Thursday, November 4, 2010

Pansar jumps on requotation

KUALA LUMPUR: Shares of Pansar Bhd surged in early trade on Thursday, Nov 4 when they resumed trading after Bursa Malaysia Securities uplifted the company from the Practice Note 10 classification.

It opened at 66 sen, up 15 sen from the reference price of 50 sen. There were 5.02 million shares done.

At 9.08am, it was up 19 sen to 69 sen with 16.1 million units done.

Pansar had completed its restructuring scheme and this saw the listing and quotation of an additional 238 million new ordinary shares of 50 sen each at an issue price of 50 sen.

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