|
MMosaics surges in early trade |
|
Business & Market 2010
|
|
Written by Surin Murugiah
|
|
Wednesday, 14 July 2010 09:19 |
|
|
|
KUALA LUMPUR: Malaysian Mosaics Bhd (MMosaics) surged on Wednesday, July 14 after it received a privatisation proposal from its major shareholder Gek Poh (Holdings) Sdn Bhd at RM2.30 cash per share.
This is a premium of 30% and 41% over the five-day and three-month volume weighted average market price of MMosaics shares up to and including July 9 of RM1.77 and RM1.63 respectively.
At 9.15am, MMosaics jumped 31 sen to RM2.19 with 384,000 shares traded.
|
|
|
Last Updated on Wednesday, 14 July 2010 09:56