Hot stock: Acromec's counter up 20% on acquisition news
SHARES in Acromec surged more than 20 per cent or seven Singapore cents to S$0.395 as at 10.54am on Thursday, on news that it would buy a stake in Golden Harvest Engineering.
More than 5.8 million shares changed hands.
The specialist engineering services provider serving mainly the healthcare, biomedical, research and academia sectors had said it would acquire 60 per cent of the issued and paid-up share capital of Golden Harvest for S$1.86 million.
Golden Harvest, a home-grown company established in 1998, mainly provides maintenance services for air-conditioning and mechanical ventilation systems.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard
Europe: Stocks retreat on earnings gloom, weak US economic data
US: Stocks hit by GDP data, Meta results