Anchor Resources' shares up on acquisition news
Gold miner plans to take over granite firm to diversify revenue base
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
