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Lingui, Glenealy surge on buyout offer
by hlk Mon 30 Jan 2012, 20:12
Lingui Developments Bhd and associate unit Glenealy Plantations Bhd
surged in Kuala Lumpur trading after saying they may be bought out by
their controlling shareholder.
Lingui jumped 12 percent to RM1.52 at 9:03 a.m. local time, set for its steepest gain since March 29.
Lingui may be bought out at RM1.55 a share, it said in a statement.
Glenealy surged 9.9 percent to RM7.20, headed for its highest close since October 1997. -- Bloomberg
surged in Kuala Lumpur trading after saying they may be bought out by
their controlling shareholder.
Lingui jumped 12 percent to RM1.52 at 9:03 a.m. local time, set for its steepest gain since March 29.
Lingui may be bought out at RM1.55 a share, it said in a statement.
Glenealy surged 9.9 percent to RM7.20, headed for its highest close since October 1997. -- Bloomberg
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