Esthetics jumps on takeover offer

KUALA LUMPUR: Shares of Esthetics International Group Bhd (EIG) jumped in early trade on Monday after it received an unconditional mandatory take-over offer from Providence Capital Sdn Bhd.

At 9.02am, it was up seven sen to 50 sen. There were 344,700 shares done.

The FBM KLCI inched up 0.44 of a point to1,666.79. Turnover was 24.16 million shares valued at RM15.17mil. There were 55 gainers, 53 losers and 103 counters unchanged.

Last Friday, Providence Capital offered to acquire the EIG shares at 50 sen each and the warrants at 12 sen each.