Kim Heng Says Shareholder Evaluating Divestment Options; Shares Balloon 16%

MT Newswires · {{timeTz}}

03:48 AM EDT, 06/01/2022 (MT Newswires) -- Kim Heng (SGX:5G2) said its shareholder Credence Capital Fund II (Cayman) is in the process of evaluating divestment options relating to its shareholding in the company.

However, the offshore marine company stressed that the evaluation and discussions are still "preliminary" and there is no certainty that any transaction will actually take place, according to a Tuesday bourse disclosure.

Kim Heng shares soared over 16% in recent trade.

Price (SGD): S$0.11, Change: S$+0.02, Percent Change: +15.46%

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