Mercury Securities in talks for potential acquisition


KUALA LUMPUR: Mercury Securities Group Bhd (MSGB) is currently negotiating to purchase a business which is complementary to the existing business of the group and its subsidiaries.

“However, the terms and conditions of the purchase have yet to be finalised.

“The group would make an immediate announcement once the terms and conditions of the purchase have been finalised and agreed upon by all parties,” MSGB said in a reply to an unusual market activity (UMA) query by Bursa Malaysia.

Apart from this, MSGB said its board was not aware of any other corporate development relating to the group’s business and affairs that had not been previously announced that may account for the trading activity, including those in the stage of negotiations/discussions.

MSGB closed down four sen, or 8.79%, to 41.5 sen with 63.22 million shares traded.

Separately, Bursa Malaysia issued UMA queries to Silver Ridge Holdings Bhd, Widad Group Bhd and Tanco Holdings Bhd following the sharp fall in their share prices.

“Investors are advised to take note of the company’s reply to the UMA query which will be posted on Bursa Malaysia’s website under the company announcement when making their investment decision,” the stock market operator said.

Bursa Malaysia had asked the three companies to disclose any corporate development relating to their business and affairs that had not been previously announced that may account for the trading activity.

This includes those in the stage of negotiations or discussions.

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