Trive Property shares flat despite new partnership to develop solar business
14 Nov 2017 / 12:03 H.
PETALING JAYA: Trive Property Group Bhd's share price stayed flat at 9.5 sen this morning, despite announcing its partnership agreement with Jiangxi Fujing New Energy Technology Co Ltd (JFNET) to develop its solar business.
As at 11.16am, the stock is the second most active counter on Bursa Securities. Its share price stood at 9.5 sen with 112.7 million shares changing hands. It has a market capitalisation of RM154.68 million.
Trive said the parties shall incorporate a joint venture company to be known as Daima Fujing New Energy Technology Sdn Bhd, with both parties owning a 50:50 shareholdings in the company.
The group said the solar business is expected to provide an additional source of earnings and improve its financial performance.