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Hot stock: Golden Energy hits all-time high on news of potential buyout
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Vivienne Tay
Published Mon, Oct 10, 2022 · 03:01 PM
SHARES of mainboard-listed Golden Energy and Resources surged as much as 11.3 per cent on Monday (Oct 10), following news of “a possible acquisition”.
The mining company said in a bourse filing that it is in discussion with certain shareholders, including Indra Widjaja, regarding the potential deal.
“At present, there is no concrete outcome from the aforementioned discussions, and no definitive agreements have been entered into, involving the company and its subsidiaries,” the group added.
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