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Hot Stock Goh Ban Huat extends loss after Dynac deal terminated

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Hot Stock Goh Ban Huat extends loss after Dynac deal terminated Empty Hot Stock Goh Ban Huat extends loss after Dynac deal terminated

Post by Cals Thu 02 Oct 2014, 02:23

Hot Stock Goh Ban Huat extends loss after Dynac deal terminated
Business & Markets 2014
Written by Surin Murugiah of theedgemalaysia.com   
Wednesday, 01 October 2014 09:34

KUALA LUMPUR (Oct 1): Goh Ban Huat Bhd shares extended their loss on Wednesday after the company a day earlier had announced that its proposed acquisition of Dynac Sdn Bhd for RM632 million had been terminated.
At 9.16am, GBH  fell 0.54% or one sen to 1.87 with 22,000 shares done. 

In a filing with Bursa Malaysia Tuesday, GBH said it had received a letter dated Sept 29 from Datuk Abdul Rahman Mohamed Shariff and Normala Mohd Sharif, who had expressed their intention to terminate the deal, by way of a reverse takeover of GBH, by mutual agreement.
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