KUALA LUMPUR (Dec 29): Shares of BOX-PAK (MALAYSIA) BHD [] fell in the afternoon session on Thursday after KIAN JOO CAN FACTORY BHD [] stated it was unaware of any negotiations to privatise Box-Pak.
At 2.56pm, it was down eight sen to RM2.39. There were 3.65 million shares done.
The FBM KLCI rose 3.98 points to 1,508.09. Turnover was 1.04 billion shares valued at RM616.39 million. Advancing stocks beat decliners 414 to 225 while 294 counters were unchanged.
During the midday-break, Kian Joo Can declared it was unaware of any negotiations to privatise Box-Pak, though it occasionally might receive expressions of interest in its investments. It added it was not aware of any formal discussions concerning the privatisation.
In a separate statement, Box-Pak also stated it was not aware of any formal discussions concerning the privatisation of Box-Pak.
"The company also wishes to announce that it has not appointed any investment bank in relation to the privatisation,” said Box-Pak.
At 2.56pm, it was down eight sen to RM2.39. There were 3.65 million shares done.
The FBM KLCI rose 3.98 points to 1,508.09. Turnover was 1.04 billion shares valued at RM616.39 million. Advancing stocks beat decliners 414 to 225 while 294 counters were unchanged.
During the midday-break, Kian Joo Can declared it was unaware of any negotiations to privatise Box-Pak, though it occasionally might receive expressions of interest in its investments. It added it was not aware of any formal discussions concerning the privatisation.
In a separate statement, Box-Pak also stated it was not aware of any formal discussions concerning the privatisation of Box-Pak.
"The company also wishes to announce that it has not appointed any investment bank in relation to the privatisation,” said Box-Pak.
