Time Engineering up on rumours on news of divestment by Khazanah

May 07, 2012

KUALA LUMPUR, May 7 — Time Engineering Bhd share price saw positive movement and emerged as one of the most active stocks this morning following rumours that the company was among several others to be divested by Khazanah Nasional Bhd. 

At 10.09 am, the stock rose three sen to 36 sen.

Prime Minister Datuk Seri Najib Tun Razak announced last month that five companies under the stable of Khazanah and Permodalan Nasional Bhd would be disposed of to enable their assets to be acquired by Bumiputera companies through open tender. — Bernama

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