Monday, October 31, 2011

Envair up on proposed take-up of placement shares

KUALA LUMPUR (Oct 31): Shares of Envair Holdings Bhd rose in active trade on Monday after an investment banking firm based in London to subscribe for up to 30% of its new ordinary shares.

At 9.21am, it was up four sen to 42.5 sen. There were 5.90 million shares done.

The FBM KLCI was up 2.32 points to 1,484.14. Turnover was 130.45 million shares valued at RM85.91 million. There were 185 gainers, 80 losers and 154 stocks unchanged.

The ACE Market-listed company received a letter from Envair has received a letter of intent from Zai Corporate Finance Ltd (ZAICF), to subscribe for up to 30% of its new ordinary shares of 10 sen each at the market issue price.

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