Monday, June 17, 2013
Cosmosteel
Cosmosteel: Group's wholly-owned subsidiary Kim Seng Huat has announced the possibility of establishing a strategic business relationship with a potential strategic partner in Myanmar, for the production, sourcing and/or distribution of piping system components and other steel products in the energy, marine and other industries in Myanmar.
However, counter is down 8.1% today after the announcement of the news, following a 52% run-up in share price in the past month.
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