KUALA LUMPUR: Shares in Bintai Kinden Corp
Bhd rose in active trade in early trade Tuesday on news of its healthcare business expansion.
The counter rose 4.35%, or two sen to 48 sen, its highest in a month with 42.3 million shares done.
Bintai Kinden will acquire Johnson Medical International Sdn Bhd (JMI) for RM50mil to expand its healthcare business segment.
The company said it plans to settle the purchase by paying RM26mil cash and and the issuance of 58.6 million new Bintai Kinden shares at 41 sen each to the seller - Yeo Eng Lam.
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