Monday, July 11, 2011

Ramunia edges up in early trade

KUALA LUMPUR: RAMUNIA HOLDINGS BHD [] shares rose in early trade on Monday, July as investors viewed its acquisition of a floating, storage and offloading (FSO) vessel for US$82.5 million (RM248.37 million) cash in a positive manner.

At 9.10am, Ramunia edged up one sen to 43 sen with 557,600 shares traded.

The acquisition would be financed by bank borrowings of'' RM201.3 million and the remainder via internally generated funds

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