SK Jewellery shares up 56.8% after co-founders' privatisation bid
The offeror says going private will give it more control and cost savings
Add BT as a preferred source
Singapore
SHARES of Catalist-listed SK Jewellery Group reached a two-year high on Wednesday after the jeweller's co-founders offered to take the company private at 15 Singapore cents per share.
The counter hit an intra-day high of 14.9 cents on Wednesday, up 56.8 per cent or 5.4 cents as at 1.05pm, just shy of the offer price. The last time the counter closed near this level was in late July 2018.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
