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PSL rebounds to 10-week high

Share consolidation takes effect; firm completes acquisition of stake in marine logistics firm

Published Fri, Nov 27, 2015 · 09:50 PM

Singapore

SHARES in PSL Holdings rebounded to end near a more than 10-week high on Friday - the day when its 10-into-one share consolidation became effective. The rise also followed the completion this week of its acquisition of a stake in an Indonesia-based marine logistics business.

The stock traded between S$0.88 and S$0.36 before ending at S$0.82, up 17 cents or 26.2 per cent from S$0.65 on Nov 24 an…

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