Berjaya Food shares hit limit up

PETALING JAYA: Shares in Berjaya Food Bhd (BFood) hit limit up following news of its plan to acquire the remaining 50% it does not own in Berjaya Starbucks Coffee Co Sdn Bhd (BStarbucks) for RM279.5mil cash.

BFood shares gained 54 sen to RM2.34 from Wednesday’s closing price of RM1.80, thus triggering the 30% limit-up threshold. Its warrants followed suit, rising 31 sen to RM1.37, representing a 29.25% jump.