SECOND-LINER Marco Holdings Bhd
, previously illiquid and only remotely known to analysts, saw its shares surge 39 sen or 21.55% yesterday to RM2.20. The counter was one of the top gainers of the day on volume of 901,300 shares.
Market speculation has it that Marco, controlled by Tan Sri Robert Tan Hua Choon, will be given a new business direction following the proposed injection of Spanco Sdn Bhd into the company for an undisclosed value. The Tan family is the major stakeholder in Spanco.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
