Thursday 28 Mar 2024
By
main news image

KUALA LUMPUR (Oct 5): Shares in Eonmetall Group Bhd rose 8% in early trade today after it secured the exclusive rights from a unit of FGV Holdings Bhd to build palm fibre oil extraction plants at six selected mill locations, then own and operate them for a concession period of 10 years, before transferring their ownership to the FGV unit.

At 9.04am, Eonmetall rose 4 sen to 54 sen, with 947,500 shares done.

The build, own, operate and transfer arrangement was entered into yesterday between Eonmetall's wholly-owned unit Eonmetall Carotene Oil Sdn Bhd and FGV's indirect, wholly-owned Felda Palm Industries Sdn Bhd.

      Print
      Text Size
      Share