Bursa Malaysia Stock Watch
EPIC climbs on buyout report
kltrader
Publish date: Mon, 09 Aug 2010, 05:20 PM
kltrader
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This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Eastern Pacific Industrial Corp (EPIC), a Malaysian oil and gas services provider, climbed to a 30-month high in Kuala Lumpur trading after a local financial weekly said Terengganu Inc plans to buy out the company.
The stock rose 7 per cent to RM2.26 at 10.24 am local time, set for its highest close since January 21, 2008.
Terengganu Inc, which has a 40.1 per cent stake in Eastern Pacific, is planning to buy the shares it doesn't already own in the company to take it private, the newspaper reported on August 7, citing unidentified people familiar with the plan. - Bernama
The stock rose 7 per cent to RM2.26 at 10.24 am local time, set for its highest close since January 21, 2008.
Terengganu Inc, which has a 40.1 per cent stake in Eastern Pacific, is planning to buy the shares it doesn't already own in the company to take it private, the newspaper reported on August 7, citing unidentified people familiar with the plan. - Bernama
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