KUALA LUMPUR (Dec 28): Metrod (Malaysia) Bhd shares advanced on Wednesday after the company said it was set to realise a gain of about RM74.5 million from the disposal of its Austria-based units for RM202.2 million (€49 million).
At 9.25am, Metrod added five sen to RM2 with 7,000 shares traded.
It said on Tuesday that its wholly-owned subsidiary, Metrod (Singapore) Ptd had entered into an agreement with GEP II Beteiligungs GmbH to dispose ASTA Holdings GmbH and ASTA Elektrodraht GmbH.
At 9.25am, Metrod added five sen to RM2 with 7,000 shares traded.
It said on Tuesday that its wholly-owned subsidiary, Metrod (Singapore) Ptd had entered into an agreement with GEP II Beteiligungs GmbH to dispose ASTA Holdings GmbH and ASTA Elektrodraht GmbH.
