Wednesday, November 16, 2011

Tricubes jump 48.5% on police nod for summons contract

KUALA LUMPUR (Nov 16): Shares of TRICUBES BHD [] jumped 48.5% to 24.5 sen on Wednesday after it confirmed getting government approval as a collection agent for the police for traffic summons.

At 3.02pm, it was up eight sen to 24.5 sen. It was actively traded with 40.91 million shares transacted.

At the midday break, Tricubes announced it had secured a contract from the Malaysian police to handle the traffic summons and enquiries.

It had received a letter of award from the police appointing it as the collection agent of traffic summons via the automated teller machines and also enquiry of traffic summons through the short messaging services.

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