KUALA LUMPUR (Nov 1): Malaysia Packaging Industry Bhd (Maypak) shares hit limit up after rising as much as 30 sen or 46%. Maypak shares rose after Japan-based Taisei Lamick Co Ltd raised its take-over offer price for Maypak to RM1, from 65 sen a share. At 12:30 p.m., Maypak shares settled at their highest so far today at 95.5 sen to become Bursa Malaysia's top gainer. At 95.5 sen, Maypak has a market value of RM40.15 million. Yesterday, Taisei Lamick said in its revised offer letter that the offer would remain open for acceptance until 5 p.m. on Nov 15 this year.

Source: The Edge Markets November 01, 2016 05:43 UTC