Prestariang seeks compensation over SKIN termination

CIMB Equities Research has downgraded Prestariang Bhd from Add to Reduce and also cut the target price from RM1.77 to only 26 sen.

KUALA LUMPUR: Prestariang Bhd says it is entitled to compensation following the government’s decision to terminate a RM3.5bil project with the Immigration Department.

Prestariang has a 70% stake in the project.