Monday, April 11, 2011

Jerneh Asia gains on takeover target news

Jerneh Asia Bhd, a Malaysian insurer, rose to a seven-month high in Kuala Lumpur trading after the Business Times reported that it may be a reverse takeover target for an unidentified property developer.

The stock gained 3.5 per cent to RM3.23 at 9:06 a.m. local time, set for its highest close since Sept. 13. -- Bloomberg

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