PETALING JAYA: Suiwah Corp Bhd, whose share price dropped to a five-year low a month ago, surged 22.94% yesterday following the decision of its major shareholder to privatise the retail firm.
The Penang-based Suiwah’s shares hit limit-up in morning trade, rising 65 sen or about 30% to an intra-day high of RM2.83.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!