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Sim Lian shoots up on privatisation offer

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Published Wed, Aug 10, 2016 · 09:50 PM

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Big jump

Singapore

SHARES of construction and property development firm Sim Lian Group jumped 13.3 per cent or 12.5 cents on Wednesday to close at S$1.065 after it resumed trading.

This followed Monday's announcement of a privatisation offer from a consortium led by the company's founder. The stock price has not been at this level for a year.

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