KLSE:MNHLDG

4 stories mentioning KLSE:MNHLDGUpdated just now

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MN Holdings Directors Sell Shares Worth MYR28 Million Via Off-Market Transactions

Three directors of infrastructure developer MN Holdings (KLSE:MNHLDG) have sold a cumulative 10 million shares worth 28 million ringgit to institutional funds through off-market transactions, according to a Monday filing to the Malaysian bourse.Managing director Toh Eng Keat and executive directors Loy Siong Hay and Dang Siong Diang sold shares at 2.80 ringgit each, representing a discount of about 3.4% to MN Holdings' closing price of 2.90 ringgit on Monday.While Loy and Toh each sold 4 million shares for 11.2 million ringgit, Loy's direct stake was reduced to 97.71 million shares, or 14.6%, and Toh's stake to 85.35 million shares, or 12.8%.Meanwhile, Dang sold 2 million shares worth 5.6 million ringgit and was left with 39.30 million shares, or a 5.9% stake.

KLSE:MNHLDG

Asia77d ago

MN Unit Bags MYR84 Million Contract to Power Malaysian Data Center; Shares Rise 3%

MN (KLSE:MNHLDG) unit MN Utilities Engineering secured a letter of award worth 83.5 million ringgit to build a 275 kilovolt consumer landing station for a data centre project in southern Peninsular Malaysia, according to a Friday Malaysian bourse filing.Shares gained over 3% in Monday's midday trade.The work involved covers the design, building, provision, fitting, testing, and operational startup of a facility for a data hosting and processing company.The project is scheduled to run from May 11, 2026, to January 31, 2027, and is expected to contribute positively to future earnings and net assets, the filing said.

KLSE:MNHLDG

Asia105d ago

Malaysian Shares Extend Gains on Hopes of US-Iran Diplomatic Progress; MN's Shares Rise 5%

Malaysian shares extended gains on Monday, as investors reacted to renewed optimism over a possible de-escalation in hostilities between the US and Iran, and the second phase of peace talks in Islamabad.The FTSE Bursa Malaysia KLCI gained 7.09 points to end 0.4% higher at 1,702.30. The day range was between 1,689.00 and 1,703.64.In economic news, Malaysia's total trade in goods rose 9.3% annually to 273 billion ringgit in March, driven by growth in both exports and imports, according to data released by the Department of Statistics Malaysia. Exports increased 8.3% year on year to 148.8 billion ringgit, while imports rose 10.4% to 124.2 billion ringgit. As a result, the trade surplus stood at 24.6 billion ringgit, slightly lower by 215.5 million ringgit compared with a year earlier.In local news, Malaysia's rubber glove industry is facing rising cost pressure as the US-Iran conflict drives up prices of oil-linked raw materials used in production, the Nikkei Asian Review reported. Major producers such as Top Glove (KLSE:TOPGLOV) and Hartalega (KLSE:HARTA) have been able to raise selling prices to offset higher input costs, while demand remains broadly stable.In corporate news, shares of MN (KLSE:MNHLDG) rose 5% on Monday's close after its unit MN Utilities Engineering accepted a purchase order worth 275.9 million ringgit for a data center infrastructure project in Malaysia.

FTSE Bursa Malaysia KLCIKLSE:HARTAKLSE:MNHLDGKLSE:TOPGLOV

Asia106d ago

MN Unit Bags MYR276 Million Data Center Infrastructure Project; Shares Rise 5%

MN (KLSE:MNHLDG) unit MN Utilities Engineering has accepted a purchase order worth 275.9 million ringgit for a data center infrastructure project in Malaysia, according to a Friday's Malaysian bourse filing.Shares gained over 5% in Monday's midday trade.The contract was awarded by a company providing hosting and data processing services. It covers the design, supply, installation, testing, and commissioning of a 275 kilovolt consumer landing station.The project is expected to be completed by June 30, 2027, with final scope to be divided into two phases, the filing said.

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