KUALA LUMPUR: Tricubes Bhd, which manages the 1Malaysia email, announced yesterday it had secured a contract from Polis Diraja Malaysia (PDRM) to handle the payment of and enquiries about traffic summonses, leading to a surge in its stock price.
The group, which provides identity authentication technology, said it had received a letter of award from the police force appointing it as the collection agent of traffic summonses via automated teller machines and for enquiries about summonses through the short messaging system.
Subsequently, the group’s share price jumped to its highest in six months by 75.8% to 29 sen, from its previous close of 17.5 sen.
The stock ended the day at 26 sen, up 9.5 sen or 57.8% with a hefty 64.4 million shares changing hands. It was also the fourth most active stock on Bursa Malaysia.
Tricubes also announced that one of the company’s directors and major shareholder Khairun Zainal Mokhtar had requested to trade the company’s securities during the closed period.
Tricubes is currently under a closed period, pending an announcement of its financial results for the second quarter ended Sept 30, 2011.
This article appeared in The Edge Financial Daily, November 17, 2011.
The group, which provides identity authentication technology, said it had received a letter of award from the police force appointing it as the collection agent of traffic summonses via automated teller machines and for enquiries about summonses through the short messaging system.
Subsequently, the group’s share price jumped to its highest in six months by 75.8% to 29 sen, from its previous close of 17.5 sen.
The stock ended the day at 26 sen, up 9.5 sen or 57.8% with a hefty 64.4 million shares changing hands. It was also the fourth most active stock on Bursa Malaysia.
Tricubes also announced that one of the company’s directors and major shareholder Khairun Zainal Mokhtar had requested to trade the company’s securities during the closed period.
Tricubes is currently under a closed period, pending an announcement of its financial results for the second quarter ended Sept 30, 2011.
This article appeared in The Edge Financial Daily, November 17, 2011.
