KUALA LUMPUR (Nov 21): Shares in Zecon Bhd fell 7.55% in active trade this morning after the construction firm, which was supposed to sign a proposed disposal of a 49% stake in its wholly-owned subsidiary Zecon Medicare Sdn Bhd for RM155 million, said the signing has been delayed to a date to be determined later.

At 9.16am, Zecon fell 6 sen to 73.5 sen with 1.38 million shares done.

However, it did not disclose the reason for the postponement.

Zecon said a detailed announcement on the transaction will be made in due course once the agreement has been signed. — theedgemarkets.com

For more stories, download EdgeProp.my pullout here for free.

SHARE
RELATED POSTS
  1. Zecon managing director Zainal Abidin raises stake in company
  2. Zecon gets shareholder nod for rights issue
  3. Zecon 3Q net profit jumps 59.6% to RM9.15m on hospital and Pan Borneo jobs