Hirotako hits limit-up after safety device ruling


  • Business
  • Saturday, 06 Nov 2004

SHARES of second board-listed Hirotako Holdings Bhd were traded limit-up early yesterday morning on news that the company would likely be the sole beneficiary of the Government's latest ruling that new national cars must have safety devices.  

The counter shot up 30 sen or 30% to a seven-month high of RM1.30 within 15 minutes of the opening bell, as a result of which further trading was suspended for the rest of the morning. In the afternoon session, the counter went up further to RM1.50 before tapering off to end the day at RM1.30 on total volume of 3.5 million shares.  

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