Wednesday 9 November 2011

Sanichi jumps on Protev diligence

Sanichi Technology Bhd, a Malaysian precision moulds and toolings company, rose to a three-month high in Kuala Lumpur trading after confirmed that Germany’s Projektarbelt Technische Beratung Venretung International, or Protev, had completed the first phase of due diligence before buying a stake in the group.

The stock rose 16.7 percent to 10.5 sen at 9:08 a.m. local time, set for its highest close since Aug. 4. -- Bloomberg
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