PETALING JAYA: Parties linked to banking billionaire Tan Sri Quek Leng Chan have bought a sizeable stake in mid-cap fabricator TH Heavy Engineering Bhd (THHE) through a private placement announced on Monday, sending its stock up a sharp 15% to 53.5 sen.
Some 39.6 million shares changed hands at prices ranging from 47 sen to 54.5 sen, making it the fifth most active counter across Bursa Malaysia yesterday. The stock has soared 24% from a trough of 43 sen on May 2.
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