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Grand Hoover shares climb to fresh peak, up as much as 31.5%

Mimi Sabreena 4:03:00 PM Informasi

KUALA LUMPUR (Nov 17): Grand Hoover Bhd's share price continued to climb today after the company said its major shareholder has been approached by parties interested to acquire stake in the company, as well as to possibly form joint ventures.

The stock rose as much as 31.5% to touch an intraday high of RM1.21 in early trade. At 2.43pm, Grand Hoover shares were up 19 sen or 20.65% at RM1.11, with 6.37 million shares done. Its market capitalisation stood at RM47.2 million.

In the morning session, the stock was trading between 96 sen and RM1.21.

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