Tuesday, September 7, 2010

Zelan shareholders OK sale of 30m IJM shares worth RM154.2m

KUALA LUMPUR: Shareholders of ZELAN BHD [] have approved the disposal of 30 million shares representing 2.22% of IJM Corp, which would be valued at RM154.20 million as of midday on Tuesday, Sept 7.

The approval was given at Zelan's EGM earlier on Tuesday. However, the disposal price would be determined later in the open market.

As at 11.58am, Zelan was up one sen to 65.5 sen with 5.30 million shares done.

IJM Corp was up eight sen to RM5.14 with 1.31 million shares transacted.


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