Trading in Lingui to be suspended Tuesday

  • Business
  • Monday, 18 Feb 2013

KUALA LUMPUR: Lingui Developments Bhd, which is being privatised by Samling Global Ltd, will be suspended on Tuesday ahead of its books closing date.

A Bursa Malaysia circular said on Monday the last day of trading of Lingui shares would be at 5pm today.

At midday, its share price was unchanged at RM1.62 with 399,700 shares done.

To recap, the scheme shareholders of Lingui, whose privatisation by Samling was approved last month, will be paid on March 6.

Last week, the Sarawak-based company post net loss of RM10.08mil for its second quarter ended Dec 31 compared with a net profit of RM45mil a year ago.

Lingui, based in Sarawak, is a forest resource and wood products company with a gross area of about 7.21 billion sq m of forest concessions in Sarawak and another 350 million sq m of forest plantation in New Zealand.

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Lingui , suspension , Samling , Business


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