Blumont 'could have attracted int'l interest'

IN ITS second reply to a Singapore Exchange (SGX) query on the sharp rise of its share price since the beginning of the year, Blumont Group said its recent flurry of activities could have attracted international interest in its stock.

The sterilisation services firm, which had been expanding into the mineral and resources sector since the end of last year, said it had been approached by "global financial parties, including an international fund management firm".

The latter had expressed interest in investing in the company through a private placement, and discussions are ongoing, Blumont said, adding that it had in the past five months held discussions with over 20 additional potential acquisition targets and joint venture partners, most of which are listed firms.