Tuesday 17 January 2012

Takaso gains on share placement plan

Takaso Resources Bhd, a Malaysian consumer-products company, rose the most in a week in Kuala Lumpur trading after proposing a private placement to raise up to RM5 million to fund timber industry venture in Papua New Guinea.

The stock gained 4.6 percent to 23 sen at 9:09 a.m. local time, set for the steepest increase since Jan. 9. -- Bloomberg



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