EVENING 5: Genting, GenM skids to four-year lows
Here’s a quick look at some of the stories that made headlines today.
Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.
1. Genting Bhd and Genting Malaysia Bhd saw their counters slide to four-year lows as investors looked past analysts’ “buy” calls.
2. Malaysia's water asset custodian Pengurusan Aset Air Bhd is set to invest nearly RM1 billion to fund the construction of two water treatment plants in Seberang Perai, Penang.
3. Air fragrance maker Vanzo Holdings Bhd, which made its debut on the ACE Market on Tuesday, said there is still ample room for growth in the domestic market.
4. VSolar Group Bhd has proposed a share capital reduction to eliminate up to RM100 million of its accumulated losses.
5. Target 1 Sdn Bhd alleged that South Malaysia Industries Bhd is not cooperating to facilitate the extraordinary general meeting scheduled for Jan 9, 2025.