Received a comprehensive acquisition offer, Low Keng Huat rose 16% in early trading | Lianhe Zaobao
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Developer Low Keng Huat announced that its stock price surged over 16% in the morning session after receiving a voluntary conditional general offer for acquisition. The special purpose company Consistency Record plans to privatize the company at a price of HKD 0.72 per share. The company is held by Managing Director Liu Pingjie and his mother. The acquisition price represents a premium of approximately 17.1% over the previous trading price
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