Thursday 8 December 2011

Boustead rises to 3-month high

Boustead Heavy Industries Corp, a Malaysian shipbuilding and engineering group, rose to a three- month high in Kuala Lumpur trading after announcing plans to form a pilot training venture with Eurocopter Malaysia Sdn.

The stock rose 3.5 per cent to RM2.96 at 9.06 am local time, set for its highest close since Sept 5. -- Bloomberg



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