Time Engineering Bhd, a Malaysian telecommunications services provider, rose to a seven-week high in Kuala Lumpur trading after the Edge newspaper reported UEM Group Bhd may sell its 45 per cent stake in the company, citing unidentified people familiar with the matter.
The stock rose 8.3 per cent to 39 sen at 9:12 am local time, set for its highest close since May 10. -- Bloomberg
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