Wednesday, December 21, 2011

NCB Holdings up on concession extensions

Larger Smaller Reset KUALA LUMPUR (Dec 21): NCB HOLDINGS BHD [] shares rose on Wednesday after it was given concession extensions for the privatised Northport and SouthPoint services which were due to expire in 2013.

At 9.03am, NCB Holdings added 10 sen to RM3.90 with 1,400 shares traded.

It said on Tuesday that the government via a letter dated Dec 16 had agreed in principle''to extend the concession period for the license and lease of Northport services for a period of 30 years for Northport and 21 years for SouthPoint respectively.

It said the approval was subject to further negotiation and subsequent agreement on the terms and conditions of the concession with the Public Private Partnership Unit at the Prime Minister's Department.

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