KUALA LUMPUR (Jan 25): DBE Gurney Resources Bhd continued to be actively traded on Wednesday after the company last week had confirmed that it was in talks with a shareholder of CI Holding Bhd which includes a private placement exercise.
At 9.15am, DBE Gurney was the most actively traded counter with 11.3 million shares done. It rose half a sen to 13 sen.
Meanwhile, its warrants traded unchanged at 7 sen with 2.51 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 9.15am, DBE Gurney was the most actively traded counter with 11.3 million shares done. It rose half a sen to 13 sen.
Meanwhile, its warrants traded unchanged at 7 sen with 2.51 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.
