Two Inch Kenneth-linked firms make further gains


Concrete Engineering Products Bhd (Cepco) shares rose for the sixth consecutive day yesterday while those of FA Peninsular Bhd (FAP) gained 12 sen to RM1.44 in brisk trading as punters continued to chase the two stocks linked to Inch Kenneth Kajang Rubber Co Bhd.  

Inch Kenneth, which has a 13.4% stake in Cepco and a 17.4% shareholding in FAP, closed RM1.75 higher at RM58.50 on fresh talk that its proposed 50-to-1 bonus issue exercise would be implemented soon. 

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