Friday, July 8, 2016

Ellipsiz - Take Over

Ellipsiz had a take over news today. The stock in fact started a breakout yesterday with 10+ million shares traded. The news was out earlier in the morning and hence it's currently in the top volume with some trading volume. I am putting this stock in my watchlist to be watched for activities before deciding my next course of action.

Ellipsiz gets 38 cents per share takeover offer from Lum Chang controlling family
Source: TheEdge Markets | Publish date: Fri, 8 Jul 2016, 07:53 AM | >> Read article in News website 
SINGAPORE (July 8): Ellipsiz, the provider of semiconductor services and products, has received a takeover offer from the Lum family that controls construction firm Lum Chang Holdings.

Lum Chang managing director David Lum Kok Seng and his two sons, Kelvin Lum Wen-Sum and Adrian Lum Wen Hong, are offering 38 cents for each share of it does not already own, it said in a Singapore Exchange filing released on Thursday evening.

Ellipsiz had closed 1 cent higher at 37 cents earlier.

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Ronald K - Market Psychologist - A Stock Market Opportunist