CIM shares rise to two-year high

CIM shares rise to two-year high
Published: 03 March 2006

Shares of Cement Industries of Malaysia Bhd (CIM) rose to their highest in two years on news that it is selling some assets to a French firm. The cement maker gained 16.1 per cent, to close at RM2.38 yesterday. CIM was reported to be considering selling 51 per cent of its cement assets to the Vicat group from France for at least US$160m.