Monday 19 March 2012

EP Mfg slides on highway buy proposal

EP Manufacturing Bhd, a maker of automotive parts, slid 9.8 per cent to RM1.01 as of 9:32 a.m. in Kuala Lumpur, bound for its steepest decline since July 13, 2009. The stock jumped 14 per cent to an eight-year high on March 14 before a trading suspension to announce the company’s proposal to buy highway concessionaire Maju Expressway Sdn Bhd for RM1.15 billion. -- Bloomberg



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