Published: 2010/08/02
Tanjong Plc, a Malaysian power and gaming company, surged to a record in Kuala Lumpur trading after a group led by billionaire T. Ananda Krishnan offered RM4.7 billion (US$1.5 billion) for full control.
The stock jumped 20.4 per cent to RM21.26 at 9:02 am local time, set for a record close.
Krishnan and associated parties bid RM21.80 a share for the 53 per cent of Tanjong they don’t already own, according to a company statement. -- Bloomberg
http://www.btimes.com.my/Current_News/BTIMES/articles/20100802091253/Article/index_html
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