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.