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Hot Stock Salcon share, warrants surge on big Johor project
by Cals Fri 21 Jun 2013, 15:44
Hot Stock Salcon share, warrants surge on big Johor project
Business & Markets 2013
Written by Kamarul Anwar of theedgemalaysia.com
Friday, 21 June 2013 15:34
KUALA LUMPUR (June 21): Investors chased SALCON BHD [] shares and warrants today following reports that the water and waste water engineering company-turned-property developer was tying up with a property heavyweight to develop a RM1.2 billion mixed commercial project in Johor.
At 3:15 pm, Salcon shares were traded 5.5 sen or 9.65% higher at 62.5 sen with 9.396 million shares transacted. The stock went up to a high of 63 sen today.
At the same time, the company warrants surged by 5.5 sen or 50% to 16.5 sen. The warrants had a trading volume of 3.16 million.
Yesterday, Salcon executive director Datuk Leong Kok Wah told reporters that the company will soon develop a RM1.2 billion mixed commercial project in Johor with Eco-World Development Sdn Bhd.
The latter company has S P Setia Bhd’s Tan Sri Liew Kee Sin and his son sitting on the board.
The project in Johor, known as JB Festival Mall and Serviced Apartments, is majority-owned by Salcon.
Leong also said the company is still in the water engineering business. The company has submitted bids for RM1.8 billion worth of water-based contracts so far this year
Business & Markets 2013
Written by Kamarul Anwar of theedgemalaysia.com
Friday, 21 June 2013 15:34
KUALA LUMPUR (June 21): Investors chased SALCON BHD [] shares and warrants today following reports that the water and waste water engineering company-turned-property developer was tying up with a property heavyweight to develop a RM1.2 billion mixed commercial project in Johor.
At 3:15 pm, Salcon shares were traded 5.5 sen or 9.65% higher at 62.5 sen with 9.396 million shares transacted. The stock went up to a high of 63 sen today.
At the same time, the company warrants surged by 5.5 sen or 50% to 16.5 sen. The warrants had a trading volume of 3.16 million.
Yesterday, Salcon executive director Datuk Leong Kok Wah told reporters that the company will soon develop a RM1.2 billion mixed commercial project in Johor with Eco-World Development Sdn Bhd.
The latter company has S P Setia Bhd’s Tan Sri Liew Kee Sin and his son sitting on the board.
The project in Johor, known as JB Festival Mall and Serviced Apartments, is majority-owned by Salcon.
Leong also said the company is still in the water engineering business. The company has submitted bids for RM1.8 billion worth of water-based contracts so far this year
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