KUALA LUMPUR:'' Shares of HO WAH GENTING BHD [] [] jumped in early trade on Monday, Feb 7 on its target for its tin ore mining business to record a compounded annual growth rate (CAGR) of 20% in output over the next three years.
At 9.07am, HWGB was up eight sen to 98.5 sen with 15.41 million shares done while HWGB-WB added 10 sen to 95 sen with 6.93 million units transacted.
The FBM KLCI rose 8.18 points to 1,540. Turnover was 210.25 million shares done. There were 285 gainers, 32 losers and 102 stocks unchanged.
In a query to Bursa Malaysia, HWGB said on Wednesday, Feb 2 its subsidiary HWG Tin Mining Sdn Bhd's foray into the tin mining business would enable it to derive an additional source of revenue for financial year ending Dec 31, 2011. This was in addition to its existing wire and cable business.
HWGB added it was targeting to start the tin mining operations in Pengkalan Hulu after the Chinese New Year holidays.
At 9.07am, HWGB was up eight sen to 98.5 sen with 15.41 million shares done while HWGB-WB added 10 sen to 95 sen with 6.93 million units transacted.
The FBM KLCI rose 8.18 points to 1,540. Turnover was 210.25 million shares done. There were 285 gainers, 32 losers and 102 stocks unchanged.
In a query to Bursa Malaysia, HWGB said on Wednesday, Feb 2 its subsidiary HWG Tin Mining Sdn Bhd's foray into the tin mining business would enable it to derive an additional source of revenue for financial year ending Dec 31, 2011. This was in addition to its existing wire and cable business.
HWGB added it was targeting to start the tin mining operations in Pengkalan Hulu after the Chinese New Year holidays.
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