Tuesday, August 16, 2011

Parkson climbs on plans to list SEA biz in Singapore

KUALA LUMPUR: Shares of PARKSON HOLDINGS BHD [] rose in active trade on Tuesday on reports that it could list its Southeast Asian retail business in Singapore.

At 4.25pm, it was up 12 sen to RM5.57 with 3.00 million shares done.

The FBM KCLI fell 1.2 points to 1,498.54.'' Turnover was 1.15 billion shares valued at RM1.65 billion. There were 366 gainers, 414 losers and 282 stocks unchanged.

A news wire report said the department store and retail chain planned to list the business in Singapore.

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