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Article: Subur Tiasa price up thanks to share buy-back
- Article from:
- The Malay Mail
- Article date:
- April 5, 2004
- Author:
CopyrightCopyright 2004 The Malay Mail. Provided by ProQuest LLC. (Hide copyright information)
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SUBUR Tiasa Holdings Bhd was traded higher on the Malaysia
Securities Exchange Bhd last week, helped by the purchase of almost
86 per cent of its own stock.
The company bought 1.72 million of the 2 million Subur Tiasa
shares traded last week at between RM2.87 and RM3.08. It spent about
RM5.14 million to buy the shares.
The stock rose 3 sen week-on-week to close at RM2.92 on Friday.
Elsewhere, other companies who bought back their own shares fared
badly, led by Bintai Kinden Corp Bhd which fell 5 sen to RM1.96.
Bintai had bought 203,900 of its own shares at between RM1.93 and
RM1.98.
The company paid about RM400,000 to buy the shares, which
represent about 36 per cent of the total 565,100 ...