3 stories mentioning KLSE:LEFORMUpdated 35d ago
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Leform (KLSE:LEFORM) is seeking to renew its authorization to conduct revenue-generating transactions at its upcoming annual general meeting, according to a Tuesday Malaysian bourse filing.The steel products manufacturer will share a statement containing details of the plans with shareholders in due time, it said.
Malaysian shares ended in green on Thursday, bucking a downbeat regional trend. The investor sentiment rebounded following the extended ceasefire between US and Iran.The FTSE Bursa Malaysia KLCI gained 11.31 points to end 0.7% higher at 1,721.70. The day range was between 1,714.41 and 1,723.51.In local news, Malaysia does not own the 200 million liters of diesel bound for Australia, government-owned Bernama reported, citing Communications Minister Fahmi Fadzi. Fadzi said the diesel belongs to an international company that uses Malaysia as a storage hub, and is not Malaysian-produced diesel.In corporate news, Glass Lewis issued a controversy alert for PPB Group (KLSE:PPB) ahead of its May 14 AGM, citing governance and ESG concerns tied to Wilmar International. The alert follows a 4.17 billion ringgit impairment on PPB's Wilmar investment, which led to a group-level net loss. The write-down reflects regulatory, legal and compliance risks in Indonesia and weaker conditions in China, raising concerns over Wilmar's future earnings contribution.Shares of Leform (KLSE:LEFORM) dropped about 3% on Thursday's close after it signed a memorandum of understanding with Nippon Steel Trading and NST Trading Malaysia, to establish a long-term collaboration framework.
Leform (KLSE:LEFORM) signed a memorandum of understanding with Nippon Steel Trading and NST Trading Malaysia, to establish a long-term collaboration framework, according to a Wednesday Malaysian bourse filing.Shares dropped about 6% in Thursday's afternoon trade.Under the deal, Leform aims to increase steel material sourcing from NST Trading Malaysia and Nippon Steel Trading, while the partners will work to meet its supply needs and improve procurement efficiency.The collaboration also includes joint efforts in negotiating with Malaysian steel suppliers and sharing technical know-how to enhance factory operations.The MoU is valid until March 2036, and will strengthen supply chain stability and operational efficiency for Leform's steel business, the filing said.