KUALA LUMPUR (Nov 4): IT software distributor Prestariang Bhd's share price rose as much as three sen or 5.83% to 54.5 sen so far today after the High Court dismissed last week an application by the government of Malaysia to convert an originating summons by Prestariang Skin Sdn Bhd into a writ action.

theedgemarkets.com, quoting Prestariang's Bursa Malaysia filing, reported that the High Court's decision paved the way for the court to now determine how much the government ought to compensate Prestariang Skin for its termination of a RM3.5 billion concession agreement previously granted.

At Bursa today, Prestariang shares were traded at 53 sen. The stock saw some 38 million shares traded among Bursa top-active counters.

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