July 25, 2011

Eng Tek climbs after getting TYK offer

Stock Name: ENG
Company Name: ENG TEKNOLOGI HOLDINGS BHD
Research House: OSKPrice Call: HOLDTarget Price: 2.50



Eng Teknologi Holdings Bhd, a Malaysian electronic components maker, rose to its highest level in almost a year in Kuala Lumpur trading after receiving a buyout offer from TYK Capital Sdn Bhd at RM2.50 a share.

The stock climbed 1.8 per cent to RM2.32 at 9:06 a.m. local time, set for its highest close since July 28, 2010. -- Bloomberg

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