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Sindora climbs to 14-year high

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Sindora climbs to 14-year high Empty Sindora climbs to 14-year high

Post by hlk Thu 29 Sep 2011, 13:52

Sindora Bhd climbed to a 14-year high in Kuala Lumpur trading after parent Kulim Malaysia Bhd raised its buyout offer for the oil and gas shipping company.

The stock climbed 2 percent to RM3.08 at 9:09 a.m. local time, set for its highest close since July 1997.

Kulim increased its buyout offer to RM3.10 a share from RM3, it said in a statement yesterday. -- Bloomberg

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