Grand Venture Technology (SGX:JLB) entered into confidential discussions with a third party for a possible transaction, according to a Sunday filing with the Singapore Exchange.
The discussions are ongoing and there is no guarantee that the discussions will result in a transaction.
Following the initiation of discussions, the company has momentarily paused its plans of a proposed secondary listing of its shares on the Malaysian stock exchange.
Shares of the technology services company surged nearly 10% in recent trading.
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