T7 shares rise in early trade


KUALA LUMPUR: Shares in T7 Global Bhd, which has been on a general uptrend, rose 2% in early trade following its latest corporate news.


Its share gained 2.44%, or 1.5 sen to 63 sen with 4.42 million shares traded.


T7 Global announced that it would be investing about RM200mil in its metal treatment plant in Serendah over the next three to five years.


The plant, located in the UMW High Value Manufacturing Park and set to cater for the aerospace industry, is expected to be completed by the end of the year.


It has obtained all the the necessary approvals and construction will begin soon.


With the completion of the construction of this facility by end of the year, it is expected to start contributing to the group's revenue by the first half of FY2019.


Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

CTOS posts RM11.67mil profit in Q3, hopes CCRIS access restored soon�
Bertam accepts RM24.98mil subcontract to build MACC Sabah complex�
Day traders are sparking a bitcoin futures frenzy on ETF bets
Singapore's surge in power prices spike partly due to lower Indonesian gas -regulator
Eye specialist TopVision buys majority stake in small glove exporter
WCT’s RM5.4b order book provides earnings visibility over next four years
MARC lowers Segi Astana RM415m rating, outlook negative
FBM KLCI ends week on positive note
Duopharma distributes Sinopharm Covid-19 vaccine
ICT industry contributed 22.6% to GDP

Others Also Read


Vouchers