KUALA LUMPUR (Dec 27): Shares in Pentamaster Corp Bhd crossed the RM3 mark this morning, extending gains on the back of the planned listing of its automated solutions arm on the main board of Hong Kong Stock Exchange (HKEX).
At 9.10am, Pentamaster rose 1.67% or 5 sen to RM3.05 with 1.57 million shares traded.
Last Friday, Pentamaster, in a filing with the local stock exchange, said the listing committee of the Stock Exchange of Hong Kong Ltd (SEHK) had given its approval-in-principle for the proposed listing of Pentamaster International Ltd.
The proposed listing is slated for Jan 19, 2018, and is said to unlock shareholders’ value besides providing the group and its automated solutions business with a diverse fundraising platform in the future.
Sourced from : theedgemarkets