Trading ideas: Rohas Technic, Suiwah, Vortex
KUALA LUMPUR: JF Apex Research expects Rohas Technic Bhd, Suiwah Corp Bhd , and Vortex Consolidated Bhd to be among the stocks to watch following their latest corporate news.
Rohas Technic's indirect wholly-owned subsidiary RBC Water Sdn Bhd has signed a share purchase agreement (SPA) with shareholders of Phu My Vinh Construction And Investment Corp (PMV) to buy a 40% stake in the latter for Vietnamese dong 232 million (RM41.3mil).
The Hwang family, which holds a 30.91% stake in Penang-based Suiwah, is looking to take the company private at RM2.80 per share.
Vortex said that it has scrapped plans to buy a 70% stake in property developer Rimbun Gabungan Sdn Bhd (RGSB) for RM12mil cash.
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