Muhibbah up on Asia Petroleum-CIMB pact
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Muhibbah up on Asia Petroleum-CIMB pact
Muhibbah Engineering (M) Bhd rose to its highest level in almost a month after the Malaysian builder was informed that Asia Petroleum Hub Bhd has reached an agreement with CIMB Bank Bhd to remove it from receivership.
The stock gained 6.8 per cent to RM1.25 at 9:12 a.m. local time in Kuala Lumpur trading, set for its highest close since July 14.
Muhibbah is a contractor on the petroleum hub project. -- Bloomberg
The stock gained 6.8 per cent to RM1.25 at 9:12 a.m. local time in Kuala Lumpur trading, set for its highest close since July 14.
Muhibbah is a contractor on the petroleum hub project. -- Bloomberg
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