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Eng Teknologi rises on takeover offer

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Eng Teknologi rises on takeover offer

Post by hlk Mon 25 Jul 2011, 10:20

KUALA LUMPUR: ENG TEKNOLOGI HOLDINGS BHD []
shares advanced on Monday, Juy 25 after its major shareholders, who own
23.21% of the Penang-based company, made a takeover offer of the
remaining shares in a RM307 million corporate exercise.
At 9.20am, Eng Teknologi rose six sen to RM2.34 with 711,000 shares traded.
TYK Capital Sdn Bhd had offered to acquire the entire business and
undertakings (including all the assets and liabilities), for RM2.50 per
share.
This is 12 sen above the last trading price of RM2.28. The share price closed 14 sen higher at RM2.28 on Friday.

hlk: Moderator; Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia

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