Get in #MUI NOW IS THE TIME#MALAYAN UNITED INDUSTRIES BERHAD (3891.KL)
PETALING JAYA: Fresh investor interest in tycoon Tan Sri Khoo Kay Peng’s Malayan United Industries Bhd (MUI) and its listed subsidiaries has sparked speculation that he could be looking to divest his 47.7% stake in the asset-rich company. MUI and its 66.5%-owned subsidiary Pan Malaysia Corp Bhd (PM Corp) were two of the top active counters traded on Bursa Malaysia yesterday – breaking out of its mundane trading pattern that the group is known for. Beyond the excitement of the past few months where Khoo and the group had hogged the limelight for various reasons, all three counters have seen rather stagnant share price movement since 2002. Yesterday, PM Corp’s share price rose 8.5 sen or 37.8% to close at 31 sen with 65.3 million shares traded. MUI closed up 0.5 sen or 1.7% to 29 sen with 90.7 million shares done. Its 69.3%-owned MUI Properties Bhd also saw movement, closing up 1.5 sen or 4.1% to 38 sen yesterday. ...