KUALA LUMPUR: ENG TEKNOLOGI HOLDINGS BHD [] major stakeholders are in discussions in a corporate scheme that could lead to the privatisation of the company.
In a filing Monday, July 18, 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 this morning.
Eng Teknologi shares were last traded at 11.04am before trading was halted until 2.30pm. It rose 10 sen to RM1.90 with 749,100 shares done.
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.
In a filing Monday, July 18, 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 this morning.
Eng Teknologi shares were last traded at 11.04am before trading was halted until 2.30pm. It rose 10 sen to RM1.90 with 749,100 shares done.
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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