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Super Coffeemix soars on takeover talk

viruz7667

Thanks a million for this info. It's juz simply great news. I've always had quiet confidence in the company. The management team works really hard. Met them overseas in some unsual places.

Hope U huat. Me, happy as I collected some during this crisis.

 

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SINGAPORE - Food and beverage firm Super Coffeemix surged as much as 21 per cent to $0.975 with 3 million shares traded.

Its shares also soared 20 per cent on Thursday, prompting queries from Singapore Exchange about its stock rise.

The firm replied on late Thursday that it has received interest regarding a 'possible transaction' and they are still in the early stage of discussions.

Super Coffeemix did not give further details when contacted by Reuters.

Three dealers said there has been speculation of a takeover bid for Super Coffeemix.

'There's talk of a takeover bid. But the firm's market cap is around half a billion, so a reverse takeover might be ruled out,' one trader said. -- REUTERS