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NewsEsso Malaysia rises on stake sale
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Esso Malaysia rises on stake sale
by hlk Wed 17 Aug 2011, 18:08
Esso Malaysia Bhd jumped the most in almost three months in Kuala Lumpur trading after Reuters reported that San Miguel Corp will buy 65 per cent of the company.
The stock climbed 8.3 per cent to RM4.70 at 2:33 p.m. local time, set for its steepest gain since May 24. An agreement on the sale of Exxon Mobil Corp’s 65 per cent holding in Esso Malaysia was signed today, the report said, citing two people familiar with the matter. -- Bloomberg
The stock climbed 8.3 per cent to RM4.70 at 2:33 p.m. local time, set for its steepest gain since May 24. An agreement on the sale of Exxon Mobil Corp’s 65 per cent holding in Esso Malaysia was signed today, the report said, citing two people familiar with the matter. -- Bloomberg
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