Tuesday, May 7, 2013

Billionaire Quek and related-parties buying into TH Heavy pushes up share price

PETALING JAYA: Parties linked to banking billionaire Tan Sri Quek Leng Chan have bought a sizeable stake in mid-cap fabricator TH Heavy Engineering Bhd (THHE) through a private placement announced on Monday, sending its stock up a sharp 15% to 53.5 sen.

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