KUALA LUMPUR: Shares in KPower, which has been on an uptrend, climbed to a record high in early trade Wednesday as investors reacted positively on its venture into the medical sector.
The counter added 3.5%, or 27 sen to RM7.99. It is currently trading at a PE ratio of 45.6 times.KPower has entered into a share sale agreement to acquire a 70% stake in Granulab (M) Sdn Bhd, a wholly owned unit of SIRIM Bhd’s subsidiary, Sirim Tech Venture Sdn Bhd, for RM1mil cash.
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