PETALING JAYA: Shares in SILK Holdings Bhd finally succumbed to profit-taking yesterday, declining 3.5 sen to 46.5 sen, after surging for three consecutive days.
Since Monday, the stock had gained more than 100%, the highest level in two years, after the company announced that its financial restructuring plans were completed upon the conversion of the redeemable convertible unsecured loan stock-A (Rculs-A) and the issuance of Rculs-B for the acquisition of AQL Aman Sdn Bhd on Wednesday.
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