KUALA LUMPUR: Shares of JERNEH ASIA BHD [] and PARAMOUNT CORPORATION BHD [] were among the major gainers in late afternoon trade on Thursday, bucking the weaker market sentiment.
At 3.30pm, Jerneh-WA rose 27 sen to 96.5 sen with 15.1 million units done while the shares climbed 21 sen to RM1.97 with 2.94 million shares transacted. Pramount advanced 14 sen to RM3.05.
Interest in the shares arose after Bank Negara gave Jerneh Asia the approval to start preliminary talks with the relevant parties keen to acquire its entire 80% of its insurance arm Jerneh Insurance Bhd.
The remaining 20% equity interest in Jerneh Insurance is held by Paramount Global Assets Sdn Bhd, a unit of Paramount Corporation Bhd.
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