KUALA LUMPUR: Shares of ADVENTA BHD [] declined in early trade on Monday, Dec 27 after the company last week said it was not in talks with a US-based firm as a potential acquisition target.
At 9.30am, Adventa fell three sen to RM2.45 with 428,100 shares done.
Last week, the stock had hit limit up on market speculation that it could be a potential acquisition target by a US-based firm.
However, Adventa had announced that while it periodically receives expressions of interest on an exploratory basis from other parties in relation to possible acquisitions of the company but that there had been no material change in circumstances.
At 9.30am, Adventa fell three sen to RM2.45 with 428,100 shares done.
Last week, the stock had hit limit up on market speculation that it could be a potential acquisition target by a US-based firm.
However, Adventa had announced that while it periodically receives expressions of interest on an exploratory basis from other parties in relation to possible acquisitions of the company but that there had been no material change in circumstances.
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