Top Global jumps 54.5%, overshoots offeror's final price by a cent

Singapore

MODEST hopes for a better offer drove shares of property developer Top Global up 54.5 per cent to close at 34 Singapore cents on Wednesday, one cent higher than a privatisation bid that launched the night before.

Company chairwoman Oei Siu Hoa is offering 33 Singapore cents per share to take the company private, valuing the developer at about S$106 million.