KUALA LUMPUR: Shares of AHMAD ZAKI RESOURCES BHD [] (AZRB) and Eastern Pacific Industrial Corporation Bhd (EPIC) advanced in early trade on Tuesday, Nov 9.
At 9.07am, EPIC had surged 42 sen to RM2.15 with 404,100 shares done while AZRB added 16 sen to RM1.19 with 2.61 million units transacted.
The FBM KLCI rose 1.74 points to 1,521.58. Turnover was 54.9 million shares valued at RM49.10 million. Sentiment perked up with 160 gainers, 62 losers and 153 stocks unchanged.
AZRB is selling its 21.26% stake in EPIC for RM111.5 million cash consideration to Lembaga Tabung Amanah Warisan Negeri Terengganu.
The proposed disposal will result in an estimated gain on disposal of approximately RM11.5 million at group level based on the financial results as at June 30, 2010.
At 9.07am, EPIC had surged 42 sen to RM2.15 with 404,100 shares done while AZRB added 16 sen to RM1.19 with 2.61 million units transacted.
The FBM KLCI rose 1.74 points to 1,521.58. Turnover was 54.9 million shares valued at RM49.10 million. Sentiment perked up with 160 gainers, 62 losers and 153 stocks unchanged.
AZRB is selling its 21.26% stake in EPIC for RM111.5 million cash consideration to Lembaga Tabung Amanah Warisan Negeri Terengganu.
The proposed disposal will result in an estimated gain on disposal of approximately RM11.5 million at group level based on the financial results as at June 30, 2010.
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