Investors roll dice on Anwar-linked stock

TheEdge Fri, Oct 09, 2020 11:28am - 3 years View Original


KUALA LUMPUR (Oct 9): A Datuk Seri Anwar Ibrahim-linked stock saw buying interest in the early trades, after the opposition leader said he would meet the King next Tuesday to vie for the premiership.

Malayan United Industries Bhd (MUI) garnered investors' interest on Friday, as it emerged as the second most actively traded stock in the early trades.

The counter, which saw 228.66 million shares traded, increased 2.5 sen or 17.86% to 16.5 sen at 11.13am.

Anwar’s sister Farizan Ibrahim is currently an independent non-executive director in MUI. She was appointed to the board in June 2018.

Anwar yesterday said he would meet with the King next week to present his case for taking over the premiership from Prime Minister Tan Sri Muhyiddin Yassin.

Anwar said Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah had agreed to grant him an audience, where he will present documentation "of the strong and convincing majority" of Members of Parliament backing his claim to the premiership.

Read also:
Anwar says he will meet king next Tuesday to prove majority

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