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Hot stock: Global Dragon shares up over 15% after news of takeover bid

Janice Tan

Published Mon, Feb 13, 2023 · 10:05 AM

SHARES of Global Dragon : 586 0% rose on Monday (Feb 13) after the Catalist-listed company received on Friday a voluntary conditional cash offer, from Fragrance Group founder Koh Wee Meng, to be taken private at S$0.12 apiece.

As at 9.07 am, Global Dragon was up 15.2 per cent or S$0.016 to S$0.121. The last time the stock rose to more than S$0.12 was in December 2021.

The counter later eased to trade at S$0.12, up 14.3 per cent or S$0.015 as at 9.25 am.

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Fragrance Group founder Koh Wee Meng to take Global Dragon private at S$0.12 per share

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Hot stock: Global Dragon shares up over 15% after news of takeover bid

Janice Tan

KEYWORDS IN THIS ARTICLE

Companies & Markets

Philippine central bank tightens dirty money risk reporting rule

It is time to put idle cash back into the market

Singapore Savings Bond 10-year average yield hits year-to-date high of 3.33%

Gold dips as US dollar edges higher, investors seek more Fed cues

US Fed ‘less hawkish’ than expected; Singapore banks, net cash companies likely to outperform

A timeline of DBS’ recent banking glitches

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