Quick take: MTD ACPI jumps 20% on plan to acquire Putrajaya Perdana assets

TheStar Thu, Jul 11, 2019 10:35am - 4 years View Original


KUALA LUMPUR: Shares in MTD ACPI Engineering Bhd surged 20% in early trade Thursday after the group proposed to acquire Putrajaya Perdana Bhd’s assets spurring speculation of possible reverse takeover.


The construction firm jumped 20.6%, or 3.5 sen to 20.5 sen with over 1.5 million shares traded. 


MTD ACPI has signed a Heads of Agreement (HoA) with Putrajaya Perdana and its wholly-owned subsidiary, Putra Perdana Development Sdn Bhd, for the acquisitions of Orangebeam Construction Sdn Bhd and Orangebeam Development Sdn Bhd. 


The company said the purchase consideration has also yet to be determined.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

DESTINI 0.030

Comments

Yap Mei Wven
Like · Reply
This new is good or bad to destini?

Login to comment.