Abdul Karim, the group managing director and group CEO of Serba Dinamik Holdings Bhd, on Oct 2 acquired an additional 12.25 million Powernet shares at RM1 each via several direct business transactions. (File pic: A part of the Powernet factory)
KUALA LUMPUR: Shares in Kumpulan Powernet Bhd jumped to a two-year high after billionaire shareholder Datuk Mohd Abdul Karim Abdullah raised his stake in the company to trigger a mandatory general offer (MGO).
The stock surged 7 sen, or 7.6% to close at 99 sen with 4 million shares transacted.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
