Monday 5 December 2011

Mlabs rises on share placement plan

Mlabs Systems Bhd, a Malaysian maker of multimedia video-conferencing systems, rose to a two-week high in Kuala Lumpur trading after saying it aims to raise RM1.5 million through a private placement to expand.

The stock gain 4.6 percent to 11.5 sen at 9:21 a.m. local time, set for its highest close since Nov. 21. -- Bloomberg



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