At 11.34am, it was down nine sen to RM2.10. There were 26,500 shares done at prices ranging from RM2.10 to RM2.18.
The FBM KLCI fell 0.37 of a point or 0.02% to 1,754.66. Turnover was 720.26 million shares valuedat RM473.48mil. There were 326 gainers, 289 losers and 335 counters unchanged.
StarBiz reported BHIC could take a hit in the event the company fails in its appeal against a liquidated damages claim by MinDef.
MinDef is seeking a liquidated damages compensation totalling RM147.7mil from Boustead DCNS Naval Corporation Sdn Bhd (BDNC) – related to a breach of obligations under the in-service support for the navy's Scorpene submarines contract. It was awardsed in 2010.
BDNC is a joint venture between BHIC Defence Technologies Sdn Bhd, a unit of BHIC, and DCNS SA. BHIC has a 60% stake in BDNC via BHIC Defence Technologies.
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