Geo Energy says it's in talks over acquisition following SGX query
DeeperDive is a beta AI feature. Refer to full articles for the facts.
GEO Energy Resources on Friday said it is undergoing negotiations on a potential acquisition, but no firm decision has been made at this stage.
It was responding to a query by the Singapore Exchange (SGX) on Friday over unusual volume movements of the shares.
"The board wishes to inform that various opportunities are being considered and negotiations on a potential acquisition are currently on-going," it added.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘We’ve seen the worst-case scenario’: How Indonesia’s Cinema XXI navigated crisis and change
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Costly renewals: Transforming an old landed house into your dream home is getting harder