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Citic Envirotech shares surge on news of privatisation bid

Vivienne Tay
Published Thu, Nov 7, 2019 · 09:50 PM

Singapore

SHARES of Citic Envirotech surged as high as 45.9 per cent after resuming trade on Thursday on news that its majority owner is planning to take it private.

The counter peaked at $0.54, before closing on Thursday at $0.535, 44.6 per cent or 16.5 Singapore cents higher.

The jump in share prices began shortly after the market opened, with shares surging to S$0.535 as at 9.03am, from a last closing price of S$0.37 prior to a tradi…

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