KUALA LUMPUR, March 25 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday, tracking gains across regional markets as a sharp pullback in oil prices helped boost overall market sentiment, analysts said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 7.92 points or 0.46 per cent to 1,716.68 from Tuesday’s close of 1,708.76. The market bellwether opened 13.74 points higher at 1,722.50, and moved between 1,711.90 and 1,725.93 throughout the day. Market breadth was positive with gainers leading losers 559 to 523. A total of 488 counters were unchanged, 1,180 untraded and 24 suspended. Turnover decreased to 2.90 billion units worth RM3.26 billion from yesterday’s 3.35 billion units worth RM4.03 billion.
Empire Premium Food Bhd , the operator of the Empire Sushi chain , has launched its Main Market IPO , aiming to raise RM254 million to fund aggressive expansion across Malaysia. IPO Details and Valuation The offering is indicatively priced at 70 sen per share , implying a market capitalisation of RM770 million and a valuation of 20.3 times FY2025 earnings . RM152.6 million will go to the company RM96.3 million will be raised by existing shareholders (founders) Listing is scheduled for April 17 , with pricing on April 7 For FY2025, the group reported: Net profit: RM37.9 million Revenue: RM235.6 million Expansion Strategy Drives Growth Story A key IPO driver is Empire’s aggressive outlet expansion plan . The group aims to open 56 new outlets over the next three years , focusing on high-traffic locations such as: Shopping malls Airports Transit hubs More than 51% of IPO proceed...