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UEM Sunrise rallies 32% on takeover speculation
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UEM Sunrise rallies 32% on takeover speculation
The recent rally in UEM Sunrise Bhd’s shares has added over RM809 million to its market value. (Website pic) PETALING JAYA: UEM Sunrise Bhd’s shares have surged nearly 32% over four trading days after RHB Research said last week it has emerged as a potential takeover or privatisation target. The stock rose as much as 8 sen or 13.6% to 67 sen before closing at 66.5 sen today, valuing the property developer at RM3.36 billion. It was the third most…
·Kuala Lumpur, Malaysia
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