Metrod Holdings Bhd, a Malaysian maker of copper wires and rods, rose the most in more than a month after agreeing to sell ASTA Holdings GmbH to GEP II Beteiligungs GmbH for 49 million euros (US$64 million).
It will also sell a 1 percent stake in ASTA Elektrodraht GmbH as part of the deal, the statement said.
The stock climbed 2.6 percent to RM1.95 at 10:15 a.m. local time in Kuala Lumpur, set for its steepest increase since Nov. 17. -- Bloomberg
It will also sell a 1 percent stake in ASTA Elektrodraht GmbH as part of the deal, the statement said.
The stock climbed 2.6 percent to RM1.95 at 10:15 a.m. local time in Kuala Lumpur, set for its steepest increase since Nov. 17. -- Bloomberg
