Friday 13 January 2012

Takaso rises on PNG timber concession

Takaso Resources Bhd, a Malaysian consumer-products company, rose to the highest level in more than four months in Kuala Lumpur trading after saying it will buy a timber-license concession holder in Papua New Guinea.

The stock gained 4 percent to 26 sen at 9:20 a.m. local time, set for the highest close since Sept. 5. -- Bloomberg



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