Friday 20 January 2012

DBE Gurney falls on share placement plan

DBE Gurney Resources Bhd, a poultry company, fell 3.7 per cent to 13 sen. The company proposed a private placement to raise funds for working capital needs, and is in preliminary talks with a shareholder of CI Holdings Bhd, DBE said in a stock exchange filing.

The stock exchange queried the sharp increase in DBE’s share price yesterday. CI added 1.7 per cent to RM1.21.



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