KUALA LUMPUR (May 25): Based on corporate announcements and news flow today, stocks in focus on Monday (May 28) may include the following: IHH Healthcare Bhd, Power Root Bhd, MyEG Services Bhd, AsianPac Holdings Bhd, Chemical Company of Malaysia Bhd, Brahim’s Holdings Bhd, Malaysia Steel Works (KL) Bhd, Pestech International Bhd, Eastern & Oriental Bhd's, Tenaga Nasional Bhd and Sime Darby Bhd.
IHH Healthcare Bhd has extended the acceptance period for its enhanced revised offer to acquire a stake in India’s Fortis Healthcare Ltd by another month.
Fiat Chrysler announced a recall for 4.8 million of its vehicles Friday over an issue that causes them to get stuck in cruise control. The problem occurs when the vehicle is forced to accelerate while cruise control is engaged, something that might happen while it’s climbing a steep hill, for instance.
That acceleration can cause a short circuit, which causes the vehicle to be locked in cruise control. Drivers are still able to slow down their vehicle by hitting the brakes or shifting into neutral, CNN reports. No injuries have been reported, and the issue has reportedly only happened once. The recalled vehicles include:
2015-17 Chrysler 200 sedan
2014-18 Chrysler 300 sedan
2014-18 Dodge Charger sedan
2014-18 Dodge Durango SUV
2014-18 Dodge Journey crossover
2014-18 Jeep Cherokee SUV
2014-18 Jeep Grand Cherokee SUV
2014-18 Ram 2500 pickup
2014-18 Ram 3500 cab chassis
2014-18 Ram 3500 pickup
2014-18 Ram 4500/5500 cab chassis
2014-19 Ram 1500 pickup
2015-18 Dodge Challenger coupe
2017-18 Chrysler Pacifica minivan
2018 Jeep Wrangler
Owners of the recalled vehicles should avoid cruise control and take their vehicle to the dealership for a free software update that corrects the issue.