KUALA LUMPUR (Nov 7): BHS Industries Bhd shares gained 1.15% in early trade today after the company said it plans to diversify its business to include the construction, development and management of Green Technology Park Pekan and other construction and property development activities. At 9.13am, BHS added half a sen to 44 sen with 60,500 shares traded. In the filing with Bursa Malaysia today, BHS said the proposed diversification will reduce its risk of dependency on its existing printing business, noting its printing business has been facing a slide in profitability, due to the lower print orders received. The Pahang government had on Oct 21, granted BHS' wholly-owned subsidiary, Ultimate Ivory Sdn Bhd, approval for 375 acres of land in Pekan for the development of Green Technology Park Pekan. On Nov 1, BHS had entered into a memorandum of agreement with China Nuclear Industry Huaxing Construction Co Ltd to jointly develop and manage Phase 2 and Phase 3 of the technology park and other ancillary facilities.

Source: The Edge Markets November 07, 2016 01:36 UTC