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Hwang Capital up 18% on buyout offer from its chairman

DBS is a key shareholder with about 24%; offer price is some 20% more than the last traded price of RM2.21

Kuala Lumpur

HWANG Capital (Malaysia) Bhd leapt nearly 18 per cent to RM2.60 on Tuesday after its chairman Hwang Lip Teik offered RM2.65 cash per share  or some RM469 million (S$157.6 million) in a bid to take the money lender private.

Mr Hwang's offer to privatise the company of