Quick take: Watta rises 11% on takeover offer


KUALA LUMPUR: Shares in Watta Holding Bhd rose over 11% in early trade Thursday after its group executive chairman Datuk Lee Foo San launched a mandatory takeover offer.

The counter added 11.71%, or 6.5 sen to 62 sen, its highest since July 2019. It is currently trading at a PE ratio of 24.31 times.

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