Business

Published: Thursday March 7, 2013 MYT 9:39:00 AM

Hong Leong Capital extends gains, suspension looms

By Joseph Chin


KUALA LUMPUR: Shares of Hong Leong Capital continued its rally on Thursday, surging to a high of RM3.70 as investors pinning their hopes for a higher takeover price from Hong Leong Financial Group Bhd (HLFG).

At 9.18am, Hong Leong Leong Capital was up 25 sen to RM3.65, which is 113.4% above HLFG's offer price of RM1.71.

The FBM KLCI rose 3.2 points to 1,655.04. Turnover was 61.46 million shares valued at RM49.89mil. There were 140 gainers, 53 losers and 128 counters unchanged.

Trading in Hong Leong Leong Capital's shares will be suspended on April 15 as it does not meet the shareholding spread. Its last trading day will be on April 12.

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