Friday 6 January 2012

Boustead Heavy falls on buyout denial

Boustead Heavy Industries Corp, a Malaysian shipbuilder, fell the most in more than three months in Kuala Lumpur trading after denying a report that any of its key shareholders, including Boustead Holdings Bhd, were planning a buyout.

The stock fell 3.9 percent to RM3.95 at 9:03 a.m. local time, set for its biggest decline since Sept. 26. -- Bloomberg



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