Apex shares hit limit-up, rallies 26%

The proposed merger comes a year after the entry of an entity called ACE Investment Bank into Apex. The entity emerged with a 23% stake in Apex at about the time when a similar sized block was traded off market by the late Chan Guan Seng(pic), Apex

PETALING JAYA: Apex Equity Holdings Bhd shares hit limit-up during trade on Wednesday, but ended the day just shy of the 30% mark.

At 5pm yesterday, the stock closed 24.5 sen (or 26%) up at RM1.19 with 370,300 shares changing hands.