Monday 27 February 2012

Oriental advances on buyout report

Oriental Holdings Bhd, a vehicle assembler, advanced 3.5 per cent to RM6.28, set for its highest close since Febuary 23.

The company may be bought out by its single-largest shareholder, a local newspaper reported, citing a person it didn't identify.

Robert Wong, one of Oriental's two managing directors, couldn't immediately comment. - Bloomberg



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