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Sanichi jumps on share placement plan

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Sanichi jumps on share placement plan Empty Sanichi jumps on share placement plan

Post by hlk Thu 13 Oct 2011, 13:50

Sanichi Technology Bhd, a Malaysian precision moulds and toolings company, jumped 33 percent in Kuala Lumpur trading after saying it plans to sell a 10 percent stake through a private placement.

Its shares gained 1.5 sen to 6 sen at 9:16 a.m. local time, set for their highest close since Sept. 8. -- Bloomberg

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