KUALA LUMPUR, June 25 -- Kanger International Bhd emerged among the most traded stocks on Bursa Malaysia in the early session today, after being appointed an authorised representative by Legasi Lestari Sdn Bhd to promote the export of river sand and other minerals from Malaysia to China and Hong Kong.
As at 10.37 am, the counter, which earned half-a-sen to 9.5 sen, saw a sum of 47.59 million shares changing hands.
In a news report Wednesday, it was stated that Legasi Lestari is one of 11 companies in Malaysia that hold registered approved permits (AP) to export river sand and other minerals to Brunei, mainland China, Hong Kong, Taiwan, South Korea, Vietnam, India, Japan, and the Maldives.
The AP was issued by the Ministry of Energy and Natural Resources and is valid until July 2027.
Kanger said for a start, it would focus on developing new sales channels and customers for the export of river sand and other minerals from Malaysia to China and Hong Kong.
Kanger’s appointment as an authorised representative for Legasi Lestari, which commenced on June 23, 2020, represents the first step towards a closer collaboration between both parties.
Malaysia National News Agency
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