KUALA LUMPUR (April 18) : Shares of Ariantec Global Bhd rose to its highest in almost seven years on news that Datuk Raymond Chan Boon Siew has emerged as a substantial shareholder in the information TECHNOLOGY [] firm.
Ariantec, one of the most-actively traded, rose as much as 25% or five sen to 25 sen on Wednesday morning, the highest since May 2005. The stock had traded lower at 22 sen 10.59am with some 195 million shares changing hands.
Updates to the exchange indicate that Chan had acquired 26.5 million shares in the open market on Tuesday. Following the purchase, he has 29 million shares or 5.1% in Ariantec.
Ariantec, one of the most-actively traded, rose as much as 25% or five sen to 25 sen on Wednesday morning, the highest since May 2005. The stock had traded lower at 22 sen 10.59am with some 195 million shares changing hands.
Updates to the exchange indicate that Chan had acquired 26.5 million shares in the open market on Tuesday. Following the purchase, he has 29 million shares or 5.1% in Ariantec.
