KUALA LUMPUR: Shares in Comintel Corp Bhd
rose 23% on Thursday after it found a white knight to revive the company.
The engineering services company jumped 23.53%, or four sen to 21 sen with 5.5 million shares traded.
Datuk Seri Subramaniam Pillai Sankaran Pillai, the executive director of rail contractor Dhaya Maju Infrastructure (Asia) Sdn Bhd (DMIA), will emerge as the single largest shareholder of Comcorp under the latter's regularisation plan.
Then PN17 company said it will place out 171.12 million new shares to Subramaniam at 7.5 sen each to raise RM12.8mil.
...