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Censof, Time Engineering slip in early trade
by Cals Fri 13 Sep 2013, 10:02
Published: Friday September 13, 2013 MYT 9:21:00 AM
Updated: Friday September 13, 2013 MYT 9:23:52 AM
Censof, Time Engineering slip in early trade
KUALA LUMPUR: Shares of Censof Holdings Bhd and Time Engineering fell in early Friday trade as investors sold on news that Khazanah Nasional had sold its 45.03% stake in Time to Censof.
At 9.14am, Censof was down 0.5 sen to 48 sen with 4.39 million shares done but its warrants rose 0.5 sen to 21 sen with 4.25 million units traded.
Time Engineering fell 1.5 sen to 26.5 sen. There were 2.96 million shares done at prices ranging from 26.5 sen to 27.5 sen.
The FBM KLCI fell 6.89 points to 1,765.51. Turnover was 133.64 million shares done valued at RM54.41mil Losers beat gainers 123 to 79 while 137 counters were unchanged.
Censof, a low-profile information technology (IT) solutions provider, paid 20 sen per share for the Time Engineering stake, which was a 40% discount to Time Engineering’s last traded price of 28 sen.
Khazanah said the decision was made following an extensive tender process it had initiated to select a new shareholder that would be able to develop Time Engineeringto its next phase of growth.
Updated: Friday September 13, 2013 MYT 9:23:52 AM
Censof, Time Engineering slip in early trade
KUALA LUMPUR: Shares of Censof Holdings Bhd and Time Engineering fell in early Friday trade as investors sold on news that Khazanah Nasional had sold its 45.03% stake in Time to Censof.
At 9.14am, Censof was down 0.5 sen to 48 sen with 4.39 million shares done but its warrants rose 0.5 sen to 21 sen with 4.25 million units traded.
Time Engineering fell 1.5 sen to 26.5 sen. There were 2.96 million shares done at prices ranging from 26.5 sen to 27.5 sen.
The FBM KLCI fell 6.89 points to 1,765.51. Turnover was 133.64 million shares done valued at RM54.41mil Losers beat gainers 123 to 79 while 137 counters were unchanged.
Censof, a low-profile information technology (IT) solutions provider, paid 20 sen per share for the Time Engineering stake, which was a 40% discount to Time Engineering’s last traded price of 28 sen.
Khazanah said the decision was made following an extensive tender process it had initiated to select a new shareholder that would be able to develop Time Engineeringto its next phase of growth.
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