Kumpulan Powernet up as independent adviser tells shareholders to accept takeover offer

Kumpulan Powernet up as independent adviser tells shareholders to accept takeover offer

The Edge Markets - Malaysia·2019-11-07 17:20

KUALA LUMPUR (Nov 7): Kumpulan Powernet Bhd's share price rose as much as 22 sen or 15.94% to RM1.60 today before paring losses, after independent adviser Mercury Securities Sdn Bhd told minority shareholders to accept the RM1-a-share takeover offer from Serba Dinamik Holdings Bhd group managing director and chief executive officer Datuk Dr Mohd Abdul Karim Abdullah.

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