Thursday, January 19, 2012

Shares of Meiban Group jump on possible takeover

Shares of Meiban Group jumped 23.2% on Thursday after the company said it may be the subject of a takeover bid by an unnamed party.

At 9:01 a.m., Meiban shares were up 19.6% at $0.335, outperforming the broader Straits Times Index <.FTSTI> which was 0.6% higher.  
 

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