Share
KUALA LUMPUR (Jan 25): Shares in Ireka Corp Bhd jumped 7.38% in early trade this morning after the company entered into a Memorandum of Understanding with CRRC Urban Traffic Co Ltd (CRRC UT) and Shentong Express Co Ltd to establish a formal working relationship to explore opportunities in the logistics sector.
At 9.03am, Ireka rose 5.5 sen to 80 sen with 863,300 shares done.
The parties are looking into opportunities in investment and development of logistics warehouses, distribution centres, other ancillary real estate facilities, and infrastructure and equipment to support STO’s expansion in Malaysia and Southeast Asia.
CRRC UT — a member of China’s CRRC group — has a strategic stake in Ireka with an 8.48% equity interest. The CRRC Group is the world’s largest manufacturer of rolling stock, rail and transportation solutions. — theedgemarkets.com
For more stories, download EdgeProp.my pullout here for free.
TOP PICKS BY EDGEPROP
New Launching Superlink Lakefront Home 26 x 80
Kota Kemuning, Selangor
Discover Serene Living in the Heart of Kota Kemuning with New Launching Terrace Houses
Kota Kemuning, Selangor
Kota Kemuning 32 x 70 Semi Villa
Kota Kemuning, Selangor
Last phase condo in Kota Kemuning
Kota Kemuning, Selangor
New Condo with 3 mins distance walk to shopping
Kota Kemuning, Selangor
Monthly repayment RM1,680 condo in Kota Kemuning
Kota Kemuning, Selangor
Luxurious Two-Story Home in Kota Kemuning Listed at 890K
Kota Kemuning, Selangor
Luxurious Two-Story Home in Kota Kemuning Listed at 900K
Kota Kemuning, Selangor
Elegant Double Storey Home in Kota Kemuning for Sale at RM880,000
Kota Kemuning, Selangor
RM568k Puncak Alam Double storey landed house
Bandar Puncak Alam, Selangor
Duduk Se.Ruang @ Eco Sanctuary
Kuala Langat, Selangor
Duduk Se.Ruang @ Eco Sanctuary
Kuala Langat, Selangor
Duduk Se.Ruang @ Eco Sanctuary
Kuala Langat, Selangor
Co-Home @ Eden by The Parque Residences
Kuala Langat, Selangor
