KUALA LUMPUR: Share of Ho Hup CONSTRUCTION [] Company Bhd surged in late afternoon on Monday, July 19 on hopes the company would be able to resolve its regularisation plan.
At 2.54pm, it was up 19 sen to 71.5 sen with 320,000 shares done.
Ho Hup had on Friday inked two MoUs to acquire two companies -- ivestar Development (Puchong) Sdn Bhd and Kolektra Recreation Sdn. Bhd.
"The purchase of the aforesaid target companies is to facilitate Ho Hup to undertake a regularisation plan in accordance with the requirements of Practice Note 17 of Bursa Malaysia Securities Bhd Main Market Listing Requirements," it said.
At 2.54pm, it was up 19 sen to 71.5 sen with 320,000 shares done.
Ho Hup had on Friday inked two MoUs to acquire two companies -- ivestar Development (Puchong) Sdn Bhd and Kolektra Recreation Sdn. Bhd.
"The purchase of the aforesaid target companies is to facilitate Ho Hup to undertake a regularisation plan in accordance with the requirements of Practice Note 17 of Bursa Malaysia Securities Bhd Main Market Listing Requirements," it said.
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