4 stories mentioning KLSE:INFOMUpdated 5h ago
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Infomina (KLSE:INFOM) acquired a 51% stake in Blue Fortress for 25.5 million ringgit, according to a Friday Bursa Malaysia filing.The acquisition, carried out by unit, Infomina Services, will see the subsidiary buy 102,000 shares in the cybersecurity specialist, with Blue Fortress managing director Luke Shu Ern Huong receiving 366.67 ringgit per share for 42,000 shares.
Infomina Services, a wholly-owned subsidiary of Infomina (KLSE:INFOM) has agreed to acquire a 51% stake in technology company Blue Fortress for 25.5 million ringgit, according to a Wednesday filing to the Malaysian stock exchange.The company's shares were up nearly 2% in Thursday's trade.The company will acquire a total of 102,000 ordinary shares from Luke Shu Ern Huong, Seu Nga @ Peter Shu, Tan Chin Moy and Yap Sin Hoe.The acquisition is aimed at expanding the company's enterprise technology ecosystem by adding specialized cybersecurity and digital trust capabilities to complement its existing strengths in digital transformation, data and artificial intelligence-enabled solutions.
Malaysian shares ended in the red on Thursday, snapping yesterday's gains. Investor sentiment turned cautious despite Bank Negara Malaysia's decision to hold the interest rate at 2.75%, as expected.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 5.97 points to end 0.4% lower at 1,677.64.In economic news, Bank Negara Malaysia (BNM) voted to maintain its benchmark Overnight Policy Rate at 2.75% at the conclusion of its Monetary Policy Committee (MPC) meeting on Thursday. The decision, which matched the consensus forecast tracked by Investing.com, keeps borrowing costs at their current level after keeping the rate unchanged in its previous policy move as well.Malaysia's Industrial Production Index rose 8.4% year over year in May, according to data from the Department of Statistics Malaysia (DOSM). The pace of growth accelerated from the 8.2% increase recorded in the previous month. However, the latest reading missed the consensus forecast of a 9.5% increase tracked by Investing.com.In corporate news, shares of Infomina (KLSE:INFOM) jumped over 5% on Thursday's close after it bagged a 21.1 million ringgit contract from Jabatan Pengangkutan Jalan to provide technology infrastructure operations, maintenance and support services.AEON Credit Service (M)'s (KLSE:AEONCR) profit attributable to shareholders jumped 23% to 95.2 million ringgit in the fiscal first quarter ended May 31, from 77.5 million ringgit a year earlier.
Infomina (KLSE:INFOM) bagged a 21.1 million ringgit contract from Jabatan Pengangkutan Jalan to provide technology infrastructure operations, maintenance and support services, according to a Wednesday Malaysian bourse filing.Shares gained over 2% in Thursday's midday trade.The 36-month contract runs from Aug. 1, 2026, to July 31, 2029. It covers ICT infrastructure and networking hardware across more than 170 JPJ branches nationwide, including its mobile vehicles.The contract is expected to contribute positively to the group's earnings over the contract period.
