MAHB, Rev Asia shares up on likely gains from Digital FTZ

PETALING JAYA: The stock prices of Malaysia Airports Holdings Bhd (MAHB) and Rev Asia Bhd rose on speculation that both companies would gain from the iconic Digital Free Trade Zone (DFTZ) that was launched yesterday.

MAHB, whose shares which closed 9 sen up to RM7.28 a unit, had inked a memorandum of understanding (MoU) with Cainiao Network, the logistics arm of e-commerce giant Alibaba Group. This was to develop a regional e-commerce and logistics hub in the KLIA Aeropolis, the planned integrated airport city, as part of the DFTZ.