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Cacola shares double on news of RTO deal

Livestock breeding among businesses of watch-list firm's target group

Singapore

SHARES in Cacola Furniture International, which was put on the Singapore Exchange watch- list last month, more than doubled in price yesterday on news of a reverse takeover (RTO) deal.

The stock closed at 2.9 cents, up 1.6 cents or 123 per cent from its last traded price of 1.3 cents on April 7 before a trading halt set in the following day pending announcements.

Cacola was the second most heavily traded stock by volume yesterday as more than 152 million shares changed hands following the...

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