KUALA LUMPUR (Feb 2): Glenealy PLANTATION []s (Malaya) Bhd was the top loser in thin trade on Thursday as investors were quick to take profit following the run-up in the share price following proposed takeover of the plantations company.
At 11.29am, Glenealy was down 27 sen to RM7.10. There were 7,000 shares done at prices ranging from RM7.10 to RM7.30.
On Jan 27, Samling Strategic Corporation Sdn Bhd (SCC) announced plans to take its Hong Kong-listed Samling Global Ltd and also Glenealy and Lingui Developments Bhd private.
SCC offered RM7.50 a share for the plantation-based Glenealy shares, which is a premium of 95 sen or 14.5% above the pre-suspension price of RM6.55.
SCC also offered RM1.63 for the timber-based Lingui shares, which was 27 sen or 19.8% above the pre-suspension price of RM1.36.
At 11.29am, Glenealy was down 27 sen to RM7.10. There were 7,000 shares done at prices ranging from RM7.10 to RM7.30.
On Jan 27, Samling Strategic Corporation Sdn Bhd (SCC) announced plans to take its Hong Kong-listed Samling Global Ltd and also Glenealy and Lingui Developments Bhd private.
SCC offered RM7.50 a share for the plantation-based Glenealy shares, which is a premium of 95 sen or 14.5% above the pre-suspension price of RM6.55.
SCC also offered RM1.63 for the timber-based Lingui shares, which was 27 sen or 19.8% above the pre-suspension price of RM1.36.
