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

Company not aware of any new info that might explain surge

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...