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CRRC Group To Boost IREKA-WB

The share of normally quiet construction and property development company Ireka Corporation Berhad (Ireka) surged in price and volume earlier this week after the company announced that CRRC Urban Traffic (Europe) Co Ltd (CRRC UT), a member of the China based CRRC Group, is taking up a strategic stake in Ireka and to establish a joint venture to venture into urban traffic solutions and rail infrastructure projects in the region.  Ireka’s share price closed at 65 sen on 6 November 2017 while the company warrant IREKA-WB ended trading at 12 sen.

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