Asiatravel.com up 22% on news of cash offer
Anita Gabriel
SHARES of Catalist-listed Asiatravel.com Holdings jumped 22 per cent when the counter resumed trading after it announced that Shenzhen-listed ZhongHong Holding, its substantial shareholder, plans to make a cash offer for all its shares at 30 Singapore cents per share.
The counter gained five Singapore cents to 28 Singapore cents over its last traded price on Wednesday prior to a trading halt until 2.45 pm on Friday pending the announcement.
ZhongHong owns 11.4 per cent stake in Asiatravel.com.
Copyright SPH Media. All rights reserved.
TRENDING NOW
World’s largest offshore wind platform by Seatrium consortium on track to be completed by 2028
Is stamp collecting enjoying an analogue revival or are its best days over?
GovTech retrenches another 38 staff in second round of layoffs
MBS adjusted property Ebitda falls 20.6% in Q3 with fewer high-roller visits, weaker hold
