NST Online Business Times : latest

Posted: 22 Apr 2013 06:47 PM PDT

HONG KONG: Trading in shares of Guoco Group Ltd, a Hong Kong investment company controlled by Malaysian tycoon Quek Leng Chan, was suspended on Tuesday morning, according to a filing on the Hong Kong exchange.

Guoco said the suspension was pending the release of a statement on information in relation to an offer to be made by GuoLine Overseas Ltd, a unit of Hong Leong Co (Malaysia), to acquire all the issued shares of Guoco.

No further details were immediately available.-- Reuters

Ringgit opens weaker against US dollar

Posted: 22 Apr 2013 06:40 PM PDT

The ringgit opened lower against the US dollar in, earlier session today, on lack of buying support, dealers said.

At 9am, the ringgit was quoted at 3.0515/0535 to the greenback against Monday's close of 3.0480/0500.

A dealer said there was mild trading for the local note in the absence of internal and external cues to influence movements.

Investors also reduced their hold in riskier assets especially in the foreign exchange market ahead of the May 5 polls, he added.

Regionally, the ringgit was traded lower against other major currencies.

It fell against the yen to 3.0731/0764 from 3.0541/0567 on Monday and depreciated against the British pound to 4.6650/6690 from 4.6458/6491, previously.

The ringgit eased against the euro to 3.9825/9860 from 3.9761/9796 yesterday and was slightly lower against the Singapore dollar at 2.4589/4611 from 2.4565/4601 on Monday.-- Bernama

Kredit: www.nst.com.my

Isnin, 22 April 2013

NST Online Business Times : latest

NST Online Business Times : latest

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