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Gopeng rises on exchange waiver

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Gopeng rises on exchange waiver

Post by hlk Tue 05 Jul 2011, 17:41

Gopeng Bhd, which faced a possible de-listing after selling its cement business, rose to a one-week high after saying it no longer needs to submit a business plan to the stock exchange because it has enough cash reserves and its plantation earnings is sustainable.

The stock climbed 4.6 per cent to 80 sen at 9:07 a.m. local time in Kuala Lumpur, set for its highest close since June 27. -- Bloomberg

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