• Business
  • Saturday, 20 Oct 2007

CB Industrial Product Bhd's shares surged 28 sen to RM4.96 yesterday following the company's proposed 40% stake acquisition in Solar Green Sdn Bhd, a move that is expected to grow and strengthen CBIP's core business in the palm oil industry. 


Solar Green has two estates in Sarawak, totalling 4,638ha planted with oil palm. It is principally involved in oil palm cultivation and production of crude palm oil and palm kernel. 


SHARES in this rubber glove manufacturer led gainers yesterday as investor sentiment was bolstered by the anticipation of strong earnings for the third quarter ended Sept 30, a dealer said.  

The stock jumped 78 sen, or 19.4%, to a month's high of RM4.80. Several research reports said Kossan Rubber was expected to post a stronger second half, following the completion of its 2007 capacity-expansion programme. 

HEAVY trading pushed Sunway Infrastructure Bhd shares to a 12-month high of 49.5 sen before finishing at 46 sen, up 15.5 sen, or 50.8%, on 19.7 million shares.  

An analyst said interest could be due to the company's restructuring plan to regularise its financial situation, which was reported to be in the final stage. 

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