Translate This Page

Friday, February 7, 2014

Minetech finalising quarry concession talks (Edge)

Minetech Resources Bhd is in the midst of finalising negotiations for a quarry concession "in a southern state of Malaysia", the company said.

In a statement to Bursa Malaysia today, Minetech said it was also
exploring more potential collaborations with foreign parties for Minetech's quarry, premix, construction and bituminous businesses.

"For its bituminous business, the group is considering the procurement of a vessel, which is for the purpose of transporting bituminous products to overseas market.

"We have not identified the vendor of vessel as at to date," Minetech said.

Minetech's statement is in response to an unusual market activity (UMA) query by Bursa Malaysia.

Yesterday, Bursa Malaysia had issued the UMA query on Minetech following a sharp rise in the trading volume of the latter's shares.

Today, trading of Minetech shares has been suspended since since 4.17pm

Shares of Minetech will resume trading this Monday.

No comments: