OM Holdings' operations resumed initially with four furnaces but it does not expect a full ramp-up in the short term during the ongoing enhanced movement control order (EMCO).
KUALA LUMPUR: Shares of OM Holdings Lltd surged to a high of RM3.36 in late morning trade on Monday ahead of its announcement that its smelter complex in Sarawak has been given approval from the government to resume full operations.
At midday, its share price was up 28 sen to RM3.24. It initially hit an intra-morning low of RM2.62 before rebounding 74 sen or 28.2% to RM3.36.
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