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Singapore : Singapore\'s K1 Ventures jumps on privatisation bid
Publish Date : 29-Jun-2012
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.
