Wednesday, December 1, 2010

KNM climbs on South Africa pact (reverse split done at 2.08)??

KNM Group Bhd, an oil and gas services provider, advanced 1.4 per cent to RM2.11, its first increase in three days.

The company and Aveng Ltd agreed to form a joint venture related to the fabrication of steel products in South Africa.

The joint venture will allow KNM to tap Aveng’s marketing and networking relationship, the Malaysian company said in a statement. - Bernama

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