Trading in Oldtown suspended for corporate news

KUALA LUMPUR: Trading in the shares of Oldtown Bhd was voluntarily suspended at 10.10am on Friday ahead of its announcement of corporate news.

It rose to a high of RM2.93. Its last traded price was unchanged at RM2.88.

The restaurant chain owner and operator is also involved in food processing. It manufactures instant coffee mix, roasted coffee powder, instant milk tea mix and instant chocolate.

Its 52-week high was RM3.42 on May 16, 2017 and 52-week low was RM1.83 on Dec 8, 2016.

At RM2.88 it is trading at a price-to-earnings of 19.89 times and forward P/E of RM19.20 times.


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