KUALA LUMPUR: Shares of HEVEABOARD BHD [] rose on Wednesday, March 9 after it received an offer from Dongwha Malaysia Holdings Sdn Bhd to acquire its assets related to the manufacturing of particleboard.
At 9.23am, it was up 16 sen to RM1.18 with 577,200 shares done while Heavea-WB added 13 sen to 68.5 sen.
The FBM KLCI rose 3.22 points to 1,520.88. Turnover was 186.41 million shares valued at RM159.39 million. There were 242 gainers, 66 losers and 128 stocks unchanged.
The Dongwha offer, if approved, will be transacted at no less than RM245 million, based on the book value of Heaveaboard's assets as at Dec 31, 2010.
At 9.23am, it was up 16 sen to RM1.18 with 577,200 shares done while Heavea-WB added 13 sen to 68.5 sen.
The FBM KLCI rose 3.22 points to 1,520.88. Turnover was 186.41 million shares valued at RM159.39 million. There were 242 gainers, 66 losers and 128 stocks unchanged.
The Dongwha offer, if approved, will be transacted at no less than RM245 million, based on the book value of Heaveaboard's assets as at Dec 31, 2010.
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