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Article: Subur Tiasa up 30 sen on active share buyback
- Article from:
- The Malay Mail
- Article date:
- June 30, 2003
- Author:
CopyrightCopyright 2003 The Malay Mail. Provided by ProQuest LLC. (Hide copyright information)
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SUBUR Tiasa Holding Bhd, a plywood company, led a slew of
companies which were active in buying back their own shares, to close
higher on the Kuala Lumpur Stock Exchange (KLSE) last week.
Last week, Subur Tiasa had bought more than a quarter of its
shares that were traded on the KLSE. As a result of the share buyback
exercise, the stock rose 30 sen last week.
It closed the week at RM1.82, as opposed to its closing price of
RM1.52 the week before. During the week, Subur Tiasa had purchased
241,300 units of its own shares. It had bought the shares at between
RM1.63 and RM1.85 apiece. ...