Friday 13 January 2012

Tatt Giap gains on plan to buy Buminox

Tatt Giap Group Bhd, a Malaysian manufacturer of stainless-steel products, rose to its highest level in a week in Kuala Lumpur trading after saying it plans to buy 60 percent of iron-ore miner Buminox Sdn Bhd for RM3.6 million.

The stock gained 2.4 percent to 43 sen at 9:07 a.m. local time, set for its highest close since Jan. 6. -- Bloomberg



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