Time Engr surges on stake bid news

Publish date: Mon, 13 Feb 2012, 11:09 AM
Time Engineering Bhd, a telecommunication services producer, surged 13 per cent to 39.5 sen, set for the highest close since June 30.

Khazanah Nasional Bhd, Malaysia's state investment company, is evaluating three bids for its 45 per cent stake in Time, the Edge newspaper reported, citing an unidentified person.

UEM Group Bhd, an arm of Khazanah Nasional, declined to comment on the report, according to an e-mailed statement from UEM Group. -- Bloomberg


Labels: DNEX

Discussions
Be the first to like this. Showing 3 of 3 comments

ssmong

Any ideas who are these 3 bidders?

2012-04-24 13:51

berid

one of the 10 companies to be sold off?

2012-04-24 14:06

azta12

dont be late to collect, haha

2012-04-24 14:20

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