MUI shares rise after CEO appointment


KUALA LUMPUR: Shares in Malayan United Industries Bhd (MUI) gained 2.3% in early trade Monday as investors welcomed the news that Tan Sri Khoo Kay Peng’s son will take over as chief executive.

The counter rose 2.38%, or 0.5 sen to 21.5 sen with over 3.5 million shares traded. It has gained more than 79% year-to-date.

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