Bursa Community
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Bursa Community

Bursa Malaysia Stock Forum - Enriching You!


UMA Tek Seng solar energy diversification may have led to share price, volume rise

Bursa Community :: Community News

Go down

UMA Tek Seng solar energy diversification may have led to share price, volume rise Empty UMA Tek Seng solar energy diversification may have led to share price, volume rise

Post by Cals Fri 12 Sep 2014, 17:24

UMA Tek Seng solar energy diversification may have led to share price, volume rise
Business & Markets 2014
Written by Shalini Kumar of theedgemalaysia.com   
Friday, 12 September 2014 14:16

KUALA LUMPUR (Sept 12): Tek Seng Holdings Bhd says its planned diversification into the solar energy business could have been the cause of its recent share price and volume surge.

In a reply to Bursa Malaysia unusual market activity (UMA) query on Tek Seng's share trade dynamics, Tek Seng said it was unaware of any other corporate development, which could have led to unusual surge in its share price and volume.

"We would like to draw your attention to the announcement made on 11 September 2014 in respect of the Memorandum of Understanding between Tek Seng Holdings Berhad and Solartech Energy Corp," polyvinyl chloride product manufacturer Tek Seng said.

The MOU between Tek Seng and Solartech was for the purpose of a strategic alliance. Solartech intends to invest RM100 million into Tek Seng's 86.1%-owned subsidiary, TS Solartech Sdn Bhd.

Bursa had issued the UMA query to Tek Seng yesterday. 
Cals
Cals
Administrator
Administrator

Posts : 25277 Credits : 57721 Reputation : 1766
Male Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it I’️d have been right perhaps as often as seven out of ten times.”
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

Back to top Go down

Back to top

- Similar topics

Bursa Community :: Community News

 
Permissions in this forum:
You cannot reply to topics in this forum