Wednesday, December 28, 2011

Metrod continues ascend after disposing Austrian units for RM202.2m

KUALA LUMPUR (Dec 28): Metrod (Malaysia) Bhd shares advanced on Wednesday after the company said it was set to realise a gain of about RM74.5 million from the disposal of its Austria-based units for RM202.2 million ('49 million).

At 9.25am, Metrod added five sen to RM2 with 7,000 shares traded.

It said on Tuesday that its wholly-owned subsidiary, Metrod (Singapore) Ptd had entered into an agreement with GEP II Beteiligungs GmbH to dispose ASTA Holdings GmbH and ASTA Elektrodraht GmbH.



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