Hot Stock Borneo Oil rises 2.3% after Lau Cho Kun emerges as substantial shareholder
Page 1 of 1
Hot Stock Borneo Oil rises 2.3% after Lau Cho Kun emerges as substantial shareholder
Hot Stock Borneo Oil rises 2.3% after Lau Cho Kun emerges as substantial shareholder |
Business & Markets 2014 |
Written by Supriya Surendran of theedgemalaysia.com |
Wednesday, 08 October 2014 11:27 KUALA LUMPUR (Oct 8): Borneo Oil Bhd rose 1.5 sen, or 2.3% to 68 sen on news Tan Sri Lau Cho Kun has emerged as a substantial shareholder in the diversified entity. This followed Lau's acquisition of 53.1 million shares or a 19.12% stake in the firm. Borneo Oil had earlier risen as much as 3.5 sen or 5% to hit 70 sen but fell back to 68 sen at 10.56am. The company, which is in the franchise fast-food chain business under the "SugarBun" banner, also undertakes oil and gas related operations. A remisier told theedgemalaysia.com that the market was seen to be reacting positively to news of the new substantial shareholder in Borneo Oil. “Its recent corporate exercises, which included the diversification of its core businesses to include mining and related activies, could also be seen as a trigger,” said the remisier. It was reported recently that Borneo Oil plans to invest RM15 million in a new plant and equipment, as well as exploration works in its new gold mining venture in Pahang. |
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
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 Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics
» Notable Trade Lau Cho Kun emerges new substantial shareholder of Borneo Oil
» Hot Stock DKSH jumps 4.86% after EPF emerges substantial shareholder
» Hot Stock TIME dotCom rises to 52-week high after EPF re-emerges as major shareholder
» Hot Stock Asia Bioenergy rises after Pelaburan Mara becomes substantial shareholder
» EPF emerges as DKSH’s substantial shareholder
» Hot Stock DKSH jumps 4.86% after EPF emerges substantial shareholder
» Hot Stock TIME dotCom rises to 52-week high after EPF re-emerges as major shareholder
» Hot Stock Asia Bioenergy rises after Pelaburan Mara becomes substantial shareholder
» EPF emerges as DKSH’s substantial shareholder
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum