KUALA LUMPUR: Shares of CypARK RESOURCES BHD [] jumped 26 sen to RM3.15 in late afternoon trade on Wednesday, March 30, riding on the newsflow of renewable energy and positive broader market.
The KLCI rose 11.3 points to 1,531.39 at 3.14pm. Turnover was 1.8 billion shares valued at RM1.65 billion. There were 587 gainers, 230 losers and 259 stocks unchanged.
Based on the offer price of RM1.10 when it was listed in mid-October 2010, Cypark's share price is up nearly 190%.
Cypark's integrated renewable energy park (RE Park) in Pajam, Nilai was officially launched on March 17, which would be the start of similar projects to unlock the economic opportunities of such landfills on a large scale.
Cypark plans to invest RM94.29 million to build a 10Mw renewable energy plant with grid connection, at the RE Park in Pajam. The project is expected to generate gross national income of RM12.16 million each year for the next 21 years, totaling RM255.36 million.
The KLCI rose 11.3 points to 1,531.39 at 3.14pm. Turnover was 1.8 billion shares valued at RM1.65 billion. There were 587 gainers, 230 losers and 259 stocks unchanged.
Based on the offer price of RM1.10 when it was listed in mid-October 2010, Cypark's share price is up nearly 190%.
Cypark's integrated renewable energy park (RE Park) in Pajam, Nilai was officially launched on March 17, which would be the start of similar projects to unlock the economic opportunities of such landfills on a large scale.
Cypark plans to invest RM94.29 million to build a 10Mw renewable energy plant with grid connection, at the RE Park in Pajam. The project is expected to generate gross national income of RM12.16 million each year for the next 21 years, totaling RM255.36 million.
No comments:
Post a Comment