Sam Engineering has proposed a bonus issue of 406.05 million shares on the basis of three new shares for every share held.
Reach Energy said its unit Emir-Oil LLP which is located in Republic of Kazakhstan might be affected by the country’s recent state of emergency declaration.
It said the cumulative effects might contribute to a shortfall and impact the company financially and operationally.
However, it is unable to ascertain the full financial and operational impact at this juncture due to the uncertain situation in Kazakhstan.
Samaiden has teamed up with a Sarawak-based firm to provide solutions for the renewable energy (RE) market in East Malaysia.
Samaiden said that under the three-year deal with Sinowaja (Malaysia) Sdn Bhd, the two parties will initially focus on projects related to solar photovoltaic, as well as smart or microgrid systems.
SMTrack said it is in early stages of negotiation with a government-linked company (GLC) and that no agreement had been reached at this juncture, in response to a news report that a GLC is eyeing a 10% stake in the radio-frequency identification (RFID) company.
Serba Dinamik has slipped into Practice Note 17 (PN17) status after its external auditor Nexia SSY PLT expressed a disclaimer of opinion on its audited financial statements for the 18-month period ended June 30, 2021.
Meanwhile, the FBM KLCI is expected to trend lower towards the support of 1,515 points after declining declined 14.59 points to 1,533.36 yesterday.
Overnight, the US market declined after jobless claims were higher than expected.
Meanwhile, European stocks tumbled following concerns over more aggressive tapering from the US Federal Reserve.