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IGB, Goldis share trade suspended Friday, ‘pending announcement’

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IGB, Goldis share trade suspended Friday, ‘pending announcement’ Empty IGB, Goldis share trade suspended Friday, ‘pending announcement’

Post by Cals Fri 18 Jul 2014, 01:08

IGB, Goldis share trade suspended Friday, ‘pending announcement’
Business & Markets 2014
Written by Ahmad Naqib Idris Adzman Shah of theedgemalaysia.com   
Thursday, 17 July 2014 18:47

KUALA LUMPUR (July 17): Both IGB Corp Bhd and Goldis Bhd have requested for a suspension in the trading of their securities tomorrow, pending an announcement.

IGB said in a filing with the exchange that trading in the companies' shares would be suspended with effect from 9.00 a.m., Friday, 18 July 2014 pending an announcement.

According to Bloomberg data, Goldis is a major shareholder of IGB Corp, holding approximately 429.7 million shares or 32.19% equity interest in the latter.

IGB closed 3 sen higher at RM2.84, while Goldis rose 5 sen to close at RM2.39.

On June 27, Goldis hit its seven-year high of RM2.72 on market talk that the company was to be taken private by its major shareholder, the Tan family.
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