KUALA LUMPUR: Shares in Johan Holdings Bhd
jumped over 9% in early trade on its proposed disposal of loss-making Diners Club business in Singapore.
The counter rose 9.3%, or two sen to 23.5 sen, its highest in over a week with 4.89 million shares traded.
Johan has proposed to divest its entire stake in loss-making Diners Club (Singapore) Private Ltd (DCS) for a disposal consideration of S$103.59mil (RM313.98mil).
Johan said it was expected to realise a gain of S$62.12mil from the proposed disposal of its entire interest in the company that provides charge card and credit card services.
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