Malaysian Shares Maintain Five-Day Losing Streak; Metronic Global Plunges 25%

Malaysian shares finished lower for a fifth straight session to end in the red zone on Thursday. The investors remained cautious amid concerns about U.S. interest rates. The FTSE Bursa Malaysia KLCI,

MT NewswiresMay 30 06:04 ET

Avillion, Sonid to Explore Opportunities in Malaysia, South Korea

Malaysia's Avillion (KLSE:AVI) inked a memorandum of understanding with South Korean firm Sonid (KOSDAQ:060230) to develop vacation and retirement properties in Malaysia and Korea jointly. The MOU wil

MT NewswiresMay 27 02:48 ET

Auditor Raises Doubts Over Avillion's Ability to Continue as a Going Concern

Avillion Bhd said its auditor has raised concerns about the loss-making property and hospitality group's ability to continue operating as a going concern in its audited financial statements for the financial year ended March 31, 2023 (FY2023).

The Edge MarketsJul 31, 2023 08:16 ET