KUALA LUMPUR (Jan 20): DBE Gurney Resources Bhd continued to be actively traded on Friday after the company confirmed that it was in talks with a shareholder of CI Holding Bhd which includes a private placement exercise.
At 9.05am, DBE Gurney was the most actively traded counter with 23.37 million shares done. It was unchanged at 13.5 sen.
Meanwhile, its warrants rose half a sen to 8 sen with 5.45 million units done.
The poultry-based company, in its reply to a Bursa Malaysia Securities query on Thursday, said it had plans for a private placement to raise funds for its working capital requirement.
However, DBE said the talks with the CI Holdings shareholders was “at preliminary stage”.
“As such, the pricing for the proposed private placement exercise have not been finalised yet,” it said.
At 9.05am, DBE Gurney was the most actively traded counter with 23.37 million shares done. It was unchanged at 13.5 sen.
Meanwhile, its warrants rose half a sen to 8 sen with 5.45 million units done.
The poultry-based company, in its reply to a Bursa Malaysia Securities query on Thursday, said it had plans for a private placement to raise funds for its working capital requirement.
However, DBE said the talks with the CI Holdings shareholders was “at preliminary stage”.
“As such, the pricing for the proposed private placement exercise have not been finalised yet,” it said.
