Hot stock: Silverlake Axis jumps 23.3% on privatisation offer

Hot stock: Silverlake Axis jumps 23.3% on privatisation offer

August 27, 2024 / Riah Marton /


After calling for a trading halt on Monday, Silverlake Axis announced it had received a voluntary unconditional offer to privatise at S$0.36 in cash per share

SHARES of Silverlake Axis surged above a one-year high after the enterprise technology company resumed trading on Tuesday (Aug 27) morning, following news of a privatisation offer from a group led by its chairman Goh Peng Ooi.

As at 10.08am its share price was up 23.3 per cent to S$0.37 – a level not seen since it traded at around the same price in February 2023.

By 10.24am it eased slightly to S$0.365, up 0.065 or 21.7 per cent, but remained the top-traded counter in terms of volume with 37.1 million shares transacted.

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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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