KUALA LUMPUR: MIECO CHIPBOARD BHD [] shares extended their gains on Thursday, Aug 12 after BANDAR RAYA DEVELOPMENTS BHD [] (BRDB) had confirmed on Tuesday that it was in talks with a Chinese party for a potential collaboration with Mieco.
Mieco is BRDB's 56.76%-owned subsidiary.
At 9.50am, Mieco was up 5 sen to 67 sen with 5 million shares done.
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 9.50am, Mieco was up 5 sen to 67 sen with 5 million shares done.
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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