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Mercurius rises 7.7% on s$36m plan to buy Malaysia grocery businesses

Among the grocery businesses it plans to acquire are Tan Lee Heng and Songmart Cash & Carry

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Lisa Kriwangko &

Ng Ren Jye

Published Fri, Apr 9, 2021 · 09:50 PM
New deal

Singapore

SHARES of Mercurius Capital Investment rose 7.7 per cent or 0.5 Singapore cent on Friday, to close at seven Singapore cents, after the Catalist-listed company proposed to acquire 10 grocery businesses in Malaysia for S$36 million.

Based on its Friday closing price, Mercurius now has a market capitalisation of S$84.3 million.

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