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Singapore O&G shares surge 18% upon privatisation offer

Felicia Tan
Felicia Tan3/9/2022 10:31 AM GMT+08  • 3 min read
Singapore O&G shares surge 18% upon privatisation offer
As at 10.30am, shares in Singapore O&G are trading 4.5 cents higher or 18% up at 29.5 cents, representing a 52-week high.
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Shares in Singapore O&G opened at 29.5 cents on the morning of March 9, after the company requested for the lifting of its trading halt after market close on March 8.

The share price represents an 18% surge from the company’s last-closed share price of 25 cents.

The share price surge came after a privatisation offer was made by NewMedCo at 29.5 cents apiece for all the shares in Singapore O&G on March 7.

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