Malaysian billionaire Quek to take slice of Alam Maritim?

PETALING JAYA: Alam Maritim Resources Bhd is embarking on a new share sale exercise that could see savvy investors Tan Sri Quek Leng Chan and Paul Poh emerging as strategic investors, according to banking sources.

Alam Maritim yesterday requested for the trading of its shares to be suspended for two days to make way for a “material announcement” after the stock shot up 10 sen, or 6.4%, to RM1.65.

This is the highest level the stock has hit since December 2007. It had been trading between the RM1.30 and RM1.60 range for the last one year, with not much volume. Yesterday alone, close to 31 million shares crossed hands…
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