Jaya shares up 12% at 5-year high, prompting takeover talk

THE shares of offshore and marine group Jaya Holdings rose a sharp 12.3 per cent to close at 82 cents in active trading yesterday, prompting a query from the Singapore Exchange.

Analysts and traders are saying a potential takeover or change in major shareholders could once again be on the cards for the group, which last had a change in ownership in 2011.

Some 8.9 million shares worth $7 million changed hands yesterday, with the counter closing at a five-year high.