KUALA LUMPUR (Nov 7): Based on corporate announcements and news flow today, companies in focus on Tuesday (Nov 8) may include: PIE Industrial, BHS Industries, New Hoong Fatt, Metronic Global, MNC Wireless, Scicom, Maypak and Axiata. Revenue rose 2.5% to RM54.48 million in 3QFY16 from RM53.17 million in 3QFY15, mainly due to higher demand in the local market. Metronic Global Bhd has revoked the special notice served to loss-making MNC Wireless Bhd to convene an extraordinary general meeting (EGM) for the removal of five directors. Based on latest Bursa Malaysia filings, Metronic Global held an 18.75% direct stake in MNC Wireless as at Oct 5, 2016. The additional 12.5% stake will cost Axiata US$35 million (RM147.4 million) and will be settled by cash.

Source: The Edge Markets November 07, 2016 16:07 UTC