Tuesday 17 January 2012

Shin Yang Shipping at 1-week high

Shin Yang Shipping Corp, a Malaysian maritime-services provider, rose to a one-week high in Kuala Lumpur trading after saying it bought 70 per cent of Hock Leong Shipping Sdn. for 2.1 million ringgit.

The stock gained 3.5 percent to 60 sen at 9:24 a.m. local time, set for its highest close since Jan. 11. -- Bloomberg



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