KUALA LUMPUR: Shares in Mah Sing Group Bhd, which has been on an uptrend, rose over 13% in early trade to its highest in over two years.
The developer added 13.23%, or 12.5 sen to RM1.07, highest since September 2018. It is one of the most heavily traded counters on Bursa Malaysia with over 107 million shares traded.Mah Sing will be spending up to RM150mil in capital expenditure for the first phase of its proposed rubber glove venture, which will be funded via internal funds, bank borrowings and sukuk issuance.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
