KLSE:THETA

5 stories mentioning KLSE:THETAUpdated 1d ago

Every FINWIRES story that references KLSE:THETA, newest first.

Malaysian Shares Snap Six-Day Winning Streak Mirroring Regional Performance; Theta Edge Rallies 29%

Malaysian shares erased gains of the previous six sessions to end in the red on Thursday. The sentiment was in line with a downbeat regional performance amid waning hopes of US-Iran peace negotiations.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 11.02 points to end 0.6% lower at 1,737.15.In corporate news, shares of Theta Edge (KLSE:THETA) jumped 29% on today's close after its unincorporated joint venture company, MRCB-Theta JV, secured an order worth 3.03 billion ringgit from MRT.Whereas, shares of Heineken Malaysia's (KLSE:HEIM) slumped over 10% on close after it reported profit attributable to owners of 50.5 million ringgit in the second quarter, down 39% from 83 million ringgit a year earlier.Batu Kawan (KLSE:BKAWAN) unit Whitmore will acquire the remaining shares in MKH (KLSE:MKH), that it does not already own, through an unconditional mandatory takeover offer. The shares will be purchased at 2 ringgit per share, after the offer became unconditional. Batu Kawan's shares ended flat today.

FTSE Bursa Malaysia KLCIKLSE:BKAWANKLSE:HEIMKLSE:THETA

Asia2d ago

Theta Edge JV Bags New Order Worth MYR3.03 Billion; Shares Surge 25%

Theta Edge (KLSE:THETA) said its unincorporated joint venture company, MRCB-Theta JV, has secured an order worth 3.03 billion ringgit from MRT Corporation, according to a Thursday filing to the Malaysian bourse.The company's shares jumped over 25% in recent trade.The joint venture between the company and Malaysian Resources Corporation has been awarded the role of system turnkey contractor for the engineering, design, procurement, construction, testing and commissioning, and maintenance of the railway systems for the Rapid Transit Aliran Ringan (LRT) Pulau Pinang - Laluan Mutiara project.As the system turnkey contractor, Theta is also expected to undertake selected technology-related work packages comprising railway systems, telecommunications, and digital infrastructure works.The project is expected to contribute positively to the future earnings of the group over the duration of the project.

KLSE:THETA

Asia33d ago

Theta Edge, Nova MSC Terminate E-Government Joint Venture

Theta Edge (KLSE:THETA) and Nova MSC (KLSE:NOVAMSC) agreed to terminate their joint venture to develop and market e-government and digital transformation solutions, according to a Friday Malaysian bourse filing.Shares gained 1% in Monday's late morning trade.The companies will discuss the next steps for their jointly owned Digital EG, including the possibility of winding up the company, subject to mutual agreement and the terms of the joint venture agreement.Theta Edge said the termination is not expected to have a material impact on its earnings, net assets or gearing for the financial year ending Dec. 31.

KLSE:NOVAMSCKLSE:THETA

Asia46d ago

Malaysian Shares Extend Losses Mirroring Downbeat Regional Sentiment

Malaysian shares ended in the red on Monday, erasing gains from the previous session, and bucking a positive regional performance.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 20.92 points to end 1.2% lower at 1,679.92.In corporate news, shares of Kerjaya Prospek Group (KLSE:KERJAYA) slid over 2% on Tuesday's close after its unit Kerjaya Prospek (M)secured a 488.4 million ringgit building contract from Persada Mentari for a development project in Penang, Malaysia.Shares of Theta Edge (KLSE:THETA) slid about 1% on close after it decided to abort its proposed private placement of up to 23.6 million shares, representing about 20% of its existing issued share capital. The company said the decision was made after board deliberation, citing plans to explore alternative fundraising avenues that could potentially raise higher proceeds.Topmix (KLSE:TOPMIX) unit Luma International launched a digital renovation platform, myRuma. The platform combines financing, quality checks, risk coverage, and a network of vetted contractors to make renovation services more structured and easier to manage for homeowners. Shares ended flat today.

FTSE Bursa Malaysia KLCIKLSE:KERJAYAKLSE:THETAKLSE:TOPMIX

Asia46d ago

Theta Edge Shelves Private Placement Plans

Theta Edge (KLSE:THETA) has decided to abort its proposed private placement of up to 23.6 million shares, representing about 20% of its existing issued share capital.The company said the decision was made after board deliberation, citing plans to explore alternative fundraising avenues that could potentially raise higher proceeds, according to a Tuesday Malaysian bourse filing.Theta Edge said it will continue evaluating other capital-raising options for its business needs.

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