Friday, August 10, 2012
E&O- Sime Darby to make GO for E&O at RM2.30?
The Securities Commission (SC) will now order Sime Darby Bhd to make a general offer for Eastern & Oriental Bhd (E&O) shares after buying a 30-per cent stake last year, say government sources. For more, go here.
If it is true, shouldn't SC order E&O to suspend trading on the stock immediately?
Chart 1: E&O's 30-min chart as at August 10, 2012_4.45pm (Source: Quickcharts)
Chart 2: E&O's weekly chart as at August 10, 2012_4.45pm (Source: Quickcharts)