KUALA LUMPUR (Nov 21): Shares in Zecon Bhd fell 7.55% in active trade this morning after the construction firm, which was supposed to sign a proposed disposal of a 49% stake in its wholly-owned subsidiary Zecon Medicare Sdn Bhd for RM155 million, said the signing has been delayed to a date to be determined later.
At 9.16am, Zecon fell 6 sen to 73.5 sen with 1.38 million shares done.
However, it did not disclose the reason for the postponement.
Zecon said a detailed announcement on the transaction will be made in due course once the agreement has been signed. — theedgemarkets.com
For more stories, download EdgeProp.my pullout here for free.
TOP PICKS BY EDGEPROP
Residensi Hijauan (The Greens)
Shah Alam, Selangor
Seksyen 8, Kota Damansara
Kota Damansara, Selangor
Seksyen 5, Kota Damansara
Kota Damansara, Selangor
Jalan SP 8 @ Bandar Saujana Putra
Jenjarom, Selangor
10 Mont Kiara (MK10)
Mont Kiara, Kuala Lumpur