KUALA LUMPUR (Sept 13): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Sept 14) could include: AWC, Leweko, Axiata, PPB Group, MAHB, Asdion, Three-A Resources, Hibiscus and Melewar. Sawn and moulded timber products manufacturer Leweko Resources Bhd has bagged a subcontract from Iswarabena Sdn Bhd valued at RM14.5 million for the supply of building materials. Axiata Group Bhd is said to be paring stakes in the group's oversea operation to raise up to US$700 million (about RM2.9 billion) to cut borrowings, according to a Bloomberg report, quoting sources. Steel pipe maker Melewar Industrial Group Bhd was slapped with an unusual market activity query by Bursa securities, on the rise in its share price and volume recently. Melewar's share price surged 35% or 14 sen to 54 sen today, with 36.4 million shares exchanging hands.

Source: The Edge Markets September 13, 2016 15:33 UTC