Perwaja, Kinsteel climb on debt settlement agreement with Petronas


KUALA LUMPUR: Shares of Perwaja Holdings Bhd and its major shareholder Kinsteel Bhd rose on Friday as Perwaja's unit reached a debt settlement with Petroliam Nasional Bhd and the provision of future supply of dry gas.

At 11.15am, the FBM KLCI rose 1.19 points to 1,818.34. Turnover was 878.25 million shares valued at RM698.63mil. There were 372 gainers, 204 losers and 304 counters unchanged.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Perwaja , Kinsteel , Petronas , debt settlement , KLCI

   

Next In Business News

ATX Semiconductor to boost investment in Melaka to RM952mil
Haily gets RM109.5mil residential construction job
Malaysia’s vehicle sales dip 10% year-on-year in March
FBM KLCI ends at near 2-year high
Positive outlook for ringgit this year
CGS MY rebrands, targets to hit over RM300mil revenue by 2027
Prime residential, KL city submarket expected to stay dynamic - JLL Malaysia
JD Sports to buy US rival Hibbett in US$1.08bil sportswear retail deal
Gold prices hit 2-1/2-week low as Middle East tensions ease
Oil prices stabilise, Middle East tensions remain in focus

Others Also Read