Friday, 27 April 2012

Bumi Armada down 5% on stake sale

KUALA LUMPUR (April 27) : Shares of Bumi Armada Bhd fell as much as 5% on updates that tycoon T. Ananda Krishnan is disposing of US$825 million (RM2.52 billion) worth of shares in the oil and gas support services provider.

The stock declined 23 sen to RM3.99 before trading higher at RM4 at 10.28am with some three million shares done.

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