KUALA LUMPUR (March 2): DIJAYA CORPORATION BHD [] plans to under a corporate exercise which would involve a very substantial transaction.
The property developer said on Friday it had requested for the suspension in the trading of the securities for next Monday and Tuesday. Details of the corporate exercise would be released on Tuesday.
Trading in the securities was suspended from 4.35pm on Friday.
Dijaya’s share price rose to an intra-day high of RM1.72. It was up four sen to RM1.67 before trading was suspended.
Market talk is that Dijaya's major shareholder Danny Tan Chee Sing could be injecting his personal assets into the company which could increase the market capitalisation from RM766 million to about RM1 billion.
The property developer said on Friday it had requested for the suspension in the trading of the securities for next Monday and Tuesday. Details of the corporate exercise would be released on Tuesday.
Trading in the securities was suspended from 4.35pm on Friday.
Dijaya’s share price rose to an intra-day high of RM1.72. It was up four sen to RM1.67 before trading was suspended.
Market talk is that Dijaya's major shareholder Danny Tan Chee Sing could be injecting his personal assets into the company which could increase the market capitalisation from RM766 million to about RM1 billion.
