KUALA LUMPUR: MIECO CHIPBOARD BHD [] shares rose on Wednesday, Aug 11 after BANDAR RAYA DEVELOPMENTS BHD [] (BRDB) confirmed it was in talks with a Chinese party for a potential collaboration with Mieco.
Mieco is BRDB's 56.76%-owned subsidiary.
At 9.20am, Mieco was up 5.5 sen to 59.5 sen with 1.99 million shares done. BRDB was unchanged at RM2.32.
BRDB said the collaboration could possibly involve equity participation in Mieco. The property developer said the discussion was preliminary and exploratory in nature at this stage.
Mieco is BRDB's 56.76%-owned subsidiary.
At 9.20am, Mieco was up 5.5 sen to 59.5 sen with 1.99 million shares done. BRDB was unchanged at RM2.32.
BRDB said the collaboration could possibly involve equity participation in Mieco. The property developer said the discussion was preliminary and exploratory in nature at this stage.
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