Permaju’s stake buys, new ventures fail to excite investors

Permaju’s stake buys, new ventures fail to excite investors

The Malaysian Reserve-News·2020-11-23 15:06

PERMAJU Industries Bhd’s move to acquire small stakes in other listed companies and diversify into the healthcare space appears to do little to attract investors’ interest with the stock trading at a three-year low of 17.5 sen last Friday.

Permaju’s share price has fallen by over 50% for the last three months, with its market capitalisation now standing at RM96.48 million.

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