MWE surges on privatisation offer


PETALING JAYA: Garment maker MWE Holdings Bhd surged by 33 sen or 25.38% to RM1.63 as trade closed yesterday, largely on the back of a privatisation offer from tycoon Tan Sri Surin Upatkoon (pic).

The Main Market-listed counter resumed trading at 2.30 pm, following its temporary suspension from 9 am yesterday to facilitate the announcement.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , MWE

Next In Business News

Astaka Padu, Kimlun team up for RM450mil Johor Bahru project
Ringgit rises against US dollar ahead of 3Q GDP estimates
Vestland secures RM225mil Kelantan river development contract
CRESS charges fixed at 14 sen/kwh for developers, 4 sen for green consumers
HCK Capital awards RM220mil contract for e.Sentral SmartCity project
PM launches UM student housing project for 40,000 students
Maxis secures additional 2,600MHz spectrum for RM287mil
Maybank Indonesia eyes ringgit for fast remittance service expansion
CelcomDigi accepts RM381.75mil spectrum award for 2600MHz, 900MHz bands
Over 850 stocks fall as US inflation fears rattle Bursa Malaysia

Others Also Read