Bonia up 7.4% in early trade on listing of subsidiary on LEAP Market

PETALING JAYA: Shares of Bonia Corp Bhd rose as much as 7.4% this morning after announcing plans to demerge its unit CRG Incorporated Bhd for a separate listing on the LEAP Market.
At 11.45am, the stock rose gained 2.5 sen or 5.3% to 50 sen on some 1.61 million shares done.
CRG is an investment holding company while its subsidiaries are involved in the designing, manufacturing, promoting, marketing, distribution and retailing of Carlo Rino and CR2 branded fashion products.
CRG contributed to 15.5%, 8.8% and 15.0% of Bonia's revenue, profit before tax and net assets for the financial year ended June 30, 2017.