Monday, June 21, 2010

Pos Malaysia up on report 11 parties eyeing stake in courier

KUALA LUMPUR: POS MALAYSIA BHD [] share price rose on Monday, June 21 after The Edge weekly reported that Khazanah Nasional Bhd's 32% equity interest in the national courier was attracting much interest.

At 10.48am, Pos was up 23 sen to RM3.09 with 2.86 million shares done.

As of end-May, 11 parties, including foreign courier groups DHL Express and TNT NV, have expressed interest in buying Khazanah's block of shares, the Edge weekly said, citing sources.

Among the local companies that are eyeing the stake in the postal group are NATIONWIDE EXPRESS COURIER SER []vices Bhd and KONSORTIUM LOGISTIK BHD [], it said.


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