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Perwaja up on loan stocks sale plan

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Perwaja up on loan stocks sale plan

Post by hlk Tue 26 Jul 2011, 19:57

Perwaja Holdings Bhd, a Malaysian steelmaker, rose to its highest level in more than six months in Kuala Lumpur trading after saying it will raise RM280 million selling loan stocks to parent Kinsteel Bhd for working capital.

The stock climbed 1.9 per cent to RM1.09 at 9:06 a.m., set for its highest close since Jan. 17.

Kinsteel fell 2 per cent to 73 sen. -- Bloomberg

hlk: Moderator; Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia

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