KUALA LUMPUR: Eastern & Oriental Bhd led property counters higher in morning trade on Monday, Aug 2, spurred by a report that its shareholders are believed to be considering a privatisation.
At 11.42am, E&O added five sen to RM1.23 in active trade.
Talam added 0.5 sen to 12 sen in very active trade with 33.5 million shares done. Malton added 2.5 sen to 52.5 sen and Equine 3.5 sen higher to 47 sen.
The Edge weekly reported that the company had been buying its shares which clearly indicated the company was undervalued. E&O managing director Datuk terry Tham Ka Hon is the single largest shareholder with totoal stake of 123.21 million shares or 16%.
Singapore-based GKG Investment Holdings Pte Ltd holds 94.94 million shares or about 12%.
At 11.42am, E&O added five sen to RM1.23 in active trade.
Talam added 0.5 sen to 12 sen in very active trade with 33.5 million shares done. Malton added 2.5 sen to 52.5 sen and Equine 3.5 sen higher to 47 sen.
The Edge weekly reported that the company had been buying its shares which clearly indicated the company was undervalued. E&O managing director Datuk terry Tham Ka Hon is the single largest shareholder with totoal stake of 123.21 million shares or 16%.
Singapore-based GKG Investment Holdings Pte Ltd holds 94.94 million shares or about 12%.
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