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Hot stock: Acromec's counter up 20% on acquisition news

Thursday, November 24, 2016 - 11:04

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Shares in Acromec surged more than 20 per cent or seven Singapore cents to S$0.395 as at 10.54am on Thursday, on news that it would buy a stake in Golden Harvest Engineering.

SHARES in Acromec surged more than 20 per cent or seven Singapore cents to S$0.395 as at 10.54am on Thursday, on news that it would buy a stake in Golden Harvest Engineering.

More than 5.8 million shares changed hands.

The specialist engineering services provider serving mainly the healthcare, biomedical, research and academia sectors had said it would acquire 60 per cent of the issued and paid-up share capital of Golden Harvest for S$1.86 million.

Golden Harvest, a home-grown company established in 1998, mainly provides maintenance services for air-conditioning and mechanical ventilation systems.

sentifi.com

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