The Star Online: Business

IRM Group slides to low of 7.5 sen ahead of suspension
Blue chips advance, Maybank, UMW up
IJM sells 35.6% of Tamil Nadu highway concessionaire for RM60.1m

IRM Group slides to low of 7.5 sen ahead of suspension

Posted: 04 Mar 2013 06:04 PM PST

Published: Tuesday March 5, 2013 MYT 10:04:00 AM

KUALA LUMPUR: Shares of IRM Group Bhd fell to a low of 7.5 sen on Tuesday ahead of an impending suspension on Friday for failing to submit its fourth quarter report for the financial period ended Dec 31, 2012.

At 9.48am, it was down two sen to nine sen. There were 8.55 million shares done at prices ranging from 7.5 sen to 9.5 sen.

The KLCI was up 4.54 points to 1,640.52. Turnover was 180.36 million shares done valued at RM163.87mil. There were 179 gainers, 100 losers and 154 counters unchanged.

On Tuesday, IRM Group announced it had failed to submit its fourth quarter report for the financial period ended Dec 31, 2012.

Bursa Malaysia Securities said IRM Group failed to submit the results for public release within the stipulated timeframe pursuant to Paragraph 9.22(1) of Bursa Securities' Main Market Listing Requirements.

It added if a listed issuer fails to issue the outstanding financial statements within five market days after the expiry of the relevant timeframes, it would suspend the trading in the securities.

"The suspension shall be effected on the next market day after the suspension deadline," it said, adding trading in the company's shares would be suspended from 9am on Friday until further notice.

Blue chips advance, Maybank, UMW up

Posted: 04 Mar 2013 05:42 PM PST

Published: Tuesday March 5, 2013 MYT 9:43:00 AM

KUALA LUMPUR: Shares of Maybank and UMW helped drive the FBM KLCI higher in early trade on Tuesday, in line with key regional markets as investors hoped more stimulus measures would be taken by central banks to boost their economies.

At 9.24am, the KLCI was up 4.21 points to 1,640.19. Turnover was 91.67 million shares valued at RM81.48mil. There were 133 gainers, 62 losers and 107 counters unchanged.

Maybank and UMW rose six sen each to RM9.11 and RM12.82. HDBS added 12 sen to RM3.93 on a report that foreign banks are eyeing the stake.

BAT was the top gainer, rising 40 sen to RM59.90, Allianz-PA 14 sen to RM7.55 and Allianz 10 sen to RM7.60. Naim gained 12 sen to RM3.93 and SEGi six sen to RM1.67.

IRM Group fell two sen to nine sen with 7.48 million shares done.

NCB LOST nine sen to RM4.41, Jaya Tiasa eight sen to RM1.82 and MAHB seven sen lower at RM5.35.

IJM sells 35.6% of Tamil Nadu highway concessionaire for RM60.1m

Posted: 04 Mar 2013 05:27 PM PST

Published: Tuesday March 5, 2013 MYT 9:28:00 AM

KUALA LUMPUR: IJM Corporation Bhd is selling a 35.6% stake in Trichy Tollway Private Ltd (TTPL) - the concessionaire for a highway expansion project in Tamil Nadu, India -- for RM60.1mil.

It said on Tuesday its unit IJM Trichy (Mauritius) Ltd's sale of the stake, comprising of 59.30 million shares in Trichy Tollway to Macquarie SBI Infrastructure Investments Pte Limited, would reduce its interest to 13.26%.

"The gain from the disposal is approximately RM52mil, after taking into consideration the fair value of IJM Trichy's remaining interest in TTPL.

TTPL is the concessionaire to undertake the expansion of the current two-lane section near Ulunderpet to near Padalur into four-lanes on a build-operate-transfer basis.

Kredit: www.thestar.com.my

Isnin, 4 Mac 2013