Eden, Thriven rally after appointment of new PM

It was said that both Eden and Thriven are linked to Datuk Fakhri Yassin Mahiaddin, the son of Muhyiddin. According to Thriven’s latest annual report, Fakhri owns more than 27% stake in the company through Ketapang Capital Sdn Bhd. Fakhri, 43, is also the executive chairman of Thriven and a director of Eden.

PETALING JAYA: Stocks related to the newly appointed Prime Minister Tan Sri Muhyiddin Yassin, namely Eden Inc Bhd and Thriven Global Bhd, rallied on Monday, despite the broader market continuing to decline, dragged by political turmoil in the country as well as the risk of a global economic slowdown from the outbreak of coronavirus.

At the opening bell yesterday, both companies share prices almost doubled up following the appointment of Muhyiddin as the eighth Prime Minister over the weekend.