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Malakoff up after settling legal dispute

Mimi Sabreena 10:44:00 AM Informasi

KUALA LUMPUR (Aug 7): Malakoff Corp Bhd rose as much as eight sen or 8% after the company said it had settled legal disputes involving 90%-owned subsidiary Tanjung Bin Power Sdn Bhd's electricity plants.

Analysts said Malakoff was expected to register a one-off gain in current financial year ending Dec 31, 2017 (FY17) after claimant Tanjung Bin signed an agreement with the litigation and arbitration respondents.

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