FBMKLCI 1531.47 DJ+0.15 CRUDE OIL110.78 RM2.9380

Five companies yesterday announced that trading in their securities will be suspended on May 10 until further notice due to failure to submit their annual audited financial statements on time. The companies are Atis Corp Bhd, Fitters Diversified Bhd, Mobif Bhd, Ecofuture Bhd, and H-Displays (MSC) Bhd.

Sumatec Resources Bhd has triggered the criteria pursuant to Practice Note No. 17 (PN17) of the Main Market Listing Requirements while biotechnology-based Equator Life Sciences Bhd has triggered the criteria pursuant to Guidance Note 3 (GN3) of the ACE Market Listing Requirements, Bursa Malaysia Securities announced yesterday.

Sunway Real Estate Investment Trust (SunREIT) posted a net profit of RM43.7mil for the third quarter ended March 31. SunREIT has declared a third interim income distribution of 1.70 sen per unit for the third quarter ended 31 March. For the first nine months, SunREIT's income before taxation was RM399.6mil comprising realised net income of RM126.2mil and unrealised income of RM273.4mil .

MClean Technologies Bhd’s initial public offering of 2.7 million new shares has been oversubscribed 100.49 times. In a statement yesterday, the Malaysian Issuing House Sdn Bhd (MIH) said a total of 8,947 applications for 274.02 million shares were received from the public. In addition, 75,000 new shares, initially set aside for business associates of the group, were made available to the public.

Ramunia has proposed a capital reCONSTRUCTION [] and rights issue to uplift from the Practice Note 17 status. The proposed share premium reduction will give rise to a credit of between RM98.31 million and RM100.69 million whilst the reduction of 25 sen in par value from each existing share of 50 sen each will give rise to a credit between RM185.32 million and RM244.65 million.

Commerce TECHNOLOGY [] Ventures Sdn. Bhd has ceased to be a substantial shareholder of Tricubes Bhd after it disposed of 14.5 million shares from April 24 to 27. Filings to Bursa Malaysia showed it sold 1.165 million shares on April 25 and 5.0 million shares on April 26. It sold 8.335 million shares on April 27.

The recent transactions reduced its stake to 6.20 million shares.