KUALA LUMPUR: Shares of ENG TEKNOLOGI HOLDINGS BHD [] jumped when trading resumed in the afternoon session on Monday, July 18 on hopes of a good deal for investors if there is a privatisation.
Despite the lack of details on pricing, speculators decided to chase up the stock amid a weaker broader market.
At 2.32pm, Eng Tek was up 23 sen to RM2.03 with 899,000 shares done.
However, the FBM KLCI fell 11.12 points to 1,566.13. Turnover was 336.35 million shares valued at RM490.55 million. Losers beat gainers 510 to 116 while 284 counters were unchanged.
HwangBDS Investment Bank said on behalf of Eng Teknologi that certain major shareholders of the company were in such discussions.
The announcement was made as Eng Teknologi shares were actively traded on Bursa Malaysia in the morning session before the suspension at 11.04am.
HwangBDS Investment Bank however said the company had not received any definitive proposal.
'The company will make the necessary announcement should there be any matter that requires an immediate disclosure,' it said.
Despite the lack of details on pricing, speculators decided to chase up the stock amid a weaker broader market.
At 2.32pm, Eng Tek was up 23 sen to RM2.03 with 899,000 shares done.
However, the FBM KLCI fell 11.12 points to 1,566.13. Turnover was 336.35 million shares valued at RM490.55 million. Losers beat gainers 510 to 116 while 284 counters were unchanged.
HwangBDS Investment Bank said on behalf of Eng Teknologi that certain major shareholders of the company were in such discussions.
The announcement was made as Eng Teknologi shares were actively traded on Bursa Malaysia in the morning session before the suspension at 11.04am.
HwangBDS Investment Bank however said the company had not received any definitive proposal.
'The company will make the necessary announcement should there be any matter that requires an immediate disclosure,' it said.
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