news

TA Enterprise, TA Global request for trading suspension

KUALA LUMPUR (Feb 12): Trading in shares of retail stockbroking firm TA Enterprise Bhd and its subsidiary TA Global Bhd was suspended from 9am today.

In separate filings with Bursa Malaysia, both companies said the trading suspensions are to make way for a material announcement.

TA Enterprise owns a 60.17% stake in TA Global, which is involved in property development, property investment and property management.

Both companies share a common substantial shareholder in chairman Datuk Tiah Thee Kian. Tiah owns a direct 41.92% in TA Enterprise and 10.13% in TA Global, the bourse filings show.

The 73 year-old initiated the listing of TA Enterprise in 1990 and has been at its helm since, where he is responsible for the group’s overall strategic direction.

Shares of TA Enterprise settled unchanged at 54 sen apiece at yesterday’s close, giving it a market capitalisation of RM924.43 million. TA Global shares closed half a sen or 2.13% lower at 23 sen a share, valuing the company at RM1.22 billion.

Click here to see industrial properties for sale in Kuala Lumpur.

Click here for more property stories.

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE
RELATED POSTS
  1. Anzo gapped up, says AllianceDBS Research
  2. IWK suspends contractor's service for disposing sewage sludge in Cyberjaya
  3. Trading of TA Global shares suspended pending announcement