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Hot Stock RGB jumps 11% after Edge Weekly reports co will supply gaming machines to casino operator in North Asia
by Cals Tue 09 Dec 2014, 03:50
Hot Stock
RGB jumps 11% after Edge Weekly reports co will supply gaming machines to casino operator in North Asia
KUALA LUMPUR (Dec 8): RGB International Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) jumped as much as 1.5 sen or 11% after The Edge Malaysia business and investment weekly (Edge Weekly) reported RGB would start supplying gaming machines to a casino operator in a North Asian country next year.
The three-year contract is valued at some US$300,000 (RM1.05 million) or US$100,000 a year, Edge Weekly said, quoting sources and RGB's exchange filing.
RGB shares rose to its highest so far today at 15.5 sen before reducing gains.
At 11.18am, RGB was traded at 14.5 sen with some 10 million shares done. The stock was the sixth most active entity across the bourse.
For comparison, the FBM KLCI fell 10.56 points or 0.6%.
According to Edge Weekly, the source said RGB, formerly known as Dreamgate Corp Bhd, would only supply the machines to the casino operator.
The contract will not see RGB maintaining the machines, according to the source.
RGB jumps 11% after Edge Weekly reports co will supply gaming machines to casino operator in North Asia
KUALA LUMPUR (Dec 8): RGB International Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) jumped as much as 1.5 sen or 11% after The Edge Malaysia business and investment weekly (Edge Weekly) reported RGB would start supplying gaming machines to a casino operator in a North Asian country next year.
The three-year contract is valued at some US$300,000 (RM1.05 million) or US$100,000 a year, Edge Weekly said, quoting sources and RGB's exchange filing.
RGB shares rose to its highest so far today at 15.5 sen before reducing gains.
At 11.18am, RGB was traded at 14.5 sen with some 10 million shares done. The stock was the sixth most active entity across the bourse.
For comparison, the FBM KLCI fell 10.56 points or 0.6%.
According to Edge Weekly, the source said RGB, formerly known as Dreamgate Corp Bhd, would only supply the machines to the casino operator.
The contract will not see RGB maintaining the machines, according to the source.
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