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Sovereign Wealth Funds Briefing - Categorized | Market

Tebrau up after IWK-Temasek JV reports

Posted on 20 February 2013

Tebrau Teguh Bhd rose in early trades following news reports that Singapore’s Temasek Holdings Pte Ltd and a subsidiary will buy a man-made island from its major shareholder Iskandar Waterfront Holdings Bhd (IWK).At 10.39 am, the 6th most active stock was flat at 92.5 sen after rising 2.7% to a high of 95 sen, with trades of 10 million shares, against a declining broader market.
A dealer told theedgemalaysia.com: “This stock is seen as a proxy to Iskandar Malaysia development. There is so much happening there that you cannot ignore it…………………………………..Full Article: Source


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