KUALA LUMPUR: Shares of Kuchai Development Bhd
surged almost 18% in early trade on news that the company is poised to be a major beneficiary from the impending listing of Great Eastern’s insurance arm in Malaysia.
The counter jumped 31 sen, or 17.61% to RM2.08, its all time high. It is currently the second top gainer on Bursa Malaysia with over 1.88 million shares traded.
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