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Anchor Resources' shares up on acquisition news

Gold miner plans to take over granite firm to diversify revenue base

Anita Gabriel

Published Mon, Jun 27, 2016 · 09:50 PM

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, sparke…