Hot stock: CRT soars on potential interest

CROESUS Retail Trust (CRT) saw its unit price jumped on Wednesday after its manager, Croesus Retail Asset Management, disclosed that it had been apporached by a potential buyer of CRT.

At 11:01am, the trust was trading around S$0.98, up 4 Singapore cents, or 4.26 per cent.

Earlier, its managers said discussions were preliminary and there was no certainty or assurance that they would result in any transaction. Citigroup Global Markets Singapore has been appointed its financial adviser.