Monday 31 October 2011

Envair hits 4-year high on ZAI stake buy

Envair Holding Bhd jumped to its highest in more than four years after saying ZAI Corporate Finance Ltd plans to buy as much as 30 percent of new shares in the Malaysian air pollution control systems provider.

The stock surged 10 percent to 42.5 sen at 9:04 a.m. local time in Kuala Lumpur, set for its highest close since May 2007. -- Bloomberg
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