Thursday March 7, 2013

Hong Leong Capital shares to be suspended

PETALING JAYA: Hong Leong Capital Bhd's (HLCap) shares will be suspended from trading on April 15 as the company has failed to meet the 10% free float requirement.

However, its stock continued to surge yesterday, adding 40 sen to close at its day-high of RM3.40 with 291,200 shares traded.

This is almost double the RM1.71 takeover offer made by its parent Hong Leong Financial Group Bhd in January and close to two times HLCap's book value per share of RM1.80 as at Dec 31.

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