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  • Naim Holdings Shares Up
  • A file picture of investors attending a preview of Naim Holdings’ Bintulu Paragon development. Shares of Naim Holdings Bhd rose at mid-afternoon on Thursday after it sold its unit to a property based company on Wednesday.

    KUALA LUMPUR: Shares of Naim Holdings Bhd rose at mid-afternoon on Thursday after it sold its unit to a property based company on Wednesday.

    At 4.28pm, its shares rose 11 sen to RM3.79 with 620,900 shares done between RM3.63 and RM3.81.

    The FBM KLCI fell 4.79 points to 1,809.31. Turnover was 1.36 billion valued at RM1.682bil. There were 192 gainers, 556 decliners and 316 counters unchanged.

    Naim Holdings had sold its entire 51% stake in property-based Total Reliability Sdn Bhd to HWS Properties Sdn Bhd for RM6.50mil cash consideration.

    After the purchase, HWS Properties’ stake will increase from currently 9% to 60%, according to a filing to Bursa Malaysia on Wednesday.

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