Home News Company in the news

Shares in Penguin International surge 16% following announcement on possible transaction

Felicia Tan
Felicia Tan12/21/2020 1:10 PM GMT+08  • 1 min read
Shares in Penguin International surge 16% following announcement on possible transaction
Penguin announced earlier today that it is in discussions with a potential investor in relation to a possible transaction.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Shares in Penguin International surged 16% to 58 cents after the company announced, on the morning of Dec 21, that it is in non-binding discussions with a potential investor in relation to a possible transaction involving the shares in the company.

At about 9.04am, shares in the company rose as high as 58.7 cents from 50 cents at market open.

The announcement was released by the company’s board of directors, who were informed of the transaction by Penguin’s executive chairman Jeffrey Hing Yih Peir and managing director James Tham Tuck Choong.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.