Anchor Resources' shares up on acquisition news
Gold miner plans to take over granite firm to diversify revenue base
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Singapore
BARELY four months after its shoddy Catalist debut following a S$7.2 million share placement, Malaysian gold miner Anchor Resources has proposed to acquire a granite business to diversify its revenue base.
News of the proposed acquisition of GGT Manufacturing Sdn Bhd, a diamond stone granite operator which also provides architectural stone and interior fit out, sparked a surge in the stock on Monday, on a day when the market was rattled by Brexit woes.
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