Hot stock: Isetan Singapore jumps 147.5% on proposed privatisation after resuming trade

Hot stock: Isetan Singapore jumps 147.5% on proposed privatisation after resuming trade

April 2, 2024 / Riah Marton /


SHARES of mainboard-listed Isetan Singapore : I15 0% surged as much as 150 per cent at Tuesday’s (Apr 2) market open, after the company announced on Monday a proposed privatisation by majority shareholder Japanese department store operator Isetan Mitsukoshi.

Isetan Singapore’s shares climbed S$4.26 to S$7.10 right after resuming trade on Tuesday, S$0.10 shy of Isetan Mitsukoshi’s S$7.20 per share privatisation offer. By 9.21 am, the counter was trading 147.5 per cent or S$4.19 h…

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Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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