Quick take: Trive Property active, rises 100% in early trade

March 17, 2020 editor Trive Property

KUALA LUMPUR: TRIVE PROPERTY GROUP BHD doubled in early trade Tuesday amid a weak broader market.

The counter rose 0.5 sen, or 100% to one sen. It is the fourth most active counter on Bursa Malaysia with 12.31 million shares traded.

Trive Property is involved in property development and construction, as well as research and development of intelligent battery management systems for rechargeable energy storage solutions.

Last week, the company announced that Tan Li Sin has subscribed 100 million shares in the company through private placement. She currently has a direct interest of 3.93% stake or 100.25 million shares.

In the first quarter ended Oct 31,2019, Trive Property posted a net loss of RM968,000 on revenue of RM1.13mil.

Source: TheStar