Equation Summit surges 43% on news of investors

Singapore

SHARES of Equation Summit surged 43 per cent on Monday on news of four new investors, including a fund management firm and a veteran Chinese businessman, entering the fray through private placement.

This was seen as a vote of endorsement for the technology company, which has lately rolled out new innovative digital solutions, including a gadget that can read driver behaviour and a digital lock that reduces pilferage.