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Albedo's RTO deal hanging on tenterhooks

Shares recover slightly but announcements signal tension

Mr Tan: Representatives of his privately owned Infinite Rewards had requested that the deal be mutually terminated. Albedo announced last Friday that no mutual agreement had yet been reached. - PHOTO: THE STAR

CATALIST-LISTED Albedo shares bounced back a tad yesterday after an injurious showing last Wednesday when its stock price plunged more than 40 per cent following a report that its lifeline-deal involving sizeable Iskandar land had fallen through.

The proposed massive $1.86-billion reverse...

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