May 05, 2014 (LBO) - Expolanka Holdings Plc, which has interests in logistics, leisure and trading is seeing heightened investor interest on take-over speculation, brokers said.
On Monday, 25 million Expolanka shares changed hands.
The stock closed at 10.30 rupees after opening at 10.70 rupees. Expolanka is up from 9.50 rupees levels in the last week of April.
Investors have shown interest on speculation of a take-over or strategic purchase by a foreign logistics firm, brokers said. Among the possible contenders mentioned is a Japan-based firm.
A top Expolanka official declined comment.
Expolanka Holdings' core business is logistics and it has an international network spanning East Asia and Sub Saharan Africa.
On Monday, 25 million Expolanka shares changed hands.
The stock closed at 10.30 rupees after opening at 10.70 rupees. Expolanka is up from 9.50 rupees levels in the last week of April.
Investors have shown interest on speculation of a take-over or strategic purchase by a foreign logistics firm, brokers said. Among the possible contenders mentioned is a Japan-based firm.
A top Expolanka official declined comment.
Expolanka Holdings' core business is logistics and it has an international network spanning East Asia and Sub Saharan Africa.
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