Yee Lee hits limit-up on news of privatisation plan
The counter rose rose 20.10%, or 39 sen, with 1.64 million shares traded, before settling at RM2.33 yesterday. (File pic shows one of the many Yee Lee products.)
PETALING JAYA: Yee Lee Corp Bhd 
hit limit-up in early trade on news that its major shareholders planned to privatise the group.
The counter rose rose 20.10%, or 39 sen, with 1.64 million shares traded, before settling at RM2.33 yesterday.
Yee Lee, which trades in edible oil, announced last Friday that its major shareholders, which own a combined 58.41% stake, had launched a voluntary takeover to acquire the remaining shares at RM2.33 per share.
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