NexG, NexG Bina shares surge on government buyout prospect
KUALA LUMPUR: Shares of NexG Bhd and its associate NexG Bina Bhd surged in active trade after NexG confirmed that the government had sought an indicative price for a possible acquisition of its wholly owned subsidiary Datasonic Technologies Sdn Bhd (DTSB).
NexG Bhd and its associate NexG Bina Bhd experienced a surge in their shares following the government's inquiry into a potential acquisition of NexG's wholly-owned subsidiary, Datasonic Technologies Sdn Bhd. After trading resumed at Bursa Malaysia, the stock opened 1.5 sen higher at 34.5 sen, marking the company's busiest trading in over eight months. NexG Bina, previously known as Classita Holdings Bhd, saw a rise of 16.67% to 3.5 sen, valuing the company at approximately RM43 million.
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