Friday, June 18, 2010

Kumpulan Perangsang up at mid-morning

KUALA LUMPUR: KUMPULAN PERANGSANG SELANGOR [] Bhd share price advanced on Thursday, June 17 after it announced on Wednesday the appointment of Subang member of parliament (MP) R Sivarasa and Teluk Kemang MP Datuk Kamarul Baharain Abbas to its board of directors.

At 9.55am, the stock gained two sen to RM1.28 with 75,000 shares traded.

KPS is a subsidiary of the Selangor state government's Kumpulan Darul Ehsan Bhd and undertakes projects in the infrastructure and utility sectors as well as the property sector. The duo are Parti Keadilan Rakyat leaders.

KPS holds stakes in two water treatment concessions in Selangor, Konsortium Abass Sdn Bhd (Abass) and Syarikat Pengeluar Air Selangor Holdings Bhd (Splash).


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