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CIMB Securities has reiterated its buy recommendation on Padini Holdings after the retailer resolved its Malaysian Anti-Corruption Commission investigation, potentially clearing the path for share price appreciation.
Three significant corporate developments emerged from the Malaysian bourse this week: Berjaya Property commits RM58 million to the Perlis Maritime Corridor, Cropmate resolves MACC investigations, and Liftech Engineering bags a RM25 million aerospace systems contract.