Bursa Malaysia Stock Watch

Sunrise rises most in 9 years on offer

kltrader
Publish date: Mon, 08 Nov 2010, 05:44 PM
kltrader
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Sunrise Bhd, a Malaysian developer, jumped the most in more than nine years in Kuala Lumpur trading after receiving a takeover offer from UEM Land Holdings Bhd which valued the company at RM2.80 a share.

The stock gained 21.8 per cent to RM3.07 at 9:07 am local time, set for its biggest increase since April 11, 2001.

UEM climbed 4.9 per cent to RM2.37, set for its largest rise since September 30. -- Bloomberg
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