Reverse takeovers heating up in red hot market

A good example is the most recent RTO proposal by S5 Holdings Inc into Ace Market-listed Ancom Logistics Bhd. The counter went ballistic after an announcement of the corporate exercise, which saw the 10-sen counter jump to an all-time high of 56 sen in just a week.

THE red hot volumes registered on the stock market almost daily has triggered a rush in interest for reverse takeovers (RTOs).

A good example is the most recent RTO proposal by S5 Holdings Inc into Ace Market-listed Ancom Logistics Bhd.