KUALA LUMPUR (Sept 26): DeGem Bhd's share price rose as much as 22 sen or 27% to RM1.05 so far today after the jeweller's major shareholder Legion Master Sdn Bhd offered to privatise DeGem at RM1.10 a share via a selective capital reduction and repayment (SCR) exercise.
At 12:12pm, DeGem shares were traded at RM1.03 with 78,700 units transacted. The counter was among Bursa Malaysia's top gainers. DeGem's share trade resumed today following a suspension yesterday pending the SCR announcement.