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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Posted in Business
