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Wee Hur rises 11% on partial stake sale in student housing fund to GIC-linked entity

Shares of the property developer and builder closed at S$0.22 on Friday, with close to 6.2 million securities changing hands

Janice Lim

Published Sat, Apr 23, 2022 · 05:50 AM

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NEWS of Wee Hur Holdings' partial divestment of its stake in a student accommodation fund to a GIC-linked investment company have sent its shares soaring.

Shares of the property developer and builder closed at S$0.22, higher by S$0.022 or 11.1 per cent on Friday (Apr 22).

The price had peaked at S$0.23 at 3.46 pm, up by S$0.032 or 16.2 per cent over its last closing price, with close to 6.2 million securities changing hands.

The last time Wee Hur was trading at S$0.23 was more than 2 years ago, in November 2019.

The rally had started ri…