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XOX on traders’ radar on proposed Mlabs collaboration

Mimi Sabreena 2:50:00 PM Informasi

KUALA LUMPUR (Aug 21): XOX Bhd rose as much as one sen or 10% after the mobile telecommunication entity said it planned to leverage Mlabs Systems Bhd's multimedia expertise to grow the former's business.

At 12:30pm, XOX shares settled at their intraday high at 11 sen, with some 17 million shares exchanging hands. XOX was Bursa Malaysia's seventh most active stock.

Mlabs shares were also actively traded. The fifth most-active stock on Bursa Malaysia saw about 20 million shares transacted. Mlabs settled unchanged at 21 sen.

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