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HanKore shares soar on plans for RTO deal

Stock closes 35% higher at 10.8 cents in heavy trading

Singapore

INVESTORS pounced on shares of HanKore Environment Tech Group yesterday after the water-treatment technology firm unveiled on Monday its plans for a reverse takeover deal with China Everbright Water Investments (CEWI).

HanKore shares were up 36 per cent in intra-day trade yesterday, touching a high of 10.9 cents. The counter was the most actively traded, with 780.7 million shares changing hands.

It closed the day at 10.8 cents apiece, up 2.8 cents or 35 per cent.

Yesterday was the first day...

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