Shares of Singapore investment firm k1 Ventures Ltd jumped to their highest level since August last year after its majority shareholders offered to take the firm private in a deal valuing it around S$292 million (US$228.71 million).
Within five minutes of trading, K1 shares had surged as much as 19.5 per cent to S$0.135, matching the offer price of S$0.135 per share. More than 2 million shares were traded, 3.4 times the average full-day volume over the past 30 days.
K1\'s main shareholders include a unit of Keppel Corp Ltd .
K1 has investments in sectors such as transportation leasing, education, oil and gas exploration, financial services and automotive retail.
Within five minutes of trading, K1 shares had surged as much as 19.5 per cent to S$0.135, matching the offer price of S$0.135 per share. More than 2 million shares were traded, 3.4 times the average full-day volume over the past 30 days.
K1\'s main shareholders include a unit of Keppel Corp Ltd .
K1 has investments in sectors such as transportation leasing, education, oil and gas exploration, financial services and automotive retail.