PEC Rises over 10% After Talks of Potential Share Deal
The shares of engineering company PEC had climbed 11.4 per cent or S$0.085 to S$0.83 as at 11.18 am. At the midday trading break, the stock had traded up by 10.1 per cent or S$0.075 to S$0.82, with 1.2 million securities switching hands.
PEC (SGX:IX2) said it has been approached by a third party regarding a potential transaction involving its shares, according to a Wednesday filing on the Singapore Exchange.
The engineering and maintenance services provider said no decision has been made, and there is no certainty a deal will materialize.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10