RI firm to acquire Goldtron

RI firm to acquire Goldtron

SINGAPORE (Reuter): SESDAQ-listed electronics group Goldtron Ltd topped the volume in Singapore at mid-morning on renewed rumors of takeover by unidentified Indonesian parties, brokers said.

Goldtron shares topped the volume with over 11.62 million shares traded at Singapore $1.53, up two cents. The price ranged between S$1.50 and S$1.60 this morning.

Brokers said Goldtron shares have been among the most active shares on the local bourse in recent days. "There is a sudden interest in the stock because of rumors that it is being targeted for takeover by influential Indonesian parties," one dealing director said.

The rumors were further fueled by Monday's announcement to the stock exchange that the company's executive chairman Ong Soon Kiat had disposed of 8.59 million warrants at 47 cents each last Friday.