KUALA LUMPUR (Feb 6): Scomi Engineering Bhd rose some 28.57% or 9 sen to trade at 40.5 sen today after The Edge Weekly reported that Chinese investors may buy a stake in the company. The counter surged as high as 44 sen in early trade before paring gains on some 4.37 million shares traded. The Edge Weekly in its latest edition reported that Chinese investors are interested in Scomi Engineering's monorail manufacturing operation and may acquire a direct holding in its wholly-owned subsidiary Scomi Rail Bhd or buy a stake in the listed entity. Meanwhile, parent company Scomi Group Bhd was also actively traded with some 12.9 million shares changing hands as at 10.21am today. The counter was up 12.9% or 2 sen at 17.5 sen.Scomi Group has a 72.33% stake in Scomi Engineering.

Source: The Edge Markets February 06, 2017 02:48 UTC