Arion Entertainment shares surge following shareholders' nod to diversify into property and moneylending

Arion Entertainment Singapore shares surged on Feb 17 after shareholders of the magazine publisher gave the go-ahead for the company to diversify into property and moneylending, marking yet another strategic change in the company’s business.

As at 11.40 am, shares in Arion Entertainment are trading up 27.27% at 1.4 cents, on heavy volume of more than 18 million shares traded. This makes it the 15th most actively traded stock thus far today. With a market capitalisation of $10.27 million, the company’s stock has reached a 52-week high of 1.8 cents and a low of 0.4 cents. 

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