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Quick take: MUI Properties up 17% in active trade

TheStar Tue, Apr 09, 2019 10:30am - 5 months ago

KUALA LUMPUR: Shares in MUI Properties Bhd gained more than 17% in early trade Tuesday.

The counter jumped 17.07%, or 3.5 sen to 24 sen with 13.81 million shares done. It has fallen some 11.32% in the past one year.


The company has not made any corporate announcements recently.

For the first six months ended Dec 31, 2018, MUI Properties posted a net profit of RM5.6mil against RM336,000 in the same period a year ago.

Its revenue for the period stood at RM27.7mil, up 124% from RM12.37mil a year previously.

Last December, Tan Sri Khoo Kay Peng, announced his retirement as executive chairman of Malayan United Industries Bhd (MUI) after four decades at its helm.

Concurrently, his eldest son Andrew Khoo Boo Yeow, 46, has been appointed by the MUI board as its executive chairman after assuming the role of group chief executive officer from Jan 1, 2018.

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