Tuesday 24 April 2012

Three-A up 8% on JV with Wilmar

KUALA LUMPUR (April 24) : THREE-A RESOURCES BHD [] shares climbed as much 8% on updates that the firm’s collaboration with Singapore-listed Wilmar International Ltd to establish a food ingredient factory in China is taking shape.

Three-A shares rose nine sen to RM1.29 before trading lower at RM1.27 at 11.30am with some 1.5 million shares done.

Datuk Mohd Nor Abdul Wahid who is Three-A’s chairman recently said the food ingredient factory in China is expected to begin production this month. He said the factory will produce ingredients like hydrolysed vegetable protein, a food flavour enhancer.

Malaysia’s PPB GROUP BHD [] owns 18.32% of Wilmar.



Get your T+10 interest FREE margin trading account NOW. Attractive brokerage for online trading. Contact Mr Ho at +603-5192 0808 or hoxian@sjsec.com.my for more details.
Related Posts Plugin for WordPress, Blogger...