EKOVEST BHD: STOCK MOMENTUM AND ACQUISITION UPDATE
On July 28, 2025, Ekovest Bhd (KL:EKOVEST) was highlighted among stocks with notable momentum at Bursa Malaysia. According to reports from both KLSescreener.com and The Edge Malaysia , Ekovest experienced a significant increase of 7.50%, rising by three sen to 43 sen. This positive momentum was observed alongside other stocks such as Paragon Union Bhd, which showed a positive trend, while Gagasan Nadi Cergas Bhd, Rhone Ma Holdings Bhd, and UOA REIT displayed negative momentum.
The broader market context on this day was favorable, as Bursa Malaysia opened higher, supported by gains on Wall Street. The FTSE Bursa Malaysia KLCI (FBM KLCI) increased by 0.26% to 1,537.79, reflecting a positive sentiment in the market.
In corporate developments, Ekovest Bhd and its major shareholder, Tan Sri Lim Kang Hoo, have agreed to extend the deadline for the proposed RM1.15 billion acquisition of Credence Resources Sdn Bhd (CRSB) to August 29, 2025. This extension, reported by KLSescreener.com , allows additional time for discussions and negotiations to finalize the terms of the definitive agreement. The acquisition, initially set to conclude by July 28, 2025, is to be executed through the issuance of new shares.
EKOVEST BHD, a company specializing in renewable energy solutions, continues to focus on sustainable power generation, catering to various industries. Despite a negative price-earnings ratio of -8.26, the company’s market capitalization stands at 1,186,160,000 MYR, with a 52-week high of 0.475 MYR and a low of 0.245 MYR. The close price on July 24, 2025, was 0.4 MYR.
These developments reflect Ekovest’s strategic efforts to expand its portfolio and strengthen its position in the renewable energy sector.