MMAG Unit, Teleport Everywhere Forge Strategic Alliance; Shares Rally 3%

MMAG Holdings (KLSE:MMAG) unit MJets Air signed a cargo interline deal with Teleport Everywhere to form a new strategic interline partnership, according to a Thursday Malaysian bourse filing. The coll

MT NewswiresJul 5 00:42 ET

MY Morning Wrap | Ocean Fresh Makes Strong Debut on Bursa Malaysia's ACE Market

Stocks to watch: Ocean Fresh, Keyfield, Awantec.

Moomoo News MYJul 4 20:56 ET

Toyo Venture, Keyfield, Awantec, MMAG, Mudajaya, GHL Systems, SHH Resources

Here is brief recap of some business news and corporate announcements that made the headlines on Thursday.

The Edge MarketsJul 4 11:52 ET

MMAG’s air cargo unit inks interline deal with Teleport

MMAG Holdings Bhd (KL:MMAG) said its 80%-owned cargo unit MJets Air Sdn Bhd has inked a cargo interline agreement with Capital A Bhd’s (KL:CAPITALA) logistics arm Teleport Everywhere Pte Ltd to improve cargo operations.

The Edge MarketsJul 4 07:55 ET

Velocity Sells 85% Stake in Subsidiary to Former Shareholder MMAG for RM20 Million

Velocity Capital Partner Bhd (KL:VELOCITY) is selling an 85% stake in Cipta X Sdn Bhd, an information technology firm, to MMAG Holdings Bhd (KL:MMAG) for RM20 million in cash, according to filing with Bursa Malaysia. The remaining 15% stake in Cipta X, formerly known as Solutions Sdn Bhd, is held by Lai Kwok Ching, who bought the stake from Green Packet Bhd (KL:GPACKET) on Jan 24 for RM3.5 million.

The Edge MarketsJun 27 11:52 ET

Bursa Small-cap Index Near Ten-year High Amid Tech Upcycle, Notches RM40b Year-to-date Gains

Bursa Malaysia's FBM Small Cap Index neared a ten-year high on Friday amid the widely-anticipated global technology upcycle, with small-cap counters gaining nearly RM40 billion in market value since the start of the year.

The Edge MarketsJun 9 21:30 ET