Malaysia Smelting Corp up 3.16% after saying it's business as usual

TheEdge Tue, Jun 11, 2019 10:12am - 4 years View Original


KUALA LUMPUR (June 11): Shares in Malaysia Smelting Corp Bhd (MSC) rose 3.16% in thin trade after it refuted a Reuters report which alleged the group is delaying tin shipments to customers worldwide, due to a shortage of concentrate.

At 9.42am, MSC rose 3 sen to 98 sen with 7,000 shares traded.

The group said its operations are business as usual and delivery of shipments to its customers is on schedule.

The article, which quoted sources, said the company informed its customers deliveries could take two to three weeks, instead of the usual three to four days, and that shipments have seen delays since February.

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