KUALA LUMPUR (Dec 17): Mah Sing Group Bhd rose by as much as 4.84% or 4.5 sen to an intra-morning high of 97.5 sen in brisk trade today after it said it was mulling the listing of its manufacturing division, containing its new glove business, in Hong Kong.

At 10.07am, it had pared some gains to trade at 94.5 sen, still 1.5 sen or 1.61% higher, valuing the group at RM2.26 billion. The counter saw 77.06 million shares traded, more than double its 200-day average trading volume of 33.64 million shares.

It was fifth on the list of Bursa Malaysia's most active stocks.

Yesterday, Mah Sing executive director Datuk Steven Ng said the group is exploring the listing of its manufacturing division within the next five years.

The division comprises its existing plastic and glove businesses, and it will also start producing other medical devices in the future.

Meanwhile, he said its gloves business is expected to contribute 25% of net profit for the financial year ending Dec 31, 2021 (FY21).