Broadway shares jump 24.5% in intra-day trading on proposal to sell hard disk business
Precision manufacturer's shares jump to intra-day high of 12.2 Singapore cents before closing at 11.6 Singapore cents
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Singapore
SHARES of Broadway Industrial Group surged 24.5 per cent on Friday after the company announced it has taken another step in its plan to dispose of its hard disk drive business.
The precision manufacturer's shares jumped to an intra-day high of 12.2 Singapore cents at 1.06pm, 2.4 cents or 24.5 per cent higher than Thursday's closing price of 9.8 cents. The counter closed at 11.6 Singapore cents on Friday, up 1.8 cents or 18.4 per cent.
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