KUALA LUMPUR (Nov 25): Here is a brief recap of some corporate announcements that made the news on Friday (Nov 25) involving Infomina Bhd, Genting Malaysia Bhd, Petronas Chemicals Group Bhd, Axiata Group Bhd, Sunway Bhd, Affin Bank Bhd, Dagang NeXchange Bhd, IOI Corp Bhd, Sarawak Oil Palms Bhd, Uchi Technologies Bhd, Bintulu Port Holdings Bhd, IJM Corp Bhd, Chin Hin Group Bhd, OM Holdings Ltd, Bintai Kinden Corp Bhd, Tenaga Nasional Bhd and IGB Bhd.

Infomina Bhd made a strong debut on the ACE Market on Friday. The stock jumped by as much as 60% to an intraday high of 64 sen in early trading, despite profit-taking sentiment in the broader market. At market close, the stock pared some gains to settle at 53.5 sen per share — marking a 13.5 sen or 34% gain for Infomina's debut day, with 172.63 million shares traded. It was the third most actively traded stock of the day among all Bursa Malaysia-listed securities. In comparison, the FBM KLCI fell by 1% or 15.34 points to 1,486.54, with 629 stocks on Bursa Malaysia closing lower versus 347 gainers and 362 unchanged.

Genting Malaysia Bhd, along with six other companies bidding for a new 10-year gaming concession in Macau from 2023, may have to increase their proposed level of investment. Citing a report from TDM Portuguese radio, gaming industry magazine Inside Asian Gaming (IAG) on Wednesday (Nov 23) said the Macau government had sought an increase in investments as the bidding parties completed negotiations with the government and submitted their final proposals this week. IAG also reported that the preliminary results of the tender committee is expected to be announced shortly, possibly as early as this week.

Infomina, Genting Malaysia, PetChem, Axiata, Sunway, Affin Bank, DNeX, IOI Corp, Sarawak Oil Palms, Uchi Technologies, Bintulu Port, IJM Corp, Chin Hin, OM Holdings, Bintai Kinden, TNB and IGB