PETALING JAYA: Recent management and board changes at Flonic Hi-Tec Bhd, an industrial cleaning system provider, is fuelling talks its new substantial shareholder will inject construction and property business to turnaround the loss-making company.
Shares in Flonic climbed 0.5 sen to 5 sen yesterday with 9.87 million shares transacted. Dealers said speculation was rife about a possible change in the company’s business direction.
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