$OCBC Bank (O39.SG)$ Privatization $Great Eastern (G07.SG)$ Allowing long-standing plantation stocks that hold shares in Wuxi Commercial Mansion Grand Orient. $SBAGAN (2569.MY)$ A windfall came from the sky, and the stock price surged significantly.
OCBC Bank announced on Friday its plan to fully acquire and privatize Wuxi Commercial Mansion Grand Orient for 1.4 billion Singapore dollars (approximately 4.9 billion Malaysian ringgit). The bank bid 25.60 Singapore dollars per share to acquire the equity of Wuxi Commercial Mansion Grand Orient, representing a 36.9% premium over the last trading price of 18.70 Singapore dollars for Wuxi Commercial Mansion Grand Orient last Friday.
With this news, Wuxi Commercial Mansion Grand Orient's stock price also rose all the way by 37.65% to 25.85 Singapore dollars.
How much is one share of Wuxi Commercial Mansion Grand Orient really worth? Seng Kee Prawn Mee Restaurant holds 1% equity of Wuxi Commercial Mansion Grand Orient or equivalent to 4,763,000 shares. If calculated at 25.60 Singapore dollars per share, the total value is 0.42688 billion Malaysian ringgit. After the surge in net profit for two days, it has reached the level of 0.4378 billion Malaysian ringgit.
Parent company $KLUANG (2453.MY)$ And sister companies $KUCHAI (2186.MY)$ The stock price is also motivated.
Wuxi Commercial Mansion Grand Orient's privatization earns a whopping 0.4 billion. Seng Kee Prawn Mee Restaurant and related stocks soar (enanyang.my)

$BAUTO (5248.MY)$ wait for the fund managers to lose money or the local int then only can see the price increase. it's a titan war now. ikan bilis all dying from the aftershock. only sea turtles swim calmly and survive.

$JPG (5323.MY)$ Is it arbitrage wave coming?

$BAUTO (5248.MY)$ So great, hitting new lows every day.

$HIBISCS (5199.MY)$ A good company is not afraid of falling, the more it falls, the cheaper it gets, making it even more worth long-term investment profit!

$PERTAMA (8532.MY)$ Flipped it over!

$YTL (4677.MY)$ Let's all become long-term shareholders of ytl together, thank you all for your support.

$PBBANK (1295.MY)$ why so many ppl selling anything happen 🫨