6 stories mentioning KLSE:QESUpdated 13d ago
Every FINWIRES story that references KLSE:QES, newest first.
Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
QES Group's (KLSE:QES) Singapore subsidiary has agreed to acquire two freehold office units in a Singapore development for SG$5.5 million, according to a Tuesday Bursa Malaysia filing.The units span a combined 314 square meters on the fifth floor of the Space Nova building.About 90% of the purchase will be settled via a mix of bank borrowings and internal funds.
QES Group (KLSE:QES) unit QES Manufacturing disposed of its 30% stake in its joint venture, Applied Engineering Technology (M), for 1.1 million ringgit in cash.QES Manufacturing and US-based Applied Engineering Technology formed a joint venture for electromechanical contract manufacturing, dubbed Applied Engineering Technology (M). QES Manufacturing held 30% stake, and Applied Engineering Technology owned 70% of the venture.The company said the disposal will allow the group to focus on its existing businesses, as Applied Engineering Technology (M) has been loss-making since 2021.
QES Group (KLSE:QES) said Bursa Malaysia has approved the listing and quotation of 83.3 million new shares to be issued to Ray Tech Singapore, a unit of Unicomp Technology (Group) (SHA:688531)The proposed issuance represents 10% of QES Group's issued shares, excluding treasury shares, at 0.53 ringgit per share, raising about 44.1 million ringgit.The approval is subject to QES Group and its adviser UOB Kay Hian complying with the Main Market Listing Requirements and other conditions, including shareholder approval and confirmation of completion.
QES Group (KLSE:QES) unit QES Mechatronic signed a memorandum of understanding with Unicomp Technology's (SHA:688531) unit Ray Tech Singapore, to explore cooperation in semiconductor inspection equipment, according to a Friday Malaysian bourse filing.QES' shares fell about 4% in Monday's midday trade.The collaboration covers ASEAN distribution, manufacturing optimisation for inspection systems, and the use of Unicomp's global demonstration centres to support market development and technology showcasing.Both parties will also explore next-generation X-ray inspection technologies, with intellectual property arrangements, along with a joint coordination mechanism to monitor progress.The arrangement is non-binding and has a three-year term, it said.
