jumped 10.

KUALA LUMPUR (Nov 7): Malaysian Resources Corp Bhd’s (MRCB) warrants were heavily traded yesterday, running ahead of the mother shares, on news that the government is likely to buy back the Eastern Dispersal Link (EDL).

KUALA LUMPUR (Nov 7): Malaysia Building Society Bhd (MBSB) is eyeing trade financing and money market opportunities now that it has inked a deal to acquire Asian Finance Bank (AFB) for RM644.

KUALA LUMPUR (Nov 6): Eastland Equity Bhd plans to undertake a renounceable rights issue of up to 294.

KUALA LUMPUR (Nov 3): Malaysian Resources Corp Bhd (MRCB) fell as much as 5.

KUALA LUMPUR (Nov 2): The proposed loosening of mortgage lending is insufficient to promote home ownership in the country as there is a mismatch between housing price and income levels, said the Malaysian Rating Corp Bhd (MARC).

KUALA LUMPUR (Oct 31): Ivory Properties Group Bhd is planning to buy a plot of commercial land in Sitiawan, Perak, for RM133.

KUALA LUMPUR (Nov 1): LBS Bina Group Bhd rose as much as 2.

KUALA LUMPUR (Nov 1): Property developer LBS Bina Group Bhd has proposed to split its shares on a one-to-two basis, followed by a bonus issuance on the basis of one bonus share for every 10 split shares held.