KUALA LUMPUR: BOUSTEAD HOLDINGS BHD [] and PHARMANIAGA BHD [] share prices rose on Monday, June 14 on resuming trade after Boustead launched a RM534 million acquisition of Pharmaniaga Bhd to buy an 86.81% stake from UEM Group Bhd.
At 9.22am, Boustead added nine sen to RM3.67 with 62,600 shares done while Pharmaniaga gained 42 sen to RM5.52 with 15,500 shares traded.
The move is seen as crucial for Boustead as it seeks to strengthen its pharmaceutical business.
The offer price works out to RM5.75 per share or a 12% premium to its last traded price on Thursday of RM5.10.
At 9.22am, Boustead added nine sen to RM3.67 with 62,600 shares done while Pharmaniaga gained 42 sen to RM5.52 with 15,500 shares traded.
The move is seen as crucial for Boustead as it seeks to strengthen its pharmaceutical business.
The offer price works out to RM5.75 per share or a 12% premium to its last traded price on Thursday of RM5.10.
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