AE Multi surges in absence of fresh news

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AE Multi surges in absence of fresh news

Business & Market 2010

Written by Joseph Chin

Friday, 05 March 2010 11:06

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KUALA LUMPUR: Shares of AE Multi surged in active trade in late morning on Friday, March 5 in the absence of fresh news.

At 10.57am, it was up 17.5 sen to 68 sen and it was the second most active with 22 million shares done.

Its share price plunged last week after the MoU between its unit AE Multi Industries Sdn Bhd and Dah Mah Corp was mutually terminated.

Under the MoU, Dah Mah had agreed to purchase LCD assembled by AE Multi Ind for both local and export markets under the brand "Kaden" and any other brands to be advised from time to time.

AE Multi posted fourth quarter net loss of RM810,000 versus the net loss of RM6.09 million a year ago.

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Last Updated on Saturday, 06 March 2010 00:43

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