KUALA LUMPUR (July 16): Shares in My E.G. Services Bhd (MyEG) rose as much as 6% in early trade today to hit its intraday high of 96.5 sen. The stock pared some of its gains to close the morning session up 5.5% or 5 sen at 95.5 sen, with 42.2 million shares changing hands – making it the most active counter on Bursa Malaysia.
The race to launch flying taxis hotted up over the weekend, as Rolls-Royce revealed its interest in designing one. Fun fact: it’s not the luxury car brand from the UK that you’re thinking of. It’s actually the parent company that shares the same name that made the announcement. Besides owning a car brand, it also builds aviation engines. Rolls-Royce unveiled its concept for the Farnborough International Airshow 2018, yesterday. It reported plans for an “electric vertical take-off and landing” (EVTOL) vehicle, that could carry four to five people at speeds of about 400 kph for distances of about 800 km.… This story continues at The Next Web
The average ticket size of GEC-KIP Technology and Innovation Fund will be between US$1.5M and US$3.7M with follow-on potential Singapore-based Golden Equator Capital (GEC) and Seoul-headquartered Korea Investment Partners (KIP) have announced the launch of a S$120 million (US$88 million) fund to invest in Series A and Series B high-growth technology companies in Southeast Asia. […]
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