ESSO MALAYSIA BHD [], whose share price surged on Friday, March 25 has quashed speculation that it is going to be taken private.
Esso rose 26.07% or 91 sen to RM4.40 in the morning session with 3.17 million shares done on a report in a local daily that said the company;s shares had been actively traded a day earlier on rumours that it was going to be taken private.
The stock had advanced 8.72% or 28 sen to RM3.49 on Thursday.
In a filing to Bursa Malaysia Securities, Esso said on Friday that it was not aware of any plans to take it private as had been reported.
“Esso wishes to also announce that there have been no undisclosed developments which would account for the apparent unusual market activity,” it said, referring to the high trading volume in its shares. - by Surin Murugiah of theedgemalaysia.com
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