Bursa Malaysia Stock Watch
QSR shares rises after takeover
kltrader
Publish date: Mon, 22 Nov 2010, 02:45 PM
kltrader
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QSR Brands Bhd, a Malaysian operator of fast-food restaurants, rose in pre-market trading after the company received a takeover offer for its business from businessmen Halim Saad and Che Mokhtar Che Ali.
The stock, which was suspended on Nov. 19, was offered at RM5.93 each at 2:21 p.m. in Kuala Lumpur. The shares will resume trading at 2:30 p.m. The businessmen made a bid for QSR's business at an indicative price of RM5.60 a share, QSR said in a statement today. -- Bloomberg
The stock, which was suspended on Nov. 19, was offered at RM5.93 each at 2:21 p.m. in Kuala Lumpur. The shares will resume trading at 2:30 p.m. The businessmen made a bid for QSR's business at an indicative price of RM5.60 a share, QSR said in a statement today. -- Bloomberg
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