Wednesday, August 4, 2010

Kretam rises on takeover offer

KUALA LUMPUR: KRETAM HOLDINGS BHD []'s share price advanced on Wednesday, Aug 4 after its major shareholders have extended an unconditional takeover offer to acquire all the remaining shares they do not already own at RM1.43 cash per share, after they had acquired more shares and converted their irredeemable convertible unsecured loan stocks (ICULS).

At 9.25am, Kretam was up seven sen to RM1.47 with 392,000 shares done.

No comments:

Post a Comment